SECURITIES (Tables)

3 Months Ended

Mar. 31, 2025

SECURITIES

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

(In Thousands)	March 31, 2025
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding		Fair
	Cost		Gains		Losses		Value
Obligations of the U.S. Treasury	$	8,062	$	0	$	(778)	$	7,284
Obligations of U.S. Government agencies		9,819		0		(896)		8,923
Bank holding company debt securities		28,959		0		(3,015)		25,944
Obligations of states and political subdivisions:
Tax-exempt		110,721		197		(11,770)		99,148
Taxable		51,075		0		(7,488)		43,587
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		105,642		112		(8,277)		97,477
Residential collateralized mortgage obligations		54,923		136		(2,911)		52,148
Commercial mortgage-backed securities		73,232		0		(7,679)		65,553
Private label commercial mortgage-backed securities		8,404		0		(5)		8,399
Total available-for-sale debt securities	$	450,837	$	445	$	(42,819)	$	408,463

(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

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

March 31, 2025	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	$	7,284		(778)	$	7,284	$	(778)
Obligations of U.S. Government agencies		0		0		8,923		(896)		8,923		(896)
Bank holding company debt securities		0		0		25,944		(3,015)		25,944		(3,015)
Obligations of states and political subdivisions:
Tax-exempt		5,264		(116)		89,557		(11,654)		94,821		(11,770)
Taxable		0		0		43,587		(7,488)		43,587		(7,488)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		13,759		(143)		67,595		(8,134)		81,354		(8,277)
Residential collateralized mortgage obligations		6,656		(33)		26,274		(2,878)		32,930		(2,911)
Commercial mortgage-backed securities		2,341		(13)		63,212		(7,666)		65,553		(7,679)
Private label commercial mortgage-backed securities		8,399		(5)		0		0		8,399		(5)
Total	$	36,419	$	(310)	$	332,376	$	(42,509)	$	368,795	$	(42,819)

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)

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

(In Thousands)	March 31, 2025
	Amortized		Fair
	Cost		Value
Due in one year or less	$	5,690	$	5,645
Due from one year through five years		33,390		31,400
Due from five years through ten years		80,940		73,151
Due after ten years		88,616		74,690
Sub-total		208,636		184,886
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		105,642		97,477
Residential collateralized mortgage obligations		54,923		52,148
Commercial mortgage-backed securities		73,232		65,553
Private label commercial mortgage-backed securities		8,404		8,399
Total	$	450,837	$	408,463