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SECURITIES AVAILABLE FOR SALE (Tables)
 6 Months Ended
Jun. 30, 2024
SECURITIES AVAILABLE FOR SALE  
Summary of Securities Available for Sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

​

Gross

​

​

​

​

​

​

​

​

 Unrealized

​

 Unrealized

​

​

​

(in thousands)

    

Amortized Cost

    

 Gains

    

 Losses

    

Fair Value

June 30, 2024

 

​

  

 

​

  

 

​

  

 

​

  

Debt securities:

 

​

  

 

​

  

 

​

  

 

​

  

Obligations of US Government-sponsored enterprises

​

$

1,677

​

$

2

​

$

(29)

​

$

1,650

Mortgage-backed securities and collateralized mortgage obligations:

 

​

  

 

​

  

 

​

  

 

​

  

US Government-sponsored enterprises

​

​

215,288

​

​

1

​

​

(33,118)

​

​

182,171

US Government agency

​

 

98,099

​

 

58

​

 

(11,850)

​

 

86,307

Private label

​

 

46,975

​

 

22

​

 

(1,266)

​

 

45,731

Obligations of states and political subdivisions thereof

​

 

117,397

​

 

5,342

​

 

(16,337)

​

 

106,402

Corporate bonds

​

 

101,947

​

 

126

​

 

(11,406)

​

 

90,667

Total securities available for sale

​

$

581,383

​

$

5,551

​

$

(74,006)

​

$

512,928

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

 

$

1,011

​

$

651

Over 1 year to 5 years

​

 

52,527

​

 

46,808

Over 5 years to 10 years

​

 

42,338

​

 

43,408

Over 10 years

​

 

125,145

​

 

107,852

Total bonds and obligations

​

 

221,021

​

 

198,719

Mortgage-backed securities and collateralized mortgage obligations

​

 

360,362

​

 

314,209

Total securities available for sale

​

$

581,383

​

$

512,928
Schedule of Gains and Losses from Sale of AFS Securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

(in thousands)

    

2024

    

2023

    

2024

    

2023

    

Gross gains on sales of available for sale securities

​

$

50

​

$

—

​

$

50

​

$

34

​

Gross losses on sales of available for sale securities

​

 

—

​

 

—

​

 

—

​

 

—

​

Net gains on sale of available for sale securities

​

$

50

​

$

—

​

$

50

​

$

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

June 30, 2024

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Debt securities:

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Obligations of US Government-sponsored enterprises

​

$

—

​

$

—

​

$

29

​

$

787

​

$

29

​

$

787

Mortgage-backed securities and collateralized mortgage obligations:

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

US Government-sponsored enterprises

​

​

16

​

​

3,530

​

​

33,102

​

​

178,525

​

​

33,118

​

​

182,055

US Government agency

​

 

259

​

 

16,520

​

 

11,591

​

 

63,968

​

 

11,850

​

 

80,488

Private label

​

 

6

​

 

1,487

​

 

1,260

​

 

39,221

​

 

1,266

​

 

40,708

Obligations of states and political subdivisions thereof

​

 

59

​

 

4,133

​

 

16,278

​

 

99,933

​

 

16,337

​

 

104,066

Corporate bonds

​

 

521

​

 

6,931

​

 

10,885

​

 

80,612

​

 

11,406

​

 

87,543

Total securities available for sale

​

$

861

​

$

32,601

​

$

73,145

​

$

463,046

​

$

74,006

​

$

495,647

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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