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SECURITIES (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

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- Definition

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+ References

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+ References

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