SECURITIES (Tables)

6 Months Ended

Jun. 30, 2024

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
June 30, 2024:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,896	$	—	$	(893)	$	7,003
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		157,735		35		(15,395)		142,375
Other		5,949		95		(41)		6,003
Other mortgage backed securities		51,082		109		(2,563)		48,628
Obligations of state and political subdivisions		95,673		15		(11,047)		84,641
Asset-backed securities		85,262		289		(480)		85,071
Corporate debt securities		38,011		92		(8,235)		29,868
Total	$	441,608	$	635	$	(38,654)	$	403,589

	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

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

			June 30, 2024
			Debt Securities Available-For-Sale
(Dollars in thousands)				U.S. Government		Other		Obligations
				Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury			Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities			Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—		$	—	$	2,950	$	5,590	$	—	$	—
Fair value		—			—		2,925		5,511		—		—
1 - 5 Years:
Amortized cost		7,896			6,939		1,202		14,293		—		1,244
Fair value		7,003			6,898		1,157		13,743		—		1,212
5 - 10 Years:
Amortized cost		—			4,624		1,378		26,245		4,648		31,678
Fair value		—			4,692		1,376		22,576		4,622		28,217
After 10 Years:
Amortized cost		—			152,121		45,552		49,545		80,614		5,089
Fair value		—			136,788		43,170		42,811		80,449		439
Total:
Amortized cost	$	7,896		$	163,684	$	51,082	$	95,673	$	85,262	$	38,011
Fair value		7,003			148,378		48,628		84,641		85,071		29,868

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

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

(Dollars in thousands)
	Fair
June 30, 2024:	Value
Issuer
Sallie Mae Bank	$	29,712
Velocity Commercial Capital		25,583
Nelnet Student Loan Trust		16,904
Navient Student Loan Trust		11,739

(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

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

June 30, 2024

(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	$	—	$	—	$	7,003	$	(893)	$	7,003	$	(893)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		27,412		(138)		101,754		(15,257)		129,166		(15,395)
Other		—		—		2,416		(41)		2,416		(41)
Other mortgage-backed debt securities		20,636		(363)		21,224		(2,200)		41,860		(2,563)
Obligations of state and political subdivisions		1,246		(9)		80,387		(11,038)		81,633		(11,047)
Asset-backed securities		30,739		(134)		7,019		(346)		37,758		(480)
Corporate debt securities		4,259		(4,868)		24,742		(3,367)		29,001		(8,235)
Total	$	84,292	$	(5,512)	$	244,545	$	(33,142)	$	328,837	$	(38,654)

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)

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

(Dollars in thousands)	Six months ended		Six months ended
	June 30, 2024		June 30, 2023
Net losses from market value fluctuations recognized during the period on equity securities	$	(194)	$	(224)
Less: Net gains recognized during the period on equity securities sold during the period		—		—
Net losses recognized during the reporting period on equity securities still held at the reporting date	$	(194)	$	(224)