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Investment securities (Tables)

9 Months Ended

Sep. 30, 2021

Investment Securities

Schedule of amortized cost and fair value of investment securities aggregated by investment category


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
September 30, 2021		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	135,816		$	191		$	610		$	135,397
U.S. government-sponsored enterprises			40,969			621						41,590
State and municipals:
Taxable			66,535			1,315			949			66,901
Tax-exempt			89,124			2,389			1,028			90,485
Residential mortgage-backed securities:
U.S. government agencies			2,087			71						2,158
U.S. government-sponsored enterprises			109,992			1,199			2,471			108,720
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,562			598						13,160
Corporate debt securities			3,000						39			2,961
Total		$	460,085		$	6,384		$	5,097		$	461,372
Held-to-maturity:
Tax-exempt state and municipals		$	10,384		$	146		$	59		$	10,471
Residential mortgage-backed securities:
U.S. government agencies			11,361						195			11,166
U.S. government-sponsored enterprises			11,103			4			188			10,919
Total		$	32,848		$	150		$	442		$	32,556


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2020		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	18,478		$	427					$	18,905
U.S. government-sponsored enterprises			63,834			1,354						65,188
State and municipals:
Taxable			53,297			2,099		$	30			55,366
Tax-exempt			53,977			3,054			37			56,994
Residential mortgage-backed securities:
U.S. government agencies			3,553			154						3,707
U.S. government-sponsored enterprises			79,457			1,930			136			81,251
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,619			881						13,500
Corporate debt securities			1,000									1,000
Total		$	286,215		$	9,899		$	203		$	295,911
Held-to-maturity:
Tax-exempt state and municipals		$	6,849		$	275		$			$	7,124
Residential mortgage-backed securities:
U.S. government agencies			21									21
U.S. government-sponsored enterprises			355			13						368
Total		$	7,225		$	288		$			$	7,513

Summary of unrealized and realized gains and losses



Three Months Ended September 30,			2021			2020
Net gain recognized during the period on equity securities		$	5		$	2
Less: Net gain (loss) recognized during the period on equity securities sold during the period
Unrealized gain recognized during the reporting period on equity securities still held at the reporting date		$	5		$	2


For the Nine Months Ended September 30,			2021			2020
Net gain (loss) recognized during the period on equity securities		$	9		$	(82)
Less: Net gain (loss) recognized during the period on equity securities sold during the period
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date		$	9		$	(82)

Schedule of fair value and unrealized losses of investment securities in continuous unrealized loss position


		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
September 30, 2021		Value			Losses			Value			Losses			Value			Losses
U.S. Treasury securities		$	102,789		$	610								$	102,789		$	610
State and municipals:
Taxable			29,122			771		$	4,283		$	178		$	33,405		$	949
Tax-exempt			52,825			1,087									52,825			1,087
Residential mortgage-backed securities:
U.S. government agencies			11,279			195								$	11,279		$	195
U.S. government-sponsored enterprises			89,214			2,502			7,069			157			96,283			2,659
Corporate debt securities			2,961			39									2,961			39
Total		$	288,190		$	5,204		$	11,352		$	335		$	299,542		$	5,539


		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
December 31, 2020		Value			Losses			Value			Losses			Value			Losses
State and municipals:
Taxable		$	9,246		$	30								$	9,246		$	30
Tax-exempt			6,786			37									6,786			37
Residential mortgage-backed securities:
U.S. government-sponsored enterprises			11,553			135		$	284		$	1			11,837			136
Total		$	27,585		$	202		$	284		$	1		$	27,869		$	203

Available-for-Sale Securities.

Investment Securities

Schedule of maturity distribution of fair value


		Fair
September 30, 2021		Value
Within one year		$	38,277
After one but within five years			95,877
After five but within ten years			93,524
After ten years			106,538
			334,216
Mortgage-backed and other amortizing securities			127,156
Total		$	461,372

Held-to-maturity Securities.

Investment Securities

Schedule of maturity distribution of fair value


		Amortized			Fair
September 30, 2021		Cost			Value
After five but within ten years		$	5,940		$	5,938
After ten years			4,444			4,533
			10,384			10,471
Mortgage-backed securities			22,464			22,085
Total		$	32,848		$	32,556