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SECURITIES AVAILABLE FOR SALE (Tables) | 9 Months Ended
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Sep. 30, 2024
SECURITIES AVAILABLE FOR SALE |
Summary of Securities Available for Sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(in thousands) |  | Amortized Cost |  | Gains |  | Losses |  | Fair Value
September 30, 2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Obligations of US Government-sponsored enterprises | ​ | $ | 1,380 | ​ | $ | 1 | ​ | $ | (18) | ​ | $ | 1,363
Mortgage-backed securities and collateralized mortgage obligations: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | ​ | 214,465 | ​ | ​ | 85 | ​ | ​ | (25,098) | ​ | ​ | 189,452
US Government agency | ​ |  | 104,994 | ​ |  | 427 | ​ |  | (9,094) | ​ |  | 96,327
Private label | ​ |  | 46,310 | ​ |  | 26 | ​ |  | (949) | ​ |  | 45,387
Obligations of states and political subdivisions thereof | ​ |  | 118,147 | ​ |  | 4,174 | ​ |  | (12,994) | ​ |  | 109,327
Corporate bonds | ​ |  | 102,904 | ​ |  | 280 | ​ |  | (9,148) | ​ |  | 94,036
Total securities available for sale | ​ | $ | 588,200 | ​ | $ | 4,993 | ​ | $ | (57,301) | ​ | $ | 535,892
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 |  | $ | 3,003 | ​ | $ | 2,598
Over 1 year to 5 years | ​ |  | 52,409 | ​ |  | 48,118
Over 5 years to 10 years | ​ |  | 42,355 | ​ |  | 43,323
Over 10 years | ​ |  | 124,664 | ​ |  | 110,687
Total bonds and obligations | ​ |  | 222,431 | ​ |  | 204,726
Mortgage-backed securities and collateralized mortgage obligations | ​ |  | 365,769 | ​ |  | 331,166
Total securities available for sale | ​ | $ | 588,200 | ​ | $ | 535,892
Schedule of Gains and Losses from Sale of AFS Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Gross gains on sales of available for sale securities | ​ | $ | — | ​ | $ | — | ​ | $ | 50 | ​ | $ | 34 | ​
Gross losses on sales of available for sale securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Net gains on sale of available for sale securities | ​ | $ | — | ​ | $ | — | ​ | $ | 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
September 30, 2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Obligations of US Government-sponsored enterprises | ​ | $ | — | ​ | $ | — | ​ | $ | 18 | ​ | $ | 649 | ​ | $ | 18 | ​ | $ | 649
Mortgage-backed securities and collateralized mortgage obligations: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
US Government-sponsored enterprises | ​ | ​ | 6 | ​ | ​ | 4,349 | ​ | ​ | 25,092 | ​ | ​ | 176,860 | ​ | ​ | 25,098 | ​ | ​ | 181,209
US Government agency | ​ |  | 38 | ​ |  | 4,814 | ​ |  | 9,056 | ​ |  | 64,026 | ​ |  | 9,094 | ​ |  | 68,840
Private label | ​ |  | 3 | ​ |  | 1,317 | ​ |  | 946 | ​ |  | 25,274 | ​ |  | 949 | ​ |  | 26,591
Obligations of states and political subdivisions thereof | ​ |  | 6 | ​ |  | 2,378 | ​ |  | 12,988 | ​ |  | 102,422 | ​ |  | 12,994 | ​ |  | 104,800
Corporate bonds | ​ |  | 417 | ​ |  | 4,083 | ​ |  | 8,731 | ​ |  | 78,766 | ​ |  | 9,148 | ​ |  | 82,849
Total securities available for sale | ​ | $ | 470 | ​ | $ | 16,941 | ​ | $ | 56,831 | ​ | $ | 447,997 | ​ | $ | 57,301 | ​ | $ | 464,938
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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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