Securities (Tables)

12 Months Ended

Dec. 31, 2021

Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale and securities held-to-maturity at December 31, 2021 and 2020 are summarized as follow (in thousands):

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	138,212	$	64	$	(518)	$	137,758
U.S. Government-sponsored enterprises (GSEs)		21,898		76		(173)		21,801
Municipal securities		67,310		512		(2)		67,820
Other debt securities		26,989		313		(82)		27,220
Mortgage-backed securities (GSEs)		228,011		971		(1,128)		227,854
Total	$	482,420	$	1,936	$	(1,903)	$	482,453

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	30,526	$	10	$	(6)	$	30,530
Municipal securities		89,644		2,345		—		91,989
Other debt securities		25,019		112		(13)		25,118
Mortgage-backed securities (GSEs)		66,425		1,754		(182)		67,997
Total	$	211,614	$	4,221	$	(201)	$	215,634

Schedule of Held-to-maturity Securities Reconciliation

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	31,023	$	20	$	(87)	$	30,956
Municipal securities		45,946		63		(19)		45,990
Total	$	76,969	$	83	$	(106)	$	76,946

Investments Classified by Contractual Maturity Date

The amortized cost and estimated market value of securities by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	December 31, 2021
	Amortized		Fair
Available-for-sale:	Cost		Value
Due in one year or less	$	907	$	911
Due from one year to five years		66,807		66,584
Due from five years to ten years		131,800		131,926
Due after ten years		54,895		55,178
		254,409		254,599
Mortgage-backed securities		228,011		227,854
Total	$	482,420	$	482,453
Held-to-maturity:
Due in one year or less	$	—	$	—
Due from one year to five years		—		—
Due from five years to ten years		4,061		4,051
Due after ten years		72,908		72,895
		76,969		76,946
Mortgage-backed securities		—		—
Total	$	76,969	$	76,946

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale and securities held-to-maturity have been in a continuous unrealized loss position, as of December 31, 2021 and 2020 (in thousands):

	December 31, 2021
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	99,959	$	(518)	11	$	—	$	—	—	$	99,959	$	(518)	11
U.S. Government-sponsored enterprises (GSEs)		14,156		(168)	2		579		(5)	2		14,735		(173)	4
Municipal securities		2,519		(2)	1		—		—	—		2,519		(2)	1
Other debt securities		5,983		(82)	6		—		—	—		5,983		(82)	6
Mortgage-backed securities (GSEs)		159,725		(1,002)	31		8,233		(126)	6		167,958		(1,128)	37
Total	$	282,342	$	(1,772)	51	$	8,812	$	(131)	8	$	291,154	$	(1,903)	59

	December 31, 2021
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Held-to-maturity:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	21,901	$	(87)	8	$	—	$	—	—	$	21,901	$	(87)	8
Municipal securities		4,173		(19)	6		—		—	—		4,173		(19)	6
Total	$	26,074	$	(106)	14	$	—	$	—	—	$	26,074	$	(106)	14

	December 31, 2020
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
December 31, 2020:
U.S. Government-sponsored enterprises (GSEs)	$	15,510	$	(5)	3	$	132	$	(1)	1	$	15,642	$	(6)	4
Other debt securities		1,495		(5)	1		977		(8)	1		2,472		(13)	2
Mortgage-backed securities (GSEs)		9,790		(87)	6		6,083		(95)	3		15,873		(182)	9
Total	$	26,795	$	(97)	10	$	7,192	$	(104)	5	$	33,987	$	(201)	15

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

	December 31,		December 31,
	2021		2020
Federal Reserve Bank stock	$	9,693	$	8,606
Federal Home Loan Bank stock		6,451		5,838
First National Bankers Bank stock		350		350
Total	$	16,494	$	14,794