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SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2020
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities
The amortized cost and fair value of securities at period-end were as follows (dollars in thousands):

  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
June 30, 2020
            
Available for Sale
            
U.S. Treasury and federal agency securities
 
$
55,633
  
$
499
  
$
(1
)
 
$
56,131
 
U.S. Agency MBS and CMOs
  
62,687
   
1,849
   
(3
)
  
64,533
 
Tax-exempt state and municipal bonds
  
46,315
   
1,910
   
(6
)
  
48,219
 
Taxable state and municipal bonds
  
52,287
   
1,353
   
(32
)
  
53,608
 
Corporate bonds and other debt securities
  
6,789
   
209
   
—
   
6,998
 
  
$
223,711
  
$
5,820
  
$
(42
)
 
$
229,489
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
89,195
  
$
3,344
  
$
—
  
$
92,539
 

  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
December 31, 2019
            
Available for Sale
            
U.S. Treasury and federal agency securities
 
$
74,839
  
$
95
  
$
(185
)
 
$
74,749
 
U.S. Agency MBS and CMOs
  
45,795
   
474
   
(68
)
  
46,201
 
Tax-exempt state and municipal bonds
  
44,718
   
1,244
   
—
   
45,962
 
Taxable state and municipal bonds
  
51,683
   
404
   
(65
)
  
52,022
 
Corporate bonds and other debt securities
  
6,263
   
55
   
(3
)
  
6,315
 
  
$
223,298
  
$
2,272
  
$
(321
)
 
$
225,249
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
82,720
  
$
2,408
  
$
—
  
$
85,128
 
Contractual Maturities of Debt Securities
Contractual maturities of debt securities at June 30, 2020 were as follows (dollars in thousands):

  
Held–to-Maturity Securities
  
Available-for-Sale Securities
 
  
Amortized
Cost
  
Fair
Value
  
Amortized
Cost
  
Fair
Value
 
Due in one year or less
 
$
23,576
  
$
23,683
  
$
31,973
  
$
32,199
 
Due from one to five years
  
33,796
   
34,952
   
70,139
   
72,260
 
Due from five to ten years
  
13,198
   
14,276
   
58,747
   
60,394
 
Due after ten years
  
18,625
   
19,628
   
62,852
   
64,636
 
  
$
89,195
  
$
92,539
  
$
223,711
  
$
229,489
 
Securities in Continuous Unrealized Loss Position
Securities with unrealized losses at June 30, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows (dollars in thousands):

  
Less than 12 Months
  
12 Months or More
  
Total
 
June 30, 2020
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
Available for Sale
                  
U.S. Treasury and federal agency securities
 
$
1,999
  
$
(1
)
 
$
—
  
$
—
  
$
1,999
  
$
(1
)
U.S. Agency MBS and CMOs
  
2,054
   
(3
)
  
—
   
—
   
2,054
   
(3
)
Tax-exempt state and municipal bonds
  
1,545
   
(6
)
  
—
   
—
   
1,545
   
(6
)
Taxable state and municipal bonds
  
2,064
   
(32
)
  
—
   
—
   
2,064
   
(32
)
Corporate bonds and other debt securities
  
—
   
—
   
—
   
—
   
—
   
—
 
Total
 
$
7,662
  
$
(42
)
 
$
—
  
$
—
  
$
7,662
  
$
(42
)
                         
Held to Maturity
                        
Tax-exempt state and municipal bonds
 
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
 

  
Less than 12 Months
  
12 Months or More
  
Total
 
December 31, 2019
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
Available for Sale
                  
U.S. Treasury and federal agency securities
 
$
15,009
  
$
(97
)
 
$
27,026
  
$
(87
)
 
$
42,035
  
$
(184
)
U.S. Agency MBS and CMOs
  
19,117
   
(56
)
  
1,196
   
(12
)
  
20,313
   
(68
)
Tax-exempt state and municipal bonds
  
319
   
—
   
—
   
—
   
319
   
—
 
Taxable state and municipal bonds
  
8,569
   
(57
)
  
2,981
   
(9
)
  
11,550
   
(66
)
Corporate bonds and other debt securities
  
932
   
—
   
852
   
(3
)
  
1,784
   
(3
)
Total temporarily impaired
 
$
43,946
  
$
(210
)
 
$
32,055
  
$
(111
)
 
$
76,001
  
$
(321
)
                         
Held to Maturity
                        
Tax-exempt state and municipal bonds
 
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—