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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale
The amortized cost and estimated fair value of securities available-for-sale along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
Securities available-for-sale
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
March 31, 2022
U.S. government sponsored agencies$7,067 $17 $(12)$7,072 
State, county and municipal securities43,416 727 (299)43,844 
Corporate debt securities27,897 431 (150)28,178 
SBA pool securities37,863 15 (929)36,949 
Mortgage-backed securities465,291 1,733 (3,863)463,161 
Total debt securities available-for-sale$581,534 $2,923 $(5,253)$579,204 
December 31, 2021
U.S. government sponsored agencies$7,084 $88 $— $7,172 
State, county and municipal securities45,470 2,342 — 47,812 
Corporate debt securities27,897 719 (120)28,496 
SBA pool securities44,312 958 (69)45,201 
Mortgage-backed securities448,124 15,822 (6)463,940 
Total debt securities available-for-sale$572,887 $19,929 $(195)$592,621 
Amortized Cost and Estimated Fair Value of Debt Securities Held-to-Maturity
The amortized cost and estimated fair value of securities held-to-maturity along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
Securities held-to-maturity
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
March 31, 2022
State, county and municipal securities$13,905 $— $(2,227)$11,678 
Mortgage-backed securities77,549 — (6,738)70,811 
Total debt securities held-to-maturity$91,454 $— $(8,965)$82,489 
December 31, 2021
State, county and municipal securities$8,905 $4 $(198)$8,711 
Mortgage-backed securities70,945 — (1,450)69,495 
Total debt securities held-to-maturity$79,850 $4 $(1,648)$78,206 
Amortized Cost and Estimated Fair Value of Debt Securities, Classified by Contractual Maturity Date
The amortized cost and estimated fair value of debt securities available-for-sale and held-to-maturity as of March 31, 2022, by contractual maturity are shown below. Maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying these securities may be called or repaid without penalty. Therefore, these securities are not included in the maturity categories in the following maturity summary:

Available-for-SaleHeld-to-Maturity
(dollars in thousands)
Amortized
Cost		Estimated Fair ValueAmortized
Cost		Estimated Fair Value
Due in one year or less$11,390 $11,446 $— $— 
Due from one year to five years26,183 26,201 — — 
Due from five to ten years43,452 44,052 — — 
Due after ten years35,218 34,344 13,905 11,678 
Mortgage-backed securities465,291 463,161 77,549 70,811 
 $581,534 $579,204 $91,454 $82,489 
Schedule of Available-for-Sale Securities with Unrealized Losses
The following table shows the gross unrealized losses and estimated fair value of available-for-sale securities aggregated by category and length of time that securities have been in a continuous unrealized loss position at March 31, 2022 and December 31, 2021:

 Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)
Securities available-for-sale
Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses
March 31, 2022      
U.S. government sponsored agencies$1,033 $(12)$— $— $1,033 $(12)
State, county and municipal securities10,209 (299)— — 10,209 (299)
Corporate debt securities— — 1,350 (150)1,350 (150)
SBA pool securities32,988 (871)2,372 (58)35,360 (929)
Mortgage-backed securities242,704 (3,863)1 — 242,705 (3,863)
Total debt securities available-for-sale$286,934 $(5,045)$3,723 $(208)$290,657 $(5,253)
December 31, 2021      
Corporate debt securities$— $— $1,380 $(120)$1,380 $(120)
SBA pool securities1,312 (6)2,572 (63)3,884 (69)
Mortgage-backed securities5,514 (6)1 — 5,515 (6)
Total debt securities available-for-sale$6,826 $(12)$3,953 $(183)$10,779 $(195)
Schedule of Held-to-Maturity Securities with Unrealized Losses
The following table shows the gross unrealized losses and estimated fair value of held-to-maturity securities aggregated by category and length of time that securities have been in a continuous unrealized loss position at March 31, 2022:

 Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)
Securities held-to-maturity
Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses
March 31, 2022
State, county and municipal securities$11,678 $(2,227)$— $— $11,678 $(2,227)
Mortgage-backed securities63,775 (6,738)— — 63,775 (6,738)
Total debt securities held-to-maturity$75,453 $(8,965)$— $— $75,453 $(8,965)
December 31, 2021
State, county and municipal securities$3,707 $(198)$— $— $3,707 $(198)
Mortgage-backed securities69,495 (1,450)— — 69,495 (1,450)
Total debt securities held-to-maturity$73,202 $(1,648)$— $— $73,202 $(1,648)
Schedule of Investments Available-for-sale, Allowance for Credit Loss The $5.3 million in unrealized loss was determined to be from factors other than credit.
(dollars in thousands)Three Months Ended March 31,
Allowance for credit losses
20222021
Beginning balance$— $112 
Provision for expected credit losses— (11)
Ending balance$— $101 
Schedule of Gain (Loss) on Investments
Total net loss on securities reported on the consolidated statements of income and comprehensive income is comprised of the following for the three months ended March 31, 2022 and 2021:

Three Months Ended March 31,
(dollars in thousands)20222021
Unrealized holding losses on equity securities$(27)$(12)
Net loss on securities$(27)$(12)