SECURITIES (Tables)

9 Months Ended

Sep. 30, 2024

SECURITIES

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

(In Thousands)	September 30, 2024
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	8,072	$	0	$	(751)	$	7,321
Obligations of U.S. Government agencies		10,271		0		(895)		9,376
Bank holding company debt securities		28,956		0		(5,007)		23,949
Obligations of states and political subdivisions:
Tax-exempt		113,093		342		(8,499)		104,936
Taxable		55,182		0		(6,748)		48,434
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		101,545		248		(7,740)		94,053
Residential collateralized mortgage obligations		48,251		233		(2,883)		45,601
Commercial mortgage-backed securities		73,695		22		(7,327)		66,390
Private label commercial mortgage-backed securities		8,327		35		0		8,362
Total available-for-sale debt securities	$	447,392	$	880	$	(39,850)	$	408,422

(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

September 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	$	7,321		(751)	$	7,321	$	(751)
Obligations of U.S. Government agencies		0		0		9,376		(895)		9,376		(895)
Bank holding company debt securities		0		0		23,949		(5,007)		23,949		(5,007)
Obligations of states and political subdivisions:
Tax-exempt		499		(1)		96,678		(8,498)		97,177		(8,499)
Taxable		0		0		45,475		(6,748)		45,475		(6,748)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		0		0		74,328		(7,740)		74,328		(7,740)
Residential collateralized mortgage obligations		0		0		29,050		(2,883)		29,050		(2,883)
Commercial mortgage-backed securities		0		0		64,018		(7,327)		64,018		(7,327)
Total	$	499	$	(1)	$	350,195	$	(39,849)	$	350,694	$	(39,850)

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				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2024		2023		2024		2023
Gross realized gains from sales	$	0	$	0	$	0	$	89
Gross realized losses from sales		0		0		0		(83)
Net realized (losses) gains	$	0	$	0	$	0	$	6

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

(In Thousands)	September 30, 2024
	Amortized		Fair
	Cost		Value
Due in one year or less	$	9,459	$	9,408
Due from one year through five years		30,098		28,615
Due from five years through ten years		78,690		70,407
Due after ten years		97,327		85,586
Sub-total		215,574		194,016
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		101,545		94,053
Residential collateralized mortgage obligations		48,251		45,601
Commercial mortgage-backed securities		73,695		66,390
Private label commercial mortgage-backed securities		8,327		8,362
Total	$	447,392	$	408,422