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Investment Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Securities

The table below presents the balances of securities available-for-sale

measured at fair value on a recurring basis. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of debt and equity securities are summarized as follows:

			December 31, 2021
(In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
State and political subdivisions			$	359,187					$	12,931					$	(990)					$	371,128
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises			170,711						135						(2,200)						168,646
Corporate bonds			84,538						72						(272)						84,338
Asset backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises			49,835						—						(494)						49,341
Total			$	664,271					$	13,138					$	(3,956)					$	673,453

			December 31, 2020
(In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
State and political subdivisions			$	287,059					$	18,915					$	—					$	305,974
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises			50,988						764						—						51,752
Total			$	338,047					$	19,679					$	—					$	357,726

Schedule of Unrealized Loss on Investments

The fair values of securities with unrealized losses are as follows:

			December 31, 2021
			Less than 12 months												12 months or more												Total
(In thousands)			Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses
State and political subdivisions			$	60,083					$	990					$	—					$	—					$	60,083					$	990
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises			163,652						2,200						—						—						163,652						2,200
Corporate bonds			55,120						272						—			—									55,120						272
Asset backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises			49,341						494						—						—						49,341						494
Total			$	328,196					$	3,956					$	—					$	—					$	328,196					$	3,956

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The amortized cost and fair value of debt and equity securities by

contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties.

			December 31, 2021
(In thousands)			Amortized Cost						Fair Value
Due in 1 year or less			$	23,959					$	24,211
Due after 1 year through 5 years			117,319						122,329
Due after 5 years through 10 years			224,344						231,142
Due after 10 years			298,649						295,771
Total			$	664,271					$	673,453

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
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-SubTopic 30
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