v3.26.3
SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses
Securities available for sale are summarized as follows as of the dates presented below (dollars in thousands):
 
                    
  Amortized
Cost		  Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Allowance
for Credit 
Losses		  Fair
Value		 
September 30, 2026                   
Available for sale:                   
State and municipal$196,634  $1  $(37,810)  $-  $158,825 
Residential mortgage-backed securities 283,995   -   (54,995)   -   229,000 
Commercial mortgage-backed securities 53,264   -   (5,923)   -   47,341 
Commercial collateralized mortgage obligations 66,233   5   (138)   -   66,100 
Asset-backed and other amortizing securities 12,630   -   (1,332)   -   11,298 
Other securities 5,612   252   (81)   -   5,783 
 $618,368  $258  $(100,279)  $-  $518,347 
                    
December 31, 2025                   
Available for sale:                   
State and municipal$199,417  $388  $(23,500)  $-  $176,305 
Residential mortgage-backed securities 302,711   130   (42,081)   -   260,760 
Commercial mortgage-backed securities 48,769   -   (3,983)   -   44,786 
Commercial collateralized mortgage obligations 67,708   77   (188)   -   67,597 
Asset-backed and other amortizing securities 13,972   -   (840)   -   13,132 
Other securities 5,000   -   (40)   -   4,960 
 $637,577  $595  $(70,632)  $-  $567,540 
Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and estimated fair value of securities at September 30, 2026 are presented below by contractual maturity (dollars in thousands). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Declining-balance securities are shown separately since they are not due at a single maturity date.
 
        
 Available for Sale  
 Amortized
Cost		  Fair
Value		 
Within 1 year$490  $491 
After 1 year through 5 years 4,129   4,060 
After 5 years through 10 years 19,467   18,229 
After 10 years 178,160   141,828 
Declining-balance securities 416,122   353,739 
 $618,368  $518,347 
Securities with Unrealized Losses Segregated by the Period in a Loss Position
The following table segregates securities with unrealized losses at the dates indicated, by the duration they have been in a loss position for which an allowance for credit losses has not been recorded (dollars in thousands):
                        
 Less than 12 Months   12 Months or More   Total  
 Fair
Value		   Unrealized
Loss		  Fair
Value		   Unrealized
Loss		  Fair
Value		   Unrealized
Loss		 
September 30, 2026                       
State and municipal$6,985  $299  $148,009  $37,511  $154,994  $37,810 
Residential mortgage-backed securities 13,000   560   216,000   54,435   229,000   54,995 
Commercial mortgage-backed securities 8,607   429   38,734   5,494   47,341   5,923 
Commercial collateralized mortgage obligations 38,541   138   -   -   38,541   138 
Asset-backed and other amortizing securities -   -   11,299   1,332   11,299   1,332 
Other securities 2,319   81   -   -   2,319   81 
 $69,452  $1,507  $414,042  $98,772  $483,494  $100,279 
                        
December 31, 2025                       
State and municipal$205  $-  $165,618  $23,500  $165,823  $23,500 
Residential mortgage-backed securities 3,132   48   249,710   42,033   252,842   42,081 
Commercial mortgage-backed securities 3,503   7   41,284   3,976   44,787   3,983 
Commercial collateralized mortgage obligations 63,210   188   -   -   63,210   188 
Asset-backed and other amortizing securities -   -   13,132   840   13,132   840 
Other securities -   -   4,961   40   4,961   40 
 $70,050  $243  $474,705  $70,389  $544,755  $70,632