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SECURITIES (Tables)
9 Months Ended
Sep. 30, 2022
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities Available-for-sale
The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at September 30, 2022 and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive (loss) and gross unrecognized gains and losses:

Securities Available for Sale
 
Amortized
Cost
   
Gross Unrealized
Gains
   
Gross Unrealized
Losses
   
Estimated
Fair Value
 
September 30, 2022
                       
U.S. Government securities
 
$
45,988
   
$
   
$
(3,198
)
 
$
42,790
 
U.S. Government sponsored entity securities
   
21,344
     
     
(2,627
)
   
18,717
 
Agency mortgage-backed securities, residential
   
141,183
     
     
(17,846
)
   
123,337
 
Total securities
 
$
208,515
   
$
   
$
(23,671
)
 
$
184,844
 
                                 
December 31, 2021
                               
U.S. Government securities
 
$
20,182
   
$
   
$
(39
)
 
$
20,143
 
U.S. Government sponsored entity securities
   
25,980
     
109
     
(173
)
   
25,916
 
Agency mortgage-backed securities, residential
   
129,942
     
1,476
     
(477
)
   
130,941
 
Total securities
 
$
176,104
   
$
1,585
   
$
(689
)
 
$
177,000
 
Amortized Cost and Fair Value of Securities Held-to-maturity
Securities Held to Maturity
 
Amortized
Cost
   
Gross Unrecognized
Gains
   
Gross Unrecognized
Losses
   
Estimated
Fair Value
 
September 30, 2022
                       
Obligations of states and political subdivisions
 
$
9,641
   
$
30
   
$
(1,017
)
 
$
8,654
 
Agency mortgage-backed securities, residential
   
1
     
     
     
1
 
Total securities
 
$
9,642
   
$
30
   
$
(1,017
)
 
$
8,655
 
                                 
December 31, 2021
                               
Obligations of states and political subdivisions
 
$
10,292
   
$
200
   
$
(44
)
 
$
10,448
 
Agency mortgage-backed securities, residential
   
2
     
     
     
2
 
Total securities
 
$
10,294
   
$
200
   
$
(44
)
 
$
10,450
 
Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and estimated fair value of debt securities at September 30, 2022, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities.  Securities not due at a single maturity are shown separately.

 
Available for Sale
   
Held to Maturity
 
 
Debt Securities:
 
Amortized
Cost
   
Estimated
Fair Value
   
Amortized
Cost
   
Estimated
Fair Value
 
                         
Due in one year or less
 
$
1,998
   
$
1,987
   
$
359
   
$
360
 
Due in over one to five years
   
60,334
     
55,264
     
3,522
     
3,376
 
Due in over five to ten years
   
5,000
     
4,256
     
3,022
     
2,718
 
Due after ten years
   
     
     
2,738
     
2,200
 
Agency mortgage-backed securities, residential
   
141,183
     
123,337
     
1
     
1
 
Total debt securities
 
$
208,515
   
$
184,844
   
$
9,642
   
$
8,655
 
Securities with Unrealized Losses in Continuous Unrealized Loss Position
The following table summarizes securities with unrealized losses at September 30, 2022 and December 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position:

September 30, 2022
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
U.S. Government securities
 
$
42,790
   
$
(3,198
)
 
$
   
$
   
$
42,790
   
$
(3,198
)
U.S. Government sponsored entity securities
   
8,017
     
(827
)
   
10,700
     
(1,800
)
   
18,717
     
(2,627
)
Agency mortgage-backed securities,
                                               
   residential
   
87,082
     
(11,001
)
   
36,255
     
(6,845
)
   
123,337
     
(17,846
)
Total available for sale
 
$
137,889
   
$
(15,026
)
 
$
46,955
   
$
(8,645
)
 
$
184,844
   
$
(23,671
)

December 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
U.S. Government securities
 
$
20,143
   
$
(39
)
 
$
   
$
   
$
20,143
   
$
(39
)
U.S Government sponsored entity securities
   
18,307
     
(173
)
   
     
     
18,307
     
(173
)
Agency mortgage-backed securities,
                                               
   residential
   
64,560
     
(477
)
   
     
     
64,560
     
(477
)
Total available for sale
 
$
103,010
   
$
(689
)
 
$
   
$
   
$
103,010
   
$
(689
)

September 30, 2022
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
 
Securities Held to Maturity
                                   
Obligations of states and political subdivisions
 
$
5,206
   
$
(652
)
 
$
1,660
   
$
(365
)
 
$
6,866
   
$
(1,017
)
Total held to maturity
 
$
5,206
   
$
(652
)
 
$
1,660
   
$
(365
)
 
$
6,866
   
$
(1,017
)

December 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
 
Securities Held to Maturity
                                   
Obligations of states and political subdivisions
 
$
2,617
   
$
(38
)
 
$
130
   
$
(6
)
 
$
2,747
   
$
(44
)
Total held to maturity
 
$
2,617
   
$
(38
)
 
$
130
   
$
(6
)
 
$
2,747
   
$
(44
)