Securities (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021, are as follows

	(In Thousands)
	March 31, 2022
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	105,394	$	-	$	(5,849	)	$	99,545
U.S. Government agencies		153,575		50		(9,818	)		143,807
Mortgage-backed securities		111,516		43		(6,499	)		105,060
State and local governments		68,481		194		(3,091	)		65,584
Total available-for-sale securities	$	438,966	$	287	$	(25,257	)	$	413,996

	(In Thousands)
	December 31, 2021
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	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

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

Information pertaining to securities with gross unrealized losses at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	(In Thousands)
	March 31, 2022
	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	$	(3,481	)	$	73,310	$	(2,368	)	$	26,235	$	(5,849	)	$	99,545
U.S. Government agencies		(2,546	)		48,126		(7,272	)		86,553		(9,818	)		134,679
Mortgage-backed securities		(3,271	)		65,991		(3,228	)		34,388		(6,499	)		100,379
State and local governments		(2,185	)		48,218		(906	)		6,940		(3,091	)		55,158
Total available-for-sale securities	$	(11,483	)	$	235,645	$	(13,774	)	$	154,116	$	(25,257	)	$	389,761

	(In Thousands)
	December 31, 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	$	(1,598	)	$	89,177	$	-		$	-	$	(1,598	)	$	89,177
U.S. Government agencies		(1,898	)		86,739		(1,584	)		41,738		(3,482	)		128,477
Mortgage-backed securities		(1,050	)		63,157		(412	)		16,434		(1,462	)		79,591
State and local governments		(296	)		17,727		(225	)		5,487		(521	)		23,214
Total available-for-sale securities	$	(4,842	)	$	256,800	$	(2,221	)	$	63,659	$	(7,063	)	$	320,459

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three months ended March 31, 2022 and March 31, 2021.

	Three Months
	(In Thousands)
	2022		2021
Gross realized gains	$	-	$	293
Gross realized losses		-		-
Net realized gains	$	-	$	293
Tax expense related to net realized gains	$	-	$	62

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

The amortized cost and fair value of debt securities at March 31, 2022, 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	$	4,327	$	4,333
After one year through five years		167,862		160,778
After five years through ten years		155,261		143,825
After ten years		-		-
Total	$	327,450	$	308,936
Mortgage-backed securities		111,516		105,060
Total	$	438,966	$	413,996