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v3.23.2

SECURITIES (Tables) | 6 Months Ended
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Jun. 30, 2023
SECURITIES |
Schedule of amortized cost and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | June 30, 2023
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 33,931 | ​ | $ | 0 | ​ | $ | (3,188) | ​ | $ | 30,743
Obligations of U.S. Government agencies | ​ | ​ | 22,899 | ​ | ​ | 0 | ​ | ​ | (2,347) | ​ | ​ | 20,552
Bank holding company debt securities | ​ | ​ | 28,948 | ​ | ​ | 0 | ​ | ​ | (5,623) | ​ | ​ | 23,325
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 125,247 | ​ |  | 245 | ​ |  | (12,322) | ​ |  | 113,170
Taxable | ​ |  | 65,715 | ​ |  | 0 | ​ |  | (10,013) | ​ |  | 55,702
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 105,027 | ​ |  | 0 | ​ |  | (12,232) | ​ |  | 92,795
Residential collateralized mortgage obligations | ​ |  | 40,444 | ​ |  | 0 | ​ |  | (4,547) | ​ |  | 35,897
Commercial mortgage-backed securities | ​ |  | 76,780 | ​ |  | 0 | ​ |  | (11,263) | ​ |  | 65,517
Private label commercial mortgage-backed securities | ​ | ​ | 8,141 | ​ | ​ | 0 | ​ | ​ | (147) | ​ | ​ | 7,994
Total available-for-sale debt securities | ​ | $ | 507,132 | ​ | $ | 245 | ​ | $ | (61,682) | ​ | $ | 445,695
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | December 31, 2022
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ |  | ​ |  | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 35,166 | ​ | $ | 0 | ​ | $ | (3,330) | ​ | $ | 31,836
Obligations of U.S. Government agencies | ​ | ​ | 25,938 | ​ | ​ | 0 | ​ | ​ | (2,508) | ​ | ​ | 23,430
Bank holding company debt securities | ​ | ​ | 28,945 | ​ | ​ | 0 | ​ | ​ | (3,559) | ​ | ​ | 25,386
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 146,149 | ​ |  | 319 | ​ |  | (13,845) | ​ |  | 132,623
Taxable | ​ |  | 68,488 | ​ |  | 0 | ​ |  | (11,676) | ​ |  | 56,812
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential pass-through securities | ​ |  | 112,782 | ​ |  | 0 | ​ |  | (12,841) | ​ |  | 99,941
Residential collateralized mortgage obligations | ​ |  | 44,868 | ​ |  | 0 | ​ |  | (4,572) | ​ |  | 40,296
Commercial mortgage-backed securities | ​ |  | 91,388 | ​ |  | 0 | ​ |  | (11,702) | ​ |  | 79,686
Private label commercial mortgage-backed securities | ​ | ​ | 8,070 | ​ | ​ | 2 | ​ | ​ | (49) | ​ | ​ | 8,023
Total available-for-sale debt securities | ​ | $ | 561,794 | ​ | $ | 321 | ​ | $ | (64,082) | ​ | $ | 498,033
Schedule of gross unrealized losses and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2023 |  | 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 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 30,743 | ​ | $ | (3,188) | ​ | $ | 30,743 | ​ | $ | (3,188)
Obligations of U.S. Government agencies | ​ | ​ | 6,315 | ​ | ​ | (334) | ​ | ​ | 14,237 | ​ | ​ | (2,013) | ​ | ​ | 20,552 | ​ | ​ | (2,347)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 23,325 | ​ | ​ | (5,623) | ​ | ​ | 23,325 | ​ | ​ | (5,623)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 11,923 | ​ | ​ | (306) | ​ | ​ | 97,304 | ​ | ​ | (12,016) | ​ | ​ | 109,227 | ​ | ​ | (12,322)
Taxable | ​ |  | 2,657 | ​ |  | (93) | ​ |  | 53,045 | ​ |  | (9,920) | ​ |  | 55,702 | ​ |  | (10,013)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Residential pass-through securities | ​ | ​ | 14,150 | ​ | ​ | (667) | ​ | ​ | 78,645 | ​ | ​ | (11,565) | ​ | ​ | 92,795 | ​ | ​ | (12,232)
Residential collateralized mortgage obligations | ​ |  | 2,780 | ​ |  | (101) | ​ |  | 33,117 | ​ |  | (4,446) | ​ |  | 35,897 | ​ |  | (4,547)
Commercial mortgage-backed securities | ​ |  | 10,755 | ​ |  | (519) | ​ |  | 54,762 | ​ |  | (10,744) | ​ |  | 65,517 | ​ |  | (11,263)
Private label commercial mortgage-backed securities | ​ | ​ | 7,994 | ​ | ​ | (147) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 7,994 | ​ | ​ | (147)
Total temporarily impaired available-for-sale debt securities | ​ | $ | 56,574 | ​ | $ | (2,167) | ​ | $ | 385,178 | ​ | $ | (59,515) | ​ | $ | 441,752 | ​ | $ | (61,682)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 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 | ​ | $ | 20,192 | ​ | $ | (1,939) | ​ | $ | 11,644 | ​ | $ | (1,391) | ​ | $ | 31,836 | ​ | $ | (3,330)
Obligations of U.S. Government agencies | ​ | ​ | 8,509 | ​ | ​ | (430) | ​ | ​ | 12,921 | ​ | ​ | (2,078) | ​ | ​ | 21,430 | ​ | ​ | (2,508)
Bank holding company debt securities | ​ | ​ | 14,248 | ​ | ​ | (1,697) | ​ | ​ | 11,138 | ​ | ​ | (1,862) | ​ | ​ | 25,386 | ​ | ​ | (3,559)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 106,204 | ​ | ​ | (11,023) | ​ | ​ | 15,153 | ​ | ​ | (2,822) | ​ | ​ | 121,357 | ​ | ​ | (13,845)
Taxable | ​ |  | 28,901 | ​ |  | (4,739) | ​ |  | 27,761 | ​ |  | (6,937) | ​ |  | 56,662 | ​ |  | (11,676)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Residential pass-through securities | ​ | ​ | 45,410 | ​ | ​ | (4,226) | ​ | ​ | 54,531 | ​ | ​ | (8,615) | ​ | ​ | 99,941 | ​ | ​ | (12,841)
Residential collateralized mortgage obligations | ​ |  | 28,670 | ​ |  | (2,042) | ​ |  | 11,626 | ​ |  | (2,530) | ​ |  | 40,296 | ​ |  | (4,572)
Commercial mortgage-backed securities | ​ |  | 40,408 | ​ |  | (2,585) | ​ |  | 39,278 | ​ |  | (9,117) | ​ |  | 79,686 | ​ |  | (11,702)
Private label commercial mortgage-backed securities | ​ | ​ | 4,762 | ​ | ​ | (49) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 4,762 | ​ | ​ | (49)
Total temporarily impaired available-for-sale debt securities | ​ | $ | 297,304 | ​ | $ | (28,730) | ​ | $ | 184,052 | ​ | $ | (35,352) | ​ | $ | 481,356 | ​ | $ | (64,082)
Schedule of gross realized gains and losses from available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30, | ​ | June 30, | ​ | June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Gross realized gains from sales | ​ | $ | 9 | ​ | $ | 2 | ​ | $ | 89 | ​ | $ | 4
Gross realized losses from sales | ​ |  | (10) | ​ |  | (3) | ​ |  | (83) | ​ |  | (3)
Net realized (losses) gains | ​ | $ | (1) | ​ | $ | (1) | ​ | $ | 6 | ​ | $ | 1
Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | June 30, 2023
​ | ​ | Amortized | ​ | Fair
​ |  | Cost |  | Value
Due in one year or less | ​ | $ | 10,074 | ​ | $ | 9,912
Due from one year through five years | ​ |  | 71,016 | ​ |  | 65,803
Due from five years through ten years | ​ |  | 78,731 | ​ |  | 67,990
Due after ten years | ​ |  | 116,919 | ​ |  | 99,787
Sub-total | ​ |  | 276,740 | ​ |  | 243,492
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |
Residential pass-through securities | ​ |  | 105,027 | ​ |  | 92,795
Residential collateralized mortgage obligations | ​ |  | 40,444 | ​ |  | 35,897
Commercial mortgage-backed securities | ​ |  | 76,780 | ​ |  | 65,517
Private label commercial mortgage-backed securities | ​ | ​ | 8,141 | ​ | ​ | 7,994
Total | ​ | $ | 507,132 | ​ | $ | 445,695

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