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Securities (Tables)
3 Months Ended
Mar. 31, 2024
Securities [Abstract]  
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities

March 31, 2024

Gross

Gross

Allowance

Amortized

Unrealized

Unrealized

for Credit

Fair

Cost

Gains

Losses

Losses

Value

(In Thousands)

Available for Sale:

U.S. Treasury securities

$

47,152

$

1

$

(2,477)

$

-

$

44,676

U.S. Government agencies

22,523

-

(2,695)

-

19,828

States and political subdivisions

151,575

-

(23,308)

-

128,267

Mortgage-backed securities-

government sponsored entities

240,280

-

(34,677)

-

205,603

Total debt securities

$

461,530

$

-

$

(63,157)

$

-

$

398,374

December 31, 2023

Gross

Gross

Allowance

Amortized

Unrealized

Unrealized

for Credit

Fair

Cost

Gains

Losses

Losses

Value

(In Thousands)

Available for Sale:

U.S. Treasury securities

$

55,968

$

14

$

(2,382)

$

-

$

53,600

U.S. Government agencies

18,486

-

(2,490)

-

15,996

States and political subdivisions

151,764

-

(22,285)

-

129,479

Mortgage-backed securities-government

sponsored entities

240,600

-

(33,416)

-

207,184

Total debt securities

$

466,818

$

14

$

(60,573)

$

-

$

406,259

Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continuous Unrealized Loss Position

March 31, 2024

Less than 12 Months

12 Months or More

Total

Fair Value

Unrealized Losses

Fair Value

Unrealized Losses

Fair Value

Unrealized Losses

U.S. Treasury securities

$

-

$

-

$

36,770

$

(2,477)

$

36,770

$

(2,477)

U.S. Government agencies

3,985

(21)

15,843

(2,674)

19,828

(2,695)

States and political subdivisions

1,483

(17)

125,899

(23,291)

127,382

(23,308)

Mortgage-backed securities-government sponsored entities

5,882

(52)

199,721

(34,625)

205,603

(34,677)

$

11,350

$

(90)

$

378,233

$

(63,067)

$

389,583

$

(63,157)

December 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. Treasury securities

$

-

$

-

$

40,833

$

(2,382)

$

40,833

$

(2,382)

U.S. Government agencies

-

-

15,996

(2,490)

15,996

(2,490)

States and political subdivisions

2,261

(12)

125,452

(22,273)

127,713

(22,285)

Mortgage-backed securities-government sponsored entities

-

-

207,184

(33,416)

207,184

(33,416)

$

2,261

$

(12)

$

389,465

$

(60,561)

$

391,726

$

(60,573)

Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Available for Sale

Amortized Cost

Fair Value

(In Thousands)

Due in one year or less

$

27,123

$

26,851

Due after one year through five years

39,706

36,584

Due after five years through ten years

72,692

59,464

Due after ten years

81,729

69,872

221,250

192,771

Mortgage-backed securities-government sponsored entities

240,280

205,603

$

461,530

$

398,374

Gross Realized Gains and Losses on Sales of Securities Available-for-Sale

Three Months

Ended March 31,

2024

2023

Gross realized gains

$

$

4

Gross realized losses

(2)

Net realized gains (losses)

$

$

2

Proceeds from sales of securities

$

$

1,982