Securities (Tables)

6 Months Ended

Jun. 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 June 30, 2022 and December 31, 2021, are as follows

	(In Thousands)
	June 30, 2022
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	105,435	$	-	$	(8,335	)	$	97,100
U.S. Government agencies		155,489		-		(13,977	)		141,512
Mortgage-backed securities		105,994		-		(12,013	)		93,981
State and local governments		72,341		83		(5,330	)		67,094
Total available-for-sale securities	$	439,259	$	83	$	(39,655	)	$	399,687

	(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 June 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)
	June 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	$	(5,170	)	$	71,736	$	(3,165	)	$	6,774	$	(8,335	)	$	78,510
U.S. Government agencies		(4,305	)		55,400		(9,672	)		102,702		(13,977	)		158,102
Mortgage-backed securities		(6,432	)		61,720		(5,581	)		32,261		(12,013	)		93,981
State and local governments		(4,063	)		52,771		(1,267	)		6,575		(5,330	)		59,346
Total available-for-sale securities	$	(19,970	)	$	241,627	$	(19,685	)	$	148,312	$	(39,655	)	$	389,939

	(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 six months ended June 30, 2022 and June 30, 2021.

	Three Months				Six 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 June 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	$	6,479	$	6,423
After one year through five years		182,012		170,399
After five years through ten years		143,265		127,389
After ten years		1,509		1,495
Total	$	333,265	$	305,706
Mortgage-backed securities		105,994		93,981
Total	$	439,259	$	399,687