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

(In Thousands)

    

September 30, 2025

Gross

Gross

Unrealized

Unrealized

 

Amortized

 

Holding

 

Holding

 

Fair

    

Cost

    

Gains

    

Losses

    

Value

Obligations of the U.S. Treasury

$

8,052

$

0

$

(623)

$

7,429

Obligations of U.S. Government agencies

9,436

0

(766)

8,670

Bank holding company debt securities

28,963

0

(2,672)

26,291

Obligations of states and political subdivisions:

 

 

 

 

  

Tax-exempt

 

105,922

275

 

(8,669)

 

97,528

Taxable

 

50,373

 

1

 

(6,512)

 

43,862

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

 

 

 

 

  

Residential pass-through securities

 

107,771

 

451

 

(6,287)

 

101,935

Residential collateralized mortgage obligations

 

54,678

 

52

 

(2,310)

 

52,420

Commercial mortgage-backed securities

 

72,433

 

13

 

(6,749)

 

65,697

Private label commercial mortgage-backed securities

3,471

0

0

3,471

Asset-backed securities,

Collateralized loan obligations

8,000

 

11

 

(1)

 

8,010

Total available-for-sale debt securities

$

449,099

$

803

$

(34,589)

$

415,313

(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

September 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

$

7,429

$

(623)

$

7,429

$

(623)

Obligations of U.S. Government agencies

0

0

8,670

(766)

8,670

(766)

Bank holding company debt securities

0

0

26,291

(2,672)

26,291

(2,672)

Obligations of states and political subdivisions:

Tax-exempt

554

(11)

86,573

(8,658)

87,127

(8,669)

Taxable

 

0

0

43,289

(6,512)

43,289

(6,512)

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

 

Residential pass-through securities

6,631

(32)

59,944

(6,255)

66,575

(6,287)

Residential collateralized mortgage obligations

 

15,224

(28)

21,952

(2,282)

37,176

(2,310)

Commercial mortgage-backed securities

 

861

(10)

62,464

(6,739)

63,325

(6,749)

Private label commercial mortgage-backed securities

0

0

0

0

0

0

Asset-backed securities,

Collateralized loan obligations

2,999

(1)

0

0

2,999

(1)

Total

$

26,269

$

(82)

$

316,612

$

(34,507)

$

342,881

$

(34,589)

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)

September 30, 2025

Amortized

Fair

    

Cost

    

Value

Due in one year or less

$

2,691

$

2,679

Due from one year through five years

 

36,667

 

35,024

Due from five years through ten years

 

78,966

 

73,179

Due after ten years

 

84,422

 

72,898

Sub-total

 

202,746

 

183,780

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

 

  

 

Residential pass-through securities

 

107,771

 

101,935

Residential collateralized mortgage obligations

 

54,678

 

52,420

Commercial mortgage-backed securities

 

72,433

 

65,697

Private label commercial mortgage-backed securities

3,471

3,471

Asset-backed securities,

Collateralized loan obligations

8,000

8,010

Total

$

449,099

$

415,313