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v3.23.3

Securities (Tables) | 9 Months Ended
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Sep. 30, 2023
Securities [Abstract] |
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities |
| September 30, 2023
|  |  |  | Gross |  | Gross |  |  | Allowance |  |  |
| Amortized |  | Unrealized |  | Unrealized |  |  | for Credit |  | Fair
| Cost |  | Gains |  | Losses |  |  | Losses |  | Value
| (In Thousands)
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 43,182 |  | $ | - |  | $ | (3,291) |  | $ | - |  | $ | 39,891
U.S. Government agencies |  | 21,355 |  |  | - |  |  | (3,305) |  |  | - |  |  | 18,050
States and political subdivisions |  | 151,953 |  |  | - |  |  | (33,412) |  |  | - |  |  | 118,541
Mortgage-backed securities- |  |  |  |  |  |  |  |  |  |  |  |  |  |
government sponsored entities |  | 246,996 |  |  | - |  |  | (42,979) |  |  | - |  |  | 204,017
Total debt securities | $ | 463,486 |  | $ | - |  | $ | (82,987) |  | $ | - |  | $ | 380,499
| December 31, 2022
|  |  |  | Gross |  | Gross |  |  |  |  |  |
| Amortized |  | Unrealized |  | Unrealized |  |  | Fair |
| Cost |  | Gains |  | Losses |  |  | Value |
| (In Thousands)
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 45,066 |  | $ | - |  | $ | (3,212) |  | $ | 41,854 |  |  |
U.S. Government agencies |  | 21,266 |  |  | - |  |  | (2,943) |  |  | 18,323 |  |  |
States and political subdivisions |  | 157,524 |  |  | 2 |  |  | (29,674) |  |  | 127,852 |  |  |
Mortgage-backed securities-government |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored entities |  | 268,400 |  |  | - |  |  | (37,502) |  |  | 230,898 |  |  |
Total debt securities | $ | 492,256 |  | $ | 2 |  | $ | (73,331) |  | $ | 418,927 |  |  |
Schedule of 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 |
| September 30, 2023
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury securities | $ | - |  | $ | - |  | $ | 39,891 |  | $ | (3,291) |  | $ | 39,891 |  | $ | (3,291)
U.S. Government agencies |  | - |  |  | - |  |  | 18,050 |  |  | (3,305) |  |  | 18,050 |  |  | (3,305)
States and political subdivisions |  | 3,557 |  |  | (86) |  |  | 114,984 |  |  | (33,326) |  |  | 118,541 |  |  | (33,412)
Mortgage-backed securities-government sponsored entities |  | - |  |  | - |  |  | 204,017 |  |  | (42,979) |  |  | 204,017 |  |  | (42,979)
| $ | 3,557 |  | $ | (86) |  | $ | 376,942 |  | $ | (82,901) |  | $ | 380,499 |  | $ | (82,987)
| December 31, 2022
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury securities | $ | 25,733 |  | $ | (849) |  | $ | 16,121 |  | $ | (2,363) |  | $ | 41,854 |  | $ | (3,212)
U.S. Government agencies |  | 8,321 |  |  | (885) |  |  | 10,002 |  |  | (2,058) |  |  | 18,323 |  |  | (2,943)
States and political subdivisions |  | 66,680 |  |  | (11,194) |  |  | 57,367 |  |  | (18,480) |  |  | 124,047 |  |  | (29,674)
Mortgage-backed securities-government sponsored entities |  | 102,361 |  |  | (10,639) |  |  | 128,537 |  |  | (26,863) |  |  | 230,898 |  |  | (37,502)
| $ | 203,095 |  | $ | (23,567) |  | $ | 212,027 |  | $ | (49,764) |  | $ | 415,122 |  | $ | (73,331)
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity |
| Available for Sale
| Amortized Cost |  | Fair Value
|  | (In Thousands)
Due in one year or less | $ | 13,011 |  | $ | 12,855
Due after one year through five years |  | 44,329 |  |  | 40,605
Due after five years through ten years |  | 67,853 |  |  | 52,653
Due after ten years |  | 91,297 |  |  | 70,369
|  | 216,490 |  |  | 176,482
Mortgage-backed securities-government sponsored entities |  | 246,996 |  |  | 204,017
| $ | 463,486 |  | $ | 380,499
Gross Realized Gains and Losses on Sales of Securities Available-for-Sale |
| Three Months |  | Nine Months
| Ended September 30, |  | Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Gross realized gains | $ | — |  | $ | — |  | $ | 4 |  | $ | —
Gross realized losses |  | — |  |  | — |  |  | (213) |  |  | —
Net realized gains (losses) | $ | — |  | $ | — |  | $ | (209) |  | $ | —
Proceeds from sales of securities | $ | — |  | $ | — |  | $ | 3,345 |  | $ | —

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