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SECURITIES (Tables)
9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Securities Available for Sale
Debt securities available-for-sale ("AFS") at September 30, 2023 and December 31, 2022 were as follows:
 September 30, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$3,887 $— $(62)$— $3,825 
State & political subdivisions106,651 — (18,215)— 88,436 
Residential & multi-family mortgage233,464 — (44,355)— 189,109 
Corporate notes & bonds48,639 (5,737)— 42,906 
Pooled SBA12,047 — (1,201)— 10,846 
Total$404,688 $$(69,570)$— $335,122 

 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 $(61,607)$— $371,409 
Information pertaining to security sales on AFS securities is as follows:
ProceedsGross
Gains
Gross
Losses
Three months ended September 30, 2023$— $— $— 
Three months ended September 30, 2022— — — 
Nine months ended September 30, 202313,151 52 — 
Nine months ended September 30, 202222,164 651 — 
Schedule of Debt Securities Held-to-maturities
Debt securities held-to-maturity ("HTM") at September 30, 2023 and December 31, 2022 were as follows:
 September 30, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$302,871 $— $(26,628)$— $276,243 
Residential & multi-family mortgage88,430 — (12,604)— 75,826 
Total$391,301 $— $(39,232)$— $352,069 

 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 September 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:

September 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$— $— $276,243 $(26,628)$276,243 $(26,628)
Residential & multi-family mortgage— — 75,826 (12,604)75,826 (12,604)
$— $— $352,069 $(39,232)$352,069 $(39,232)

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 September 30, 2023:
Available-for-saleHeld-to-maturity
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
1 year or less$10,533 $10,388 $53,827 $52,288 
1 year – 5 years43,540 40,467 203,661 186,750 
5 years – 10 years82,397 68,505 45,383 37,205 
After 10 years22,707 15,807 — — 
159,177 135,167 302,871 276,243 
Residential & multi-family mortgage233,464 189,109 88,430 75,826 
Pooled SBA12,047 10,846 — — 
Total debt securities$404,688 $335,122 $391,301 $352,069 
Available-for-sale Securities with Unrealized Loss Position
AFS debt securities with unrealized losses at September 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:

September 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$389 $(5)$1,536 $(57)$1,925 $(62)
State & political subdivisions2,944 (20)85,246 (18,195)88,190 (18,215)
Residential & multi-family mortgage210 (6)188,812 (44,349)189,022 (44,355)
Corporate notes and bonds1,770 (230)40,477 (5,507)42,247 (5,737)
Pooled SBA— — 10,754 (1,201)10,754 (1,201)
$5,313 $(261)$326,825 $(69,309)$332,138 $(69,570)
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 September 30, 2023 and December 31, 2022 were as follows:
September 30, 2023December 31, 2022
Corporate equity securities$5,327 $6,973 
Mutual funds2,086 1,406 
Money market funds865479 
Corporate notes670 757 
Total$8,948 $9,615