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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2020

SECURITIES

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


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

Obligations of the U.S. Treasury		$	12,228		$	0		$	(2)		$	12,226
Obligations of U.S. Government agencies			15,348			1,007			0			16,355
Obligations of states and political subdivisions:
Tax-exempt			104,821			5,057			(210)			109,668
Taxable			42,079			2,161			(45)			44,195
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			44,697			1,514			0			46,211
Residential collateralized mortgage obligations			67,635			1,726			(24)			69,337
Commercial mortgage-backed securities			39,337			3,216			0			42,553
Total available-for-sale debt securities		$	326,145		$	14,681		$	(281)		$	340,545


(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


September 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 the U.S. Treasury		$	12,226		$	(2)		$	0		$	0		$	12,226		$	(2)
Obligations of states and political subdivisions:
Tax-exempt			17,061			(210)			0			0			17,061			(210)
Taxable			4,856			(45)			0			0			4,856			(45)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies,
Residential collateralized mortgage obligations			4,165			(24)			0			0			4,165			(24)
Total temporary impaired available for sale debt securities		$	38,308		$	(281)		$	0		$	0		$	38,308		$	(281)


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)		Three Months Ended						Nine Months Ended
		September 30,			September 30,			September 30,			September 30,
		2020			2019			2020			2019
Gross realized gains from sales		$	26		$	14		$	78		$	21
Gross realized losses from sales			(1)			(1)			(53)			(1)
Net realized gains		$	25		$	13		$	25		$	20

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


(In Thousands)		September 30, 2020
		Amortized			Fair
		Cost			Value
Due in one year or less		$	14,411		$	14,469
Due from one year through five years			45,804			47,460
Due from five years through ten years			37,479			40,088
Due after ten years			76,782			80,427
Sub-total			174,476			182,444
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			44,697			46,211
Residential collateralized mortgage obligations			67,635			69,337
Commercial mortgage-backed securities			39,337			42,553
Total		$	326,145		$	340,545