SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

SECURITIES

Schedule of amortized cost and fair value of available-for-sale debt securities

(In Thousands)	June 30, 2022
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	38,151	$	0	$	(2,377)	$	35,774
Obligations of U.S. Government agencies		24,454		0		(1,669)		22,785
Bank holding company debt securities		28,942		0		(1,527)		27,415
Obligations of states and political subdivisions:
Tax-exempt		152,063		501		(13,164)		139,400
Taxable		72,204		19		(8,325)		63,898
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		114,367		1		(8,325)		106,043
Residential collateralized mortgage obligations		47,295		0		(2,534)		44,761
Commercial mortgage-backed securities		95,318		19		(8,576)		86,761
Total available-for-sale debt securities	$	572,794	$	540	$	(46,497)	$	526,837

(In Thousands)	December 31, 2021
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	25,058	$	52	$	(198)	$	24,912
Obligations of U.S. Government agencies		23,936		563		(408)		24,091
Bank holding company debt securities		18,000		18		(31)		17,987
Obligations of states and political subdivisions:
Tax-exempt		143,427		4,749		(148)		148,028
Taxable		72,182		1,232		(649)		72,765
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		98,048		705		(572)		98,181
Residential collateralized mortgage obligations		44,015		437		(205)		44,247
Commercial mortgage-backed securities		86,926		1,548		(1,006)		87,468
Total available-for-sale debt securities	$	511,592	$	9,304	$	(3,217)	$	517,679

Schedule of gross unrealized losses and fair value of available-for-sale debt securities

June 30, 2022	Less Than 12 Months				12 Months or More				Total
(In Thousands)	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
Obligations of the U.S. Treasury	$	34,823	$	(2,329)	$	951	$	(48)	$	35,774	$	(2,377)
Obligations of U.S. Government agencies		17,194		(1,162)		5,591		(507)		22,785		(1,669)
Bank holding company debt securities		27,415		(1,527)		0		0		27,415		(1,527)
Obligations of states and political subdivisions:
Tax-exempt		111,623		(12,626)		3,219		(538)		114,842		(13,164)
Taxable		52,067		(7,002)		5,184		(1,323)		57,251		(8,325)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		101,521		(7,908)		3,468		(417)		104,989		(8,325)
Residential collateralized mortgage obligations		44,621		(2,534)		0		0		44,621		(2,534)
Commercial mortgage-backed securities		67,194		(6,257)		12,176		(2,319)		79,370		(8,576)
Total temporarily impaired available-for-sale debt securities	$	456,458	$	(41,345)	$	30,589	$	(5,152)	$	487,047	$	(46,497)

December 31, 2021	Less Than 12 Months				12 Months or More				Total
(In Thousands)	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
Obligations of the U.S. Treasury	$	18,886	$	(198)	$	0	$	0	$	18,886	$	(198)
Obligations of U.S. Government agencies		9,735		(264)		4,856		(144)		14,591		(408)
Bank holding company debt securities		12,969		(31)		0		0		12,969		(31)
Obligations of states and political subdivisions:
Tax-exempt		17,852		(141)		549		(7)		18,401		(148)
Taxable		31,261		(517)		3,277		(132)		34,538		(649)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		71,451		(572)		0		0		71,451		(572)
Residential collateralized mortgage obligations		15,117		(205)		0		0		15,117		(205)
Commercial mortgage-backed securities		52,867		(1,006)		0		0		52,867		(1,006)
Total temporarily impaired available-for-sale debt securities	$	230,138	$	(2,934)	$	8,682	$	(283)	$	238,820	$	(3,217)

Schedule of gross realized gains and losses from available-for-sale

(In Thousands)	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2022		2021		2022		2021
Gross realized gains from sales	$	2	$	4	$	4	$	4
Gross realized losses from sales		(3)		(2)		(3)		(2)
Net realized (losses) gains	$	(1)	$	2	$	1	$	2

Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity

(In Thousands)	June 30, 2022
	Amortized		Fair
	Cost		Value
Due in one year or less	$	15,872	$	15,795
Due from one year through five years		75,486		72,612
Due from five years through ten years		92,369		86,353
Due after ten years		132,087		114,512
Sub-total		315,814		289,272
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		114,367		106,043
Residential collateralized mortgage obligations		47,295		44,761
Commercial mortgage-backed securities		95,318		86,761
Total	$	572,794	$	526,837