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INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

INVESTMENT SECURITIES

Schedule of investment securities


		September 30, 2022
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	331,657		$	—		$	43,402		$	288,255
Agency collateralized mortgage obligations			81,907			—			11,131			70,776
States and political subdivisions			68,089			11			5,771			62,329
Small Business Administration securities			68,148			—			6,701			61,447
		$	549,801		$	11		$	67,005		$	482,807


		December 31, 2021
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value

		(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	219,624		$	10,561		$	744		$	229,441
Agency collateralized mortgage obligations			204,332			2,443			2,498			204,277
States and political subdivisions			38,440			1,618			43			40,015
Small Business Administration securities			26,802			497			—			27,299
		$	489,198		$	15,119		$	3,285		$	501,032

Schedule of amortized cost and fair values of securities


		September 30, 2022
								Amortized			Gross			Gross
		Amortized			Fair Value			Carrying			Unrealized			Unrealized			Fair
		Cost			Adjustment			Value			Gains			Losses			Value

		(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	74,140		$	3,161		$	77,301		$	—		$	10,353		$	66,948
Agency collateralized mortgage obligations			126,054			(3,107)			122,947			—			14,658			108,289
States and political subdivisions			6,252			(15)			6,237			—			1,063			5,174
		$	206,446		$	39		$	206,485		$	—		$	26,074		$	180,411

Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity


		Available-for-Sale						Held-to-Maturity
		Amortized			Fair			Amortized			Fair
		Cost			Value			Carrying Value			Value

		(In Thousands)
One year or less		$	—		$	—		$	—		$	—
After one through two years			—			—			—			—
After two through three years			—			—			—			—
After three through four years			—			—			—			—
After four through five years			2,287			2,264			—			—
After five through fifteen years			11,955			11,455			2,577			2,108
After fifteen years			53,847			48,610			3,660			3,066
Securities not due on a single maturity date			481,712			420,478			200,248			175,237
		$	549,801		$	482,807		$	206,485		$	180,411

Schedule of fair value and unrealized loss for available-for-sale securities and held-to-maturity securities

		September 30, 2022
		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)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	281,226		$	(42,158)		$	7,027		$	(1,244)		$	288,253		$	(43,402)
Agency collateralized mortgage obligations			38,814			(4,581)			31,962			(6,550)			70,776			(11,131)
States and political subdivisions securities			59,847			(5,564)			1,236			(207)			61,083			(5,771)
Small Business Administration securities			61,447			(6,701)			—			—			61,447			(6,701)

		$	441,334		$	(59,004)		$	40,225		$	(8,001)		$	481,559		$	(67,005)

		September 30, 2022
		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)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities		$	59,095			(8,249)			7,852			(2,104)			66,947			(10,353)
Agency collateralized mortgage obligations			62,540			(6,614)			45,750			(8,044)			108,290			(14,658)
States and political subdivisions securities			1,761			(301)			3,413			(762)			5,174			(1,063)

		$	123,396		$	(15,164)		$	57,015		$	(10,910)		$	180,411		$	(26,074)


		December 31, 2021
		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)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities		$	47,769		$	(388)		$	10,583		$	(356)		$	58,352		$	(744)
Agency collateralized mortgage obligations			92,727			(1,588)			16,298			(910)			109,025			(2,498)
States and political subdivisions securities			6,537			(43)			—			—			6,537			(43)

		$	147,033		$	(2,019)		$	26,881		$	(1,266)		$	173,914		$	(3,285)