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SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

SECURITIES

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


(In Thousands)		March 31, 2022
					Gross			Gross
					Unrealized			Unrealized
		Amortized			Holding			Holding			Fair
		Cost			Gains			Losses			Value

Obligations of the U.S. Treasury		$	38,152		$	0		$	(1,658)		$	36,494
Obligations of U.S. Government agencies			24,455			150			(1,197)			23,408
Bank holding company debt securities			24,942			0			(899)			24,043
Obligations of states and political subdivisions:
Tax-exempt			149,140			963			(6,470)			143,633
Taxable			73,732			293			(4,396)			69,629
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			112,122			107			(5,661)			106,568
Residential collateralized mortgage obligations			45,628			4			(1,764)			43,868
Commercial mortgage-backed securities			90,682			119			(5,531)			85,270
Total available-for-sale debt securities		$	558,853		$	1,636		$	(27,576)		$	532,913


(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

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


March 31, 2022		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		$	36,494		$	(1,658)		$	0		$	0		$	36,494		$	(1,658)
Obligations of U.S. Government agencies			4,812			(61)			11,363			(1,136)			16,175			(1,197)
Bank holding company debt securities			21,043			(899)			0			0			21,043			(899)
Obligations of states and political subdivisions:
Tax-exempt			104,057			(6,341)			1,719			(129)			105,776			(6,470)
Taxable			46,674			(3,692)			5,814			(704)			52,488			(4,396)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			98,253			(5,374)			3,737			(287)			101,990			(5,661)
Residential collateralized mortgage obligations			41,916			(1,764)			0			0			41,916			(1,764)
Commercial mortgage-backed securities			67,400			(4,568)			7,153			(963)			74,553			(5,531)
Total temporarily impaired available-for-sale debt securities		$	420,649		$	(24,357)		$	29,786		$	(3,219)		$	450,435		$	(27,576)


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)

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


(In Thousands)		Three Months Ended
		March 31,			March 31,
		2022			2021
Gross realized gains from sales		$	2		$	0
Gross realized losses from sales			0			0
Net realized gains		$	2		$	0

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


(In Thousands)		March 31, 2022
		Amortized			Fair
		Cost			Value
Due in one year or less		$	12,457		$	12,483
Due from one year through five years			77,304			75,288
Due from five years through ten years			86,104			82,906
Due after ten years			134,556			126,530
Sub-total			310,421			297,207
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities			112,122			106,568
Residential collateralized mortgage obligations			45,628			43,868
Commercial mortgage-backed securities			90,682			85,270
Total		$	558,853		$	532,913