SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Amortized Cost and Fair Value of Securities, with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, at period-end follow:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

March 31, 2019
Available for sale:
U.S. government and agencies	$	85,217	$	26	$	(42	)	$	85,201
State and municipal		32,118		566		(163	)		32,521
Mortgage-backed securities		182,684		1,092		(992	)		182,784
Asset-backed and other amortizing securities		38,965		33		(453	)		38,545

	$	338,984	$	1,717	$	(1,650	)	$	339,051

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

December 31, 2018
Available for sale:
U.S. government and agencies	$	84,765	$	18	$	(76	)	$	84,707
State and municipal		32,205		480		(375	)		32,310
Mortgage-backed securities		184,267		29		(2,040	)		182,256
Asset-backed and other amortizing securities		39,799		1		(877	)		38,923

	$	341,036	$	528	$	(3,368	)	$	338,196

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of debt securities at March 31, 2019 are presented below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities are shown separately since they are not due at a single maturity date.

	Available for Sale
	Amortized Cost		Fair Value

Within 1 year	$	78,370	$	78,356
After 1 year through 5 years		7,317		7,318
After 5 years through 10 years		12,006		11,997
After 10 years		19,642		20,051
Other		221,649		221,329

	$	338,984	$	339,051

Securities with Unrealized Losses Segregated by the Period in a Loss Position

The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position:

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
March 31, 2019
U.S. government and agencies	$	74,872	$	9	$	5,553	$	33	$	80,425	$	42
State and municipal		918		1		13,443		162		14,361		163
Mortgage-backed securities		-		-		53,083		992		53,083		992
Asset-backed and other amortizing securities		-		-		34,060		453		34,060		453

	$	75,790	$	10	$	106,139	$	1,640	$	181,929	$	1,650

December 31, 2018
U.S. government and agencies	$	77,891	$	27	$	2,048	$	49	$	79,939	$	76
State and municipal		5,662		92		9,781		283		15,443		375
Mortgage-backed securities		108,962		293		54,035		1,747		162,997		2,040
Asset-backed and other amortizing securities		-		-		37,351		877		37,351		877

	$	192,515	$	412	$	103,215	$	2,956	$	295,730	$	3,368