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SECURITIES AVAILABLE FOR SALE (Tables) | 6 Months Ended
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Jun. 30, 2022
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
June 30, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 250,838 | ​ | $ | 126 | ​ | $ | (23,602) | ​ | $ | 227,362
US Government agency | ​ |  | 91,284 | ​ |  | 59 | ​ |  | (6,371) | ​ |  | 84,972
Private label | ​ |  | 76,132 | ​ |  | 36 | ​ |  | (4,257) | ​ |  | 71,911
Obligations of states and political subdivisions thereof | ​ |  | 128,407 | ​ |  | 5,752 | ​ |  | (18,192) | ​ |  | 115,967
Corporate bonds | ​ |  | 89,154 | ​ |  | 589 | ​ |  | (3,813) | ​ |  | 85,930
Total securities available for sale | ​ | $ | 635,815 | ​ | $ | 6,562 | ​ | $ | (56,235) | ​ | $ | 586,142
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 |  | $ | — | ​ | $ | —
Over 1 year to 5 years | ​ |  | 29,232 | ​ |  | 28,306
Over 5 years to 10 years | ​ |  | 52,870 | ​ |  | 56,054
Over 10 years | ​ |  | 135,459 | ​ |  | 117,537
Total bonds and obligations | ​ |  | 217,561 | ​ |  | 201,897
Mortgage-backed securities | ​ |  | 418,254 | ​ |  | 384,245
Total securities available for sale | ​ | $ | 635,815 | ​ | $ | 586,142
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Gross gains on sales of available for sale securities | ​ | $ | — | ​ | $ | 50 | ​ | $ | 9 | ​ | $ | 50
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Net gains on sale of available for sale securities | ​ | $ | — | ​ | $ | 50 | ​ | $ | 9 | ​ | $ | 50
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
June 30, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 15,205 | ​ | $ | 165,870 | ​ | $ | 8,397 | ​ | $ | 50,520 | ​ | $ | 23,602 | ​ | $ | 216,390
US Government agency | ​ |  | 5,160 | ​ |  | 67,111 | ​ |  | 1,211 | ​ |  | 9,803 | ​ |  | 6,371 | ​ |  | 76,914
Private label | ​ |  | 2,517 | ​ |  | 39,815 | ​ |  | 1,740 | ​ |  | 31,542 | ​ |  | 4,257 | ​ |  | 71,357
Obligations of states and political subdivisions thereof | ​ |  | 15,683 | ​ |  | 93,608 | ​ |  | 2,509 | ​ |  | 7,989 | ​ |  | 18,192 | ​ |  | 101,597
Corporate bonds | ​ |  | 3,155 | ​ |  | 51,276 | ​ |  | 658 | ​ |  | 6,592 | ​ |  | 3,813 | ​ |  | 57,868
Total securities available for sale | ​ | $ | 41,720 | ​ | $ | 417,680 | ​ | $ | 14,515 | ​ | $ | 106,446 | ​ | $ | 56,235 | ​ | $ | 524,126
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 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=123581744&loc=d3e27290-111563 + Details
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