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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2022
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities Available-for-sale
The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at March 31, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive (loss) and gross unrecognized gains and losses:

Securities Available for Sale
 
Amortized
Cost
   
Gross Unrealized
Gains
   
Gross Unrealized
Losses
   
Estimated
Fair Value
 
March 31, 2022
                       
U.S. Government securities
 
$
30,415
   
$
-
   
$
(1,422
)
 
$
28,993
 
U.S. Government sponsored entity securities
   
25,630
     
21
     
(1,277
)
   
24,374
 
Agency mortgage-backed securities, residential
   
143,356
     
50
     
(7,168
)
   
136,238
 
Total securities
 
$
199,401
   
$
71
   
$
(9,867
)
 
$
189,605
 
                                 
December 31, 2021
                               
U.S. Government securities
 
$
20,182
   
$
-
   
$
(39
)
 
$
20,143
 
U.S. Government sponsored entity securities
   
25,980
     
109
     
(173
)
   
25,916
 
Agency mortgage-backed securities, residential
   
129,942
     
1,476
     
(477
)
   
130,941
 
Total securities
 
$
176,104
   
$
1,585
   
$
(689
)
 
$
177,000
 
Amortized Cost and Fair Value of Securities Held-to-maturity
Securities Held to Maturity
 
Amortized
Cost
   
Gross Unrecognized
Gains
   
Gross Unrecognized
Losses
   
Estimated
Fair Value
 
March 31, 2022
                       
Obligations of states and political subdivisions
 
$
10,070
   
$
87
   
$
(539
)
 
$
9,618
 
Agency mortgage-backed securities, residential
   
1
     
     
     
1
 
Total securities
 
$
10,071
   
$
87
   
$
(539
)
 
$
9,619
 
                                 
December 31, 2021
                               
Obligations of states and political subdivisions
 
$
10,292
   
$
200
   
$
(44
)
 
$
10,448
 
Agency mortgage-backed securities, residential
   
2
     
     
     
2
 
Total securities
 
$
10,294
   
$
200
   
$
(44
)
 
$
10,450
 
Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and estimated fair value of debt securities at March 31, 2022, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities.  Securities not due at a single maturity are shown separately.

   
Available for Sale
   
Held to Maturity
 
Debt Securities:
 
Amortized Cost
   
Estimated Fair Value
   
Amortized Cost
   
Estimated Fair Value
 
                         
Due in one year or less
 
$
5,996
   
$
6,016
   
$
434
   
$
439
 
Due in over one to five years
   
37,549
     
35,702
     
3,832
     
3,808
 
Due in over five to ten years
   
12,500
     
11,649
     
5,477
     
5,102
 
Due after ten years
   
     
     
327
     
269
 
Agency mortgage-backed securities, residential
   
143,356
     
136,238
     
1
     
1
 
Total debt securities
 
$
199,401
   
$
189,605
   
$
10,071
   
$
9,619
 
Securities with Unrealized Losses in Continuous Unrealized Loss Position
The following table summarizes securities with unrealized losses at March 31, 2022 and December 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position:

March 31, 2022
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
U.S. Government securities
 
$
28,993
   
$
(1,422
)
 
$
   
$
   
$
28,993
   
$
(1,422
)
U.S. Government sponsored entity
   securities
   
18,357
     
(1,277
)
   
     
     
18,357
     
(1,277
)
Agency mortgage-backed
                                               
   securities, residential
   
129,885
     
(7,168
)
   
     
     
129,885
     
(7,168
)
Total available for sale
 
$
177,235
   
$
(9,867
)
 
$
   
$
   
$
177,235
   
$
(9,867
)

December 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
   
Fair Value
   
Unrealized Loss
 
Securities Available for Sale
                                   
U.S. Government securities
 
$
20,143
   
$
(39
)
 
$
   
$
   
$
20,143
   
$
(39
)
U.S. Government sponsored entity
   securities
   
18,307
     
(173
)
   
     
     
18,307
     
(173
)
Agency mortgage-backed               securities, residential
   
64,560
     
(477
)
   
     
     
64,560
     
(477
)
Total available for sale
 
$
103,010
   
$
(689
)
 
$
   
$
   
$
103,010
   
$
(689
)
March 31, 2022
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
 
Securities Held to Maturity
                                   
Obligations of states and political subdivisions
 
$
4,027
   
$
(407
)
 
$
787
   
$
(132
)
 
$
4,814
   
$
(539
)
Total held to maturity
 
$
4,027
   
$
(407
)
 
$
787
   
$
(132
)
 
$
4,814
   
$
(539
)

December 31, 2021
 
Less Than 12 Months
   
12 Months or More
   
Total
 
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
   
Fair Value
   
Unrecognized Loss
 
Securities Held to Maturity
                                   
Obligations of states and political subdivisions
 
$
2,617
   
$
(38
)
 
$
130
   
$
(6
)
 
$
2,747
   
$
(44
)
Total held to maturity
 
$
2,617
   
$
(38
)
 
$
130
   
$
(6
)
 
$
2,747
   
$
(44
)