SECURITIES (Tables)

9 Months Ended

Sep. 30, 2018

SECURITIES

Schedule of securities available for sale

Period-end securities are as follows:

(in thousands)

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available for Sale
September 30, 2018
U.S. treasury notes	$	4,036	$	—	$	(96)	$	3,940
U. S. government agencies		32,443		369		(891)		31,921
States and political subdivisions		71,790		416		(1,251)		70,955
Mortgage-backed - residential		132,966		8		(6,268)		126,706
Mortgage-backed - commercial		45,784		—		(1,012)		44,772
Equity securities		270		11		—		281
Total	$	287,289	$	804	$	(9,518)	$	278,575
December 31, 2017
U.S. treasury notes	$	4,046	$	—	$	(22)	$	4,024
U. S. government agencies		41,658		405		(358)		41,705
States and political subdivisions		88,485		1,783		(133)		90,135
Mortgage-backed - residential		132,664		43		(2,330)		130,377
Mortgage-backed - commercial		52,267		18		(689)		51,596
Equity securities		320		20		—		340
Total	$	319,440	$	2,269	$	(3,532)	$	318,177

Schedule of amortized cost and fair value of securities by contractual maturity

	Amortized		Fair
	Cost		Value
Due in one year or less	$	—	$	—
Due after one year through five years		32,945		32,734
Due after five years through ten years		23,297		22,868
Due after ten years		52,027		51,214
		108,269		106,816
Mortgage-backed - residential		132,966		126,706
Mortgage-backed - commercial		45,784		44,772
Equity		270		281
Total	$	287,289	$	278,575

Schedule of securities with unrealized losses not recognized in income

September 30, 2018

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
U.S. treasury notes	$	3,940	$	(96)	$	—	$	—	$	3,940	$	(96)
U.S. government agencies		17,730		(362)		14,191		(529)		31,921		(891)
States and municipals		62,866		(924)		8,089		(327)		70,955		(1,251)
Mortgage-backed - residential		52,283		(2,342)		74,423		(3,926)		126,706		(6,268)
Mortgage-backed - commercial		21,483		(72)		23,289		(940)		44,772		(1,012)
Total temporarily impaired	$	158,302	$	(3,796)	$	119,992	$	(5,722)	$	278,294	$	(9,518)

December 31, 2017

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
U.S. treasury notes	$	4,024	$	(22)	$	—	$	—	$	4,024	$	(22)
U.S. government agencies		18,405		(130)		12,692		(228)		31,097		(358)
States and municipals		15,442		(97)		2,769		(36)		18,211		(133)
Mortgage-backed - residential		70,646		(817)		54,760		(1,513)		125,406		(2,330)
Mortgage-backed - commercial		39,394		(409)		7,371		(280)		46,765		(689)
Total temporarily impaired	$	147,911	$	(1,475)	$	77,592	$	(2,057)	$	225,503	$	(3,532)