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Securities (Tables)
12 Months Ended
Dec. 31, 2022
Securities  
Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses of securities

    

    

Gross

    

Gross

    

Amortized

Unrealized

Unrealized

Cost

Gains

Losses

Fair Value

(In thousands)

Available-for-sale Securities:

 

  

 

  

 

  

 

  

December 31, 2022:

 

  

 

  

 

  

 

  

U.S. government agencies

$

45,000

$

$

(968)

$

44,032

Subordinated notes

31,160

(3,066)

28,094

State and municipal obligations

152,447

459

(7,408)

145,498

Total debt securities

$

228,607

$

459

$

(11,442)

$

217,624

Available-for-sale Securities:

 

 

 

 

December 31, 2021:

 

 

 

 

U.S. government agencies

$

$

$

$

Subordinated notes

28,837

76

(148)

28,765

State and municipal obligations

106,533

11,015

117,548

Total debt securities

$

135,370

$

11,091

$

(148)

$

146,313

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

The amortized cost and fair value of available-for-sale securities at December 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

    

Amortized

    

Fair

Cost

Value

(In thousands)

One to five years

$

45,651

$

44,484

Five to ten years

 

33,440

30,414

Over ten years

 

149,516

142,726

Totals

$

228,607

$

217,624

Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time

December 31, 2022

Less than 12 Months

12 Months or More

Total

Description of

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

Securities

Value

Losses

Value

Losses

Value

Losses

(In thousands)

US government agencies

$

44,032

$

(968)

$

$

$

44,032

$

(968)

Subordinated notes

11,185

(1,565)

10,300

(1,501)

21,485

(3,066)

State and municipal obligations

100,599

(7,408)

100,599

(7,408)

Total temporarily impaired securities

$

155,816

$

(9,941)

$

10,300

$

(1,501)

$

166,116

$

(11,442)

December 31, 2021

Less than 12 Months

12 Months or More

Total

Description of

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

Securities

Value

Losses

Value

Losses

Value

Losses

(In thousands)

US government agencies

$

$

$

$

$

$

Subordinated notes

14,204

(148)

14,204

(148)

State and municipal obligations

Total temporarily impaired securities

$

14,204

$

(148)

$

$

$

14,204

$

(148)