INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Available-for-Sale Investment Securities

The amortized cost and estimated fair value of equity and debt securities at December 31 are summarized as follows (in thousands):

	Amortized Cost		Unrealized Gains	Unrealized Losses	Fair Value
2018
Debt Securities Available-for-Sale:
U.S. Treasury notes	$	2,278	—	43	2,235
U.S. Agency notes	80,708		—	2,368	78,340
U.S. Agency mortgage-backed securities	57,584		7	1,981	55,610
Municipal securities:
Non-taxable	86,059		77	1,422	84,714
Taxable	17,654		102	234	17,522
	$	244,283	186	6,048	238,421
Debt Securities Held-to-Maturity:
Municipal securities:
Non-taxable	$	26,021	84	635	25,470
Taxable	3,700		—	146	3,554
	$	29,721	84	781	29,024
2017
Equity Securities with a Readily Determinable Fair Value:
Mutual funds	$	1,586	2	46	1,542
Trust preferred securities	49		1	—	50
Equity securities	475		97	4	568
	$	2,110	100	50	2,160
Debt Securities Available-for-Sale:
U.S. Treasury notes	$	2,283	—	24	2,259
U.S. Agency notes	84,837		57	1,633	83,261
U.S. Agency mortgage-backed securities	68,347		33	1,227	67,153
Municipal securities:
Non-taxable	102,849		343	1,018	102,174
Taxable	20,313		175	122	20,366
	$	278,629	608	4,024	275,213
Debt Securities Held-to-Maturity:
Municipal securities:
Non-taxable	$	28,871	101	227	28,745
Taxable	3,700		—	95	3,605
	$	32,571	101	322	32,350

Securities in a Continuous Loss Position

Information concerning debt securities with gross unrealized losses at December 31, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (in thousands):

	Less Than Twelve Months			Twelve Months or More
	Fair Value		Unrealized Losses	Fair Value	Unrealized Losses
2018
Available-for-Sale:
U.S. Treasury notes	$	—	—	2,235	43
U.S. Agency notes	4,988		7	73,351	2,361
U.S. Agency mortgage-backed securities	137		—	55,217	1,981
Municipal securities:
Non-taxable	14,264		49	58,211	1,373
Taxable	—		—	14,407	234
	$	19,389	56	203,421	5,992
Held-to-Maturity:
Municipal securities:
Non-taxable	$	366	1	18,588	634
Taxable	400		1	3,154	145
	$	766	2	21,742	779
2017
Available-for-Sale:
U.S. Treasury notes	$	2,259	24	—	—
U.S. Agency notes	33,651		344	44,560	1,289
U.S. Agency mortgage-backed securities	24,433		142	41,080	1,085
Municipal securities:
Non-taxable	36,348		315	24,197	703
Taxable	11,068		114	1,032	8
	$	107,759	939	110,869	3,085
Held-to-Maturity:
Municipal securities:
Non-taxable	$	9,824	133	3,542	94
Taxable	—		—	3,205	95
	$	9,824	133	6,747	189

Investments Classified by Contractual Maturity Date

Contractual maturities of debt securities at December 31, 2018 were as follows (in thousands).  Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations.

	Available-for-Sale			Held-to-Maturity
	Amortized Cost		Fair Value	Amortized Cost	Fair Value
Due within one year	$	14,768	14,699	3,200	3,195
Due from one to five years	112,871		110,829	3,143	3,069
Due from five to ten years	57,336		55,633	7,982	7,787
Due after ten years	1,724		1,650	15,396	14,973
	186,699		182,811	29,721	29,024
U.S. Agency mortgage-backed securities	57,584		55,610	—	—
	$	244,283	238,421	29,721	29,024

Realized Gain (Loss) on Investment Securities Available-for-Sale

Certain information concerning the sale of equity and debt securities available-for-sale for the years ended December 31 was as follows (in thousands):

	2018		2017	2016
Proceeds from sales	$	8,545	43,246	92,455
Gross realized gains	21		247	1,103
Gross realized losses	29		14	21