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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2021

SECURITIES

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


(In Thousands)		September 30, 2021
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of the U.S. Treasury		$	25,088		$	60		$	(80)		$	25,068
Obligations of U.S. Government agencies			23,935			666			(289)			24,312
Obligations of states and political subdivisions:
Tax-exempt			135,362			4,390			(508)			139,244
Taxable			69,426			1,516			(449)			70,493
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			59,920			978			(269)			60,629
Residential collateralized mortgage obligations			43,811			820			(38)			44,593
Commercial mortgage-backed securities			72,341			1,963			(786)			73,518
Total available-for-sale debt securities		$	429,883		$	10,393		$	(2,419)		$	437,857


(In Thousands)		December 31, 2020
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of the U.S. Treasury		$	12,184		$	0		$	(2)		$	12,182
Obligations of U.S. Government agencies			25,349			1,003			(8)			26,344
Obligations of states and political subdivisions:
Tax-exempt			116,427			6,000			(26)			122,401
Taxable			45,230			2,246			(24)			47,452
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			36,853			1,323			0			38,176
Residential collateralized mortgage obligations			56,048			1,428			(9)			57,467
Commercial mortgage-backed securities			42,461			2,849			0			45,310
Total available-for-sale debt securities		$	334,552		$	14,849		$	(69)		$	349,332

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


September 30, 2021		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		$	11,001		$	(80)		$	0		$	0		$	11,001		$	(80)
Obligations of U.S. Government agencies			12,210			(289)			0			0			12,210			(289)
Obligations of states and political subdivisions:
Tax-exempt			41,145			(508)			0			0			41,145			(508)
Taxable			25,561			(365)			2,200			(84)			27,761			(449)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			36,651			(269)			0			0			36,651			(269)
Residential collateralized mortgage obligations			4,745			(38)			0			0			4,745			(38)
Commercial mortgage-backed securities			34,931			(786)			0			0			34,931			(786)
Total temporarily impaired available-for-sale debt securities		$	166,244		$	(2,335)		$	2,200		$	(84)		$	168,444		$	(2,419)


December 31, 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		$	9,159		$	(2)		$	0		$	0		$	9,159		$	(2)
Obligations of U.S. Government agencies			4,992			(8)			0			0			4,992			(8)
Obligations of states and political subdivisions:
Tax-exempt			3,811			(26)			0			0			3,811			(26)
Taxable			5,235			(24)			0			0			5,235			(24)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies,
Residential collateralized mortgage obligations			2,861			(9)			0			0			2,861			(9)
Total temporarily impaired available-for-sale debt securities		$	26,058		$	(69)		$	0		$	0		$	26,058		$	(69)

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,
		2021			2020			2021			2020
Gross realized gains from sales		$	23		$	26		$	27		$	78
Gross realized losses from sales			0			(1)			(2)			(53)
Net realized gains		$	23		$	25		$	25		$	25

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


(In Thousands)		September 30, 2021
		Amortized			Fair
		Cost			Value
Due in one year or less		$	15,531		$	15,641
Due from one year through five years			51,151			52,150
Due from five years through ten years			65,651			67,498
Due after ten years			121,478			123,828
Sub-total			253,811			259,117
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			59,920			60,629
Residential collateralized mortgage obligations			43,811			44,593
Commercial mortgage-backed securities			72,341			73,518
Total		$	429,883		$	437,857