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Securities (Tables)
6 Months Ended
Jun. 30, 2022
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 June 30, 2022 and December 31, 2021 were as follows:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Fair Value

 

 

 

June 30, 2022

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

14,656

 

 

$

3

 

 

$

(642

)

 

$

14,017

 

Mortgage-backed securities

 

 

163,908

 

 

 

 

 

 

(20,110

)

 

 

143,798

 

Obligations of states and political subdivisions

 

 

18,282

 

 

 

47

 

 

 

(332

)

 

 

17,997

 

Subordinated debt

 

 

3,750

 

 

 

 

 

 

(199

)

 

 

3,551

 

 

 

$

200,596

 

 

$

50

 

 

$

(21,283

)

 

$

179,363

 

 

 

 

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

 

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 gross unrealized loss position, at June 30, 2022 and December 31, 2021 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

 

 

 

June 30, 2022

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

13,013

 

 

$

642

 

 

$

 

 

$

 

 

$

13,013

 

 

$

642

 

Mortgage-backed securities

 

 

109,725

 

 

 

13,999

 

 

 

34,073

 

 

 

6,111

 

 

 

143,798

 

 

 

20,110

 

Obligations of states and political subdivisions

 

 

10,923

 

 

 

332

 

 

 

 

 

 

 

 

 

10,923

 

 

 

332

 

Subordinated debt

 

 

2,801

 

 

 

199

 

 

 

 

 

 

 

 

 

2,801

 

 

 

199

 

 

 

$

136,462

 

 

$

15,172

 

 

$

34,073

 

 

$

6,111

 

 

$

170,535

 

 

$

21,283

 

 

 

 

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

 

Schedule Composition Of Restricted Investments

The composition of restricted investments at June 30, 2022 and December 31, 2021 was as follows:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Federal Reserve Bank Stock

 

$

944

 

 

$

344

 

Federal Home Loan Bank Stock

 

 

715

 

 

 

565

 

Community Bankers’ Bank Stock

 

 

140

 

 

 

140

 

 

 

$

1,799

 

 

$

1,049