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Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract] |
Schedule of amortized cost and fair value of debt securities available-for-sale | The amortized cost, gross unrealized gains and losses, and fair value of debt securities classified as available-for-sale at December 31, 2021 and 2020 were as follows:
| Total Amortized Cost |  | Gross Unrealized |  | Fair Value
(in thousands) |  | Gains |  | Losses |
December 31, 2021 |  |  |  |  |  |  |
U.S. Treasury | $ | 3,909 |  |  | $ | 11 |  |  | $ | (3) |  |  | $ | 3,917 |
U.S. government and federal agency obligations | 1,314 |  |  | 5 |  |  | — |  |  | 1,319 |
U.S. government-sponsored enterprises | 26,498 |  |  | 70 |  |  | (196) |  |  | 26,372 |
Obligations of states and political subdivisions | 128,093 |  |  | 1,605 |  |  | (474) |  |  | 129,224 |
Mortgage-backed securities | 137,286 |  |  | 791 |  |  | (1,611) |  |  | 136,466 |
Other debt securities (a) | 11,825 |  |  | 482 |  |  | (23) |  |  | 12,284 |
Bank issued trust preferred securities (a) | 1,486 |  |  | — |  |  | (198) |  |  | 1,288 |
Total available-for-sale securities | $ | 310,411 |  |  | $ | 2,964 |  |  | $ | (2,505) |  |  | $ | 310,870 |
December 31, 2020 |  |  |  |  |  |  |
U.S. Treasury | $ | 2,772 |  |  | $ | 26 |  |  | $ | — |  |  | $ | 2,798 |
U.S. government and federal agency obligations | 11,732 |  |  | 197 |  |  | — |  |  | 11,929 |
U.S. government-sponsored enterprises | 22,495 |  |  | 379 |  |  | — |  |  | 22,874 |
Obligations of states and political subdivisions | 56,943 |  |  | 1,801 |  |  | — |  |  | 58,744 |
Mortgage-backed securities | 88,357 |  |  | 1,809 |  |  | (54) |  |  | 90,112 |
Other debt securities (a) | 10,000 |  |  | 358 |  |  | (14) |  |  | 10,344 |
Bank issued trust preferred securities (a) | 1,486 |  |  | — |  |  | (257) |  |  | 1,229 |
Total available-for-sale securities | $ | 193,785 |  |  | $ | 4,570 |  |  | $ | (325) |  |  | $ | 198,030 |
(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.
Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity | Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties.
(in thousands) | Amortized Cost |  | Fair Value
Due in one year or less | $ | 6,521 |  |  | $ | 6,540 |
Due after one year through five years | 21,885 |  |  | 21,980 |
Due after five years through ten years | 35,056 |  |  | 35,567 |
Due after ten years | 109,663 |  |  | 110,317 |
Total | 173,125 |  |  | 174,404 |
Mortgage-backed securities | 137,286 |  |  | 136,466 |
Total available-for-sale securities | $ | 310,411 |  |  | $ | 310,870 |
Schedule of Other securities | Investments in Federal Home Loan Bank (FHLB) stock, and Midwest Independent Bank (MIB) bankers bank stock, that do not have readily determinable fair values, are required for membership in those organizations.
(in thousands) | 2021 |  | 2020
Other securities: |  |  |
FHLB stock | $ | 5,197 |  |  | $ | 6,170 |
MIB stock | 151 |  |  | 151 |
Equity securities with readily determinable fair values | 60 |  |  | 32 |
Total other investment securities | $ | 5,408 |  |  | $ | 6,353 |
Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position | Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2021 and December 31, 2020 were as follows:
| Less than 12 months |  | 12 months or more |  | Total Fair Value |  | Total Unrealized Losses
(in thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  |
At December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 1,758 |  |  | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,758 |  |  | $ | (3) |
U.S. government-sponsored enterprises | 18,304 |  |  | (196) |  |  | — |  |  | — |  |  | 18,304 |  |  | (196) |
Obligations of states and political subdivisions | 39,221 |  |  | (474) |  |  | — |  |  | — |  |  | 39,221 |  |  | (474) |
Mortgage-backed securities | 89,520 |  |  | (1,579) |  |  | 1,864 |  |  | (32) |  |  | 91,384 |  |  | (1,611) |
Other debt securities | 3,802 |  |  | (23) |  |  | — |  |  | — |  |  | 3,802 |  |  | (23) |
Bank issued trust preferred securities | — |  |  | — |  |  | 1,288 |  |  | (198) |  |  | 1,288 |  |  | (198) |
Total | $ | 152,605 |  |  | $ | (2,275) |  |  | $ | 3,152 |  |  | $ | (230) |  |  | $ | 155,757 |  |  | $ | (2,505) |
(in thousands) |  |  |  |  |  |  |  |  |  |  |
At December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 1,015 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,015 |  |  | $ | — |
Mortgage-backed securities | 7,494 |  |  | (54) |  |  | — |  |  | — |  |  | 7,494 |  |  | (54) |
Other debt securities | 2,987 |  |  | (14) |  |  | — |  |  | — |  |  | 2,987 |  |  | (14) |
Bank issued trust preferred securities | — |  |  | — |  |  | 1,229 |  |  | (257) |  |  | 1,229 |  |  | (257) |
Total | $ | 11,496 |  |  | $ | (68) |  |  | $ | 1,229 |  |  | $ | (257) |  |  | $ | 12,725 |  |  | $ | (325) |
Schedule of components of investment securities gains and losses | The following table presents the gross unrealized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings:
(in thousands) | 2021 |  | 2020 |  | 2019
Investment securities gains (losses), net |  |  |  |  |
Available for sale securities: |  |  |  |  |
Gains realized on sales | $ | 122 |  |  | $ | 49 |  |  | $ | 6 |
Losses realized on sales | — |  |  | (8) |  |  | (46) |
Other-than-temporary impairment recognized | — |  |  | — |  |  | — |
Other investment securities: |  |  |  |  |
Fair value adjustments, net | 27 |  |  | 20 |  |  | — |
Investment securities gains (losses), net | $ | 149 |  |  | $ | 61 |  |  | $ | (40) |

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