Securities (Tables)

9 Months Ended

Sep. 30, 2022

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses at September 30, 2022 and December 31, 2021, are as follows:

	(In Thousands)
	September 30, 2022
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	105,219	$	-	$	(10,057	)	$	95,162
U.S. Government agencies		154,905		-		(16,885	)		138,020
Mortgage-backed securities		104,242		-		(13,978	)		90,264
State and local governments		78,888		46		(6,895	)		72,039
Total available-for-sale securities	$	443,254	$	46	$	(47,815	)	$	395,485

	(In Thousands)
	December 31, 2021
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	90,775	$	-	$	(1,598	)	$	89,177
U.S. Government agencies		159,673		695		(3,482	)		156,886
Mortgage-backed securities		118,550		839		(1,462	)		117,927
State and local governments		64,964		1,498		(521	)		65,941
Total available-for-sale securities	$	433,962	$	3,032	$	(7,063	)	$	429,931

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at September 30, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	(In Thousands)
	September 30, 2022
	Less Than Twelve Months					Twelve Months & Over					Total
	Gross Unrealized			Fair		Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value		Losses			Value
U.S. Treasury	$	(1,522	)	$	29,827	$	(8,535	)	$	65,335	$	(10,057	)	$	95,162
U.S. Government agencies		(1,066	)		22,597		(15,819	)		115,423		(16,885	)		138,020
Mortgage-backed securities		(3,176	)		33,338		(10,802	)		56,926		(13,978	)		90,264
State and local governments		(3,840	)		51,876		(3,055	)		18,257		(6,895	)		70,133
Total available-for-sale securities	$	(9,604	)	$	137,638	$	(38,211	)	$	255,941	$	(47,815	)	$	393,579

	(In Thousands)
	December 31, 2021
	Less Than Twelve Months					Twelve Months & Over					Total
	Gross Unrealized			Fair		Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value		Losses			Value
U.S. Treasury	$	(1,598	)	$	89,177	$	-		$	-	$	(1,598	)	$	89,177
U.S. Government agencies		(1,898	)		86,739		(1,584	)		41,738		(3,482	)		128,477
Mortgage-backed securities		(1,050	)		63,157		(412	)		16,434		(1,462	)		79,591
State and local governments		(296	)		17,727		(225	)		5,487		(521	)		23,214
Total available-for-sale securities	$	(4,842	)	$	256,800	$	(2,221	)	$	63,659	$	(7,063	)	$	320,459

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three and nine months ended September 30, 2022 and September 30, 2021.

	Three Months				Nine Months
	(In Thousands)				(In Thousands)
	2022		2021		2022		2021
Gross realized gains	$	-	$	-	$	-	$	293
Gross realized losses		-		-		-		-
Net realized gains	$	-	$	-	$	-	$	293
Tax expense related to net realized gains	$	-	$	-	$	-	$	62

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at September 30, 2022, by contractual maturity, are shown below. 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.

	(In Thousands)
	Amortized
	Cost		Fair Value
One year or less	$	17,262	$	16,909
After one year through five years		184,900		168,802
After five years through ten years		131,050		113,882
After ten years		5,800		5,628
Total	$	339,012	$	305,221
Mortgage-backed securities		104,242		90,264
Total	$	443,254	$	395,485