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Securities (Tables)
9 Months Ended
Sep. 30, 2023
Securities  
Schedule of amortized cost and fair values, together with gross unrealized gains and losses of securities

    

Gross

    

Gross

Allowance

Unrealized

Unrealized

for Credit

    

Amortized Cost

    

Gains

    

Losses

    

Losses

    

Fair Value

(In thousands)

Available-for-sale Securities:

September 30, 2023:

 

  

 

  

 

  

 

  

U.S. government agencies

$

45,000

$

$

(1,355)

$

$

43,645

State and municipal obligations

 

171,346

6

(14,353)

156,999

Subordinated notes

29,043

(5,008)

24,035

Total debt securities

$

245,389

$

6

$

(20,716)

$

$

224,679

    

Gross

    

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

(In thousands)

Available-for-sale Securities:

 

  

 

  

 

  

 

  

December 31, 2022:

 

  

 

  

 

  

 

  

U.S. government agencies

$

45,000

$

$

(968)

$

44,032

State and municipal obligations

152,447

459

(7,408)

145,498

Subordinated note

31,160

(3,066)

28,094

Total debt securities

$

228,607

$

459

$

(11,442)

$

217,624

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

Amortized

Fair 

    

Cost

    

Value

(In thousands)

Under 1 year

$

10,000

$

9,841

One to five years

 

35,611

34,394

Five to ten years

 

31,358

26,065

Over ten years

 

168,420

154,379

Totals

$

245,389

$

224,679

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

September 30, 2023

Less than 12 Months

12 Months or More

Total

Description of

Unrealized

Unrealized

Unrealized

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

(In thousands)

U.S. Government agencies

$

$

$

43,645

$

(1,355)

$

43,645

$

(1,355)

State and municipal obligations

107,520

(4,831)

47,455

(9,522)

154,975

(14,353)

Subordinated notes

3,710

(822)

20,325

(4,186)

24,035

(5,008)

Total temporarily impaired securities

$

111,230

$

(5,653)

$

111,425

$

(15,063)

$

222,655

$

(20,716)

December 31, 2022

Less than 12 Months

12 Months or More

Total

Description of

Unrealized

Unrealized

Unrealized

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

(In thousands)

US government agencies

$

44,032

$

(968)

$

$

$

44,032

$

(968)

State and municipal obligations

100,599

(7,408)

100,599

(7,408)

Subordinated notes

11,185

(1,565)

10,300

(1,501)

21,485

(3,066)

Total temporarily impaired securities

$

155,816

$

(9,941)

$

10,300

$

(1,501)

$

166,116

$

(11,442)