INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

amortized cost and estimated fair value of investment securities

The amortized cost and estimated fair value of investment securities at December 31, 2020 and 2019 consisted of the following (dollars in thousands):

INVESTMENT SECURITIES

Available-for-Sale
	2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Debt securities:
U.S. Government Agencies and Sponsored Agencies	$	276,191	$	8,474	$	(832	)	$	283,833
Obligations of states and political subdivisions		15,288		1,013		—			16,301
Corporate Debt Securities		6,748		85		(1	)		6,832
	$	298,227	$	9,572	$	(833	)	$	306,966

Held-to-Maturity

Held-to-Maturity

INVESTMENT SECURITIES (Details 2)

	2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:
U.S. Government Agencies and Sponsored Agencies	$	12	$	1	$	—	$	13
	2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:
U.S. Government Agencies and Sponsored Agencies	$	248	$	18	$	—	$	266

The amortized cost and estimated fair value of investment securities

The amortized cost and estimated fair value of investment securities at December 31, 2020 by contractual maturity are shown below (dollars in thousands).

INVESTMENT SECURITIES (Details 3)

	Available-for-Sale				Held-to-Maturity
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	2,278	$	2,301
After one year through five years		360		361
After five years through ten years		16,878		17,810
After ten years		2,520		2,661
		22,036		23,133
Investment securities not due at a single maturity date:
U.S. Government Agencies and Sponsored Agencies		276,191		283,833	$	12	$	13
	$	298,227	$	306,966	$	12	$	13

Investment securities with unrealized losses

Investment securities with unrealized losses at December 31, 2020 and 2019 are summarized and classified according to the duration of the loss period as follows (dollars in thousands):

INVESTMENT SECURITIES (Details 4)

	2020
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
Available-for-Sale
Debt securities:
U.S. Government Agencies and Sponsored Agencies	$	58,886	$	(403	)	$	31,138	$	(429	)	$	90,024	$	(832	)
Corporate Debt Securities		749		(1	)		—		—			749		(1	)
	$	59,635	$	(404	)	$	31,138	$	(429	)	$	90,773	$	(833	)