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SECURITIES (Tables)
 6 Months Ended
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