SECURITIES (Tables)

3 Months Ended

Mar. 31, 2023

SECURITIES

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

(In Thousands)	March 31, 2023
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	33,924	$	0	$	(2,761)	$	31,163
Obligations of U.S. Government agencies		25,479		0		(2,131)		23,348
Bank holding company debt securities		28,947		0		(4,224)		24,723
Obligations of states and political subdivisions:
Tax-exempt		128,285		330		(10,803)		117,812
Taxable		67,076		0		(9,504)		57,572
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		109,028		0		(11,221)		97,807
Residential collateralized mortgage obligations		42,296		0		(4,179)		38,117
Commercial mortgage-backed securities		84,449		10		(10,264)		74,195
Private label commercial mortgage-backed securities		8,105		10		(38)		8,077
Total available-for-sale debt securities	$	527,589	$	350	$	(55,125)	$	472,814

(In Thousands)	December 31, 2022
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	35,166	$	0	$	(3,330)	$	31,836
Obligations of U.S. Government agencies		25,938		0		(2,508)		23,430
Bank holding company debt securities		28,945		0		(3,559)		25,386
Obligations of states and political subdivisions:
Tax-exempt		146,149		319		(13,845)		132,623
Taxable		68,488		0		(11,676)		56,812
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		112,782		0		(12,841)		99,941
Residential collateralized mortgage obligations		44,868		0		(4,572)		40,296
Commercial mortgage-backed securities		91,388		0		(11,702)		79,686
Private label commercial mortgage-backed securities		8,070		2		(49)		8,023
Total available-for-sale debt securities	$	561,794	$	321	$	(64,082)	$	498,033

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

March 31, 2023	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	$	0	$	0	$	31,163	$	(2,761)	$	31,163	$	(2,761)
Obligations of U.S. Government agencies		8,867		(361)		14,481		(1,770)		23,348		(2,131)
Bank holding company debt securities		5,894		(1,106)		18,829		(3,118)		24,723		(4,224)
Obligations of states and political subdivisions:
Tax-exempt		12,891		(177)		97,284		(10,626)		110,175		(10,803)
Taxable		10,170		(380)		46,902		(9,124)		57,072		(9,504)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		15,066		(419)		82,741		(10,802)		97,807		(11,221)
Residential collateralized mortgage obligations		7,821		(257)		30,296		(3,922)		38,117		(4,179)
Commercial mortgage-backed securities		14,886		(702)		56,963		(9,562)		71,849		(10,264)
Private label commercial mortgage-backed securities		4,790		(38)		0		0		4,790		(38)
Total temporarily impaired available-for-sale debt securities	$	80,385	$	(3,440)	$	378,659	$	(51,685)	$	459,044	$	(55,125)

December 31, 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	$	20,192	$	(1,939)	$	11,644	$	(1,391)	$	31,836	$	(3,330)
Obligations of U.S. Government agencies		8,509		(430)		12,921		(2,078)		21,430		(2,508)
Bank holding company debt securities		14,248		(1,697)		11,138		(1,862)		25,386		(3,559)
Obligations of states and political subdivisions:
Tax-exempt		106,204		(11,023)		15,153		(2,822)		121,357		(13,845)
Taxable		28,901		(4,739)		27,761		(6,937)		56,662		(11,676)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		45,410		(4,226)		54,531		(8,615)		99,941		(12,841)
Residential collateralized mortgage obligations		28,670		(2,042)		11,626		(2,530)		40,296		(4,572)
Commercial mortgage-backed securities		40,408		(2,585)		39,278		(9,117)		79,686		(11,702)
Private label commercial mortgage-backed securities		4,762		(49)		0		0		4,762		(49)
Total temporarily impaired available-for-sale debt securities	$	297,304	$	(28,730)	$	184,052	$	(35,352)	$	481,356	$	(64,082)

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

(In Thousands)	Three Months Ended
	March 31,		March 31,
	2023		2022
Gross realized gains from sales	$	80	$	2
Gross realized losses from sales		(73)		0
Net realized gains	$	7	$	2

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

(In Thousands)	March 31, 2023
	Amortized		Fair
	Cost		Value
Due in one year or less	$	11,807	$	11,688
Due from one year through five years		69,781		65,627
Due from five years through ten years		80,332		71,674
Due after ten years		121,791		105,629
Sub-total		283,711		254,618
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		109,028		97,807
Residential collateralized mortgage obligations		42,296		38,117
Commercial mortgage-backed securities		84,449		74,195
Private label commercial mortgage-backed securities		8,105		8,077
Total	$	527,589	$	472,814