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SECURITIES AVAILABLE FOR SALE (Tables) | 9 Months Ended
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Sep. 30, 2021
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
September 30, 2021 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 181,821 | ​ | $ | 3,386 | ​ | $ | (1,939) | ​ | $ | 183,268
US Government agency | ​ |  | 53,475 | ​ |  | 1,470 | ​ |  | (239) | ​ |  | 54,706
Private label | ​ |  | 62,843 | ​ |  | 185 | ​ |  | (114) | ​ |  | 62,914
Obligations of states and political subdivisions thereof | ​ |  | 158,914 | ​ |  | 2,090 | ​ |  | (827) | ​ |  | 160,177
Corporate bonds | ​ |  | 82,533 | ​ |  | 2,376 | ​ |  | (647) | ​ |  | 84,262
Total securities available for sale | ​ | $ | 539,586 | ​ | $ | 9,507 | ​ | $ | (3,766) | ​ | $ | 545,327
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
December 31, 2020 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
US Government-sponsored enterprises | ​ | $ | 206,834 | ​ | $ | 6,018 | ​ | $ | (462) | ​ | $ | 212,390
US Government agency | ​ |  | 82,878 | ​ |  | 2,870 | ​ |  | (116) | ​ |  | 85,632
Private label | ​ |  | 19,810 | ​ |  | 40 | ​ |  | (141) | ​ |  | 19,709
Obligations of states and political subdivisions thereof | ​ |  | 164,766 | ​ |  | 4,244 | ​ |  | (6) | ​ |  | 169,004
Corporate bonds | ​ |  | 97,689 | ​ |  | 1,465 | ​ |  | (843) | ​ |  | 98,311
Total securities available for sale | ​ | $ | 571,977 | ​ | $ | 14,637 | ​ | $ | (1,568) | ​ | $ | 585,046
Schedule of Amortized Cost and Estimated Fair Value of Available for Sale (AFS) Securities, Segregated by Contractual Maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Available for sale
(in thousands) |  | Amortized Cost |  | Fair Value
Within 1 year |  | $ | 11,755 | ​ | $ | 11,664
Over 1 year to 5 years | ​ |  | 23,313 | ​ |  | 23,863
Over 5 years to 10 years | ​ |  | 48,500 | ​ |  | 47,493
Over 10 years | ​ |  | 157,879 | ​ |  | 161,419
Total bonds and obligations | ​ |  | 241,447 | ​ |  | 244,439
Mortgage-backed securities | ​ |  | 298,139 | ​ |  | 300,888
Total securities available for sale | ​ | $ | 539,586 | ​ | $ | 545,327
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(in thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Gross gains on sales of available for sale securities | ​ | $ | 1,980 | ​ | $ | — | ​ | $ | 2,030 | ​ | $ | 1,508
Gross losses on sales of available for sale securities | ​ |  | (50) | ​ |  | — | ​ |  | (50) | ​ |  | (22)
Net gains on sale of available for sale securities | ​ | $ | 1,930 | ​ | $ | — | ​ | $ | 1,980 | ​ | $ | 1,486
Schedule of Securities with Unrealized Losses, Segregated by the Duration of Continuous Unrealized Loss Positions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than Twelve Months | ​ | Over Twelve Months | ​ | Total
​ | ​ | Gross |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​
​ | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair
(in thousands) |  | Losses |  | Value |  | Losses |  | Value |  | Losses |  | Value
September 30, 2021 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 1,408 | ​ | $ | 77,412 | ​ | $ | 531 | ​ | $ | 16,618 | ​ | $ | 1,939 | ​ | $ | 94,030
US Government agency | ​ |  | 130 | ​ |  | 10,488 | ​ |  | 109 | ​ |  | 4,729 | ​ |  | 239 | ​ |  | 15,217
Private label | ​ |  | 109 | ​ |  | 42,852 | ​ |  | 5 | ​ |  | 17 | ​ |  | 114 | ​ |  | 42,869
Obligations of states and political subdivisions thereof | ​ |  | 827 | ​ |  | 48,355 | ​ |  | — | ​ |  | — | ​ |  | 827 | ​ |  | 48,355
Corporate bonds | ​ |  | 14 | ​ |  | 2,486 | ​ |  | 633 | ​ |  | 11,617 | ​ |  | 647 | ​ |  | 14,103
Total securities available for sale | ​ | $ | 2,488 | ​ | $ | 181,593 | ​ | $ | 1,278 | ​ | $ | 32,981 | ​ | $ | 3,766 | ​ | $ | 214,574
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than Twelve Months | ​ | Over Twelve Months | ​ | Total
​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross |  | ​ | ​
​ | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair
(in thousands) | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value
December 31, 2020 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 209 | ​ | $ | 40,285 | ​ | $ | 253 | ​ | $ | 4,323 | ​ | $ | 462 | ​ | $ | 44,608
US Government agency | ​ |  | 45 | ​ |  | 6,776 | ​ |  | 71 | ​ |  | 3,297 | ​ |  | 116 | ​ |  | 10,073
Private label | ​ |  | — | ​ |  | — | ​ |  | 141 | ​ |  | 19,514 | ​ |  | 141 | ​ |  | 19,514
Obligations of states and political subdivisions thereof | ​ |  | 6 | ​ |  | 5,577 | ​ |  | — | ​ |  | — | ​ |  | 6 | ​ |  | 5,577
Corporate bonds | ​ |  | 555 | ​ |  | 21,774 | ​ |  | 288 | ​ |  | 11,712 | ​ |  | 843 | ​ |  | 33,486
Total securities available for sale | ​ | $ | 815 | ​ | $ | 74,412 | ​ | $ | 753 | ​ | $ | 38,846 | ​ | $ | 1,568 | ​ | $ | 113,258

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- 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 + Details
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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 + Details
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