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SECURITIES (Tables)

6 Months Ended

Jun. 30, 2020

SECURITIES

Schedule of Amortized cost and fair value of available-for-sale debt securities at


(In Thousands)		June 30, 2020
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of U.S. Government agencies		$	10,706		$	967		$	0		$	11,673
Obligations of states and political subdivisions:
Tax-exempt			86,897			4,786			(40)			91,643
Taxable			38,022			1,810			(48)			39,784
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			49,852			1,668			0			51,520
Residential collateralized mortgage obligations			87,527			1,951			(43)			89,435
Commercial mortgage-backed securities			44,664			3,469			0			48,133
Total available-for-sale debt securities		$	317,668		$	14,651		$	(131)		$	332,188


(In Thousands)		December 31, 2019
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of U.S. Government agencies		$	16,380		$	620		$	0		$	17,000
Obligations of states and political subdivisions:
Tax-exempt			68,787			2,011			(38)			70,760
Taxable			35,446			927			(70)			36,303
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			58,875			472			(137)			59,210
Residential collateralized mortgage obligations			115,025			308			(610)			114,723
Commercial mortgage-backed securities			47,765			1,069			(107)			48,727
Total available-for-sale debt securities		$	342,278		$	5,407		$	(962)		$	346,723

Schedule of gross unrealized losses and fair value of available-for-sale debt securities


June 30, 2020		Less Than 12 Months						12 Months or More						Total
(In Thousands)		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
Obligations of states and political subdivisions:
Tax-exempt		$	3,743		$	(40)		$	0		$	0		$	3,743		$	(40)
Taxable			1,476			(48)			0			0			1,476			(48)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential collateralized mortgage obligations			8,809			(43)			0			0			8,809			(43)
Total temporary impaired available for sale debt securities		$	14,028		$	(131)		$	0		$	0		$	14,028		$	(131)


December 31, 2019		Less Than 12 Months						12 Months or More						Total
(In Thousands)		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
Obligations of states and political subdivisions:
Tax-exempt		$	6,429		$	(38)		$	0		$	0		$	6,429		$	(38)
Taxable			5,624			(68)			161			(2)			5,785			(70)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies
Residential pass-through securities			9,771			(35)			14,787			(102)			24,558			(137)
Residential collateralized mortgage obligations			31,409			(195)			30,535			(415)			61,944			(610)
Commercial mortgage-backed securities			0			0			8,507			(107)			8,507			(107)
Total temporarily impaired available-for-sale debt securities		$	53,233		$	(336)		$	53,990		$	(626)		$	107,223		$	(962)

Schedule of Gross realized gains and losses from available-for-sale


(In Thousands)		3 Months Ended						6 Months Ended
		June 30,			June 30,			June 30,			June 30,
		2020			2019			2020			2019
Gross realized gains from sales		$	0		$	7		$	52		$	7
Gross realized losses from sales			0			0			(52)			0
Net realized gains		$	0		$	7		$	0		$	7

Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity


(In Thousands)		June 30, 2020
		Amortized			Fair
		Cost			Value
Due in one year or less		$	7,369		$	7,414
Due from one year through five years			33,740			35,119
Due from five years through ten years			38,294			40,729
Due after ten years			56,222			59,838
Sub-total			135,625			143,100
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			49,852			51,520
Residential collateralized mortgage obligations			87,527			89,435
Commercial mortgage-backed securities			44,664			48,133
Total		$	317,668		$	332,188