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Securities (Tables)

12 Months Ended

Dec. 31, 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, follows:

	(In Thousands)
	2021
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	90,775	$	-	$	(1,598	)	$	89,177
U.S. Government agencies		159,673		695		(3,482	)		156,886
Mortgage-backed securities		118,550		839		(1,462	)		117,927
State and local governments		64,964		1,498		(521	)		65,941
Total available-for-sale securities	$	433,962	$	3,032	$	(7,063	)	$	429,931

	(In Thousands)
	2020
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	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 December 31, 2021 and 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	2021
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	(1,598	)	$	89,177	$	-		$	-
U.S. Government agencies		(1,898	)		86,739		(1,584	)		41,738
Mortgage-backed securities		(1,050	)		63,157		(412	)		16,434
State and local governments		(296	)		17,727		(225	)		5,487
Total available-for-sales securities	$	(4,842	)	$	256,800	$	(2,221	)	$	63,659

	2020
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized		Fair
	Losses			Value		Losses		Value
U.S. Treasury	$	-		$	-	$	-	$	-
U.S. Government agencies		(130	)		48,331		-		-
Mortgage-backed securities		-			-		-		-
State and local governments		(10	)		3,562		-		-
Total available-for-sales securities	$	(140	)	$	51,893	$	-	$	-

Gross Realized Gains and Losses

gross realized gains and losses for the years ended December 31, as presented below:

	(In Thousands)
	2021		2020		2019
Gross realized gains	$	293	$	270	$	16
Gross realized losses		-		-		(42	)
Net realized gains (losses)	$	293	$	270	$	(26	)
Tax expense (benefit) related to net realized gains (losses)	$	62	$	57	$	(5	)

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

The amortized cost and fair value of debt securities at December 31, 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	$	9,413	$	9,458
After one year through five years		149,169		148,405
After five years through ten years		156,830		154,141
After ten years		-		-
Total	$	315,412	$	312,004
Mortgage-backed securities		118,550		117,927
Total	$	433,962	$	429,931