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SECURITIES AVAILABLE FOR SALE (Tables) | 3 Months Ended
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Mar. 31, 2024
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
March 31, 2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Obligations of US Government-sponsored enterprises | ​ | $ | 1,718 | ​ | $ | — | ​ | $ | (31) | ​ | $ | 1,687
Mortgage-backed securities and collateralized mortgage obligations: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | ​ | 218,631 | ​ | ​ | 4 | ​ | ​ | (32,811) | ​ | ​ | 185,824
US Government agency | ​ |  | 87,527 | ​ |  | 79 | ​ |  | (11,424) | ​ |  | 76,182
Private label | ​ |  | 60,520 | ​ |  | 18 | ​ |  | (1,506) | ​ |  | 59,032
Obligations of states and political subdivisions thereof | ​ |  | 118,605 | ​ |  | 5,425 | ​ |  | (15,924) | ​ |  | 108,106
Corporate bonds | ​ |  | 105,550 | ​ |  | 1 | ​ |  | (8,779) | ​ |  | 96,772
Total securities available for sale | ​ | $ | 592,551 | ​ | $ | 5,527 | ​ | $ | (70,475) | ​ | $ | 527,603
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
December 31, 2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Debt securities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Obligations of US Government-sponsored enterprises | ​ | $ | 2,021 | ​ | $ | — | ​ | $ | (29) | ​ | $ | 1,992
Mortgage-backed securities and collateralized mortgage obligations: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
US Government-sponsored enterprises | ​ | ​ | 223,602 | ​ | ​ | 12 | ​ | ​ | (30,332) | ​ | ​ | 193,282
US Government agency | ​ |  | 85,005 | ​ |  | 145 | ​ |  | (10,937) | ​ |  | 74,213
Private label | ​ |  | 60,888 | ​ |  | 18 | ​ |  | (1,855) | ​ |  | 59,051
Obligations of states and political subdivisions thereof | ​ |  | 119,857 | ​ |  | 4,515 | ​ |  | (14,204) | ​ |  | 110,168
Corporate bonds | ​ |  | 105,552 | ​ |  | 19 | ​ |  | (9,703) | ​ |  | 95,868
Total securities available for sale | ​ | $ | 596,925 | ​ | $ | 4,709 | ​ | $ | (67,060) | ​ | $ | 534,574
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 |  | $ | 4,024 | ​ | $ | 4,024
Over 1 year to 5 years | ​ |  | 52,916 | ​ |  | 49,626
Over 5 years to 10 years | ​ |  | 42,276 | ​ |  | 43,158
Over 10 years | ​ |  | 126,657 | ​ |  | 109,757
Total bonds and obligations | ​ |  | 225,873 | ​ |  | 206,565
Mortgage-backed securities and collateralized mortgage obligations | ​ |  | 366,678 | ​ |  | 321,038
Total securities available for sale | ​ | $ | 592,551 | ​ | $ | 527,603
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(in thousands) |  | 2024 |  | 2023
Gross gains on sales of available for sale securities | ​ | $ | — | ​ | $ | 34
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | —
Net gains on sale of available for sale securities | ​ | $ | — | ​ | $ | 34
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, 2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Obligations of US Government-sponsored enterprises | ​ | $ | 1 | ​ | $ | 865 | ​ | $ | 30 | ​ | $ | 823 | ​ | $ | 31 | ​ | $ | 1,688
Mortgage-backed securities and collateralized mortgage obligations: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | ​ | 50 | ​ | ​ | 3,071 | ​ | ​ | 32,761 | ​ | ​ | 182,199 | ​ | ​ | 32,811 | ​ | ​ | 185,270
US Government agency | ​ |  | 62 | ​ |  | 6,901 | ​ |  | 11,362 | ​ |  | 66,391 | ​ |  | 11,424 | ​ |  | 73,292
Private label | ​ |  | 1 | ​ |  | 23 | ​ |  | 1,505 | ​ |  | 57,494 | ​ |  | 1,506 | ​ |  | 57,517
Obligations of states and political subdivisions thereof | ​ |  | 26 | ​ |  | 4,922 | ​ |  | 15,898 | ​ |  | 100,867 | ​ |  | 15,924 | ​ |  | 105,789
Corporate bonds | ​ |  | 70 | ​ |  | 6,952 | ​ |  | 8,709 | ​ |  | 88,789 | ​ |  | 8,779 | ​ |  | 95,741
Total securities available for sale | ​ | $ | 210 | ​ | $ | 22,734 | ​ | $ | 70,265 | ​ | $ | 496,563 | ​ | $ | 70,475 | ​ | $ | 519,297
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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, 2023 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Obligations of US Government-sponsored enterprises | ​ | $ | 1 | ​ | $ | 1,084 | ​ | $ | 28 | ​ | $ | 907 | ​ | $ | 29 | ​ | $ | 1,991
Mortgage-backed securities and collateralized mortgage obligations: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | ​ | 10 | ​ | ​ | 3,439 | ​ | ​ | 30,322 | ​ | ​ | 188,611 | ​ | ​ | 30,332 | ​ | ​ | 192,050
US Government agency | ​ |  | 2 | ​ |  | 120 | ​ |  | 10,935 | ​ |  | 68,891 | ​ |  | 10,937 | ​ |  | 69,011
Private label | ​ |  | — | ​ |  | 26 | ​ |  | 1,855 | ​ |  | 59,007 | ​ |  | 1,855 | ​ |  | 59,033
Obligations of states and political subdivisions thereof | ​ |  | 26 | ​ |  | 3,099 | ​ |  | 14,178 | ​ |  | 101,036 | ​ |  | 14,204 | ​ |  | 104,135
Corporate bonds | ​ |  | 156 | ​ |  | 4,913 | ​ |  | 9,547 | ​ |  | 84,950 | ​ |  | 9,703 | ​ |  | 89,863
Total securities available for sale | ​ | $ | 195 | ​ | $ | 12,681 | ​ | $ | 66,865 | ​ | $ | 503,402 | ​ | $ | 67,060 | ​ | $ | 516,083

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