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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Securities Available for Sale
Debt securities available-for-sale ("AFS") at June 30, 2023 and December 31, 2022 were as follows:
 June 30, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$3,074 $— $(80)$— $2,994 
State & political subdivisions107,396 (14,928)— 92,476 
Residential & multi-family mortgage240,874 — (37,442)— 203,432 
Corporate notes & bonds48,779 (5,931)— 42,857 
Pooled SBA12,413 — (1,036)— 11,377 
Total$412,536 $17 $(59,417)$— $353,136 

 December 31, 2022
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$3,213 $— $(84)$— $3,129 
State & political subdivisions112,734 24 (17,095)— 95,663 
Residential & multi-family mortgage256,111 — (38,564)— 217,547 
Corporate notes & bonds47,111 — (4,720)— 42,391 
Pooled SBA13,823 — (1,144)— 12,679 
Total$432,992 $24 $(61,607)$— $371,409 
Information pertaining to security sales on AFS securities is as follows:
ProceedsGross
Gains
Gross
Losses
Three months ended June 30, 2023$3,492 $30 $— 
Three months ended June 30, 2022— — — 
Six months ended June 30, 202313,151 52 — 
Six months ended June 30, 202222,164 651 — 
Schedule of Debt Securities Held-to-maturities
Debt securities held-to-maturity ("HTM") at June 30, 2023 and December 31, 2022 were as follows:
 June 30, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$302,798 $— $(25,781)$— $277,017 
Residential & multi-family mortgage91,440 — (9,651)— 81,789 
Total$394,238 $— $(35,432)$— $358,806 
 December 31, 2022
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$307,711 $— $(27,276)$— $280,435 
Residential & multi-family mortgage97,054 — (10,101)— 86,953 
Total$404,765 $— $(37,377)$— $367,388 
HTM debt securities with unrealized losses at June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

June 30, 2023
 Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$— $— $277,017 $(25,781)$277,017 $(25,781)
Residential & multi-family mortgage1,158 (244)80,631 (9,407)81,789 (9,651)
$1,158 $(244)$357,648 $(35,188)$358,806 $(35,432)

December 31, 2022
 Less than 12 Months12 Months or MoreTotal
 Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$143,556 $(10,063)$136,879 $(17,213)$280,435 $(27,276)
Residential & multi-family mortgage24,132 (2,253)62,821 (7,848)86,953 (10,101)
$167,688 $(12,316)$199,700 $(25,061)$367,388 $(37,377)
Schedule of Maturity Distribution of Debt Securities at Amortized Cost and Fair Value
The table below illustrates the maturity distribution of debt securities at amortized cost and fair value as of June 30, 2023:
Available-for-saleHeld-to-maturity
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
1 year or less$7,839 $7,754 $19,912 $19,299 
1 year – 5 years45,110 42,446 232,093 214,648 
5 years – 10 years83,578 70,916 50,793 43,070 
After 10 years22,722 17,211 — — 
159,249 138,327 302,798 277,017 
Residential & multi-family mortgage240,874 203,432 91,440 81,789 
Pooled SBA12,413 11,377 — — 
Total debt securities$412,536 $353,136 $394,238 $358,806 
Available-for-sale Securities with Unrealized Loss Position
AFS debt securities with unrealized losses at June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

June 30, 2023
 Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$1,478 $(5)$1,516 $(75)$2,994 $(80)
State & political subdivisions12,482 (194)77,811 (14,734)90,293 (14,928)
Residential & multi-family mortgage7,833 (356)195,504 (37,086)203,337 (37,442)
Corporate notes and bonds10,624 (905)31,225 (5,026)41,849 (5,931)
Pooled SBA643 (12)10,734 (1,024)11,377 (1,036)
$33,060 $(1,472)$316,790 $(57,945)$349,850 $(59,417)

December 31, 2022
 Less than 12 Months12 Months or MoreTotal
 Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$3,129 $(84)$— $— $3,129 $(84)
State & political subdivisions34,667 (1,887)54,546 (15,208)89,213 (17,095)
Residential & multi-family mortgage48,996 (3,122)168,551 (35,442)217,547 (38,564)
Corporate notes and bonds31,730 (3,403)10,661 (1,317)42,391 (4,720)
Pooled SBA5,107 (314)7,572 (830)12,679 (1,144)
$123,629 $(8,810)$241,330 $(52,797)$364,959 $(61,607)
Schedule of Trading Securities
Equity securities at June 30, 2023 and December 31, 2022 were as follows:
June 30, 2023December 31, 2022
Corporate equity securities$5,633 $6,973 
Mutual funds2,196 1,406 
Money market funds738479 
Corporate notes699 757 
Total$9,266 $9,615