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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Securities Available for Sale
Debt securities available-for-sale ("AFS") at March 31, 2024 and December 31, 2023 were as follows:
 March 31, 2024
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$19,506 $— $(31)$— $19,475 
State & political subdivisions104,979 (13,743)— 91,242 
Residential & multi-family mortgage220,199 — (35,417)— 184,782 
Corporate notes & bonds48,281 (5,317)— 42,967 
Pooled SBA11,029 — (930)— 10,099 
Total$403,994 $$(55,438)$— $348,565 

 December 31, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$5,024 $— $(36)$— $4,988 
State & political subdivisions105,102 22 (13,315)— 91,809 
Residential & multi-family mortgage225,871 (34,353)— 191,519 
Corporate notes & bonds48,459 13 (5,333)— 43,139 
Pooled SBA11,347 — (847)— 10,500 
Total$395,803 $36 $(53,884)$— $341,955 
Information pertaining to security sales on AFS securities is as follows:
ProceedsGross
Gains
Gross
Losses
Three months ended March 31, 2024$— $— $— 
Three months ended March 31, 20239,659 22 — 
Schedule of Debt Securities Held-to-maturities
Debt securities held-to-maturity ("HTM") at March 31, 2024 and December 31, 2023 were as follows:
 March 31, 2024
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$298,024 $— $(19,373)$— $278,651 
Residential & multi-family mortgage83,682 — (10,195)— 73,487 
Total$381,706 $— $(29,568)$— $352,138 

 December 31, 2023
 AmortizedUnrealizedAllowance ForFair
 CostGainsLossesCredit LossesValue
U.S. Government sponsored entities$302,945 $— $(19,038)$— $283,907 
Residential & multi-family mortgage86,023 — (9,360)— 76,663 
Total$388,968 $— $(28,398)$— $360,570 
HTM debt securities with unrealized losses at March 31, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

March 31, 2024
 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$— $— $278,651 $(19,373)$278,651 $(19,373)
Residential & multi-family mortgage— — 73,487 (10,195)73,487 (10,195)
$— $— $352,138 $(29,568)$352,138 $(29,568)

December 31, 2023
 Less than 12 Months12 Months or MoreTotal
 Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$— $— $283,907 $(19,038)$283,907 $(19,038)
Residential & multi-family mortgage— — 76,663 (9,360)76,663 (9,360)
$— $— $360,570 $(28,398)$360,570 $(28,398)
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 March 31, 2024:
Available-for-saleHeld-to-maturity
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
1 year or less$18,688 $18,582 $87,559 $85,994 
1 year – 5 years50,847 48,517 172,326 160,096 
5 years – 10 years81,804 70,462 38,139 32,561 
After 10 years21,427 16,123 — — 
172,766 153,684 298,024 278,651 
Residential & multi-family mortgage220,199 184,782 83,682 73,487 
Pooled SBA11,029 10,099 — — 
Total debt securities$403,994 $348,565 $381,706 $352,138 
Available-for-sale Securities with Unrealized Loss Position
AFS debt securities with unrealized losses at March 31, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

March 31, 2024
 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$18,028 $(7)$1,447 $(24)$19,475 $(31)
State & political subdivisions5,266 (188)81,595 (13,555)86,861 (13,743)
Residential & multi-family mortgage112 (3)184,580 (35,414)184,692 (35,417)
Corporate notes and bonds986 (14)41,314 (5,303)42,300 (5,317)
Pooled SBA84 (1)9,924 (929)10,008 (930)
$24,476 $(213)$318,860 $(55,225)$343,336 $(55,438)

December 31, 2023
 Less than 12 Months12 Months or MoreTotal
 Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government sponsored entities$2,487 $(1)$1,956 $(35)$4,443 $(36)
State & political subdivisions749 — 84,828 (13,315)85,577 (13,315)
Residential & multi-family mortgage— — 191,436 (34,353)191,436 (34,353)
Corporate notes and bonds978 (22)41,488 (5,311)42,466 (5,333)
Pooled SBA— — 10,409 (847)10,409 (847)
$4,214 $(23)$330,117 $(53,861)$334,331 $(53,884)
Schedule of Trading Securities
Equity securities at March 31, 2024 and December 31, 2023 were as follows:
March 31, 2024December 31, 2023
Corporate equity securities$5,416 $5,341 
Mutual funds2,278 2,223 
Money market funds13551,103 
Corporate notes532 634 
Total$9,581 $9,301