Securities (Tables)

9 Months Ended

Sep. 30, 2022

Securities [Abstract]

Schedule Of Amortized Cost And Approximate Fair Value Of Securities

	September 30, 2022
	(in thousands)
	Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value
Available for Sale:
Debt securities:
U.S. treasuries and government agencies	$	166,351	$	2	$	(25,289)	$	141,064
States and political subdivisions		23,573		2		(1,721)		21,854
Total debt securities		189,924		4		(27,010)		162,918
Mortgage-backed securities:
FNMA		76,916		-		(13,272)		63,644
FHLMC		47,544		-		(7,160)		40,384
GNMA		40,741		-		(6,019)		34,722
SBA		23,044		-		(2,397)		20,647
CMO		55,037		-		(8,211)		46,826
Total mortgage-backed securities		243,282		-		(37,059)		206,223
Total securities designated as available for sale	$	433,206	$	4	$	(64,069)	$	369,141
Held to Maturity:
Debt securities
States and political subdivisions	$	7,572	$	-	$	(159)	$	7,413
Total securities designated as held to maturity	$	7,572	$	-	$	(159)	$	7,413

	December 31, 2021
	(in thousands)
	Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value
Available for Sale:
Debt securities:
U.S. treasuries and government agencies	$	99,005	$	199	$	(2,386)	$	96,818
States and political subdivisions		6,150		96		-		6,246
Total debt securities		105,155		295		(2,386)		103,064
Mortgage-backed securities:
FNMA		64,056		222		(1,068)		63,210
FHLMC		38,796		62		(424)		38,434
GNMA		31,814		15		(615)		31,214
SBA		17,919		343		(54)		18,208
CMO		52,488		175		(834)		51,829
Total mortgage-backed securities		205,073		817		(2,995)		202,895
Total securities designated as available for sale	$	310,228	$	1,112	$	(5,381)	$	305,959
Held to Maturity:
Debt securities
States and political subdivisions	$	3,165	$	17	$	(3)	$	3,179
Total securities designated as held to maturity	$	3,165	$	17	$	(3)	$	3,179

Scheduled Maturities Of Debt And Mortgage-Backed Securities

	September 30, 2022
	Amortized		Estimated
	cost		fair value
	(in thousands)
Debt securities available for sale:
Due in one year or less	$	6,839	$	6,769
Due after one year through five years		79,801		73,585
Due after five years through ten years		74,294		62,431
Due after ten years		28,990		20,133
		189,924		162,918
Mortgage-backed securities
available for sale		243,282		206,223
Total	$	433,206	$	369,141
Debt securities held to maturity:
Due in one year or less	$	6,665	$	6,615
Due after one year through five years		495		456
Due after five years through ten years		412		342
Due after ten years		-		-
Total	$	7,572	$	7,413

Unrealized Losses On Securities

	September 30, 2022
		Less than 12 months				12 months or longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(in thousands)
Available for Sale:
Debt securities:
U.S. treasuries and government agencies	$	91,283	$	(9,992)	$	48,781	$	(15,297)	$	140,064	$	(25,289)
States and political subdivisions		20,748		(1,721)		-		-		20,748		(1,721)
Total debt securities		112,031		(11,713)		48,781		(15,297)		160,812		(27,010)
Mortgage-backed securities:
FNMA		31,695		(5,178)		31,889		(8,094)		63,584		(13,272)
FHLMC		24,908		(3,503)		15,458		(3,657)		40,366		(7,160)
GNMA		20,125		(2,675)		14,597		(3,344)		34,722		(6,019)
SBA		17,478		(1,966)		3,169		(431)		20,647		(2,397)
CMO		29,286		(3,855)		17,540		(4,356)		46,826		(8,211)
Total mortgage-backed securities		123,492		(17,177)		82,653		(19,882)		206,145		(37,059)
Held to Maturity:
Debt securities:
States and political subdivisions		7,335		(149)		78		(10)		7,413		(159)
Total temporarily impaired
securities	$	242,858	$	(29,039)	$	131,512	$	(35,189)	$	374,370	$	(64,228)
	December 31, 2021
		Less than 12 months				12 months or longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(in thousands)
Available for Sale:
Debt securities:
U.S. treasuries and government agencies	$	50,381	$	(884)	$	27,488	$	(1,502)	$	77,869	$	(2,386)
States and political subdivisions		-		-		-		-		-		-
Total debt securities		50,381		(884)		27,488		(1,502)		77,869		(2,386)
Mortgage-backed securities:
FNMA		48,008		(903)		2,941		(165)		50,949		(1,068)
FHLMC		35,851		(423)		76		(1)		35,927		(424)
GNMA		30,252		(615)		143		-		30,395		(615)
SBA		2,824		(25)		1,218		(29)		4,042		(54)
CMO		38,313		(833)		25		(1)		38,338		(834)
Total mortgage-backed securities		155,248		(2,799)		4,403		(196)		159,651		(2,995)
Held to Maturity:
Debt securities:
States and political subdivisions		1,782		(3)		-		-		1,782		(3)
Total temporarily impaired
securities	$	207,411	$	(3,686)	$	31,891	$	(1,698)	$	239,302	$	(5,384)