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Securities (Tables)
6 Months Ended
Jun. 30, 2024
Securities  
Schedule of amortized cost and fair values, together with gross unrealized gains and losses of securities

    

Gross

    

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

Available-for-sale Securities:

June 30, 2024:

 

  

 

  

 

  

  

U.S. government agencies

$

22,500

$

$

(415)

$

22,085

State and municipal obligations

202,312

256

(9,959)

192,609

Subordinated notes

 

28,970

(3,540)

25,430

Total debt securities

$

253,782

$

256

$

(13,914)

$

240,124

    

Gross

    

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

Available-for-sale Securities:

 

  

 

  

 

  

 

  

December 31, 2023:

 

  

 

  

 

  

 

  

U.S. government agencies

$

45,000

$

$

(732)

$

44,268

State and municipal obligations

177,670

2,264

(5,742)

174,192

Subordinated notes

29,013

(4,713)

24,300

Total debt securities

$

251,683

$

2,264

$

(11,187)

$

242,760

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

$

9,947

One to five years

 

15,070

14,643

Five to ten years

 

29,569

25,774

Over ten years

 

199,143

189,760

Totals

$

253,782

$

240,124

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

June 30, 2024

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

$

$

$

22,085

$

(415)

$

22,085

$

(415)

State and municipal obligations

119,745

(1,762)

48,104

(8,197)

167,849

(9,959)

Subordinated notes

4,325

(175)

21,105

(3,365)

25,430

(3,540)

Total temporarily impaired securities

$

124,070

$

(1,937)

$

91,294

$

(11,977)

$

215,364

$

(13,914)

December 31, 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)

US government agencies

$

$

$

44,268

$

(732)

$

44,268

$

(732)

Subordinated notes

3,717

(799)

20,583

(3,914)

24,300

(4,713)

State and municipal obligations

3,365

(12)

51,163

(5,730)

54,528

(5,742)

Total temporarily impaired securities

$

7,082

$

(811)

$

116,014

$

(10,376)

$

123,096

$

(11,187)