XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Securities (Tables)
 9 Months Ended
Sep. 30, 2021
Investments Debt And Equity Securities [Abstract]  
Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses The amortized cost and fair value of securities, with gross unrealized gains and losses at September 30, 2021 and December 31, 2020, are as follows

 

 

 

(In Thousands)

 

 

 

September 30, 2021

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Gross Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Available-for-Sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

74,347

 

 

$

29

 

 

$

(572

)

 

$

73,804

 

U.S. Government agencies

 

 

163,771

 

 

 

1,123

 

 

 

(1,698

)

 

 

163,196

 

Mortgage-backed securities

 

 

124,658

 

 

 

1,348

 

 

 

(907

)

 

 

125,099

 

State and local governments

 

 

62,802

 

 

 

2,046

 

 

 

(230

)

 

 

64,618

 

Total available-for-sale securities

 

$

425,578

 

 

$

4,546

 

 

$

(3,407

)

 

$

426,717

 

 

 

 

 

(In Thousands)

 

 

 

December 31, 2020

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Gross Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Available-for-Sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

U.S. Government agencies

 

 

122,514

 

 

 

1,857

 

 

 

(130

)

 

 

124,241

 

Mortgage-backed securities

 

 

110,828

 

 

 

2,228

 

 

 

-

 

 

 

113,056

 

State and local governments

 

 

67,260

 

 

 

3,265

 

 

 

(10

)

 

 

70,515

 

Total available-for-sale securities

 

$

300,602

 

 

$

7,350

 

 

$

(140

)

 

$

307,812

 
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at September 30, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:    

 

 

 

(In Thousands)

 

 

 

September 30, 2021

 

 

 

Less Than Twelve Months

 

 

Twelve Months & Over

 

 

Total

 

 

 

Gross Unrealized

 

 

Fair

 

 

Gross Unrealized

 

 

Fair

 

 

Gross Unrealized

 

 

Fair

 

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

U.S. Treasury

 

$

(572

)

 

$

58,913

 

 

$

-

 

 

$

-

 

 

$

(572

)

 

$

58,913

 

U.S. Government agencies

 

 

(1,636

)

 

 

107,353

 

 

 

(62

)

 

 

2,443

 

 

 

(1,698

)

 

 

109,796

 

Mortgage-backed securities

 

 

(907

)

 

 

57,266

 

 

 

-

 

 

 

-

 

 

 

(907

)

 

 

57,266

 

State and local governments

 

 

(166

)

 

 

11,260

 

 

 

(64

)

 

 

2,503

 

 

 

(230

)

 

 

13,763

 

Total available-for-sale securities

 

$

(3,281

)

 

$

234,792

 

 

$

(126

)

 

$

4,946

 

 

$

(3,407

)

 

$

239,738

 

 

 

 

 

(In Thousands)

 

 

 

December 31, 2020

 

 

 

Less Than Twelve Months

 

 

Twelve Months & Over

 

 

Total

 

 

 

Gross Unrealized

 

 

Fair

 

 

Gross Unrealized

 

 

Fair

 

 

Gross Unrealized

 

 

Fair

 

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

U.S. Treasury

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

U.S. Government agencies

 

 

(130

)

 

 

48,331

 

 

 

-

 

 

 

-

 

 

 

(130

)

 

 

48,331

 

Mortgage-backed securities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

State and local governments

 

 

(10

)

 

 

3,562

 

 

 

-

 

 

 

-

 

 

 

(10

)

 

 

3,562

 

Total available-for-sale securities

 

$

(140

)

 

$

51,893

 

 

$

-

 

 

$

-

 

 

$

(140

)

 

$

51,893

 
Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three and nine months ended September 30, 2021 and September 30, 2020.

 

 

 

Three Months

 

 

Nine Months

 

 

 

(In Thousands)

 

 

(In Thousands)

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Gross realized gains

 

$

-

 

 

$

-

 

 

$

293

 

 

$

270

 

Gross realized losses

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net realized gains

 

$

-

 

 

$

-

 

 

$

293

 

 

$

270

 

Tax expense related to net realized gains

 

$

-

 

 

$

-

 

 

$

62

 

 

$

57

 
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at September 30, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

 

 

(In Thousands)

 

 

 

Amortized

 

 

 

 

 

 

 

Cost

 

 

Fair Value

 

One year or less

 

$

8,867

 

 

$

8,923

 

After one year through five years

 

 

120,220

 

 

 

121,121

 

After five years through ten years

 

 

171,484

 

 

 

171,215

 

After ten years

 

 

349

 

 

 

359

 

Total

 

$

300,920

 

 

$

301,618

 

Mortgage-backed securities

 

 

124,658

 

 

 

125,099

 

Total

 

$

425,578

 

 

$

426,717