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SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

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