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Investments in Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments in Securities

Investment Securities


		December 31, 2020
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)

Agency mortgage-backed securities		$	151,106		$	19,665		$	831		$	169,940
Agency collateralized mortgage obligations			168,472			8,524			375			176,621
States and political subdivisions securities			45,196			2,135			6			47,325
Small Business Administration securities			20,033			1,014			—			21,047

		$	384,807		$	31,338		$	1,212		$	414,933


		December 31, 2019
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)

Agency mortgage-backed securities		$	156,591		$	8,716		$	265		$	165,042
Agency collateralized mortgage obligations			149,980			2,891			921			151,950
States and political subdivisions securities			33,757			1,368			—			35,125
Small Business Administration securities			22,132			—			74			22,058

		$	362,460		$	12,975		$	1,260		$	374,175

Investments Classified by Contractual Maturity Date


		Amortized			Fair
		Cost			Value

		(In Thousands)

After one through five years		$	—		$	—
After five through ten years			8,672			9,251
After ten years			36,524			38,074
Securities not due on a single maturity date			339,611			367,608
		$	384,807		$	414,933

Schedule of Financial Instruments Owned and Pledged as Collateral


		2020						2019
		Amortized			Fair			Amortized			Fair
		Cost			Value			Cost			Value

		(In Thousands)

Public deposits		$	5,674		$	5,962		$	8,578		$	8,913
Collateralized borrowing accounts			188,309			201,818			122,771			129,643
Other			6,413			6,819			7,021			7,107
		$	200,396		$	214,599		$	138,370		$	145,663

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value


		2020
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses

		(In Thousands)

Agency mortgage-backed securities		$	10,279		$	(831)		$	—		$	—		$	10,279		$	(831)
Agency collateralized mortgage obligations			12,727			(375)			—			—			12,727			(375)
Small Business Administration securities			—			—			—			—			—			—
States and political subdivisions securities			1,164			(6)			—			—			1,164			(6)

		$	24,170		$	(1,212)		$	—		$	—		$	24,170		$	(1,212)


		2019
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses

		(In Thousands)

Agency mortgage-backed securities		$	—		$	—		$	24,762		$	(265)		$	24,762		$	(265)
Agency collateralized mortgage obligations			69,372			(921)			—			—			69,372			(921)
Small Business Administration securities			22,058			(74)			—			—			22,058			(74)
States and political subdivisions securities			—			—			—			—			—			—

		$	91,430		$	(995)		$	24,762		$	(265)		$	116,192		$	(1,260)