INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

Investments in Securities

Investment Securities

	March 31, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	305,885	$	928	$	9,337	$	297,476
Agency collateralized mortgage obligations		78,199		73		5,263		73,009
States and political subdivisions		41,202		221		426		40,997
Small Business Administration securities		50,428		441		976		49,893
	$	475,714	$	1,663	$	16,002	$	461,375

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	219,624	$	10,561	$	744	$	229,441
Agency collateralized mortgage obligations		204,332		2,443		2,498		204,277
States and political subdivisions		38,440		1,618		43		40,015
Small Business Administration securities		26,802		497		—		27,299
	$	489,198	$	15,119	$	3,285	$	501,032

Schedule of amortized cost and fair values of securities classified as held-to-maturity

	March 31, 2022
					Amortized		Gross		Gross
	Amortized		Fair Value		Carrying		Unrealized		Unrealized		Fair
	Cost		Adjustment		Value		Gains		Losses		Value
	(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	88,542	$	4,424	$	92,966	$	—	$	2,966	$	90,000
Agency collateralized mortgage obligations		131,638		(3,420)		128,218		—		4,023		124,195
States and political subdivisions		6,278		(21)		6,257		—		264		5,993
	$	226,458	$	983	$	227,441	$	—	$	7,253	$	220,188

Investments Classified by Contractual Maturity Date

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Carrying Value		Value
	(In Thousands)
One year or less	$	—	$	—	$	—	$	—
After one through two years		—		—		—		—
After two through three years		—		—		—		—
After three through four years		—		—		—		—
After four through five years		2,292		2,318		—		—
After five through fifteen years		13,081		13,208		2,575		2,440
After fifteen years		25,831		25,474		3,681		3,553
Securities not due on a single maturity date		434,510		420,375		221,185		214,195
	$	475,714	$	461,375	$	227,441	$	220,188

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

	March 31, 2022
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	244,661	$	(9,337)	$	—	$	—	$	244,661	$	(9,337)
Agency collateralized mortgage obligations		25,813		(1,177)		34,761		(4,086)		60,574		(5,263)
States and political subdivisions securities		17,527		(179)		3,976		(247)		21,503		(426)
Small Business Administration securities		24,804		(976)		—		—		24,804		(976)
	$	312,805	$	(11,669)	$	38,737	$	(4,333)	$	351,542	$	(16,002)

	March 31, 2022
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
HELD-TO-MATURITY SECURITIES:
Agency mortgage-backed securities	$	80,283	$	(2,662)	$	9,717	$	(304)	$	90,000	$	(2,966)
Agency collateralized mortgage obligations		70,764		(1,772)		53,431		(2,251)		124,195		(4,023)
States and political subdivisions securities		932		(58)		5,061		(206)		5,993		(264)
	$	151,979	$	(4,492)	$	68,209	$	(2,761)	$	220,188	$	(7,253)

	December 31, 2021
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
AVAILABLE-FOR-SALE SECURITIES:
Agency mortgage-backed securities	$	47,769	$	(388)	$	10,583	$	(356)	$	58,352	$	(744)
Agency collateralized mortgage obligations		92,727		(1,588)		16,298		(910)		109,025		(2,498)
States and political subdivisions securities		6,537		(43)		—		—		6,537		(43)
	$	147,033	$	(2,019)	$	26,881	$	(1,266)	$	173,914	$	(3,285)