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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
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, 2022                    
US Treasury securities  $60,552   $   $(4,569)  $55,983 
Government Sponsored Enterprises   2,500        (426)   2,074 
Mortgage-backed securities   263,704    10    (19,114)   244,600 
Small Business Administration pools   21,657    60    (630)   21,087 
State and local government                
Corporate and other securities   8,772    12    (666)   8,118 
Total  $357,185   $82   $(25,405)  $331,862 
                     
(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 
HELD-TO-MATURITY

HELD-TO-MATURITY:

INVESTMENT SECURITIES (Details 2)
(Dollars in thousands)  Amortized
Cost
   Gross
Unrealized
Gains
   Gross
Unrealized
Losses
   Fair Value 
December 31, 2022                    
US Treasury securities  $   $   $   $ 
Government Sponsored Enterprises                
Mortgage-backed securities   121,772        (8,656)   113,116 
Small Business Administration pools                
State and local government   106,929        (6,432)   100,497 
Corporate and other securities                
Total  $228,701   $   $(15,088)  $213,613 
Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities

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 
December 31, 2022  Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
Available-for-sale securities:  Value   Loss   Value   Loss   Value   Loss 
US Treasury Securities  $28,827   $1,032   $27,156   $3,537   $55,983   $4,569 
Government Sponsored Enterprise           2,074    426    2,074    426 
Mortgage-backed securities   81,961    4,435    159,227    14,679    241,188    19,114 
Small Business Administration pools   16,066    453    2,592    177    18,658    630 
State and local government                        
Corporate and other securities   2,128    146    3,230    520    5,358    666 
Total  $128,982   $6,067   $194,279   $19,338   $323,261   $25,405 

 

(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 
December 31, 2022  Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
Available-for-sale securities:  Value   Loss   Value   Loss   Value   Loss 
US Treasury Securities  $28,827   $1,032   $27,156   $3,537   $55,983   $4,569 
Government Sponsored Enterprise           2,074    426    2,074    426 
Mortgage-backed securities   81,961    4,435    159,227    14,679    241,188    19,114 
Small Business Administration pools   16,066    453    2,592    177    18,658    630 
State and local government                        
Corporate and other securities   2,128    146    3,230    520    5,358    666 
Total  $128,982   $6,067   $194,279   $19,338   $323,261   $25,405 

 

(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 
December 31, 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   98,971    7,249    14,145    1,407    113,116    8,656 
Small Business Administration pools                        
State and local government   92,140    5,518    8,357    914    100,497    6,432 
Corporate and other securities                        
Total  $191,111   $12,767   $22,502   $2,321   $213,613   $15,088 
Schedule of Amortized Cost and Fair Value of Investment Securities

The amortized cost and fair value of investment securities at December 31, 2022, 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.

AVAILABLE-FOR-SALE:

INVESTMENT SECURITIES (Details 5)
(Dollars in thousands)  Available-for-sale 
   Amortized
Cost
   Fair
Value
 
Due in one year or less  $1,215   $1,214 
Due after one year through five years   111,088    106,385 
Due after five years through ten years   221,565    203,959 
Due after ten years   23,317    20,304 
   $357,185   $331,862