SECURITIES (Tables)

12 Months Ended

Dec. 31, 2024

SECURITIES

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

(In Thousands)	December 31, 2024
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	8,067	$	0	$	(949)	$	7,118
Obligations of U.S. Government agencies		10,154		0		(1,129)		9,025
Bank holding company debt securities		28,958		0		(3,712)		25,246
Obligations of states and political subdivisions:
Tax-exempt		111,995		238		(10,931)		101,302
Taxable		51,147		0		(8,641)		42,506
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		104,378		6		(9,970)		94,414
Residential collateralized mortgage obligations		53,389		10		(3,505)		49,894
Commercial mortgage-backed securities		73,470		0		(8,969)		64,501
Private label commercial mortgage-backed securities		8,365		9		0		8,374
Total available-for-sale debt securities	$	449,923	$	263	$	(47,806)	$	402,380

(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

December 31, 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	$	7,118		(949)	$	7,118	$	(949)
Obligations of U.S. Government agencies		0		0		9,025		(1,129)		9,025		(1,129)
Bank holding company debt securities		0		0		25,246		(3,712)		25,246		(3,712)
Obligations of states and political subdivisions:
Tax-exempt		6,581		(58)		91,316		(10,873)		97,897		(10,931)
Taxable		0		0		42,506		(8,641)		42,506		(8,641)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		22,777		(375)		69,282		(9,595)		92,059		(9,970)
Residential collateralized mortgage obligations		19,586		(156)		27,157		(3,349)		46,743		(3,505)
Commercial mortgage-backed securities		2,314		(38)		62,187		(8,931)		64,501		(8,969)
Total	$	51,258	$	(627)	$	333,837	$	(47,179)	$	385,095	$	(47,806)

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)	2024		2023		2022
Gross realized gains from sales	$	0	$	89	$	48
Gross realized losses from sales		0		(3,125)		(28)
Net realized (losses) gains	$	0	$	(3,036)	$	20
Income tax provision related to net realized (losses) gains	$	0	$	(638)	$	4

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

(In Thousands)	December 31, 2024
	Amortized		Fair
	Cost		Value
Due in one year or less	$	5,296	$	5,252
Due from one year through five years		33,440		31,113
Due from five years through ten years		78,665		70,174
Due after ten years		92,920		78,658
Sub-total		210,321		185,197
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		104,378		94,414
Residential collateralized mortgage obligations		53,389		49,894
Commercial mortgage-backed securities		73,470		64,501
Private label commercial mortgage-backed securities		8,365		8,374
Total	$	449,923	$	402,380