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v3.23.2

SECURITIES AVAILABLE FOR SALE (Tables) | 6 Months Ended
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Jun. 30, 2023
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
June 30, 2023 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 237,839 | ​ | $ | 2 | ​ | $ | (34,081) | ​ | $ | 203,760
US Government agency | ​ |  | 89,021 | ​ |  | 4 | ​ |  | (12,002) | ​ |  | 77,023
Private label | ​ |  | 61,679 | ​ |  | 24 | ​ |  | (2,846) | ​ |  | 58,857
Obligations of states and political subdivisions thereof | ​ |  | 120,024 | ​ |  | 5,811 | ​ |  | (17,495) | ​ |  | 108,340
Corporate bonds | ​ |  | 101,498 | ​ |  | 33 | ​ |  | (11,333) | ​ |  | 90,198
Total securities available for sale | ​ | $ | 610,061 | ​ | $ | 5,874 | ​ | $ | (77,757) | ​ | $ | 538,178
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
December 31, 2022 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
US Government-sponsored enterprises | ​ | $ | 249,838 | ​ | $ | 14 | ​ | $ | (34,825) | ​ | $ | 215,027
US Government agency | ​ |  | 93,010 | ​ |  | 21 | ​ |  | (10,765) | ​ |  | 82,266
Private label | ​ |  | 64,056 | ​ |  | 34 | ​ |  | (3,936) | ​ |  | 60,154
Obligations of states and political subdivisions thereof | ​ |  | 121,939 | ​ |  | 7,149 | ​ |  | (21,351) | ​ |  | 107,737
Corporate bonds | ​ |  | 102,505 | ​ |  | 33 | ​ |  | (8,206) | ​ |  | 94,332
Total securities available for sale | ​ | $ | 631,348 | ​ | $ | 7,251 | ​ | $ | (79,083) | ​ | $ | 559,516
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 |  | $ | 3,195 | ​ | $ | 3,112
Over 1 year to 5 years | ​ |  | 36,271 | ​ |  | 33,518
Over 5 years to 10 years | ​ |  | 54,326 | ​ |  | 52,686
Over 10 years | ​ |  | 127,730 | ​ |  | 109,222
Total bonds and obligations | ​ |  | 221,522 | ​ |  | 198,538
Mortgage-backed securities | ​ |  | 388,539 | ​ |  | 339,640
Total securities available for sale | ​ | $ | 610,061 | ​ | $ | 538,178
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Gross gains on sales of available for sale securities | ​ | $ | — | ​ | $ | — | ​ | $ | 34 | ​ | $ | 9 | ​
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Net gains on sale of available for sale securities | ​ | $ | — | ​ | $ | — | ​ | $ | 34 | ​ | $ | 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
June 30, 2023 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 1,766 | ​ | $ | 33,148 | ​ | $ | 32,315 | ​ | $ | 169,804 | ​ | $ | 34,081 | ​ | $ | 202,952
US Government agency | ​ |  | 1,100 | ​ |  | 20,772 | ​ |  | 10,902 | ​ |  | 54,776 | ​ |  | 12,002 | ​ |  | 75,548
Private label | ​ |  | — | ​ |  | 26 | ​ |  | 2,846 | ​ |  | 58,807 | ​ |  | 2,846 | ​ |  | 58,833
Obligations of states and political subdivisions thereof | ​ |  | 200 | ​ |  | 9,792 | ​ |  | 17,295 | ​ |  | 95,851 | ​ |  | 17,495 | ​ |  | 105,643
Corporate bonds | ​ |  | 4,504 | ​ |  | 31,481 | ​ |  | 6,829 | ​ |  | 55,684 | ​ |  | 11,333 | ​ |  | 87,165
Total securities available for sale | ​ | $ | 7,570 | ​ | $ | 95,219 | ​ | $ | 70,187 | ​ | $ | 434,922 | ​ | $ | 77,757 | ​ | $ | 530,141
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Mortgage-backed securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | $ | 7,005 | ​ | $ | 82,483 | ​ | $ | 27,820 | ​ | $ | 127,745 | ​ | $ | 34,825 | ​ | $ | 210,228
US Government agency | ​ |  | 2,902 | ​ |  | 42,865 | ​ |  | 7,863 | ​ |  | 34,988 | ​ |  | 10,765 | ​ |  | 77,853
Private label | ​ |  | 841 | ​ |  | 15,694 | ​ |  | 3,095 | ​ |  | 44,396 | ​ |  | 3,936 | ​ |  | 60,090
Obligations of states and political subdivisions thereof | ​ |  | 7,990 | ​ |  | 48,799 | ​ |  | 13,361 | ​ |  | 55,702 | ​ |  | 21,351 | ​ |  | 104,501
Corporate bonds | ​ |  | 4,733 | ​ |  | 65,279 | ​ |  | 3,473 | ​ |  | 25,027 | ​ |  | 8,206 | ​ |  | 90,306
Total securities available for sale | ​ | $ | 23,471 | ​ | $ | 255,120 | ​ | $ | 55,612 | ​ | $ | 287,858 | ​ | $ | 79,083 | ​ | $ | 542,978

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