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SECURITIES AVAILABLE FOR SALE (Tables)

9 Months Ended

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