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Securities (Tables)
12 Months Ended
Dec. 31, 2021
Available For Sale Securities [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at December 31, 2021 and 2020 were as follows:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Fair

Value

 

 

 

December 31, 2021

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

14,541

 

 

$

417

 

 

$

(37

)

 

$

14,921

 

U.S. treasury notes

 

 

2,003

 

 

 

 

 

 

 

 

 

2,003

 

Mortgage-backed securities

 

 

152,391

 

 

 

753

 

 

 

(2,132

)

 

 

151,012

 

Obligations of states and political subdivisions

 

 

21,104

 

 

 

773

 

 

 

 

 

 

21,877

 

Subordinated debt

 

 

2,500

 

 

 

11

 

 

 

(3

)

 

 

2,508

 

 

 

$

192,539

 

 

$

1,954

 

 

$

(2,172

)

 

$

192,321

 

 

 

 

December 31, 2020

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

16,576

 

 

$

907

 

 

$

 

 

$

17,483

 

Mortgage-backed securities

 

 

117,161

 

 

 

1,894

 

 

 

(46

)

 

 

119,009

 

Obligations of states and political subdivisions

 

 

25,840

 

 

 

1,373

 

 

 

 

 

 

27,213

 

Subordinated debt

 

 

1,250

 

 

 

 

 

 

 

 

 

1,250

 

 

 

$

160,827

 

 

$

4,174

 

 

$

(46

)

 

$

164,955

 

 

Schedule Composition Of Restricted Investments

 

Carrying amounts of restricted securities at December 31, 2021 and 2020 were as follows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(in thousands)

 

Federal Reserve Bank Stock

 

$

344

 

 

$

344

 

Federal Home Loan Bank Stock

 

 

565

 

 

 

783

 

Community Bankers’ Bank Stock

 

 

140

 

 

 

140

 

 

 

$

1,049

 

 

$

1,267

 

 

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of securities available for sale at December 31, 2021, by contractual maturity, are shown below. Maturities may differ from contractual maturities primarily (others could be called) in mortgage-backed securities because the mortgages underlying the securities may be called or repaid without any penalties.

 

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(in thousands)

 

Due in one year or less

 

$

3,819

 

 

$

3,842

 

Due after one year through five years

 

 

9,079

 

 

 

9,236

 

Due after five years through ten years

 

 

38,138

 

 

 

38,958

 

Due after ten years

 

 

141,503

 

 

 

140,285

 

 

 

$

192,539

 

 

$

192,321

 

 

Fair Value And Gross Unrealized Losses For Securities Available For Sale

The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020 were as follows:

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

 

December 31, 2021

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

2,616

 

 

$

37

 

 

$

 

 

$

 

 

$

2,616

 

 

$

37

 

Mortgage-backed securities

 

 

101,080

 

 

 

1,214

 

 

 

29,555

 

 

 

918

 

 

 

130,635

 

 

 

2,132

 

Subordinated debt

 

 

247

 

 

 

3

 

 

 

 

 

 

 

 

 

247

 

 

 

3

 

 

 

$

103,943

 

 

$

1,254

 

 

$

29,555

 

 

$

918

 

 

$

133,498

 

 

$

2,172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

Gross

Unrealized

Losses

 

 

 

December 31, 2020

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

12,014

 

 

$

46

 

 

$

 

 

$

 

 

$

12,014

 

 

$

46

 

 

 

$

12,014

 

 

$

46

 

 

$

 

 

$

 

 

$

12,014

 

 

$

46