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SECURITIES (Tables)

12 Months Ended

Dec. 31, 2021

SECURITIES

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


(In Thousands)		December 31, 2021
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of the U.S. Treasury		$	25,058		$	52		$	(198)		$	24,912
Obligations of U.S. Government agencies			23,936			563			(408)			24,091
Bank holding company debt securities			18,000			18			(31)			17,987
Obligations of states and political subdivisions:
Tax-exempt			143,427			4,749			(148)			148,028
Taxable			72,182			1,232			(649)			72,765
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			98,048			705			(572)			98,181
Residential collateralized mortgage obligations			44,015			437			(205)			44,247
Commercial mortgage-backed securities			86,926			1,548			(1,006)			87,468
Total available-for-sale debt securities		$	511,592		$	9,304		$	(3,217)		$	517,679


(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


December 31, 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		$	18,886		$	(198)		$	0		$	0		$	18,886		$	(198)
Obligations of U.S. Government agencies			9,735			(264)			4,856			(144)			14,591			(408)
Bank holding company debt securities			12,969			(31)			0			0			12,969			(31)
Obligations of states and political subdivisions:
Tax-exempt			17,852			(141)			549			(7)			18,401			(148)
Taxable			31,261			(517)			3,277			(132)			34,538			(649)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			71,451			(572)			0			0			71,451			(572)
Residential collateralized mortgage obligations			15,117			(205)			0			0			15,117			(205)
Commercial mortgage-backed securities			52,867			(1,006)			0			0			52,867			(1,006)
Total temporarily impaired available-for-sale debt securities		$	230,138		$	(2,934)		$	8,682		$	(283)		$	238,820		$	(3,217)


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)		2021			2020
Gross realized gains from sales		$	27		$	222
Gross realized losses from sales			(3)			(53)
Net realized gains		$	24		$	169
Income tax provision related to net realized gains		$	5		$	35

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


(In Thousands)		December 31, 2021
		Amortized			Fair
		Cost			Value
Due in one year or less		$	14,454		$	14,538
Due from one year through five years			58,561			59,116
Due from five years through ten years			79,532			81,073
Due after ten years			130,056			133,056
Sub-total			282,603			287,783
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			98,048			98,181
Residential collateralized mortgage obligations			44,015			44,247
Commercial mortgage-backed securities			86,926			87,468
Total		$	511,592		$	517,679