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SECURITIES AVAILABLE FOR SALE (Tables)

3 Months Ended

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