SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

SECURITIES

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

(In Thousands)	September 30, 2022
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	35,155	$	0	$	(3,556)	$	31,599
Obligations of U.S. Government agencies		23,939		0		(2,550)		21,389
Bank holding company debt securities		28,944		0		(3,512)		25,432
Obligations of states and political subdivisions:
Tax-exempt		146,847		153		(20,290)		126,710
Taxable		69,902		0		(11,585)		58,317
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		116,833		0		(14,094)		102,739
Residential collateralized mortgage obligations		44,075		0		(4,443)		39,632
Commercial mortgage-backed securities		89,349		0		(11,966)		77,383
Private label commercial mortgage-backed securities		4,793		0		(14)		4,779
Total available-for-sale debt securities	$	559,837	$	153	$	(72,010)	$	487,980

(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

September 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	$	20,913	$	(2,195)	$	10,686	$	(1,361)	$	31,599	$	(3,556)
Obligations of U.S. Government agencies		8,486		(454)		12,903		(2,096)		21,389		(2,550)
Bank holding company debt securities		25,432		(3,512)		0		0		25,432		(3,512)
Obligations of states and political subdivisions:
Tax-exempt		107,565		(16,818)		13,122		(3,472)		120,687		(20,290)
Taxable		37,480		(6,189)		20,837		(5,396)		58,317		(11,585)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		66,747		(7,746)		35,992		(6,348)		102,739		(14,094)
Residential collateralized mortgage obligations		31,957		(2,763)		7,675		(1,680)		39,632		(4,443)
Commercial mortgage-backed securities		47,633		(4,214)		29,750		(7,752)		77,383		(11,966)
Private label commercial mortgage-backed securities		4,779		(14)		0		0		4,779		(14)
Total temporarily impaired available-for-sale debt securities	$	350,992	$	(43,905)	$	130,965	$	(28,105)	$	481,957	$	(72,010)

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				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2022		2021		2022		2021
Gross realized gains from sales	$	44	$	23	$	48	$	27
Gross realized losses from sales		(24)		0		(27)		(2)
Net realized gains	$	20	$	23	$	21	$	25

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

(In Thousands)	September 30, 2022
	Amortized		Fair
	Cost		Value
Due in one year or less	$	12,648	$	12,490
Due from one year through five years		71,702		66,612
Due from five years through ten years		92,119		81,106
Due after ten years		128,318		103,239
Sub-total		304,787		263,447
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		116,833		102,739
Residential collateralized mortgage obligations		44,075		39,632
Commercial mortgage-backed securities		89,349		77,383
Private label commercial mortgage-backed securities		4,793		4,779
Total	$	559,837	$	487,980