INVESTMENT SECURITIES (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Investments Securities [Abstract] | |
| Schedule of amortized cost and related market value of investment securities available-for-sale |
Available for
Amortized
Unrealized
Unrealized
Allowance for
Fair
(Dollars in Thousands)
Cost
Gains
Losses
Credit Losses
Value
December 31, 2021
U.S. Government Treasury
$
190,409
$
65
$
2,606
$
-
$
187,868
U.S. Government Agency
238,490
1,229
2,141
-
237,578
States and Political Subdivisions
47,762
44
811
(15)
46,980
Mortgage-Backed Securities
89,440
27
598
-
88,869
Corporate Debt Securities
87,537
10
1,304
(21)
86,222
Other Securities
(1)
7,094
-
-
-
7,094
Total
$
660,732
$
1,375
$
7,460
$
(36)
$
654,611
December 31, 2020
U.S. Government Treasury
$
103,547
$
972
$
-
$
-
$
104,519
U.S. Government Agency
205,972
2,743
184
-
208,531
States and Political Subdivisions
3,543
89
-
-
3,632
Mortgage-Backed Securities
456
59
-
-
515
Other Securities
(1)
7,673
-
-
-
7,673
Total
$
321,191
$
3,863
$
184
$
-
$
324,870
Held to Maturity
Amortized
Unrealized
Unrealized
Fair
(Dollars in Thousands)
Cost
Gains
Losses
Value
December 31, 2021
U.S. Government Treasury
$
115,499
$
-
$
1,622
$
113,877
Mortgage-Backed Securities
224,102
2,819
1,099
225,822
Total
$
339,601
$
2,819
$
2,721
$
339,699
December 31, 2020
U.S. Government Treasury
$
5,001
$
13
$
-
$
5,014
Mortgage-Backed Securities
164,938
5,223
-
170,161
Total
$
169,939
$
5,236
$
-
$
175,175
(1)
Includes Federal Home Loan Bank and Federal Reserve Bank recorded
2.0
5.1
2.9
4.8
|
| Schedule of investment securities with maturity distribution based on contractual maturities |
Available for
Held to Maturity
Amortized
Fair
Amortized
Fair
(Dollars in Thousands)
Cost
Value
Cost
Value
Due in one year or less
$
40,322
$
39,916
$
-
$
-
Due after one through five years
297,352
293,514
115,499
113,877
Due after five thru ten years
67,522
66,006
-
-
Mortgage-Backed Securities
89,440
88,869
224,102
225,822
U.S. Government Agency
159,002
159,212
-
-
Other Securities
7,094
7,094
-
-
Total
$
660,732
$
654,611
$
339,601
$
339,699
|
| Schedule of investment securities with continuous unrealized loss position |
Less Than 12 Months
Greater Than 12 Months
Total
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
(Dollars in Thousands)
Value
Losses
Value
Losses
Value
Losses
December 31, 2021
Available for
U.S. Government Treasury
$
172,206
$
2,606
$
-
$
-
$
172,206
$
2,606
U.S. Government Agency
127,484
1,786
17,986
355
145,470
2,141
States and Political Subdivisions
42,122
811
-
-
42,122
811
Mortgage-Backed Securities
81,832
598
-
-
81,832
598
Corporate Debt Securities
69,354
1,304
-
-
69,354
1,304
Total
492,998
7,105
17,986
355
510,984
7,460
Held to Maturity
U.S. Government Treasury
113,877
1,622
-
-
113,877
1,622
Mortgage-Backed Securities
115,015
1,099
-
-
115,015
1,099
Total
$
228,892
$
2,721
$
-
$
-
$
228,892
$
2,721
December 31, 2020
Available for
U.S. Government Agency
$
28,266
$
156
$
4,670
$
28
$
32,936
$
184
Total
28,266
156
4,670
28
32,936
184
|