Securities (Tables)

3 Months Ended

Mar. 31, 2022

Securities [Abstract]

Amortized Cost and Fair Value, with Gross Unrealized Gains and Losses of Securities Available-for-Sale

Amortized costs and fair values, with gross unrealized gains and losses, of securities available-for-sale as of the dates indicated are as follows:

	March 31, 2022
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. Treasury securities	$	19,182	$	-	$	(1,287	)	$	17,895
Obligations of U.S. Government agencies		37,941		17		(711	)		37,247
Obligations of state and political subdivisions		72,566		249		(5,059	)		67,756
Mortgage-backed securities		90,968		101		(4,494	)		86,575
Money market investments		1,147		-		-			1,147
Corporate bonds and other securities		28,191		25		(813	)		27,403
	$	249,995	$	392	$	(12,364	)	$	238,023

	December 31, 2021
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. Treasury securities	$	15,052	$	-	$	(148	)	$	14,904
Obligations of U.S. Government agencies		38,651		75		(168	)		38,558
Obligations of state and political subdivisions		64,132		1,948		(277	)		65,803
Mortgage-backed securities		88,511		1,348		(801	)		89,058
Money market investments		2,413		-		-			2,413
Corporate bonds and other securities		23,441		261		(117	)		23,585
	$	232,200	$	3,632	$	(1,511	)	$	234,321

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity are shown below.

	March 31, 2022
(Dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	200	$	197
Due after one year through five years		16,646		16,333
Due after five through ten years		77,566		73,703
Due after ten years		154,436		146,643
Other securities, restricted		1,147		1,147
	$	249,995	$	238,023

Available-for-Sale Securities, Continuous Unrealized Loss Position

The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are deemed to be temporarily impaired as of March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated:

	March 31, 2022
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
U.S. Treasury securities	$	1,287	$	17,895	$	-	$	-	$	1,287	$	17,895
Obligations of U.S. Government agencies		643		28,149		68		4,668		711		32,817
Obligations of state and political subdivisions		4,628		52,989		431		3,820		5,059		56,809
Mortgage-backed securities		3,733		62,853		761		7,408		4,494		70,261
Corporate bonds and other securities		761		18,189		52		948		813		19,137
Total securities available-for-sale	$	11,052	$	180,075	$	1,312	$	16,844	$	12,364	$	196,919

	December 31, 2021
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
U.S. Treasury securities	$	148	$	14,904	$	-	$	-	$	148	$	14,904
Obligations of U.S. Government agencies		131		19,181		37		5,042		168		24,223
Obligations of state and policitcal subdivisions		277		20,673		-		-		277		20,673
Mortgage-backed securities		608		35,882		193		6,450		801		42,332
Corporate bonds and other securities		117		9,833		-		-		117		9,833
Total securities available-for-sale	$	1,281	$	100,473	$	230	$	11,492	$	1,511	$	111,965