Investment Securities (Tables)

9 Months Ended

Sep. 30, 2024

Investment Securities

Investment securities available for sale

(Dollars in thousands)
	September 30, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	7,980		-		606		7,374
U.S. Government sponsored enterprises		9,540		-		433		9,107
GSE - Mortgage-backed securities		247,554		263		17,900		229,917
Private label mortgage-backed securities		43,931		166		1,137		42,960
State and political subdivisions		129,733		-		20,518		109,215
Total	$	438,738		429		40,594		398,573

(Dollars in thousands)
	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	10,974		-		830		10,144
U.S. Government sponsored enterprises		11,111		-		596		10,515
GSE - Mortgage-backed securities		257,705		185		22,988		234,902
Private label mortgage-backed securities		33,317		16		2,063		31,270
State and political subdivisions		129,922		-		24,829		105,093
Total	$	443,029		201		51,306		391,924

current fair value and associated unrealized losses on investments in debt securities with unrealized losses

(Dollars in thousands)
	September 30, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasuries	$	-		-		7,374		606		7,374		606
U.S. government sponsored enterprises		-		-		9,107		433		9,107		433
GSE -Mortgage-backed securities		8,961		114		206,059		17,786		215,020		17,900
Private label mortgage-backed securities		4,001		19		22,438		1,118		26,439		1,137
State and political subdivisions		-		-		109,215		20,518		109,215		20,518
Total	$	12,962		133		354,193		40,461		367,155		40,594

(Dollars in thousands)
	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. Treasuries	$	-		-		10,144		830		10,144		830
U.S. government sponsored enterprises		-		-		10,515		596		10,515		596
GSE -Mortgage-backed securities		24,167		546		203,234		22,442		227,401		22,988
Private label mortgage-backed securities		3,416		43		23,095		2,020		26,511		2,063
State and political subdivisions		-		-		105,093		24,829		105,093		24,829
Total	$	27,583		589		352,081		50,717		379,664		51,306

Amortized cost and estimated fair value of investment securities available for sale by contractual maturity

September 30, 2024
(Dollars in thousands)
	Amortized Cost		Fair Value
Due within one year	$	7,929		7,910
Due from one to five years		18,615		17,437
Due from five to ten years		66,312		57,372
Due after ten years		98,328		85,937
Mortgage-backed securities		247,554		229,917
Total	$	438,738		398,573