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v3.25.1

SECURITIES (Tables) | 3 Months Ended
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Mar. 31, 2025
SECURITIES |
Schedule of amortized cost and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | March 31, 2025
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 8,062 | ​ | $ | 0 | ​ | $ | (778) | ​ | $ | 7,284
Obligations of U.S. Government agencies | ​ | ​ | 9,819 | ​ | ​ | 0 | ​ | ​ | (896) | ​ | ​ | 8,923
Bank holding company debt securities | ​ | ​ | 28,959 | ​ | ​ | 0 | ​ | ​ | (3,015) | ​ | ​ | 25,944
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 110,721 | ​ | ​ | 197 | ​ |  | (11,770) | ​ |  | 99,148
Taxable | ​ |  | 51,075 | ​ |  | 0 | ​ |  | (7,488) | ​ |  | 43,587
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 105,642 | ​ |  | 112 | ​ |  | (8,277) | ​ |  | 97,477
Residential collateralized mortgage obligations | ​ |  | 54,923 | ​ |  | 136 | ​ |  | (2,911) | ​ |  | 52,148
Commercial mortgage-backed securities | ​ |  | 73,232 | ​ |  | 0 | ​ |  | (7,679) | ​ |  | 65,553
Private label commercial mortgage-backed securities | ​ | ​ | 8,404 | ​ |  | 0 | ​ |  | (5) | ​ |  | 8,399
Total available-for-sale debt securities | ​ | $ | 450,837 | ​ | $ | 445 | ​ | $ | (42,819) | ​ | $ | 408,463
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) |  | December 31, 2024
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ |  | Amortized |  | Holding |  | Holding |  | Fair
​ |  | Cost |  | Gains |  | Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of the U.S. Treasury | ​ | $ | 8,067 | ​ | $ | 0 | ​ | $ | (949) | ​ | $ | 7,118
Obligations of U.S. Government agencies | ​ | ​ | 10,154 | ​ | ​ | 0 | ​ | ​ | (1,129) | ​ | ​ | 9,025
Bank holding company debt securities | ​ | ​ | 28,958 | ​ | ​ | 0 | ​ | ​ | (3,712) | ​ | ​ | 25,246
Obligations of states and political subdivisions: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Tax-exempt | ​ |  | 111,995 | ​ | ​ | 238 | ​ |  | (10,931) | ​ |  | 101,302
Taxable | ​ |  | 51,147 | ​ |  | 0 | ​ |  | (8,641) | ​ |  | 42,506
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |
Residential pass-through securities | ​ |  | 104,378 | ​ |  | 6 | ​ |  | (9,970) | ​ |  | 94,414
Residential collateralized mortgage obligations | ​ |  | 53,389 | ​ |  | 10 | ​ |  | (3,505) | ​ |  | 49,894
Commercial mortgage-backed securities | ​ |  | 73,470 | ​ |  | 0 | ​ |  | (8,969) | ​ |  | 64,501
Private label commercial mortgage-backed securities | ​ | ​ | 8,365 | ​ |  | 9 | ​ |  | 0 | ​ |  | 8,374
Total available-for-sale debt securities | ​ | $ | 449,923 | ​ | $ | 263 | ​ | $ | (47,806) | ​ | $ | 402,380
Schedule of gross unrealized losses and fair value of available-for-sale debt securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2025 |  | 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 | ​ | $ | 7,284 | ​ | ​ | (778) | ​ | $ | 7,284 | ​ | $ | (778)
Obligations of U.S. Government agencies | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 8,923 | ​ | ​ | (896) | ​ | ​ | 8,923 | ​ | ​ | (896)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 25,944 | ​ | ​ | (3,015) | ​ | ​ | 25,944 | ​ | ​ | (3,015)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 5,264 | ​ | ​ | (116) | ​ | ​ | 89,557 | ​ | ​ | (11,654) | ​ | ​ | 94,821 | ​ | ​ | (11,770)
Taxable | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 43,587 | ​ | ​ | (7,488) | ​ | ​ | 43,587 | ​ | ​ | (7,488)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential pass-through securities | ​ | ​ | 13,759 | ​ | ​ | (143) | ​ | ​ | 67,595 | ​ | ​ | (8,134) | ​ | ​ | 81,354 | ​ | ​ | (8,277)
Residential collateralized mortgage obligations | ​ |  | 6,656 | ​ | ​ | (33) | ​ | ​ | 26,274 | ​ | ​ | (2,878) | ​ | ​ | 32,930 | ​ | ​ | (2,911)
Commercial mortgage-backed securities | ​ |  | 2,341 | ​ | ​ | (13) | ​ | ​ | 63,212 | ​ | ​ | (7,666) | ​ | ​ | 65,553 | ​ | ​ | (7,679)
Private label commercial mortgage-backed securities | ​ | ​ | 8,399 | ​ | ​ | (5) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 8,399 | ​ | ​ | (5)
Total | ​ | $ | 36,419 | ​ | $ | (310) | ​ | $ | 332,376 | ​ | $ | (42,509) | ​ | $ | 368,795 | ​ | $ | (42,819)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 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 | ​ | $ | 7,118 | ​ | ​ | (949) | ​ | $ | 7,118 | ​ | $ | (949)
Obligations of U.S. Government agencies | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 9,025 | ​ | ​ | (1,129) | ​ | ​ | 9,025 | ​ | ​ | (1,129)
Bank holding company debt securities | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 25,246 | ​ | ​ | (3,712) | ​ | ​ | 25,246 | ​ | ​ | (3,712)
Obligations of states and political subdivisions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax-exempt | ​ | ​ | 6,581 | ​ | ​ | (58) | ​ | ​ | 91,316 | ​ | ​ | (10,873) | ​ | ​ | 97,897 | ​ | ​ | (10,931)
Taxable | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 42,506 | ​ | ​ | (8,641) | ​ | ​ | 42,506 | ​ | ​ | (8,641)
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential pass-through securities | ​ | ​ | 22,777 | ​ | ​ | (375) | ​ | ​ | 69,282 | ​ | ​ | (9,595) | ​ | ​ | 92,059 | ​ | ​ | (9,970)
Residential collateralized mortgage obligations | ​ |  | 19,586 | ​ | ​ | (156) | ​ | ​ | 27,157 | ​ | ​ | (3,349) | ​ | ​ | 46,743 | ​ | ​ | (3,505)
Commercial mortgage-backed securities | ​ |  | 2,314 | ​ | ​ | (38) | ​ | ​ | 62,187 | ​ | ​ | (8,931) | ​ | ​ | 64,501 | ​ | ​ | (8,969)
Total | ​ | $ | 51,258 | ​ | $ | (627) | ​ | $ | 333,837 | ​ | $ | (47,179) | ​ | $ | 385,095 | ​ | $ | (47,806)
Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In Thousands) | ​ | March 31, 2025
​ | ​ | Amortized | ​ | Fair
​ |  | Cost |  | Value
Due in one year or less | ​ | $ | 5,690 | ​ | $ | 5,645
Due from one year through five years | ​ |  | 33,390 | ​ |  | 31,400
Due from five years through ten years | ​ |  | 80,940 | ​ |  | 73,151
Due after ten years | ​ |  | 88,616 | ​ |  | 74,690
Sub-total | ​ |  | 208,636 | ​ |  | 184,886
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: | ​ |  |  | ​ |  | ​
Residential pass-through securities | ​ |  | 105,642 | ​ |  | 97,477
Residential collateralized mortgage obligations | ​ |  | 54,923 | ​ |  | 52,148
Commercial mortgage-backed securities | ​ |  | 73,232 | ​ |  | 65,553
Private label commercial mortgage-backed securities | ​ | ​ | 8,404 | ​ | ​ | 8,399
Total | ​ | $ | 450,837 | ​ | $ | 408,463

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