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SECURITIES (Tables) | 3 Months Ended
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Mar. 31, 2024
SECURITIES |
Schedule of amortized cost and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | March 31, 2024
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 11,324 | ​ | $ | 0 | ​ | $ | (1,093) | ​ | $ | 10,231
Obligations of U.S. Government agencies | ​ | ​ | 10,637 | ​ | ​ | 0 | ​ | ​ | (1,261) | ​ | ​ | 9,376
Bank holding company debt securities | ​ | ​ | 28,953 | ​ | ​ | 0 | ​ | ​ | (5,484) | ​ | ​ | 23,469
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 113,181 | ​ | ​ | 281 | ​ |  | (10,636) | ​ |  | 102,826
Taxable | ​ |  | 57,960 | ​ |  | 0 | ​ |  | (8,705) | ​ |  | 49,255
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 102,048 | ​ |  | 4 | ​ |  | (10,936) | ​ |  | 91,116
Residential collateralized mortgage obligations | ​ |  | 48,477 | ​ |  | 0 | ​ |  | (3,976) | ​ |  | 44,501
Commercial mortgage-backed securities | ​ |  | 76,249 | ​ |  | 0 | ​ |  | (10,128) | ​ |  | 66,121
Private label commercial mortgage-backed securities | ​ | ​ | 8,252 | ​ |  | 0 | ​ |  | (53) | ​ |  | 8,199
Total available-for-sale debt securities | ​ | $ | 457,081 | ​ | $ | 285 | ​ | $ | (52,272) | ​ | $ | 405,094
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | December 31, 2023
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 12,325 | ​ | $ | 0 | ​ | $ | (1,035) | ​ | $ | 11,290
Obligations of U.S. Government agencies | ​ | ​ | 11,119 | ​ | ​ | 0 | ​ | ​ | (1,173) | ​ | ​ | 9,946
Bank holding company debt securities | ​ | ​ | 28,952 | ​ | ​ | 0 | ​ | ​ | (5,452) | ​ | ​ | 23,500
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 113,464 | ​ | ​ | 311 | ​ |  | (9,576) | ​ |  | 104,199
Taxable | ​ |  | 58,720 | ​ |  | 0 | ​ |  | (8,609) | ​ |  | 50,111
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 105,549 | ​ |  | 40 | ​ |  | (10,184) | ​ |  | 95,405
Residential collateralized mortgage obligations | ​ |  | 50,212 | ​ |  | 0 | ​ |  | (3,750) | ​ |  | 46,462
Commercial mortgage-backed securities | ​ |  | 76,412 | ​ |  | 0 | ​ |  | (9,730) | ​ |  | 66,682
Private label commercial mortgage-backed securities | ​ | ​ | 8,215 | ​ |  | 0 | ​ |  | (55) | ​ |  | 8,160
Total available-for-sale debt securities | ​ | $ | 464,968 | ​ | $ | 351 | ​ | $ | (49,564) | ​ | $ | 415,755
Schedule of gross unrealized losses and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2024 |  | 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 | ​ | $ | 10,231 | ​ | $ | (1,093) | ​ | $ | 10,231 | ​ | $ | (1,093)
Obligations of U.S. Government agencies | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 9,376 | ​ | ​ | (1,261) | ​ | ​ | 9,376 | ​ | ​ | (1,261)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 23,469 | ​ | ​ | (5,484) | ​ | ​ | 23,469 | ​ | ​ | (5,484)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 2,475 | ​ | ​ | (32) | ​ | ​ | 96,244 | ​ | ​ | (10,604) | ​ | ​ | 98,719 | ​ | ​ | (10,636)
Taxable | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 48,750 | ​ | ​ | (8,705) | ​ | ​ | 48,750 | ​ | ​ | (8,705)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential pass-through securities | ​ | ​ | 6,684 | ​ | ​ | (31) | ​ | ​ | 83,585 | ​ | ​ | (10,905) | ​ | ​ | 90,269 | ​ | ​ | (10,936)
Residential collateralized mortgage obligations | ​ |  | 13,255 | ​ | ​ | (141) | ​ | ​ | 31,246 | ​ | ​ | (3,835) | ​ | ​ | 44,501 | ​ | ​ | (3,976)
Commercial mortgage-backed securities | ​ |  | 2,304 | ​ | ​ | (41) | ​ | ​ | 63,817 | ​ | ​ | (10,087) | ​ | ​ | 66,121 | ​ | ​ | (10,128)
Private label commercial mortgage-backed securities | ​ | ​ | 3,336 | ​ | ​ | (17) | ​ | ​ | 4,863 | ​ | ​ | (36) | ​ | ​ | 8,199 | ​ | ​ | (53)
Total | ​ | $ | 28,054 | ​ | $ | (262) | ​ | $ | 371,581 | ​ | $ | (52,010) | ​ | $ | 399,635 | ​ | $ | (52,272)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 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 | ​ | $ | 11,290 | ​ | $ | (1,035) | ​ | $ | 11,290 | ​ | $ | (1,035)
Obligations of U.S. Government agencies | ​ | ​ | 1,595 | ​ | ​ | (9) | ​ | ​ | 8,351 | ​ | ​ | (1,164) | ​ | ​ | 9,946 | ​ | ​ | (1,173)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 23,500 | ​ | ​ | (5,452) | ​ | ​ | 23,500 | ​ | ​ | (5,452)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 3,257 | ​ | ​ | (24) | ​ | ​ | 96,758 | ​ | ​ | (9,552) | ​ | ​ | 100,015 | ​ | ​ | (9,576)
Taxable | ​ |  | 0 | ​ | ​ | 0 | ​ |  | 49,961 | ​ | ​ | (8,609) | ​ |  | 49,961 | ​ |  | (8,609)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  |  | ​ |  |
Residential pass-through securities | ​ | ​ | 3,334 | ​ | ​ | (27) | ​ | ​ | 84,297 | ​ | ​ | (10,157) | ​ | ​ | 87,631 | ​ | ​ | (10,184)
Residential collateralized mortgage obligations | ​ |  | 3,588 | ​ | ​ | (2) | ​ |  | 32,808 | ​ | ​ | (3,748) | ​ |  | 36,396 | ​ |  | (3,750)
Commercial mortgage-backed securities | ​ |  | 2,327 | ​ | ​ | (16) | ​ |  | 64,355 | ​ | ​ | (9,714) | ​ |  | 66,682 | ​ |  | (9,730)
Private label commercial mortgage-backed securities | ​ | ​ | 8,160 | ​ | ​ | (55) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 8,160 | ​ | ​ | (55)
Total | ​ | $ | 22,261 | ​ | $ | (133) | ​ | $ | 371,320 | ​ | $ | (49,431) | ​ | $ | 393,581 | ​ | $ | (49,564)
Schedule of gross realized gains and losses from available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​ | March 31, | ​
​ |  | 2024 |  | 2023 |
Gross realized gains from sales | ​ | $ | 0 | ​ | $ | 80 | ​
Gross realized losses from sales | ​ |  | 0 | ​ |  | (73) | ​
Net realized gains | ​ | $ | 0 | ​ | $ | 7 | ​
Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | March 31, 2024
​ | ​ | Amortized | ​ | Fair
​ |  | Cost |  | Value
Due in one year or less | ​ | $ | 12,117 | ​ | $ | 11,936
Due from one year through five years | ​ |  | 30,083 | ​ |  | 28,020
Due from five years through ten years | ​ |  | 75,135 | ​ |  | 65,458
Due after ten years | ​ |  | 104,720 | ​ |  | 89,743
Sub-total | ​ |  | 222,055 | ​ |  | 195,157
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  |
Residential pass-through securities | ​ |  | 102,048 | ​ |  | 91,116
Residential collateralized mortgage obligations | ​ |  | 48,477 | ​ |  | 44,501
Commercial mortgage-backed securities | ​ |  | 76,249 | ​ |  | 66,121
Private label commercial mortgage-backed securities | ​ | ​ | 8,252 | ​ | ​ | 8,199
Total | ​ | $ | 457,081 | ​ | $ | 405,094

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