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v3.25.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
Securities |
Summary of available for sale debt securities | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 |
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ | ​ |
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | ​ |
(Dollars in thousands) | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Fair Value |
U.S. Treasury securities | ​ | $ | 4,989 | ​ | $ | — | ​ | $ | (220) | ​ | $ | 4,769 | ​
U.S. government agencies and corporations | ​ | ​ | 68,773 | ​ | ​ | — | ​ | ​ | (6,854) | ​ | ​ | 61,919 | ​
Mortgage-backed securities | ​ |  | 210,999 | ​ |  | 583 | ​ |  | (12,185) | ​ |  | 199,397 | ​
Obligations of states and political subdivisions | ​ |  | 147,256 | ​ |  | 548 | ​ | ​ | (4,308) | ​ |  | 143,496 | ​
Corporate and other debt securities | ​ | ​ | 23,652 | ​ | ​ | 23 | ​ | ​ | (1,743) | ​ | ​ | 21,932 | ​
​ | ​ | $ | 455,669 | ​ | $ | 1,154 | ​ | $ | (25,310) | ​ | $ | 431,513 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024 |
​ |  | ​ | ​ |  | 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) | ​ | ​ | 60,659 | ​
Mortgage-backed securities | ​ |  | 197,923 | ​ |  | 69 | ​ |  | (15,556) | ​ |  | 182,436 | ​
Obligations of states and political subdivisions | ​ |  | 147,532 | ​ |  | 691 | ​ |  | (4,613) | ​ |  | 143,610 | ​
Corporate and other debt securities | ​ |  | 23,404 | ​ |  | 29 | ​ |  | (2,213) | ​ |  | 21,220 | ​
​ | ​ | $ | 448,616 | ​ | $ | 789 | ​ | $ | (30,780) | ​ | $ | 418,625 | ​
Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 |
​ |  | Amortized |  | ​ |
(Dollars in thousands) | ​ | Cost | ​ | Fair Value |
Due in one year or less | ​ | $ | 67,719 | ​ | $ | 65,507 | ​
Due after one year through five years | ​ |  | 179,812 | ​ |  | 169,117 | ​
Due after five years through ten years | ​ |  | 138,031 | ​ |  | 129,762 | ​
Due after ten years | ​ |  | 70,107 | ​ |  | 67,127 | ​
​ | ​ | $ | 455,669 | ​ | $ | 431,513 | ​
Schedule of gross realized gains and losses and the proceeds | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
(Dollars in thousands) |  | 2025 |  | 2024
Realized gains from sales, maturities and calls of securities: | ​ | ​ | ​ | ​ | ​ | ​
Gross realized gains | ​ | $ | — | ​ | $ | —
Gross realized losses | ​ |  | — | ​ |  | —
Net realized losses | ​ | $ | — | ​ | $ | —
Proceeds from sales, maturities, calls and paydowns of securities | ​ | $ | 17,176 | ​ | $ | 37,324
Schedule of securities in an unrealized loss position | Securities in an unrealized loss position at March 31, 2025, by duration of the period of the unrealized loss, are shown below. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or More | ​ | Total |
​ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |
(Dollars in thousands) | ​ | Value | ​ | Loss | ​ | Value | ​ | Loss | ​ | Value | ​ | Loss |
U.S. Treasury securities | ​ | $ | — | ​ | $ | — | ​ | $ | 4,769 | ​ | $ | 220 | ​ | $ | 4,769 | ​ | $ | 220 | ​
U.S. government agencies and corporations | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 61,919 | ​ | ​ | 6,854 | ​ | ​ | 61,919 | ​ | ​ | 6,854 | ​
Mortgage-backed securities | ​ |  | 34,422 | ​ | ​ | 457 | ​ |  | 118,296 | ​ |  | 11,728 | ​ |  | 152,718 | ​ |  | 12,185 | ​
Obligations of states and political subdivisions | ​ |  | 32,175 | ​ | ​ | 600 | ​ |  | 62,499 | ​ |  | 3,708 | ​ |  | 94,674 | ​ |  | 4,308 | ​
Corporate and other debt securities | ​ | ​ | 488 | ​ | ​ | 12 | ​ | ​ | 19,671 | ​ | ​ | 1,731 | ​ | ​ | 20,159 | ​ | ​ | 1,743 | ​
Total | ​ | $ | 67,085 | ​ | $ | 1,069 | ​ | $ | 267,154 | ​ | $ | 24,241 | ​ | $ | 334,239 | ​ | $ | 25,310 | ​
Securities in an unrealized loss position at December 31, 2024, by duration of the period of the unrealized loss, are shown below. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or More | ​ | Total |
​ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |
(Dollars in thousands) | ​ | Value | ​ | Loss | ​ | Value | ​ | Loss | ​ | Value | ​ | Loss |
U.S. Treasury securities | ​ | $ | — | ​ | $ | — | ​ | $ | 10,700 | ​ | $ | 285 | ​ | $ | 10,700 | ​ | $ | 285 | ​
U.S. government agencies and corporations | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 60,659 | ​ | ​ | 8,113 | ​ | ​ | 60,659 | ​ | ​ | 8,113 | ​
Mortgage-backed securities | ​ | ​ | 53,734 | ​ | ​ | 1,253 | ​ |  | 123,307 | ​ |  | 14,303 | ​ |  | 177,041 | ​ |  | 15,556 | ​
Obligations of states and political subdivisions | ​ | ​ | 31,981 | ​ | ​ | 412 | ​ | ​ | 66,743 | ​ |  | 4,201 | ​ | ​ | 98,724 | ​ | ​ | 4,613 | ​
Corporate and other debt securities | ​ |  | 474 | ​ | ​ | 26 | ​ |  | 19,717 | ​ | ​ | 2,187 | ​ |  | 20,191 | ​ |  | 2,213 | ​
Total | ​ | $ | 86,189 | ​ | $ | 1,691 | ​ | $ | 281,126 | ​ | $ | 29,089 | ​ | $ | 367,315 | ​ | $ | 30,780 | ​

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