SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019
U.S. treasury notes	$	2,986	$	1	$	—	$	2,987
U.S. government agencies		22,154		76		(37)		22,193
States and political subdivisions		35,223		887		(37)		36,073
Mortgage-backed - residential		94,876		623		(184)		95,315
Mortgage-backed - commercial		53,606		645		(137)		54,114
Asset-backed		35,974		58		(172)		35,860
Total	$	244,819	$	2,290	$	(567)	$	246,542
December 31, 2018
U.S. treasury notes	$	4,032	$	—	$	(57)	$	3,975
U.S. government agencies		41,122		515		(459)		41,178
States and political subdivisions		64,196		503		(495)		64,204
Mortgage-backed - residential		150,704		159		(3,614)		147,249
Mortgage-backed - commercial		49,484		—		(921)		48,563
Asset-backed		10,234		56		(90)		10,200
Total	$	319,772	$	1,233	$	(5,636)	$	315,369

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

	Amortized		Fair
	Cost		Value
Due in one year or less	$	7,360	$	7,355
Due after one year through five years		15,872		15,880
Due after five years through ten years		14,715		14,936
Due after ten years		22,416		23,082
		60,363		61,253
Mortgage-backed - residential		94,876		95,315
Mortgage-backed - commercial		53,606		54,114
Asset-backed		35,974		35,860
Total	$	244,819	$	246,542

Schedule of securities with unrealized losses not recognized in income

September 30, 2019

	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. government agencies		3,411		(7)		4,653		(30)		8,064		(37)
States and political subdivisions		2,420		(9)		1,192		(28)		3,612		(37)
Mortgage-backed - residential		10,925		(42)		16,263		(142)		27,188		(184)
Mortgage-backed - commercial		7,683		(25)		11,270		(112)		18,953		(137)
Asset-backed		22,040		(172)		—		—		22,040		(172)
Total temporarily impaired	$	46,479	$	(255)	$	33,378	$	(312)	$	79,857	$	(567)

December 31, 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	$	—	$	—	$	3,975	$	(57)	$	3,975	$	(57)
U.S. government agencies		—		—		21,102		(459)		21,102		(459)
States and political subdivisions		8,007		(125)		25,540		(370)		33,547		(495)
Mortgage-backed - residential		19,250		(144)		112,369		(3,470)		131,619		(3,614)
Mortgage-backed - commercial		—		—		45,949		(921)		45,949		(921)
Asset-backed		1,920		(90)		—		—		1,920		(90)
Total temporarily impaired	$	29,177	$	(359)	$	208,935	$	(5,277)	$	238,112	$	(5,636)