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INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

The amortized cost and estimated fair values of investment securities

The amortized cost and estimated fair values of investment securities are summarized below:

AVAILABLE-FOR-SALE:

INVESTMENT SECURITIES

(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
December 31, 2021
US Treasury securities		$	15,736			$	—			$	300			$	15,436
Government Sponsored Enterprises			2,499				2				—				2,501
Mortgage-backed securities			398,125				3,596				3,992				397,729
Small Business Administration pools			30,835				505				67				31,273
State and local government			105,469				4,918				539				109,848
Corporate and other securities			8,024				157				129				8,052
Total		$	560,688			$	9,178			$	5,027			$	564,839

(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
December 31, 2020
US Treasury securities		$	1,501			$	1			$	—			$	1,502
Government Sponsored Enterprises			996				10				—				1,006
Mortgage-backed securities			222,739				7,375				185				229,929
Small Business Administration pools			34,577				928				7				35,498
State and local government			82,495				6,184				76				88,603
Corporate and other securities			3,272				56				—				3,328
Total		$	345,580			$	14,554			$	268			$	359,866

The amortized cost and fair value of investment securities

The amortized cost and fair value of investment securities at December 31, 2021, by expected maturity, follow. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. Mortgage-backed securities are included in the year corresponding with the remaining expected life. There were no Held-to-maturity securities as of December 31, 2021.

INVESTMENT SECURITIES (Details 2)

(Dollars in thousands)		Available-for-sale
		Amortized Cost				Fair Value
Due in one year or less		$	20,036			$	20,176
Due after one year through five years			175,313				177,320
Due after five years through ten years			237,914				241,008
Due after ten years			127,425				126,335
		$	560,688			$	564,839

The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position

The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position at December 31, 2021 and December 31, 2020.

INVESTMENT SECURITIES (Details 3)


		Less than 12 months								12 months or more								Total
December 31, 2021 (Dollars in thousands)		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
Available-for-sale securities:
US Treasury		$	14,479			$	264			$	958			$	36			$	15,437			$	300
Mortgage-Backed Securities			200,238				3,156				48,570				836				248,808				3,992
Small Business Administration pools			7,232				67				—				—				7,232				67
State and local government			21,261				539				—				—				21,261				539
Corporate and Other Securities			3,621				129				—				—				3,621				129
Total		$	246,831			$	4,155			$	49,528			$	872			$	296,359			$	5,027

		Less than 12 months								12 months or more								Total
December 31, 2020 (Dollars in thousands)		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
Available-for-sale securities:
US Treasury		$	—			$	—			$	—			$	—			$	—			$	—
Mortgage-backed securities			21,298				152				1,414				33				22,712				185
Small Business Administration pools			—				—				1,323				7				1,323				7
State and local government			4,930				76				—				—				4,930				76
Total		$	26,228			$	228			$	2,737			$	40			$	28,965			$	268