SECURITIES (Tables)

12 Months Ended

Dec. 31, 2023

SECURITIES

Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2023:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,881	$	—	$	(840)	$	7,041
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		152,510		—		(14,518)		137,992
Other		7,560		126		(54)		7,632
Other mortgage backed securities		36,623		168		(2,741)		34,050
Obligations of state and political subdivisions		97,899		18		(10,214)		87,703
Asset-backed securities		82,852		150		(840)		82,162
Corporate debt securities		40,647		74		(4,333)		36,388
Total	$	425,972	$	536	$	(33,540)	$	392,968

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2022:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,853	$	—	$	(1,052)	$	6,801
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		146,707		—		(15,032)		131,675
Other		10,992		233		(45)		11,180
Other mortgage backed securities		36,767		—		(3,079)		33,688
Obligations of state and political subdivisions		125,176		266		(14,753)		110,689
Asset-backed securities		37,526		—		(1,108)		36,418
Corporate debt securities		45,838		183		(3,028)		42,993
Total	$	410,859	$	682	$	(38,097)	$	373,444

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

(Dollars in thousands)	Available-for-Sale
	Amortized
	Cost		Fair Value
1 year or less	$	9,283	$	9,282
Over 1 year through 5 years		27,963		26,457
Over 5 years through 10 years		66,364		58,915
Over 10 years		133,230		126,272
Mortgage-backed securities		189,132		172,042
Total	$	425,972	$	392,968

Schedule of Holdings Of Securities From Issuers In Excess Of Ten Percent Of Consolidated Stockholders Equity

(Dollars in thousands)
	Fair
December 31, 2023:	Value
Issuer
Sallie Mae Bank	$	25,737
Nelnet Student Loan Trust		15,486
Navient Student Loan Trust		13,179

(Dollars in thousands)
	Fair
December 31, 2022:	Value
Issuer
Sallie Mae Bank	$	17,362

Schedule of unrealized losses and fair value of the corporations debt securities

December 31, 2023

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	7,041	$	(840)	$	7,041	$	(840)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		23,103		(242)		102,608		(14,276)		125,711		(14,518)
Other		—		—		3,029		(54)		3,029		(54)
Other mortgage-backed debt securities		1,568		(1)		25,042		(2,740)		26,610		(2,741)
Obligations of state and political subdivisions		—		—		82,113		(10,214)		82,113		(10,214)
Asset-backed securities		52,862		(342)		12,726		(498)		65,588		(840)
Corporate debt securities		2,813		(270)		30,501		(4,063)		33,314		(4,333)
Total	$	80,346	$	(855)	$	263,060	$	(32,685)	$	343,406	$	(33,540)

December 31, 2022

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	6,801	$	(1,052)	$	6,801	$	(1,052)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		61,067		(2,184)		65,174		(12,848)		126,241		(15,032)
Other		1,589		(2)		3,168		(43)		4,757		(45)
Other mortgage-backed debt securities		16,167		(962)		17,521		(2,117)		33,688		(3,079)
Obligations of state and political subdivisions		56,565		(5,881)		35,704		(8,872)		92,269		(14,753)
Asset-backed securities		24,136		(405)		12,282		(703)		36,418		(1,108)
Corporate debt securities		15,827		(1,073)		18,345		(1,955)		34,172		(3,028)
Total	$	175,351	$	(10,507)	$	158,995	$	(27,590)	$	334,346	$	(38,097)

Schedule of realized gains and losses recognized in net income on equity securities

(Dollars in thousands)
	December 31, 2023		December 31, 2022
Net losses from market value fluctuations recognized during the period on equity securities	$	(217)	$	(93)
Less: Net gains recognized during the period on equity securities sold during the period		—		27
Net losses recognized during the reporting period on equity securities still held at the reporting date	$	(217)	$	(120)