Securities (Tables)

12 Months Ended

Dec. 31, 2022

Debt Securities, Available-for-Sale [Abstract]

Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at December 31, 2022 and 2021 were as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
	December 31, 2022
	(in thousands)
Obligations of U.S. government corporations and agencies	$	9,993	$	—	$	(858	)	$	9,135
Mortgage-backed securities		153,289		—		(24,136	)		129,153
Obligations of states and political subdivisions		7,027		2		(422	)		6,607
Subordinated debt		4,750		—		(489	)		4,261
	$	175,059	$	2	$	(25,905	)	$	149,156

	December 31, 2021
	(in thousands)
Obligations of U.S. government corporations and agencies	$	14,541	$	417	$	(37	)	$	14,921
U.S. treasury notes		2,003		—		—			2,003
Mortgage-backed securities		152,391		753		(2,132	)		151,012
Obligations of states and political subdivisions		21,104		773		—			21,877
Subordinated debt		2,500		11		(3	)		2,508
	$	192,539	$	1,954	$	(2,172	)	$	192,321

Schedule Composition Of Restricted Investments

Carrying amounts of restricted securities at December 31, 2022 and 2021 were as follows:

	December 31, 2022		December 31, 2021
	(in thousands)
Federal Reserve Bank Stock	$	944	$	344
Federal Home Loan Bank Stock		8,149		565
Community Bankers’ Bank Stock		140		140
	$	9,233	$	1,049

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of securities available for sale at December 31, 2022, by contractual maturity, are shown below. Maturities may differ from contractual maturities primarily (others could be called) in mortgage-backed securities because the mortgages underlying the securities may be called or repaid without any penalties.

	Amortized Cost		Fair Value
	(in thousands)
Due in one year or less	$	837	$	833
Due after one year through five years		4,958		4,635
Due after five years through ten years		24,091		21,772
Due after ten years		145,173		121,916
	$	175,059	$	149,156

Fair Value And Gross Unrealized Losses For Securities Available For Sale

The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2022 and 2021 were as follows:

	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	December 31, 2022
	(in thousands)
Obligations of U.S. government corporations and agencies	$	6,140	$	543	$	2,994	$	315	$	9,134	$	858
Mortgage-backed securities		31,771		4,052		97,382		20,084		129,153		24,136
Obligations of states and political subdivisions		6,065		422		—		—		6,065		422
Subordinated debt		2,431		319		1,080		170		3,511		489
	$	46,407	$	5,336	$	101,456	$	20,569	$	147,863	$	25,905
	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	December 31, 2021
	(in thousands)
Obligations of U.S. government corporations and agencies	$	2,616	$	37	$	—	$	—	$	2,616	$	37
Mortgage-backed securities	$	101,080	$	1,214	$	29,555	$	918	$	130,635	$	2,132
Subordinated debt		247		3		—		—		247		3
	$	103,943	$	1,254	$	29,555	$	918	$	133,498	$	2,172