INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2019

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
2019
Debt Securities Available-for-Sale:
U.S. Treasury notes	$	2,273	36	—	2,309
U.S. Agency notes	48,745		273	34	48,984
U.S. Agency mortgage-backed securities	83,977		672	243	84,406
Municipal securities:
Non-taxable	22,174		161	14	22,321
Taxable	19,746		269	35	19,980
	$	176,915	1,411	326	178,000
Debt Securities Held-to-Maturity:
Municipal securities:
Non-taxable	$	24,300	343	5	24,638
Taxable	3,225		25	—	3,250
	$	27,525	368	5	27,888
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

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
2019
Available-for-Sale:
U.S. Treasury notes	$	—	—	—	—
U.S. Agency notes	3,586		11	11,939	23
U.S. Agency mortgage-backed securities	10,555		10	19,233	233
Municipal securities:
Non-taxable	2,631		2	1,257	12
Taxable	5,067		35	450	—
	$	21,839	58	32,879	268
Held-to-Maturity:
Municipal securities:
Non-taxable	$	54	—	2,660	5
Taxable	—		—	—	—
	$	54	—	2,660	5
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

Investments Classified by Contractual Maturity Date

Contractual maturities of debt securities at December 31, 2019 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	$	11,465	11,473	2,435	2,438
Due from one to five years	54,816		55,141	7,404	7,432
Due from five to ten years	26,657		26,980	1,980	2,007
Due after ten years	—		—	15,706	16,011
	92,938		93,594	27,525	27,888
U.S. Agency mortgage-backed securities	83,977		84,406	—	—
	$	176,915	178,000	27,525	27,888

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):

	2019		2018	2017
Proceeds from sales	$	84,521	8,545	43,246
Gross realized gains	228		21	247
Gross realized losses	269		29	14

Equity Securities with Readily Determinable Fair Value [Table Text Block]

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

	2019			2018
	Amortized Cost		Fair Value	Amortized Cost	Fair Value
Mutual funds	$	1,371	1,345	1,651	1,559
Equity securities	741		967	471	519
Total equity securities with a readily determinable fair value	$	2,112	2,312	2,122	2,078

Equity Securities With Readily Determinable Fair Value, Changes in Fair Value [Table Text Block]

Certain information concerning changes in fair value of equity securities with a readily determinable fair value for the years ended December 31 was as follows (in thousands):

	2019		2018
Net gains (losses) recognized	$	264	(73	)
Less net realized gains on equity securities sold	21		20
Unrealized gains (losses) recognized and still held at period end	$	285	(93	)