SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

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
March 31, 2020
U.S. treasury notes	$	9,142	$	194	$	—	$	9,336
U.S. government agencies		17,732		202		(14)		17,920
States and political subdivisions		28,286		602		(12)		28,876
Mortgage-backed - residential		106,857		3,133		—		109,990
Mortgage-backed - commercial		48,436		320		(513)		48,243
Asset-backed		35,396		37		(2,611)		32,822
Total	$	245,849	$	4,488	$	(3,150)	$	247,187
December 31, 2019
U.S. treasury notes	$	9,165	$	3	$	—	$	9,168
U.S. government agencies		23,716		60		(41)		23,735
States and political subdivisions		31,950		661		(22)		32,589
Mortgage-backed - residential		113,629		634		(272)		113,991
Mortgage-backed - commercial		50,092		406		(147)		50,351
Asset-backed		35,682		55		(241)		35,496
Total	$	264,234	$	1,819	$	(723)	$	265,330

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

	Amortized		Fair
	Cost		Value
Due in one year or less	$	8,314	$	8,391
Due after one year through five years		17,129		17,389
Due after five years through ten years		14,040		14,298
Due after ten years		15,677		16,054
		55,160		56,132
Mortgage-backed - residential		106,857		109,990
Mortgage-backed - commercial		48,436		48,243
Asset-backed		35,396		32,822
Total	$	245,849	$	247,187

Schedule of securities with unrealized losses not recognized in income

March 31, 2020

	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	$	—	$	—	$	1,295	$	(14)	$	1,295	$	(14)
States and political subdivisions		1,208		(12)		—		—		1,208		(12)
Mortgage-backed - commercial		23,420		(463)		6,237		(50)		29,657		(513)
Asset-backed		23,785		(1,895)		6,336		(716)		30,121		(2,611)
Total temporarily impaired	$	48,413	$	(2,370)	$	13,868	$	(780)	$	62,281	$	(3,150)

December 31, 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	$	6,171	$	(18)	$	4,396	$	(23)	$	10,567	$	(41)
States and political subdivisions		859		(3)		1,199		(19)		2,058		(22)
Mortgage-backed - residential		32,718		(129)		14,583		(143)		47,301		(272)
Mortgage-backed - commercial		5,760		(25)		10,625		(122)		16,385		(147)
Asset-backed		21,786		(150)		6,962		(91)		28,748		(241)
Total temporarily impaired	$	67,294	$	(325)	$	37,765	$	(398)	$	105,059	$	(723)