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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

Debt securities available-for-sale ("AFS") at September 30, 2022 and December 31, 2021 are as follows:

			September 30, 2022																								December 31, 2021
			Amortized						Unrealized												Fair						Amortized						Unrealized												Fair
			Cost						Gains						Losses						Value						Cost						Gains						Losses						Value
U.S. Government sponsored entities			$	3,166					$	0					$	(88)					$	3,078					$	110,788					$	2,728					$	(1,768)					$	111,748
State & political subdivisions			114,082						24						(18,124)						95,982						103,232						2,162						(1,682)						103,712
Residential & multi-family mortgage			263,957						2						(41,163)						222,796						437,021						4,127						(6,513)						434,635
Corporate notes & bonds			47,103						0						(4,649)						42,454						28,257						250						(443)						28,064
Pooled SBA			15,208						0						(1,282)						13,926						18,787						283						(38)						19,032
Total			$	443,516					$	26					$	(65,306)					$	378,236					$	698,085					$	9,550					$	(10,444)					$	697,191

Information pertaining to security sales on AFS securities is as follows:

			Proceeds						Gross Gains						Gross Losses
Three months ended September 30, 2022			$	0					$	0					$	0
Three months ended September 30, 2021			0						0						0
Nine months ended September 30, 2022			22,164						651						0
Nine months ended September 30, 2021			0						0						0

Schedule of Debt Securities Held-to-maturities

Debt securities held-to-maturity ("HTM") at September 30, 2022 and December 31, 2021 are as follows:

			September 30, 2022																								December 31, 2021
			Amortized						Unrealized												Fair						Amortized						Unrealized												Fair
			Cost						Gains						Losses						Value						Cost						Gains						Losses						Value
U.S. Government sponsored entities			$	307,672					$	0					$	(28,325)					$	279,347					$	0					$	0					$	0					$	0
Residential & multi-family mortgage			100,537						0						(10,782)						89,755						0						0						0						0
Total			$	408,209					$	0					$	(39,107)					$	369,102					$	0					$	0					$	0					$	0

HTM debt securities with unrealized losses at September 30, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

September 30, 2022

			Less than 12 Months												12 Months or More												Total
Description of Securities			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
U.S. Government sponsored entities			$	225,598					$	(20,668)					$	53,749					$	(7,657)					$	279,347					$	(28,325)
Residential & multi-family mortgage			45,766						(4,417)						43,989						(6,365)						89,755						(10,782)
			$	271,364					$	(25,085)					$	97,738					$	(14,022)					$	369,102					$	(39,107)

December 31, 2021

			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
U.S. Government sponsored entities			$	0					$	0					$	0					$	0					$	0					$	0
Residential & multi-family mortgage			0						0						0						0						0						0
			$	0					$	0					$	0					$	0					$	0					$	0

Schedule of Maturity Distribution of Debt Securities at Amortized Cost and Fair Value

The table below illustrates the maturity distribution of debt securities at amortized cost and fair value as of September 30, 2022:

			Available-for-sale												Held-to-maturity
			Amortized Cost						Fair Value						Amortized Cost						Fair Value
1 year or less			$	4,744					$	4,722					$	5,092					$	4,972
1 year – 5 years			40,445						38,367						242,851						224,129
5 years – 10 years			91,164						77,651						54,242						45,773
After 10 years			27,998						20,774						5,487						4,473
			164,351						141,514						307,672						279,347
Residential & multi-family mortgage			263,957						222,796						100,537						89,755
Pooled SBA			15,208						13,926						0						0
Total debt securities			$	443,516					$	378,236					$	408,209					$	369,102

Available-for-sale Securities with Unrealized Loss Position

AFS debt securities with unrealized losses at September 30, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

September 30, 2022

			Less than 12 Months												12 Months or More												Total
Description of Securities			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
U.S. Government sponsored entities			$	3,078					$	(88)					$	0					$	0					$	3,078					$	(88)
State & political subdivisions			44,052						(5,329)						45,418						(12,795)						89,470						(18,124)
Residential & multi-family mortgage			78,017						(7,116)						144,421						(34,047)						222,438						(41,163)
Corporate notes & bonds			34,567						(3,750)						6,887						(899)						41,454						(4,649)
Pooled SBA			11,334						(955)						2,592						(327)						13,926						(1,282)
			$	171,048					$	(17,238)					$	199,318					$	(48,068)					$	370,366					$	(65,306)

December 31, 2021

			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
U.S. Government sponsored entities			$	23,733					$	(553)					$	37,911					$	(1,215)					$	61,644					$	(1,768)
State & political subdivisions			55,636						(1,399)						5,026						(283)						60,662						(1,682)
Residential & multi-family mortgage			248,690						(4,837)						45,185						(1,676)						293,875						(6,513)
Corporate notes & bonds			6,466						(249)						3,806						(194)						10,272						(443)
Pooled SBA			4,394						(37)						127						(1)						4,521						(38)
			$	338,919					$	(7,075)					$	92,055					$	(3,369)					$	430,974					$	(10,444)

Trading Securities

Equity securities at September 30, 2022 and December 31, 2021 are as follows:

			September 30, 2022						December 31, 2021
Corporate equity securities			$	5,995					$	6,715
Mutual funds			2,582						2,566
Certificates of deposit			0						506
Corporate notes and bonds			658						579
Total			$	9,235					$	10,366

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