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v3.22.2.2

Investment Securities | 9 Months Ended
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Sep. 30, 2022
Investment Securities [Abstract] |
Investment Securities | Note 4 – Investment Securities The following tables provide information on the amortized cost and estimated fair values of debt securities. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | Estimated
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 22,065 | ​ | $ | 8 | ​ | $ | 3,759 | ​ | $ | 18,314
Mortgage-backed | ​ |  | 75,719 | ​ |  | 3 | ​ |  | 9,566 | ​ |  | 66,156
Other Debt securities | ​ | ​ | 2,020 | ​ | ​ | — | ​ | ​ | 143 | ​ | ​ | 1,877
Total | ​ | $ | 99,804 | ​ | $ | 11 | ​ | $ | 13,468 | ​ | $ | 86,347
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 22,932 | ​ | $ | 7 | ​ | $ | 634 | ​ | $ | 22,305
Mortgage-backed | ​ |  | 91,948 | ​ |  | 1,318 | ​ |  | 629 | ​ |  | 92,637
Other Debt securities | ​ |  | 2,026 | ​ |  | 14 | ​ |  | — | ​ |  | 2,040
Total | ​ | $ | 116,906 | ​ | $ | 1,339 | ​ | $ | 1,263 | ​ | $ | 116,982
​ No available for sale securities were sold during the three and nine months ended September 30, 2022 and 2021. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ Gross |  | ​ Gross |  | ​ Estimated
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value
Held-to-maturity securities: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 148,207 | ​ | $ | — | ​ | $ | 13,861 | ​ | $ | 134,346
Mortgage-backed | ​ | ​ | 410,705 | ​ | ​ | — | ​ | ​ | 55,042 | ​ | ​ | 355,663
States and political subdivisions | ​ |  | 807 | ​ |  | — | ​ |  | 24 | ​ |  | 783
Other debt securities | ​ |  | 11,000 | ​ |  | — | ​ |  | 647 | ​ |  | 10,353
Total | ​ | $ | 570,719 | ​ | $ | — | ​ | $ | 69,574 | ​ | $ | 501,145
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 87,072 | ​ | $ | 20 | ​ | $ | 1,231 | ​ | $ | 85,861
Mortgage-backed | ​ | ​ | 302,604 | ​ | ​ | 301 | ​ | ​ | 2,248 | ​ | ​ | 300,657
States and political subdivisions | ​ |  | 400 | ​ |  | 2 | ​ |  | — | ​ |  | 402
Other debt securities | ​ |  | 14,518 | ​ |  | 95 | ​ |  | 9 | ​ |  | 14,604
Total | ​ | $ | 404,594 | ​ | $ | 418 | ​ | $ | 3,488 | ​ | $ | 401,524
​ Equity securities with an aggregate fair value of $1.2 million at September 30, 2022 and $1.4 million at December 31, 2021 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $(145) thousand for the nine months ended September 30, 2022 and $(24) thousand for the nine months ended September 30, 2021, respectively. ​ The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2022 and December 31, 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than | ​ | More than | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 12 Months | ​ | 12 Months | ​ | Total
​ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
(Dollars in thousands) | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses
September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | — | ​ | $ | — | ​ | $ | 17,837 | ​ | $ | 3,759 | ​ | $ | 17,837 | ​ | $ | 3,759
Mortgage-backed | ​ |  | 28,663 | ​ |  | 1,809 | ​ |  | 37,083 | ​ |  | 7,757 | ​ |  | 65,746 | ​ |  | 9,566
Other debt securities | ​ | ​ | 1,877 | ​ | ​ | 143 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,877 | ​ | ​ | 143
Total | ​ | $ | 30,540 | ​ | $ | 1,952 | ​ | $ | 54,920 | ​ | $ | 11,516 | ​ | $ | 85,460 | ​ | $ | 13,468
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 4,861 | ​ | $ | 762 | ​ | $ | 129,485 | ​ | $ | 13,099 | ​ | $ | 134,346 | ​ | $ | 13,861
Mortgage-backed | ​ | ​ | 16,923 | ​ | ​ | 3,607 | ​ | ​ | 338,740 | ​ | ​ | 51,435 | ​ | ​ | 355,663 | ​ | ​ | 55,042
States and political subdivisions | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 783 | ​ | ​ | 24 | ​ | ​ | 783 | ​ | ​ | 24
Other debt securities | ​ | ​ | 6,240 | ​ | ​ | 260 | ​ | ​ | 4,113 | ​ | ​ | 387 | ​ | ​ | 10,353 | ​ | ​ | 647
Total | ​ | $ | 28,024 | ​ | $ | 4,629 | ​ | $ | 473,121 | ​ | $ | 64,945 | ​ | $ | 501,145 | ​ | $ | 69,574
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than | ​ | More than | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 12 Months | ​ | 12 Months | ​ | Total
​ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
(Dollars in thousands) | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 1,561 | ​ | $ | 1 | ​ | $ | 17,368 | ​ | $ | 633 | ​ | $ | 18,929 | ​ | $ | 634
Mortgage-backed | ​ |  | 39,851 | ​ |  | 593 | ​ |  | 3,562 | ​ |  | 36 | ​ |  | 43,413 | ​ |  | 629
Total | ​ | $ | 41,412 | ​ | $ | 594 | ​ | $ | 20,930 | ​ | $ | 669 | ​ | $ | 62,342 | ​ | $ | 1,263
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Held-to-maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agencies | ​ | $ | 64,268 | ​ | $ | 1,005 | ​ | $ | 11,719 | ​ | $ | 226 | ​ | $ | 75,987 | ​ | $ | 1,231
Mortgage-backed | ​ | ​ | 226,918 | ​ | ​ | 1,836 | ​ | ​ | 14,564 | ​ | ​ | 412 | ​ | ​ | 241,482 | ​ | ​ | 2,248
Other debt securities | ​ |  | 491 | ​ |  | 9 | ​ |  | — | ​ |  | — | ​ |  | 491 | ​ |  | 9
Total | ​ | $ | 291,677 | ​ | $ | 2,850 | ​ | $ | 26,283 | ​ | $ | 638 | ​ | $ | 317,960 | ​ | $ | 3,488
​ All of the securities with unrealized losses in the portfolio have modest duration risk, low credit risk, and minimal losses when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since original purchase and are not related to credit concerns. Because the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost basis, which may be at maturity for debt securities, the Company considers the unrealized losses to be temporary. There were one hundred twelve available-for-sale securities and one hundred ninety held-to-maturity securities in an unrealized loss position at September 30, 2022. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Available for sale | ​ | Held to maturity
​ |  | Amortized |  | ​ | ​ |  | Amortized |  | ​ | ​
(Dollars in thousands) | ​ | Cost | ​ | Fair Value | ​ | Cost | ​ | Fair Value
Due in one year or less | ​ | $ | 37 | ​ | $ | 37 | ​ | $ | 2,109 | ​ | $ | 2,053
Due after one year through five years | ​ |  | 5,220 | ​ |  | 5,009 | ​ |  | 91,463 | ​ |  | 86,186
Due after five years through ten years | ​ |  | 46,385 | ​ |  | 41,112 | ​ |  | 92,329 | ​ |  | 83,352
Due after ten years | ​ |  | 48,162 | ​ |  | 40,189 | ​ |  | 384,818 | ​ |  | 329,554
Total | ​ | $ | 99,804 | ​ | $ | 86,347 | ​ | $ | 570,719 | ​ | $ | 501,145
​ The maturity dates for debt securities are determined using contractual maturity dates. ​

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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