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Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Securities  
Summary of available for sale debt securities

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December 31, 2024

 

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​

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Gross

    

Gross

    

​

​

 

​

​

Amortized

​

Unrealized

​

Unrealized

​

​

 

(Dollars in thousands)

​

Cost

​

Gains

​

Losses

​

Fair Value

 

U.S. Treasury securities

​

$

10,985

​

$

—

​

$

(285)

​

$

10,700

​

U.S. government agencies and corporations

​

​

68,772

​

​

—

​

​

(8,113)

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​

60,659

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Mortgage-backed securities

​

 

197,923

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69

​

 

(15,556)

​

 

182,436

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Obligations of states and political subdivisions

​

 

147,532

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691

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​

(4,613)

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143,610

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Corporate and other debt securities

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​

23,404

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29

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(2,213)

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​

21,220

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$

448,616

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$

789

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$

(30,780)

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$

418,625

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​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

 

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​

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Gross

    

Gross

    

​

​

 

​

​

Amortized

​

Unrealized

​

Unrealized

​

​

 

(Dollars in thousands)

​

Cost

​

Gains

​

Losses

​

Fair Value

 

U.S. Treasury securities

​

$

45,883

​

$

—

​

$

(780)

​

$

45,103

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U.S. government agencies and corporations

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​

96,407

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​

—

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​

(9,313)

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​

87,094

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Mortgage-backed securities

​

 

177,734

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185

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(16,223)

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161,696

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Obligations of states and political subdivisions

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148,875

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2,280

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(4,044)

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147,111

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Corporate and other debt securities

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25,193

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—

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(3,753)

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21,440

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​

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$

494,092

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$

2,465

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$

(34,113)

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$

462,444

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Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity

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December 31, 2024

 

​

    

Amortized

    

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(Dollars in thousands)

​

Cost

​

Fair Value

 

Due in one year or less

​

$

69,210

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$

66,454

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Due after one year through five years

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184,479

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170,833

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Due after five years through ten years

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137,716

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127,666

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Due after ten years

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57,211

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53,672

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​

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$

448,616

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$

418,625

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Schedule of gross realized gains and losses and the proceeds

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Year Ended December 31, 

(Dollars in thousands)

    

2024

    

2023

 

2022

Realized gains from sales, maturities and calls of securities:

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Gross realized gains

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$

—

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$

—

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$

—

Gross realized losses

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—

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(5)

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—

Net realized losses

​

$

—

​

$

(5)

​

$

—

Proceeds from sales, maturities, calls and paydowns of securities

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$

100,601

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$

100,812

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$

55,328
Schedule of securities in an unrealized loss position

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​

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​

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Less Than 12 Months

​

12 Months or More

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Total

 

​

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

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Value

​

Loss

​

Value

​

Loss

​

   Value   

​

Loss

 

U.S. Treasury securities

​

$

—

​

$

—

​

$

10,700

​

$

285

​

$

10,700

​

$

285

​

U.S. government agencies and corporations

​

​

—

​

​

—

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​

60,659

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​

8,113

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​

60,659

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​

8,113

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Mortgage-backed securities

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53,734

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1,253

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123,307

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14,303

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177,041

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15,556

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Obligations of states and political subdivisions

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31,981

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​

412

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66,743

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4,201

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98,724

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4,613

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Corporate and other debt securities

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​

474

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26

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19,717

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​

2,187

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20,191

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​

2,213

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Total

​

$

86,189

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$

1,691

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$

281,126

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$

29,089

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$

367,315

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$

30,780

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Less Than 12 Months

​

12 Months or More

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Total

 

​

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

​

Value

​

Loss

​

Value

​

Loss

​

   Value   

​

Loss

 

U.S. Treasury securities

​

$

—

​

$

—

​

$

45,103

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$

780

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$

45,103

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$

780

​

U.S. government agencies and corporations

​

​

—

​

​

—

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​

87,094

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​

9,313

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​

87,094

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​

9,313

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Mortgage-backed securities

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​

5,528

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​

68

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150,023

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16,155

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155,551

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16,223

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Obligations of states and political subdivisions

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​

4,659

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​

72

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65,630

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3,972

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70,289

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​

4,044

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Corporate and other debt securities

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3,386

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364

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18,054

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​

3,389

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21,440

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3,753

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Total

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$

13,573

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$

504

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$

365,904

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$

33,609

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$

379,477

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$

34,113

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