umbia Financial(CLBK) - 2023 Q1 - Quarterly Report

Mortgage-backed securities and collateralized mortgage obligations totaling $367.4 million at amortized cost, and$328.9 million at fair value at March 31, 2023, are not classified by maturity as their expected lives are likely to be shorter than the contractual maturity date due to principal prepayments. Debt securities held to maturity having a carrying value of $346.8 million and$228.8 million, at March 31, 2023 and December 31, 2022, respectively, were pledged as security for public funds on deposit at ...