Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Securities available-for-sale at December 31, 2021 and 2020 were as follows:


	December 31, 2021						December 31, 2020
	Amortized		Gross Unrealized				Fair		Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Gov’t sponsored entities	$	110,788	$	2,728	$	(1,768)	$	111,748	$	150,404	$	6,698	$	(60)	$	157,042
State & political subdivisions	103,232		2,162		(1,682)		103,712		67,819		3,186		(122)		70,883
Residential & multi-family mortgage	437,021		4,127		(6,513)		434,635		306,054		9,276		(138)		315,192
Corporate notes & bonds	28,257		250		(443)		28,064		15,221		105		(400)		14,926

Pooled SBA	18,787		283		(38)		19,032		24,975		912		(1)		25,886
Other	0		0		0		0		1,020		0		(41)		979
Total	$	698,085	$	9,550	$	(10,444)	$	697,191	$	565,493	$	20,177	$	(762)	$	584,908

Information pertaining to security sales is as follows:


Year ended December 31	Proceeds		Gross Gains		Gross Losses
2021	$	33,553	$	783	$	0
2020	57,185		2,257		67
2019	11,403		152		4

Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities

The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at December 31, 2021:


	December 31, 2021
	Amortized Cost		Fair Value
1 year or less	$	17,959	$	18,241
1 year – 5 years	77,146		78,191
5 years – 10 years	139,201		139,000
After 10 years	7,971		8,092
	242,277		243,524
Residential and multi-family mortgage	437,021		434,635
Pooled SBA	18,787		19,032

Total debt securities	$	698,085	$	697,191

Securities with Unrealized Loss Position

Securities with unrealized losses at December 31, 2021 and 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:


December 31, 2021	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	23,733	$	(553)	37,911		(1,215)		$	61,644	$	(1,768)
State & political subdivisions	55,636		(1,399)		5,026		(283)		60,662		(1,682)
Residential & multi-family mortgage	248,690		(4,837)		45,185		(1,676)		293,875		(6,513)
Corporate notes & bonds	6,466		(249)		3,806		(194)		10,272		(443)
Pooled SBA	4,394		(37)		127		(1)		4,521		(38)

	338,919		$	(7,075)	$	92,055	$	(3,369)	$	430,974	$	(10,444)


December 31, 2020	Less than 12 Months		12 Months or More		Total
Description of Securities	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
U.S. Gov’t sponsored entities	24,991	(60)	0	0	24,991	(60)
State & political subdivisions	3,854	(19)	164	(103)	4,018	(122)
Residential and multi-family mortgage	44,092	(119)	3,277	(19)	47,369	(138)
Corporate notes & bonds	0	0	4,545	(400)	4,545	(400)
Pooled SBA	525	(1)	0	0	525	(1)
Other	0	0	979	(41)	979	(41)
	73,462	(199)	8,965	(563)	82,427	(762)

Trading Securities

Equity securities at December 31, 2021 and 2020 were as follows:


	December 31, 2021		December 31, 2020
Corporate equity securities	$	6,715	$	4,343
Mutual funds	2,566		1,283
Money market	506		404
Corporate notes and bonds	579		569
U.S. Government sponsored entities	0		50
Total	$	10,366	$	6,649