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SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2023
SECURITIES  
Schedule of amortized cost and fair value of available-for-sale debt securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(In Thousands)

    

September 30, 2023

​

​

​

​

​

Gross

​

Gross

​

​

​

​

​

​

​

​

Unrealized

​

Unrealized

​

​

​

​

 

Amortized

 

Holding

 

Holding

 

Fair

​

    

Cost

    

Gains

    

Losses

    

Value

​

​

​

​

​

​

​

​

​

​

​

​

​

Obligations of the U.S. Treasury

​

$

33,938

​

$

0

​

$

(3,381)

​

$

30,557

Obligations of U.S. Government agencies

​

​

21,372

​

​

0

​

​

(2,576)

​

​

18,796

Bank holding company debt securities

​

​

28,950

​

​

0

​

​

(6,639)

​

​

22,311

Obligations of states and political subdivisions:

​

 

​

​

 

​

​

 

​

​

 

  

Tax-exempt

​

 

123,598

​

​

114

​

 

(19,259)

​

 

104,453

Taxable

​

 

65,408

​

 

0

​

 

(11,951)

​

 

53,457

Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:

​

 

​

​

 

  

​

 

​

​

 

  

Residential pass-through securities

​

 

109,102

​

 

0

​

 

(14,633)

​

 

94,469

Residential collateralized mortgage obligations

​

 

38,267

​

 

0

​

 

(4,870)

​

 

33,397

Commercial mortgage-backed securities

​

 

76,627

​

 

0

​

 

(12,955)

​

 

63,672

Private label commercial mortgage-backed securities

​

​

8,178

​

 

0

​

 

(152)

​

 

8,026

Total available-for-sale debt securities

​

$

505,440

​

$

114

​

$

(76,416)

​

$

429,138

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 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

​

$

30,557

​

​

(3,381)

​

$

30,557

​

$

(3,381)

Obligations of U.S. Government agencies

​

​

1,850

​

​

(8)

​

​

16,946

​

​

(2,568)

​

​

18,796

​

​

(2,576)

Bank holding company debt securities

​

​

0

​

​

0

​

​

22,311

​

​

(6,639)

​

​

22,311

​

​

(6,639)

Obligations of states and political subdivisions:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tax-exempt

​

​

4,172

​

​

(268)

​

​

96,600

​

​

(18,991)

​

​

100,772

​

​

(19,259)

Taxable

​

 

0

​

​

0

​

 

53,457

​

​

(11,951)

​

 

53,457

​

 

(11,951)

Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:

​

 

​

​

​

​

​

 

​

​

​

​

​

 

  

​

 

  

Residential pass-through securities

​

​

9,304

​

​

(412)

​

​

83,619

​

​

(14,221)

​

​

92,923

​

​

(14,633)

Residential collateralized mortgage obligations

​

 

2,662

​

​

(130)

​

 

30,735

​

​

(4,740)

​

 

33,397

​

 

(4,870)

Commercial mortgage-backed securities

​

 

2,211

​

​

(130)

​

 

61,461

​

​

(12,825)

​

 

63,672

​

 

(12,955)

Private label commercial mortgage-backed securities

​

​

8,026

​

​

(152)

​

​

0

​

​

0

​

​

8,026

​

​

(152)

Total temporarily impaired available-for-sale debt securities

​

$

28,225

​

$

(1,100)

​

$

395,686

​

$

(75,316)

​

$

423,911

​

$

(76,416)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

Nine Months Ended

​

​

September 30, 

​

September 30, 

​

September 30, 

​

September 30, 

​

    

2023

    

2022

    

2023

    

2022

Gross realized gains from sales

​

$

0

​

$

44

​

$

89

​

$

48

Gross realized losses from sales

​

 

0

​

 

(24)

​

 

(83)

​

 

(27)

Net realized gains

​

$

0

​

$

20

​

$

6

​

$

21

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

​

​

​

​

​

​

​

​

(In Thousands)

​

September 30, 2023

​

​

Amortized

​

Fair

​

    

Cost

    

Value

Due in one year or less

​

$

10,899

​

$

10,672

Due from one year through five years

​

 

70,095

​

 

64,235

Due from five years through ten years

​

 

80,423

​

 

66,554

Due after ten years

​

 

111,849

​

 

88,113

Sub-total

​

 

273,266

​

 

229,574

Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:

​

 

  

​

 

  

Residential pass-through securities

​

 

109,102

​

 

94,469

Residential collateralized mortgage obligations

​

 

38,267

​

 

33,397

Commercial mortgage-backed securities

​

 

76,627

​

 

63,672

Private label commercial mortgage-backed securities

​

​

8,178

​

​

8,026

Total

​

$

505,440

​

$

429,138