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v3.22.4

Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
Investment Securities |
Investment securities available for sale |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S Treasuries |  | $ | 10,951 |  |  |  | - |  |  |  | 1,137 |  |  |  | 9,814 |
U.S. Government sponsored enterprises |  |  | 12,245 |  |  |  | - |  |  |  | 706 |  |  |  | 11,539 |
Mortgage-backed securities |  |  | 299,222 |  |  |  | 445 |  |  |  | 25,829 |  |  |  | 273,838 |
State and political subdivisions |  |  | 184,768 |  |  |  | 91 |  |  |  | 34,656 |  |  |  | 150,203 |
Total |  | $ | 507,186 |  |  |  | 536 |  |  |  | 62,328 |  |  |  | 445,394 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S Treasuries |  | $ | 7,964 |  |  |  | - |  |  |  | 75 |  |  |  | 7,889 |
U.S. Government sponsored enterprises |  |  | 14,252 |  |  |  | 200 |  |  |  | 185 |  |  |  | 14,267 |
Mortgage-backed securities |  |  | 218,402 |  |  |  | 1,769 |  |  |  | 3,019 |  |  |  | 217,152 |
State and political subdivisions |  |  | 165,804 |  |  |  | 3,694 |  |  |  | 2,257 |  |  |  | 167,241 |
Total |  | $ | 406,422 |  |  |  | 5,663 |  |  |  | 5,536 |  |  |  | 406,549 |
current fair value and associated unrealized losses on investments in debt securities with unrealized losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
U.S. Treasuries |  | $ | 2,878 |  |  |  | 104 |  |  |  | 6,936 |  |  |  | 1,033 |  |  |  | 9,814 |  |  |  | 1,137 |
U.S. Government sponsored enterprises |  |  | 2,904 |  |  |  | 87 |  |  |  | 8,635 |  |  |  | 619 |  |  |  | 11,539 |  |  |  | 706 |
Mortgage-backed securities |  |  | 128,241 |  |  |  | 8,740 |  |  |  | 120,464 |  |  |  | 17,089 |  |  |  | 248,705 |  |  |  | 25,829 |
State and political subdivisions |  |  | 65,880 |  |  |  | 7,766 |  |  |  | 76,291 |  |  |  | 26,890 |  |  |  | 142,171 |  |  |  | 34,656 |
Total |  | $ | 199,903 |  |  |  | 16,697 |  |  |  | 212,326 |  |  |  | 45,631 |  |  |  | 412,229 |  |  |  | 62,328 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
U.S. Treasuries |  | $ | 7,889 |  |  |  | 75 |  |  |  | - |  |  |  | - |  |  |  | 7,889 |  |  |  | 75 |
U.S. Government sponsored enterprises |  |  | 5,232 |  |  |  | 15 |  |  |  | 3,263 |  |  |  | 170 |  |  |  | 8,495 |  |  |  | 185 |
Mortgage-backed securities |  |  | 131,483 |  |  |  | 2,477 |  |  |  | 19,632 |  |  |  | 542 |  |  |  | 151,115 |  |  |  | 3,019 |
State and political subdivisions |  |  | 80,076 |  |  |  | 1,981 |  |  |  | 5,922 |  |  |  | 276 |  |  |  | 85,998 |  |  |  | 2,257 |
Total |  | $ | 224,680 |  |  |  | 4,548 |  |  |  | 28,817 |  |  |  | 988 |  |  |  | 253,497 |  |  |  | 5,536 |
Amortized cost and estimated fair value of investment securities available for sale by contractual maturity |
December 31, 2022 |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |
|  | Amortized Cost |  |  | Fair Value |
Due within one year |  | $ | 240 |  |  |  | 240 |
Due from one to five years |  |  | 8,434 |  |  |  | 8,128 |
Due from five to ten years |  |  | 58,540 |  |  |  | 49,599 |
Due after ten years |  |  | 140,750 |  |  |  | 113,589 |
Mortgage-backed securities |  |  | 299,222 |  |  |  | 273,838 |
Total |  | $ | 507,186 |  |  |  | 445,394 |
Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U. S Treasuries |  | $ | 9,814 |  |  |  | - |  |  |  | 9,814 |  |  |  | - |
U.S. Government sponsored enterprises |  | $ | 11,539 |  |  |  | - |  |  |  | 11,539 |  |  |  | - |
Mortgage-backed securities |  | $ | 273,838 |  |  |  | - |  |  |  | 273,838 |  |  |  | - |
State and political subdivisions |  | $ | 150,203 |  |  |  | - |  |  |  | 150,203 |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U. S Treasuries |  | $ | 7,889 |  |  |  | - |  |  |  | 7,889 |  |  |  | -88.7 |
U.S. Government sponsored enterprises |  | $ | 14,267 |  |  |  | - |  |  |  | 14,267 |  |  |  | - |
Mortgage-backed securities |  | $ | 217,152 |  |  |  | - |  |  |  | 217,152 |  |  |  | - |
State and political subdivisions |  | $ | 167,241 |  |  |  | - |  |  |  | 167,241 |  |  |  | - |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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