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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Values of Equity and Trading Investment Securities
The amortized cost, gross gains and losses, and fair values of investment securities at December 31, 2022 and 2021 are as follows:
 2022
(In Thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Available for sale (AFS):    
U.S. Government and agency securities$3,002 $— $(106)$2,896 
Mortgage-backed securities1,496 — (214)1,282 
State and political securities151,426 157 (8,774)142,809 
Other debt securities50,178 58 (3,550)46,686 
Total debt securities$206,102 $215 $(12,644)$193,673 
Investment equity securities:
Other equity securities$1,350 $— $(208)$1,142 
Total equity securities$1,350 $— $(208)$1,142 
 
 2021
(In Thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Available for sale (AFS):    
Mortgage-backed securities$1,752 $— $(5)$1,747 
State and political securities113,852 3,500 (694)116,658 
Other debt securities47,802 524 (321)48,005 
Total debt securities$163,406 $4,024 $(1,020)$166,410 
Investment equity securities:
Other equity securities$1,350 $— $(62)$1,288 
Total equity securities$1,350 $— $(62)$1,288 
Schedule of Gross Unrealized Losses and Fair Value
The following tables show the Corporation’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2022 and 2021.
 2022
 Less than Twelve MonthsTwelve Months or GreaterTotal
  Gross Gross Gross
 FairUnrealizedFairUnrealizedFairUnrealized
(In Thousands)ValueLossesValueLossesValueLosses
Available for sale (AFS)
U.S. Government and agency securities$2,896 $(106)$— $— $2,896 $(106)
Mortgage-backed securities— — 1,282 (214)1,282 (214)
State and political securities95,444 (4,797)36,283 (3,977)131,727 (8,774)
Other debt securities16,896 (664)25,144 (2,886)42,040 (3,550)
Total Debt Securities AFS$115,236 $(5,567)$62,709 $(7,077)$177,945 $(12,644)
 
 2021
 Less than Twelve MonthsTwelve Months or GreaterTotal
  Gross Gross Gross
 FairUnrealizedFairUnrealizedFairUnrealized
(In Thousands)ValueLossesValueLossesValueLosses
Available for sale (AFS)
Mortgage-backed securities$1,747 $(5)$— $— $1,747 $(5)
State and political securities34,203 (398)7,408 (296)41,611 (694)
Other debt securities21,446 (301)1,808 (20)23,254 (321)
Total Debt Securities AFS$57,396 $(704)$9,216 $(316)$66,612 $(1,020)
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities at December 31, 2022, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
(In Thousands)Amortized CostFair Value
Due in one year or less$22,234 $21,880 
Due after one year to five years109,695 103,436 
Due after five years to ten years67,562 62,078 
Due after ten years6,611 6,279 
Total$206,102 $193,673 
Schedule of Gross Realized Gains and Losses The following table represents gross realized gains and losses on those transactions:
 Year Ended December 31,
(In Thousands)202220212020
Gross realized gains:   
U.S. Government and agency securities$— $— $— 
Mortgage-backed securities— — 83 
State and political securities14 408 978 
Other debt securities— 323 554 
Total gross realized gains$14 $731 $1,615 
Gross realized losses: 
U.S. Government and agency securities$— $— $— 
Mortgage-backed securities— — — 
State and political securities233 32 23 
Other debt securities— — — 
Total gross realized losses$233 $32 $23 
Schedule of Unrealized and Realized Gains and Losses Recognized in Net Income The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the years ended December 31, 2022, 2021 and 2020:
(In Thousands)202220212020
Net loss recognized in equity securities during the period$(146)$(40)$16 
Less: Net gains realized on the sale of equity securities during the period— — — 
Unrealized loss recognized in equity securities held at reporting date$(146)$(40)$16