SECURITIES (Tables)

6 Months Ended

Jun. 30, 2024

SECURITIES

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

(In Thousands)	June 30, 2024
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	10,323	$	0	$	(1,066)	$	9,257
Obligations of U.S. Government agencies		10,582		0		(1,232)		9,350
Bank holding company debt securities		28,955		0		(5,298)		23,657
Obligations of states and political subdivisions:
Tax-exempt		113,659		247		(11,886)		102,020
Taxable		56,294		0		(8,813)		47,481
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		104,708		0		(10,834)		93,874
Residential collateralized mortgage obligations		46,623		0		(4,058)		42,565
Commercial mortgage-backed securities		74,510		0		(9,792)		64,718
Private label commercial mortgage-backed securities		8,290		0		(67)		8,223
Total available-for-sale debt securities	$	453,944	$	247	$	(53,046)	$	401,145

(In Thousands)	December 31, 2023
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	12,325	$	0	$	(1,035)	$	11,290
Obligations of U.S. Government agencies		11,119		0		(1,173)		9,946
Bank holding company debt securities		28,952		0		(5,452)		23,500
Obligations of states and political subdivisions:
Tax-exempt		113,464		311		(9,576)		104,199
Taxable		58,720		0		(8,609)		50,111
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		105,549		40		(10,184)		95,405
Residential collateralized mortgage obligations		50,212		0		(3,750)		46,462
Commercial mortgage-backed securities		76,412		0		(9,730)		66,682
Private label commercial mortgage-backed securities		8,215		0		(55)		8,160
Total available-for-sale debt securities	$	464,968	$	351	$	(49,564)	$	415,755

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

June 30, 2024	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	$	9,257		(1,066)	$	9,257	$	(1,066)
Obligations of U.S. Government agencies		0		0		9,350		(1,232)		9,350		(1,232)
Bank holding company debt securities		0		0		23,657		(5,298)		23,657		(5,298)
Obligations of states and political subdivisions:
Tax-exempt		1,921		(23)		95,837		(11,863)		97,758		(11,886)
Taxable		0		0		47,481		(8,813)		47,481		(8,813)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		13,586		(111)		80,288		(10,723)		93,874		(10,834)
Residential collateralized mortgage obligations		12,945		(160)		29,620		(3,898)		42,565		(4,058)
Commercial mortgage-backed securities		0		0		64,718		(9,792)		64,718		(9,792)
Private label commercial mortgage-backed securities		0		0		8,223		(67)		8,223		(67)
Total	$	28,452	$	(294)	$	368,431	$	(52,752)	$	396,883	$	(53,046)

December 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	$	11,290	$	(1,035)	$	11,290	$	(1,035)
Obligations of U.S. Government agencies		1,595		(9)		8,351		(1,164)		9,946		(1,173)
Bank holding company debt securities		0		0		23,500		(5,452)		23,500		(5,452)
Obligations of states and political subdivisions:
Tax-exempt		3,257		(24)		96,758		(9,552)		100,015		(9,576)
Taxable		0		0		49,961		(8,609)		49,961		(8,609)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		3,334		(27)		84,297		(10,157)		87,631		(10,184)
Residential collateralized mortgage obligations		3,588		(2)		32,808		(3,748)		36,396		(3,750)
Commercial mortgage-backed securities		2,327		(16)		64,355		(9,714)		66,682		(9,730)
Private label commercial mortgage-backed securities		8,160		(55)		0		0		8,160		(55)
Total	$	22,261	$	(133)	$	371,320	$	(49,431)	$	393,581	$	(49,564)

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,
	2024		2023		2024		2023
Gross realized gains from sales	$	0	$	9	$	0	$	89
Gross realized losses from sales		0		(10)		0		(83)
Net realized (losses) gains	$	0	$	(1)	$	0	$	6

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

(In Thousands)	June 30, 2024
	Amortized		Fair
	Cost		Value
Due in one year or less	$	10,983	$	10,847
Due from one year through five years		29,973		27,736
Due from five years through ten years		77,475		67,081
Due after ten years		101,382		86,101
Sub-total		219,813		191,765
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		104,708		93,874
Residential collateralized mortgage obligations		46,623		42,565
Commercial mortgage-backed securities		74,510		64,718
Private label commercial mortgage-backed securities		8,290		8,223
Total	$	453,944	$	401,145