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Investment Securities (Tables)
3 Months Ended
Mar. 31, 2023
Investment Securities  
Investment Securities Available For Sale

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

U.S Treasuries

 

$10,957

 

 

 

-

 

 

 

949

 

 

 

10,008

 

U.S. Government sponsored enterprises

 

 

11,925

 

 

 

-

 

 

 

621

 

 

 

11,304

 

Mortgage-backed securities

 

 

296,024

 

 

 

836

 

 

 

23,040

 

 

 

273,820

 

State and political subdivisions

 

 

130,125

 

 

 

-

 

 

 

26,109

 

 

 

104,016

 

Total

 

$449,031

 

 

 

836

 

 

 

50,719

 

 

 

399,148

 

(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

 

Current Fair Value And Associated Unrealized Losses On Investments In Securities With Unrealized Losses

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

U.S. Treasuries

 

$-

 

 

 

-

 

 

 

10,008

 

 

 

949

 

 

 

10,008

 

 

 

949

 

U.S. Government sponsored enterprises

 

 

2,926

 

 

 

66

 

 

 

8,378

 

 

 

555

 

 

 

11,304

 

 

 

621

 

Mortgage-backed securities

 

 

78,542

 

 

 

5,043

 

 

 

161,848

 

 

 

17,997

 

 

 

240,390

 

 

 

23,040

 

State and political subdivisions

 

 

4,142

 

 

 

279

 

 

 

99,874

 

 

 

25,829

 

 

 

104,016

 

 

 

26,109

 

Total

 

$85,610

 

 

 

5,388

 

 

 

280,108

 

 

 

45,330

 

 

 

365,718

 

 

 

50,719

 

(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

 

Amortized Cost And Estimated Fair Value Of Investment Securities Available For Sale By Contractual Maturity

March 31, 2023

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Fair Value

 

Due within one year

 

$2,985

 

 

 

2,905

 

Due from one to five years

 

 

13,811

 

 

 

12,663

 

Due from five to ten years

 

 

45,941

 

 

 

39,331

 

Due after ten years

 

 

90,270

 

 

 

70,429

 

Mortgage-backed securities

 

 

296,024

 

 

 

273,820

 

Total

 

$449,031

 

 

 

399,148