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v3.24.3

SECURITIES (Tables) | 9 Months Ended
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Sep. 30, 2024
SECURITIES |
Schedule of amortized cost and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | September 30, 2024
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 8,072 | ​ | $ | 0 | ​ | $ | (751) | ​ | $ | 7,321
Obligations of U.S. Government agencies | ​ | ​ | 10,271 | ​ | ​ | 0 | ​ | ​ | (895) | ​ | ​ | 9,376
Bank holding company debt securities | ​ | ​ | 28,956 | ​ | ​ | 0 | ​ | ​ | (5,007) | ​ | ​ | 23,949
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 113,093 | ​ | ​ | 342 | ​ |  | (8,499) | ​ |  | 104,936
Taxable | ​ |  | 55,182 | ​ |  | 0 | ​ |  | (6,748) | ​ |  | 48,434
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 101,545 | ​ |  | 248 | ​ |  | (7,740) | ​ |  | 94,053
Residential collateralized mortgage obligations | ​ |  | 48,251 | ​ |  | 233 | ​ |  | (2,883) | ​ |  | 45,601
Commercial mortgage-backed securities | ​ |  | 73,695 | ​ |  | 22 | ​ |  | (7,327) | ​ |  | 66,390
Private label commercial mortgage-backed securities | ​ | ​ | 8,327 | ​ |  | 35 | ​ |  | 0 | ​ |  | 8,362
Total available-for-sale debt securities | ​ | $ | 447,392 | ​ | $ | 880 | ​ | $ | (39,850) | ​ | $ | 408,422
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
September 30, 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 | ​ | $ | 7,321 | ​ | ​ | (751) | ​ | $ | 7,321 | ​ | $ | (751)
Obligations of U.S. Government agencies | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 9,376 | ​ | ​ | (895) | ​ | ​ | 9,376 | ​ | ​ | (895)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 23,949 | ​ | ​ | (5,007) | ​ | ​ | 23,949 | ​ | ​ | (5,007)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 499 | ​ | ​ | (1) | ​ | ​ | 96,678 | ​ | ​ | (8,498) | ​ | ​ | 97,177 | ​ | ​ | (8,499)
Taxable | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 45,475 | ​ | ​ | (6,748) | ​ | ​ | 45,475 | ​ | ​ | (6,748)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential pass-through securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 74,328 | ​ | ​ | (7,740) | ​ | ​ | 74,328 | ​ | ​ | (7,740)
Residential collateralized mortgage obligations | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 29,050 | ​ | ​ | (2,883) | ​ | ​ | 29,050 | ​ | ​ | (2,883)
Commercial mortgage-backed securities | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 64,018 | ​ | ​ | (7,327) | ​ | ​ | 64,018 | ​ | ​ | (7,327)
Total | ​ | $ | 499 | ​ | $ | (1) | ​ | $ | 350,195 | ​ | $ | (39,849) | ​ | $ | 350,694 | ​ | $ | (39,850)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​ | September 30, | ​ | September 30, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Gross realized gains from sales | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 89 | ​
Gross realized losses from sales | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | (83) | ​
Net realized (losses) gains | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 6 | ​
Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | September 30, 2024
​ | ​ | Amortized | ​ | Fair
​ |  | Cost |  | Value
Due in one year or less | ​ | $ | 9,459 | ​ | $ | 9,408
Due from one year through five years | ​ |  | 30,098 | ​ |  | 28,615
Due from five years through ten years | ​ |  | 78,690 | ​ |  | 70,407
Due after ten years | ​ |  | 97,327 | ​ |  | 85,586
Sub-total | ​ |  | 215,574 | ​ |  | 194,016
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  | ​
Residential pass-through securities | ​ |  | 101,545 | ​ |  | 94,053
Residential collateralized mortgage obligations | ​ |  | 48,251 | ​ |  | 45,601
Commercial mortgage-backed securities | ​ |  | 73,695 | ​ |  | 66,390
Private label commercial mortgage-backed securities | ​ | ​ | 8,327 | ​ | ​ | 8,362
Total | ​ | $ | 447,392 | ​ | $ | 408,422

X
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