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v3.22.2.2

SECURITIES AVAILABLE FOR SALE (Tables) | 9 Months Ended
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Sep. 30, 2022
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
September 30, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 252,369 | ​ | $ | 4 | ​ | $ | (36,349) | ​ | $ | 216,024
US Government agency | ​ |  | 93,643 | ​ |  | 11 | ​ |  | (10,128) | ​ |  | 83,526
Private label | ​ |  | 72,484 | ​ |  | 34 | ​ |  | (5,749) | ​ |  | 66,769
Obligations of states and political subdivisions thereof | ​ |  | 123,350 | ​ |  | 9,205 | ​ |  | (27,903) | ​ |  | 104,652
Corporate bonds | ​ |  | 91,512 | ​ |  | 26 | ​ |  | (5,757) | ​ |  | 85,781
Total securities available for sale | ​ | $ | 633,358 | ​ | $ | 9,280 | ​ | $ | (85,886) | ​ | $ | 556,752
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 |  | $ | 195 | ​ | $ | 196
Over 1 year to 5 years | ​ |  | 30,292 | ​ |  | 28,426
Over 5 years to 10 years | ​ |  | 49,666 | ​ |  | 55,025
Over 10 years | ​ |  | 134,709 | ​ |  | 106,786
Total bonds and obligations | ​ |  | 214,862 | ​ |  | 190,433
Mortgage-backed securities | ​ |  | 418,496 | ​ |  | 366,319
Total securities available for sale | ​ | $ | 633,358 | ​ | $ | 556,752
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Gross gains on sales of available for sale securities | ​ | $ | 142 | ​ | $ | 1,980 | ​ | $ | 151 | ​ | $ | 2,030
Gross losses on sales of available for sale securities | ​ |  | (98) | ​ |  | (50) | ​ |  | (98) | ​ |  | (50)
Net gains on sale of available for sale securities | ​ | $ | 44 | ​ | $ | 1,930 | ​ | $ | 53 | ​ | $ | 1,980
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, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 18,262 | ​ | $ | 139,219 | ​ | $ | 18,087 | ​ | $ | 76,291 | ​ | $ | 36,349 | ​ | $ | 215,510
US Government agency | ​ |  | 6,591 | ​ |  | 64,575 | ​ |  | 3,537 | ​ |  | 17,021 | ​ |  | 10,128 | ​ |  | 81,596
Private label | ​ |  | 3,466 | ​ |  | 35,740 | ​ |  | 2,283 | ​ |  | 30,994 | ​ |  | 5,749 | ​ |  | 66,734
Obligations of states and political subdivisions thereof | ​ |  | 20,425 | ​ |  | 78,085 | ​ |  | 7,478 | ​ |  | 21,373 | ​ |  | 27,903 | ​ |  | 99,458
Corporate bonds | ​ |  | 3,770 | ​ |  | 65,251 | ​ |  | 1,987 | ​ |  | 16,763 | ​ |  | 5,757 | ​ |  | 82,014
Total securities available for sale | ​ | $ | 52,514 | ​ | $ | 382,870 | ​ | $ | 33,372 | ​ | $ | 162,442 | ​ | $ | 85,886 | ​ | $ | 545,312
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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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