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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2023
Investment Securities  
Investment Securities Available For Sale

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 June 30, 2023

 

 

 

 Amortized Cost

 

 

 Gross Unrealized Gains

 

 

 Gross Unrealized Losses

 

 

 Fair Value

 

U.S Treasuries

 

$10,963

 

 

 

-

 

 

 

1,069

 

 

 

9,894

 

U.S. Government sponsored enterprises

 

 

11,714

 

 

 

-

 

 

 

694

 

 

 

11,020

 

Mortgage-backed securities

 

 

298,133

 

 

 

67

 

 

 

28,480

 

 

 

269,720

 

State and political subdivisions

 

 

130,063

 

 

 

-

 

 

 

26,613

 

 

 

103,450

 

Total

 

$450,873

 

 

 

67

 

 

 

56,856

 

 

 

394,084

 

(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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$-

 

 

 

-

 

 

 

9,894

 

 

 

1,069

 

 

 

9,894

 

 

 

1,069

 

U.S. Government sponsored enterprises

 

 

-

 

 

 

-

 

 

 

11,020

 

 

 

694

 

 

 

11,020

 

 

 

694

 

Mortgage-backed securities

 

 

69,059

 

 

 

3,522

 

 

 

195,720

 

 

 

24,958

 

 

 

264,779

 

 

 

28,480

 

State and political subdivisions

 

 

-

 

 

 

-

 

 

 

103,450

 

 

 

26,613

 

 

 

103,450

 

 

 

26,613

 

Total

 

$69,059

 

 

 

3,522

 

 

 

320,084

 

 

 

53,334

 

 

 

389,143

 

 

 

56,856

 

(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

June 30, 2023

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 Amortized Cost

 

 

  Fair Value

 

Due within one year

 

$5,983

 

 

 

5,814

 

Due from one to five years

 

 

10,828

 

 

 

9,588

 

Due from five to ten years

 

 

50,349

 

 

 

42,759

 

Due after ten years

 

 

85,580

 

 

 

66,203

 

Mortgage-backed securities

 

 

298,133

 

 

 

269,720

 

Total

 

$450,873

 

 

 

394,084