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Investment securities (Tables)
12 Months Ended
Dec. 31, 2022
Investment Securities  
Schedule of amortized cost and fair value of investment securities aggregated by investment category

December 31, 2022

Gross

Gross

Amortized

Unrealized

Unrealized

Fair

 

(Dollars in thousands)

    

Cost  

    

Gains  

    

Losses  

    

Value  

 

Available-for-sale:

U.S. Treasury securities

$

199,937

$

$

19,640

$

180,297

U.S. government-sponsored enterprises

16,955

585

16,370

State and municipals:

Taxable

 

68,946

13,588

 

55,358

Tax-exempt

 

99,774

 

93

11,460

 

88,407

Residential mortgage-backed securities:

U.S. government agencies

 

982

 

40

 

942

U.S. government-sponsored enterprises

 

141,231

 

 

20,112

 

121,119

Commercial mortgage-backed securities:

U.S. government-sponsored enterprises

 

12,128

 

 

544

 

11,584

Corporate debt securities

4,000

374

3,626

Total

$

543,953

$

93

$

66,343

$

477,703

Held-to-maturity:

Tax-exempt state and municipals

$

11,237

$

1

$

841

$

10,397

Residential mortgage-backed securities:

U.S. government agencies

 

17,304

 

3,016

 

14,288

U.S. government-sponsored enterprises

 

62,638

 

10,760

 

51,878

Total

$

91,179

$

1

$

14,617

$

76,563

    

December 31, 2021

 

Gross

    

Gross

Amortized

Unrealized

Unrealized

Fair

 

(Dollars in thousands)

    

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

Summary of unrealized and realized gains and losses

(Dollars in thousands)

    

2022

    

2021

Net (loss) gain recognized during the period on equity securities

$

(31)

$

2

Unrealized gain recognized during the reporting period on equity securities still held at the reporting date

$

(31)

$

2

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

December 31, 2022

Less Than 12 Months  

12 Months or Greater

Total

Number of

Number of

Number of

Securities in a

Fair

Unrealized

Securities in a

Fair

Unrealized

Securities in a

Fair

Unrealized

(Dollars in thousands)

   

Loss Position

   

Value 

   

Losses 

   

Loss Position

   

Value 

   

Losses 

   

Loss Position

   

Value 

   

Losses 

U.S. Treasury securities

5

$

23,700

$

1,887

40

$

156,597

$

17,753

45

$

180,297

$

19,640

U.S. government-sponsored enterprises

4

14,104

197

1

2,266

388

5

16,370

585

State and municipals:

Taxable

21

19,919

2,908

45

34,464

10,680

66

54,383

13,588

Tax-exempt

39

30,973

1,690

84

59,664

10,611

123

90,637

12,301

Residential mortgage-backed securities:

U.S. government agencies

5

904

39

4

14,326

3,017

9

15,230

3,056

U.S. government-sponsored enterprises

19

57,166

2,029

25

115,831

28,843

44

172,997

 

30,872

Commercial mortgage-backed securities:

U.S. government agencies

U.S. government-sponsored enterprises

4

 

11,584

 

544

0

0

0

4

 

11,584

 

544

Corporate debt securities

1

953

47

5

2,673

327

6

3,626

374

Total

98

$

159,303

$

9,341

204

$

385,821

$

71,619

302

$

545,124

$

80,960

December 31, 2021

Less Than 12 Months  

12 Months or Greater

Total

Number of

Number of

Number of

Securities in a

Fair

Unrealized

Securities in a

Fair

Unrealized

Securities in a

Fair

Unrealized

(Dollars in thousands)

   

Loss Position

   

Value 

   

Losses  

   

Loss Position

   

Value 

   

Losses  

   

Loss Position

   

Value  

   

Losses 

U.S. Treasury securities

42

$

179,974

$

2,382

    

$

$

42

$

179,974

$

2,382

U.S. government-sponsored enterprises

State and municipals:

Taxable

27

26,827

718

8

8,008

364

35

34,835

1,082

Tax-exempt

61

 

38,693

 

357

2

10,319

 

313

63

 

49,012

 

670

Residential mortgage-backed securities:

 

U.S. government agencies

3

18,398

 

392

3

 

18,398

 

392

U.S. government-sponsored enterprises

13

 

77,875

 

1,454

7

48,276

1,919

20

 

126,151

 

3,373

Commercial mortgage-backed securities:

 

U.S. government-sponsored enterprises

Corporate debt securities

4

 

2,449

 

51

1

470

31

5

 

2,919

 

82

Total

150

$

344,216

$

5,354

18

$

67,073

$

2,627

168

$

411,289

$

7,981

Available-for-Sale Securities  
Investment Securities  
Schedule of maturity distribution of fair value

Fair

 

(Dollars in thousands)

    

Value

 

Within one year

$

15,601

After one but within five years

 

168,324

After five but within ten years

 

72,917

After ten years

 

84,933

 

341,775

Mortgage-backed and other amortizing securities

 

135,928

Total

$

477,703

Held-to-maturity Securities.  
Investment Securities  
Schedule of maturity distribution of fair value

Amortized

Fair

 

(Dollars in thousands)

    

Cost 

    

Value  

 

After five but within ten years

$

8,884

$

8,227

After ten years

2,353

2,170

 

11,237

 

10,397

Mortgage-backed securities

 

79,942

 

66,166

Total

$

91,179

$

76,563