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INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2025
INVESTMENT SECURITIES [Abstract]  
Amortized Cost and Fair Value of Investment Securities
The amortized cost, gross unrealized gains and losses, and fair value of investment securities at December 31, 2025 and 2024 were as follows (in thousands):

December 31, 2025
  
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Allowance
for Credit
Losses
    
Fair
Value
  
Available-for-sale securities:
                              
U.S. Agency securities
  
$
52,651
    
$
12
    
$
(2,908
)
  
$
-
    
$
49,755
  
U.S. Treasuries
    
84,551
      
225
      
(2,122
)
    
-
      
82,654
  
Obligations of state and political subdivisions
    
120,608
      
1,070
      
(5,792
)
    
-
      
115,886
  
Corporate obligations
    
11,304
      
405
      
(412
)
    
-
      
11,297
  
Mortgage-backed securities in government sponsored entities
    
193,405
      
1,103
      
(9,359
)
    
-
      
185,149
  
Total available-for-sale securities
  
$
462,519
    
$
2,815
    
$
(20,593
)
  
$
-
    
$
444,741
  
                                         
December 31, 2024
                                        
Available-for-sale securities:
                                        
U.S. Agency securities
  
$
58,594
    
$
6
    
$
(5,113
)
  
$
-
    
$
53,487
  
U.S. Treasuries
    
126,220
      
6
      
(5,724
)
    
-
      
120,502
  
Obligations of state and political subdivisions
    
103,137
      
4
      
(8,239
)
    
-
      
94,902
  
Corporate obligations
    
11,206
      
297
      
(1,065
)
    
-
      
10,438
  
Mortgage-backed securities in government sponsored entities
    
160,380
      
232
      
(14,029
)
    
-
      
146,583
  
Total available-for-sale securities
  
$
459,537
    
$
545
    
$
(34,170
)
  
$
-
    
$
425,912
  
Unrealized Losses and Fair Value of Available for-sale Securities
The following table shows the Company’s gross unrealized losses and fair value for available for sale securities, aggregated by investment category and length of time, that the individual securities have been in a continuous unrealized loss position, at December 31, 2025 and 2024 (in thousands).  As of December 31, 2025, the Company owned 242 securities each of whose fair value was less than its cost basis for a period twelve months or greater and 21 securities each of whose fair value was less than its cost basis for a period less than twelve months. As of December 31, 2024, the Company owned 312 securities each of whose fair value was less than its cost basis for a period twelve months or greater and five securities each of whose fair value was less than its cost basis for a period less than twelve months.
 
   
Less than Twelve Months
    
Twelve Months or Greater
    
Total
  
2025
  
Fair
Value
    
Gross
Unrealized
Losses
    
Fair
Value
    
Gross
Unrealized
Losses
    
Fair
Value
    
Gross
Unrealized
Losses
  
U.S. agency securities
  
$
-
    
$
-
    
$
45,104
    
$
(2,908
)
  
$
45,104
    
$
(2,908
)
U.S. Treasuries
    
-
      
-
      
72,784
      
(2,122
)
    
72,784
      
(2,122
)
Obligations of states and political subdivisions
    
5,642
      
(98
)
    
72,858
      
(5,694
)
    
78,500
      
(5,792
)
Corporate obligations
    
-
      
-
      
6,588
      
(412
)
    
6,588
      
(412
)
Mortgage-backed securities in government sponsored entities
    
36,858
      
(247
)
    
79,922
      
(9,112
)
    
116,780
      
(9,359
)
 Total securities
  
$
42,500
    
$
(345
)
  
$
277,256
    
$
(20,248
)
  
$
319,756
    
$
(20,593
)
                                                 
2024
                                                
U.S. agency securities
  
$
-
    
$
-
    
$
51,470
    
$
(5,113
)
  
$
51,470
    
$
(5,113
)
U.S. Treasuries
    
5,553
      
(11
)
    
110,992
      
(5,713
)
    
116,545
      
(5,724
)
Obligations of states and political subdivisions
    
4,186
      
(39
)
    
86,773
      
(8,200
)
    
90,959
      
(8,239
)
Corporate obligations
    
345
      
(33
)
    
6,970
      
(1,032
)
    
7,315
      
(1,065
)
Mortgage-backed securities in government sponsored entities
    
35,044
      
(817
)
    
82,425
      
(13,212
)
    
117,469
      
(14,029
)
 Total securities
  
$
45,128
    
$
(900
)
  
$
338,630
    
$
(33,270
)
  
$
383,758
    
$
(34,170
)
Gross Gains and Losses on Available-for-sale Securities
There were no sales of available-for-sale securities during 2025 and 2024. Proceeds from sales of securities available-for-sale during 2023 were $86,504,000. Sales for 2023 were primarily the result of selling investments obtained as part of the HVBC acquisition for no gain or loss on the day of acquisition. The gross losses realized during 2023 consisted of $89,000 from the sales of seven municipal securities. The gross gains realized during 2023 consisted of $38,000 from the sales of two municipal securities. Gross gains and gross losses were realized as follows on available for sale securities (in thousands):

   
2025
    
2024
    
2023
  
Gross gains
  
$
-
    
$
-
    
$
38
  
Gross losses
    
-
      
-
      
(89
)
Net losses
  
$
-
    
$
-
    
$
(51
)
Unrealized Gains (Losses) Related to Equity Securities
The following table presents the net gains (losses) on the Company’s equity investments recognized in earnings during 2025, 2024 and 2023 and the portion of unrealized gains for the period that relates to equity investments held at December 31, 2025, 2024 and 2023 (in thousands):

Equity Securities
  
2025
    
2024
    
2023
  
Net gains (losses) recognized in equity securities during the period
  
$
67
    
$
145
    
$
(144
)
Less: Net gains (losses) realized on the sale of equity securities during the period
    
-
      
(4
)
    
14
  
Net unrealized gains (losses)
  
$
67
    
$
149
    
$
(158
)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The amortized cost and fair value of debt securities at December 31, 2025, by contractual maturity are shown below (in thousands). Municipal securities that have been refunded and will therefore pay-off on the call date are reflected in the table below utilizing the call date as the date of repayment as payment is guaranteed on that date:

Available-for-sale securities:
  
Amortized
Cost
    
Fair Value
  
Due in one year or less
  
$
36,430
    
$
36,054
  
Due after one year through five years
    
114,102
      
110,690
  
Due after five years through ten years
    
96,763
      
92,014
  
Due after ten years
    
215,224
      
205,983
  
Total
  
$
462,519
    
$
444,741