SECURITIES (Tables)

6 Months Ended

Jun. 30, 2023

SECURITIES

Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
June 30, 2023:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,867	$	—	$	(1,021)	$	6,846
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		140,777		—		(15,648)		125,129
Other		9,224		176		(45)		9,355
Other mortgage backed securities		32,341		—		(3,258)		29,083
Obligations of state and political subdivisions		100,161		9		(12,110)		88,060
Asset-backed securities		32,831		7		(794)		32,044
Corporate debt securities		45,741		129		(4,807)		41,063
Total	$	368,942	$	321	$	(37,683)	$	331,580

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2022:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,853	$	—	$	(1,052)	$	6,801
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		146,707		—		(15,032)		131,675
Other		10,992		233		(45)		11,180
Other mortgage backed securities		36,767		—		(3,079)		33,688
Obligations of state and political subdivisions		125,176		266		(14,753)		110,689
Asset-backed securities		37,526		—		(1,108)		36,418
Corporate debt securities		45,838		183		(3,028)		42,993
Total	$	410,859	$	682	$	(38,097)	$	373,444

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

			June 30, 2023
			Debt Securities Available-For-Sale
(Dollars in thousands)				U.S. Government		Other		Obligations
				Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury			Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities			Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—		$	—	$	6,245	$	1,922	$	—	$	12,562
Fair value		—			—		6,119		1,911		—		12,587
1 - 5 Years:
Amortized cost		2,898			736		1,746		17,995		—		—
Fair value		2,560			726		1,627		17,231		—		—
5 - 10 Years:
Amortized cost		4,969			14,225		—		22,139		2,049		33,179
Fair value		4,286			14,307		—		19,203		2,039		28,476
After 10 Years:
Amortized cost		—			135,040		24,350		58,105		30,782		—
Fair value		—			119,451		21,337		49,715		30,005		—
Total:
Amortized cost	$	7,867		$	150,001	$	32,341	$	100,161	$	32,831	$	45,741
Fair value		6,846			134,484		29,083		88,060		32,044		41,063

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

Schedule of gross unrealized losses and fair value of the corporations debt securities

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	6,846	$	(1,021)	$	6,846	$	(1,021)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		41,155		(1,097)		83,974		(14,551)		125,129		(15,648)
Other		1,271		(6)		2,623		(39)		3,894		(45)
Other mortgage-backed debt securities		—		—		29,083		(3,258)		29,083		(3,258)
Obligations of state and political subdivisions		3,903		(36)		80,153		(12,074)		84,056		(12,110)
Asset-backed securities		6,302		(5)		21,544		(789)		27,846		(794)
Corporate debt securities		2,812		(298)		32,622		(4,509)		35,434		(4,807)
Total	$	55,443	$	(1,442)	$	256,845	$	(36,241)	$	312,288	$	(37,683)

December 31, 2022

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	6,801	$	(1,052)	$	6,801	$	(1,052)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		61,067		(2,184)		65,174		(12,848)		126,241		(15,032)
Other		1,589		(2)		3,168		(43)		4,757		(45)
Other mortgage-backed debt securities		16,167		(962)		17,521		(2,117)		33,688		(3,079)
Obligations of state and political subdivisions		56,565		(5,881)		35,704		(8,872)		92,269		(14,753)
Asset-backed securities		24,136		(405)		12,282		(703)		36,418		(1,108)
Corporate debt securities		15,827		(1,073)		18,345		(1,955)		34,172		(3,028)
Total	$	175,351	$	(10,507)	$	158,995	$	(27,590)	$	334,346	$	(38,097)

Schedule of realized gains and losses recognized in net income on equity securities

(Dollars in thousands)	Six months ended		Six months ended
	June 30, 2023		June 30, 2022
Net losses from market value fluctuations recognized during the period on equity securities	$	(224)	$	(158)
Less: Net gains recognized during the period on equity securities sold during the period		—		27
Net losses recognized during the reporting period on equity securities still held at the reporting date	$	(224)	$	(131)