Equity Securities (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Amortized Cost, Gross Unrealized gains, Losses, and Fair Value of Equity Securities

The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of equity securities held at March 31, 2022 and December 31, 2021.

			Gross		Gross
(DOLLARS IN THOUSANDS)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	$		$		$			$
March 31, 2022
CRA-qualified mutual funds		7,258		—		—			7,258
Bank stocks		1,623		120		(7	)		1,736
Total equity securities		8,881		120		(7	)		8,994

			Gross		Gross
(DOLLARS IN THOUSANDS)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	$		$		$			$
December 31, 2021
CRA-qualified mutual funds		7,240		—		—			7,240
Bank stocks		1,570		184		(12	)		1,742
Total equity securities		8,810		184		(12	)		8,982

Schedule of Realized and Unrealized Gains and Losses

The following table presents the net gains and losses on the Corporation’s equity investments recognized in earnings during the three months ended March 31, 2022 and 2021, and the portion of unrealized gains and losses for the period that relates to equity investments held as of March 31, 2022 and 2021.

NET GAINS AND LOSSES ON EQUITY INVESTMENTS RECOGNIZED IN EARNINGS

(DOLLARS IN THOUSANDS)

	Three Months Ended March 31,
	2022			2021
	$			$

Net (losses) gains recognized in equity securities during the period		(8	)		248

Less: Net gains realized on the sale of equity securities during the period		51			95

Unrealized gains (losses) recognized in equity securities held at reporting date		(59	)		153