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SECURITIES AVAILABLE FOR SALE (Tables) | 3 Months Ended
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Mar. 31, 2022
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
March 31, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 244,419 | ​ | $ | 346 | ​ | $ | (15,419) | ​ | $ | 229,346
US Government agency | ​ |  | 84,662 | ​ |  | 218 | ​ |  | (3,648) | ​ |  | 81,232
Private label | ​ |  | 83,831 | ​ |  | 44 | ​ |  | (1,120) | ​ |  | 82,755
Obligations of states and political subdivisions thereof | ​ |  | 132,761 | ​ |  | 299 | ​ |  | (6,348) | ​ |  | 126,712
Corporate bonds | ​ |  | 84,501 | ​ |  | 1,010 | ​ |  | (1,646) | ​ |  | 83,865
Total securities available for sale | ​ | $ | 630,174 | ​ | $ | 1,917 | ​ | $ | (28,181) | ​ | $ | 603,910
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
December 31, 2021 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
US Government-sponsored enterprises | ​ | $ | 237,283 | ​ | $ | 2,289 | ​ | $ | (3,455) | ​ | $ | 236,117
US Government agency | ​ |  | 79,143 | ​ |  | 1,016 | ​ |  | (522) | ​ |  | 79,637
Private label | ​ |  | 68,691 | ​ |  | 142 | ​ |  | (138) | ​ |  | 68,695
Obligations of states and political subdivisions thereof | ​ |  | 140,585 | ​ |  | 1,489 | ​ |  | (298) | ​ |  | 141,776
Corporate bonds | ​ |  | 89,994 | ​ |  | 2,479 | ​ |  | (422) | ​ |  | 92,051
Total securities available for sale | ​ | $ | 615,696 | ​ | $ | 7,415 | ​ | $ | (4,835) | ​ | $ | 618,276
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 |  | $ | 2,000 | ​ | $ | 2,010
Over 1 year to 5 years | ​ |  | 27,036 | ​ |  | 26,909
Over 5 years to 10 years | ​ |  | 52,060 | ​ |  | 53,617
Over 10 years | ​ |  | 136,166 | ​ |  | 128,041
Total bonds and obligations | ​ |  | 217,262 | ​ |  | 210,577
Mortgage-backed securities | ​ |  | 412,912 | ​ |  | 393,333
Total securities available for sale | ​ | $ | 630,174 | ​ | $ | 603,910
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
(in thousands) |  | 2022 |  | 2021
Gross gains on sales of available for sale securities | ​ | $ | 9 | ​ | $ | —
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | —
Net gains on sale of available for sale securities | ​ | $ | 9 | ​ | $ | —
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
March 31, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 9,338 | ​ | $ | 157,458 | ​ | $ | 6,081 | ​ | $ | 55,590 | ​ | $ | 15,419 | ​ | $ | 213,048
US Government agency | ​ |  | 2,796 | ​ |  | 55,651 | ​ |  | 852 | ​ |  | 10,817 | ​ |  | 3,648 | ​ |  | 66,468
Private label | ​ |  | 955 | ​ |  | 65,942 | ​ |  | 165 | ​ |  | 16,112 | ​ |  | 1,120 | ​ |  | 82,054
Obligations of states and political subdivisions thereof | ​ |  | 4,930 | ​ |  | 94,258 | ​ |  | 1,418 | ​ |  | 9,105 | ​ |  | 6,348 | ​ |  | 103,363
Corporate bonds | ​ |  | 1,274 | ​ |  | 31,862 | ​ |  | 372 | ​ |  | 6,829 | ​ |  | 1,646 | ​ |  | 38,691
Total securities available for sale | ​ | $ | 19,293 | ​ | $ | 405,171 | ​ | $ | 8,888 | ​ | $ | 98,453 | ​ | $ | 28,181 | ​ | $ | 503,624
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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, 2021 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 1,589 | ​ | $ | 127,780 | ​ | $ | 1,866 | ​ | $ | 39,717 | ​ | $ | 3,455 | ​ | $ | 167,497
US Government agency | ​ |  | 381 | ​ |  | 32,628 | ​ |  | 141 | ​ |  | 4,548 | ​ |  | 522 | ​ |  | 37,176
Private label | ​ |  | 133 | ​ |  | 44,372 | ​ |  | 5 | ​ |  | 16 | ​ |  | 138 | ​ |  | 44,388
Obligations of states and political subdivisions thereof | ​ |  | 187 | ​ |  | 36,878 | ​ |  | 111 | ​ |  | 6,129 | ​ |  | 298 | ​ |  | 43,007
Corporate bonds | ​ |  | 94 | ​ |  | 21,358 | ​ |  | 328 | ​ |  | 11,922 | ​ |  | 422 | ​ |  | 33,280
Total securities available for sale | ​ | $ | 2,384 | ​ | $ | 263,016 | ​ | $ | 2,451 | ​ | $ | 62,332 | ​ | $ | 4,835 | ​ | $ | 325,348

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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=123581744&loc=d3e27290-111563 + Details
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