SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

SECURITIES [Abstract]

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
September 30, 2019
Available for sale:
U.S. government and agencies	$	6,848	$	53	$	—		$	6,901
State and municipal		40,720		884		(52	)		41,552
Mortgage-backed securities		251,958		3,226		(1,306	)		253,878
Collateralized mortgage obligations		60,244		—		(59	)		60,185
Asset-backed and other amortizing securities		36,972		1,847		—			38,819
	$	396,742	$	6,010	$	(1,417	)	$	401,335

	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 securities at September 30, 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	$	470	$	475
After 1 year through 5 years		6,848		6,901
After 5 years through 10 years		10,434		10,630
After 10 years		29,816		30,447
Other		349,174		352,882
	$	396,742	$	401,335

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
September 30, 2019
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		9,066		36		1,220		16		10,286		52
Mortgage-backed securities		61,931		1,235		6,679		72		68,610		1,307
Collateralized mortgage obligations		60,185		58		—		—		60,185		58
	$	131,182	$	1,329	$	7,899	$	88	$	139,081	$	1,417
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