Securities	12 Months Ended
Dec. 31, 2021
Securities [Abstract]
Securities	NOTE 3 - SECURITIES The amortized cost, gross unrealized gains and losses, and fair value of securities were as follows: December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands)AVAILABLE FOR SALE: U.S. Treasury securities$ 19,550 $ 6 $ (205) $ 19,351U.S. Government agencies 16,251 24 (264) 16,011States and political subdivisions 145,107 2,155 (1,395) 145,867Mortgage-backed securities- government sponsored entities 227,712 766 (2,925) 225,553 Total debt securities$ 408,620 $ 2,951 $ (4,789) $ 406,782 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands)AVAILABLE FOR SALE: U.S. Government agencies$ 3,998 $ — $ (29) $ 3,969States and political subdivisions 70,672 2,419 — 73,091Corporate obligations 3,019 13 — 3,032Mortgage-backed securities- government sponsored entities 143,712 2,809 (27) 146,494 Total debt securities$ 221,401 $ 5,241 $ (56) $ 226,586 The following tables show the Company’s investments’ gross unrealized losses and fair value aggregated by security type and length of time that individual securities have been in a continuous unrealized loss position (in thousands): December 31, 2021 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized LossesU.S. Treasury securities$ 18,361 $ (205) $ — $ — $ 18,361 $ (205)U.S. Government agencies 7,912 (109) 3,843 (155) 11,755 (264)States and political subdivisions 74,658 (1,395) — — 74,658 (1,395)Mortgage-backed securities-government sponsored entities 170,647 (2,856) 2,919 (69) 173,566 (2,925) $ 271,578 $ (4,565) $ 6,762 $ (224) $ 278,340 $ (4,789) December 31, 2020 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized LossesU.S. Government agencies$ 3,969 (29) $ — $ — $ 3,969 $ (29)Mortgage-backed securities-government sponsored entities 4,980 $ (27) — — 4,980 (27) $ 8,949 $ (56) $ — $ — $ 8,949 $ (56) The Company has 137 debt securities in the less than twelve month category and 3 debt securities in the twelve months or more category as of December 31, 2021. In management’s opinion, the unrealized losses on securities reflect changes in interest rates subsequent to the acquisition of specific securities. No other-than-temporary-impairment charges were recorded in 2021. Management believes that all other unrealized losses represent temporary impairment of the securities, and it is more likely than not that it will not have to sell the securities before recovery of their cost basis. The amortized cost and fair value of debt securities as of December 31, 2021 by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In Thousands)Due in one year or less$ 1,086 $ 1,093Due after one year through five years 11,268 11,488Due after five years through ten years 54,965 54,392Due after ten years 113,589 114,256 180,908 181,229 Mortgage-backed securities - government sponsored entities 227,712 225,553 $ 408,620 $ 406,782 Gross realized gains and gross realized losses on sales of securities available for sale were $92,000 and $0, respectively, in 2021, compared to $71,000 and $0, respectively, in 2020. The proceeds from the sales of securities totaled $11,366,000 and $24,497,000 for the years ended December 31, 2021 and 2020, respectively. Securities with a carrying value of $339,769,000 and $199,361,000 at December 31, 2021 and 2020, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law.

Securities

12 Months Ended

Dec. 31, 2021

NOTE 3 - SECURITIES The amortized cost, gross unrealized gains and losses, and fair value of securities were as follows: December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands)AVAILABLE FOR SALE: U.S. Treasury securities$ 19,550 $ 6 $ (205) $ 19,351U.S. Government agencies 16,251 24 (264) 16,011States and political subdivisions 145,107 2,155 (1,395) 145,867Mortgage-backed securities- government sponsored entities 227,712 766 (2,925) 225,553 Total debt securities$ 408,620 $ 2,951 $ (4,789) $ 406,782 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands)AVAILABLE FOR SALE: U.S. Government agencies$ 3,998 $ — $ (29) $ 3,969States and political subdivisions 70,672 2,419 — 73,091Corporate obligations 3,019 13 — 3,032Mortgage-backed securities- government sponsored entities 143,712 2,809 (27) 146,494 Total debt securities$ 221,401 $ 5,241 $ (56) $ 226,586 The following tables show the Company’s investments’ gross unrealized losses and fair value aggregated by security type and length of time that individual securities have been in a continuous unrealized loss position (in thousands): December 31, 2021 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized LossesU.S. Treasury securities$ 18,361 $ (205) $ — $ — $ 18,361 $ (205)U.S. Government agencies 7,912 (109) 3,843 (155) 11,755 (264)States and political subdivisions 74,658 (1,395) — — 74,658 (1,395)Mortgage-backed securities-government sponsored entities 170,647 (2,856) 2,919 (69) 173,566 (2,925) $ 271,578 $ (4,565) $ 6,762 $ (224) $ 278,340 $ (4,789) December 31, 2020 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized LossesU.S. Government agencies$ 3,969 (29) $ — $ — $ 3,969 $ (29)Mortgage-backed securities-government sponsored entities 4,980 $ (27) — — 4,980 (27) $ 8,949 $ (56) $ — $ — $ 8,949 $ (56) The Company has 137 debt securities in the less than twelve month category and 3 debt securities in the twelve months or more category as of December 31, 2021. In management’s opinion, the unrealized losses on securities reflect changes in interest rates subsequent to the acquisition of specific securities. No other-than-temporary-impairment charges were recorded in 2021. Management believes that all other unrealized losses represent temporary impairment of the securities, and it is more likely than not that it will not have to sell the securities before recovery of their cost basis. The amortized cost and fair value of debt securities as of December 31, 2021 by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In Thousands)Due in one year or less$ 1,086 $ 1,093Due after one year through five years 11,268 11,488Due after five years through ten years 54,965 54,392Due after ten years 113,589 114,256 180,908 181,229 Mortgage-backed securities - government sponsored entities 227,712 225,553 $ 408,620 $ 406,782 Gross realized gains and gross realized losses on sales of securities available for sale were $92,000 and $0, respectively, in 2021, compared to $71,000 and $0, respectively, in 2020. The proceeds from the sales of securities totaled $11,366,000 and $24,497,000 for the years ended December 31, 2021 and 2020, respectively. Securities with a carrying value of $339,769,000 and $199,361,000 at December 31, 2021 and 2020, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law.