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Investment securities (Tables)

12 Months Ended

Dec. 31, 2021

Investment Securities

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


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2021		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	193,849		$	107		$	2,382		$	191,574
U.S. government-sponsored enterprises			33,435			343						33,778
State and municipals:
Taxable			69,066			994			1,082			68,978
Tax-exempt			96,412			2,452			614			98,250
Residential mortgage-backed securities:
U.S. government agencies			1,790			53						1,843
U.S. government-sponsored enterprises			109,018			939			2,925			107,032
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,542			406						12,948
Corporate debt securities			3,000						82			2,918
Total		$	519,112		$	5,294		$	7,085		$	517,321
Held-to-maturity:
Tax-exempt state and municipals		$	11,476		$	126		$	56		$	11,546
Residential mortgage-backed securities:
U.S. government agencies			18,802						392			18,410
U.S. government-sponsored enterprises			40,935			3			448			40,490
Total		$	71,213		$	129		$	896		$	70,446


					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



Year Ended December 31,			2021			2020
Net gain (loss) recognized during the period on equity securities		$	2		$	(6)
Less: Net gain (loss) recognized during the period on equity securities sold during the period						29
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date		$	2		$	(35)

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
December 31, 2021		Value			Losses			Value			Losses			Value			Losses
U.S. Treasury securities		$	179,974		$	2,382								$	179,974		$	2,382
State and municipals:
Taxable			26,827			718		$	8,008		$	364			34,835			1,082
Tax-exempt			38,693			357			10,319			313			49,012			670
Residential mortgage-backed securities:
U.S. government agencies			18,398			392									18,398			392
U.S. government-sponsored enterprises			77,875			1,454			48,276			1,919			126,151			3,373
Corporate debt securities			2,449			51			470			31			2,919			82
Total		$	344,216		$	5,354		$	67,073		$	2,627		$	411,289		$	7,981


		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
December 31, 2021		Value
Within one year		$	28,887
After one but within five years			148,212
After five but within ten years			103,012
After ten years			112,347
			392,458
Mortgage-backed and other amortizing securities			124,863
Total		$	517,321

Held-to-maturity Securities.

Investment Securities

Schedule of maturity distribution of fair value


		Amortized			Fair
December 31, 2021		Cost			Value
After five but within ten years		$	7,331		$	7,334
After ten years			4,145			4,212
			11,476			11,546
Mortgage-backed securities			59,737			58,900
Total		$	71,213		$	70,446