Securities (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020, are as follows

	(In Thousands)
	March 31, 2021
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	44,059	$	-	$	(734	)	$	43,325
U.S. Government agencies		131,419		1,378		(1,998	)		130,799
Mortgage-backed securities		116,160		1,583		(1,380	)		116,363
State and local governments		61,156		1,856		(525	)		62,487
Total available-for-sale securities	$	352,794	$	4,817	$	(4,637	)	$	352,974

	(In Thousands)
	December 31, 2020
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	-	$	-	$	-		$	-
U.S. Government agencies		122,514		1,857		(130	)		124,241
Mortgage-backed securities		110,828		2,228		-			113,056
State and local governments		67,260		3,265		(10	)		70,515
Total available-for-sale securities	$	300,602	$	7,350	$	(140	)	$	307,812

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

Information pertaining to securities with gross unrealized losses at March 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:    

	(In Thousands)
	March 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	$	(734	)	$	43,325	$	-	$	-	$	(734	)	$	43,325
U.S. Government agencies		(1,998	)		94,069		-		-		(1,998	)		94,069
Mortgage-backed securities		(1,380	)		57,940		-		-		(1,380	)		57,940
State and local governments		(525	)		17,720		-		-		(525	)		17,720
Total available-for-sale securities	$	(4,637	)	$	213,054	$	-	$	-	$	(4,637	)	$	213,054

	(In Thousands)
	December 31, 2020
	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	$	-		$	-	$	-	$	-	$	-		$	-
U.S. Government agencies		(130	)		48,331		-		-		(130	)		48,331
Mortgage-backed securities		-			-		-		-		-			-
State and local governments		(10	)		3,562		-		-		(10	)		3,562
Total available-for-sale securities	$	(140	)	$	51,893	$	-	$	-	$	(140	)	$	51,893

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three months ended March 31, 2021 and March 31, 2020.

	Three Months
	(In Thousands)
	2021		2020
Gross realized gains	$	293	$	270
Gross realized losses		-		-
Net realized gains	$	293	$	270
Tax expense related to net realized gains	$	62	$	57

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

The amortized cost and fair value of debt securities at March 31, 2021, 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	$	7,849	$	7,966
After one year through five years		76,476		77,041
After five years through ten years		151,959		151,248
After ten years		350		356
Total	$	236,634	$	236,611
Mortgage-backed securities		116,160		116,363
Total	$	352,794	$	352,974