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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2025
SECURITIES  
Schedule of amortized cost and fair value of available-for-sale debt securities

(In Thousands)

    

June 30, 2025

Gross

Gross

Unrealized

Unrealized

 

Amortized

 

Holding

 

Holding

 

Fair

    

Cost

    

Gains

    

Losses

    

Value

Obligations of the U.S. Treasury

$

8,057

$

0

$

(683)

$

7,374

Obligations of U.S. Government agencies

9,790

0

(794)

8,996

Bank holding company debt securities

28,961

0

(3,194)

25,767

Obligations of states and political subdivisions:

 

 

 

 

  

Tax-exempt

 

109,330

218

 

(11,588)

 

97,960

Taxable

 

50,499

 

0

 

(7,281)

 

43,218

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

 

 

 

 

  

Residential pass-through securities

 

100,257

 

158

 

(6,885)

 

93,530

Residential collateralized mortgage obligations

 

53,465

 

271

 

(2,607)

 

51,129

Commercial mortgage-backed securities

 

74,380

 

5

 

(7,377)

 

67,008

Private label commercial mortgage-backed securities

5,578

6

(4)

5,580

Asset-backed securities,

Collateralized loan obligations

5,500

 

0

 

(10)

 

5,490

Total available-for-sale debt securities

$

445,817

$

658

$

(40,423)

$

406,052

(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

June 30, 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

$

7,374

(683)

$

7,374

$

(683)

Obligations of U.S. Government agencies

0

0

8,996

(794)

8,996

(794)

Bank holding company debt securities

0

0

25,767

(3,194)

25,767

(3,194)

Obligations of states and political subdivisions:

Tax-exempt

4,436

(100)

87,988

(11,488)

92,424

(11,588)

Taxable

 

0

0

43,158

(7,281)

43,158

(7,281)

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

 

Residential pass-through securities

12,450

(101)

61,668

(6,784)

74,118

(6,885)

Residential collateralized mortgage obligations

 

6,312

(39)

25,058

(2,568)

31,370

(2,607)

Commercial mortgage-backed securities

 

0

0

64,647

(7,377)

64,647

(7,377)

Private label commercial mortgage-backed securities

3,447

(4)

0

0

3,447

(4)

Asset-backed securities,

Collateralized loan obligations

2,490

(10)

0

0

2,490

(10)

Total

$

29,135

$

(254)

$

324,656

$

(40,169)

$

353,791

$

(40,423)

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)

June 30, 2025

Amortized

Fair

    

Cost

    

Value

Due in one year or less

$

4,740

$

4,712

Due from one year through five years

 

34,733

 

32,898

Due from five years through ten years

 

80,493

 

73,131

Due after ten years

 

86,671

 

72,574

Sub-total

 

206,637

 

183,315

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

 

  

 

Residential pass-through securities

 

100,257

 

93,530

Residential collateralized mortgage obligations

 

53,465

 

51,129

Commercial mortgage-backed securities

 

74,380

 

67,008

Private label commercial mortgage-backed securities

5,578

5,580

Asset-backed securities,

Collateralized loan obligations

5,500

5,490

Total

$

445,817

$

406,052