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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Available-For-Sale

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

Schedule of Investment Available-For-Sale

AVAILABLE-FOR-SALE:

Investment Securities

						Gross				Gross
		Amortized				Unrealized				Unrealized
(Dollars in thousands)		Cost				Gains				Losses				Fair Value
June 30, 2022
US Treasury securities		$	60,454			$	—			$	(3,131	)		$	57,323
Government Sponsored Enterprises			2,500				—				(311	)			2,189
Mortgage-backed securities			256,725				29				(12,933	)			243,821
Small Business Administration pools			25,830				148				(415	)			25,563
State and local government							—				—				—
Corporate and other securities			8,773				47				(462	)			8,358
Total		$	354,282			$	224			$	(17,252	)		$	337,254
						Gross				Gross
		Amortized				Unrealized				Unrealized
(Dollars in thousands)		Cost				Gains				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

Schedule of Held to Maturity

HELD-TO-MATURITY:

Schedule of Held to Maturity

Investment Securities (Details 2)

						Gross				Gross
		Amortized				Unrealized				Unrealized
(Dollars in thousands)		Cost				Gains				Losses				Fair Value
June 30, 2022
US Treasury securities		$	—			$	—			$	—			$	—
Government Sponsored Enterprises			—				—				—				—
Mortgage-backed securities			131,209				18				(2,698	)			128,529
Small Business Administration pools			—				—				—				—
State and local government			102,521				12				(1,864	)			100,669
Corporate and other securities			—				—				—				—
Total		$	233,730			$	30			$	(4,562	)		$	229,198

Schedule of 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 June 30, 2022 and December 31, 2021.

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

(Dollars in thousands)		Less than 12 months								12 months or more								Total
June 30, 2022		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss
US Treasury Securities		$	52,212			$	2,364			$	5,111			$	767			$	57,323			$	3,131
Government Sponsored Enterprise			2,189				311				—				—				2,189				311
Mortgage-backed securities			136,130				7,569				87,525				5,364				223,655				12,933
Small Business Administration pools			11,738				367				2,488				48				14,226				415
State and local government			—				—				—				—				—				—
Corporate and other securities			3,413				344				882				118				4,295				462
Total		$	205,682			$	10,955			$	96,006			$	6,297			$	301,688			$	17,252

(Dollars in thousands)		Less than 12 months								12 months or more								Total
December 31, 2021		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss
US Treasury Securities		$	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

[custom:DisclosureInvestmentSecuritiesDetails3Abstract]

(Dollars in thousands)		Less than 12 months								12 months or more								Total
June 30, 2022		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss
US Treasury Securities		$	52,212			$	2,364			$	5,111			$	767			$	57,323			$	3,131
Government Sponsored Enterprise			2,189				311				—				—				2,189				311
Mortgage-backed securities			136,130				7,569				87,525				5,364				223,655				12,933
Small Business Administration pools			11,738				367				2,488				48				14,226				415
State and local government			—				—				—				—				—				—
Corporate and other securities			3,413				344				882				118				4,295				462
Total		$	205,682			$	10,955			$	96,006			$	6,297			$	301,688			$	17,252

(Dollars in thousands)		Less than 12 months								12 months or more								Total
December 31, 2021		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss
US Treasury Securities		$	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

Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual held to maturity have been in a continuous loss position

Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual held to maturity have been in a continuous loss position

Investment Securities (Details 4)

(Dollars in thousands)		Less than 12 months								12 months or more								Total
June 30, 2022		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Held-to-maturity securities:		Value				Loss				Value				Loss				Value				Loss
US Treasury Securities		$	—			$	—			$	—			$	—			$	—			$	—
Government Sponsored Enterprise			—				—				—				—				—				—
Mortgage-backed securities			106,897				2,127				19,346				571				126,243				2,698
Small Business Administration pools			—				—				—				—				—				—
State and local government			94,196				1,783				2,621				81				96,817				1,864
Corporate and other securities			—				—				—				—				—				—
Total		$	201,093			$	3,910			$	21,967			$	652			$	223,060			$	4,562

Schedule of Amortized Cost and Fair Value of Investment Securities

The following sets forth the amortized cost and fair value of investment securities at June 30, 2022 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds.

Schedule of Amortized Cost and Fair Value of Investment Securities

		Available-for-sale
June 30, 2022		Amortized				Fair
(Dollars in thousands)		Cost				Value
Due in one year or less		$	6,832			$	6,522
Due after one year through five years			175,177				169,707
Due after five years through ten years			147,310				137,015
Due after ten years			24,962				24,011
Total		$	354,282			$	337,254

		Held-to-maturity
June 30, 2022		Amortized				Fair
(Dollars in thousands)		Cost				Value
Due in one year or less		$	12,393			$	12,344
Due after one year through five years			67,028				65,640
Due after five years through ten years			117,800				115,672
Due after ten years			36,509				35,542
Total		$	233,730			$	229,198

[custom:DisclosureInvestmentSecuritiesDetails5Abstract]

		Available-for-sale
June 30, 2022		Amortized				Fair
(Dollars in thousands)		Cost				Value
Due in one year or less		$	6,832			$	6,522
Due after one year through five years			175,177				169,707
Due after five years through ten years			147,310				137,015
Due after ten years			24,962				24,011
Total		$	354,282			$	337,254

		Held-to-maturity
June 30, 2022		Amortized				Fair
(Dollars in thousands)		Cost				Value
Due in one year or less		$	12,393			$	12,344
Due after one year through five years			67,028				65,640
Due after five years through ten years			117,800				115,672
Due after ten years			36,509				35,542
Total		$	233,730			$	229,198

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563

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