SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020
Available for sale:
U.S. government and agencies	$	4,750	$	85	$	—		$	4,835
State and municipal		206,206		3,537		(89	)		209,654
Mortgage-backed securities		361,847		14,234		—			376,081
Collateralized mortgage obligations		107,380		237		(207	)		107,410
Asset-backed and other amortizing securities		34,524		2,287		—			36,811
	$	714,707	$	20,380	$	(296	)	$	734,791

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2019
Available for sale:
U.S. government and agencies	$	4,750	$	57	$	—		$	4,807
State and municipal		94,512		1,091		(911	)		94,692
Mortgage-backed securities		463,899		3,727		(3,110	)		464,516
Collateralized mortgage obligations		107,443		15		(169	)		107,289
Asset-backed and other amortizing securities		35,833		522		(9	)		36,346
	$	706,437	$	5,412	$	(4,199	)	$	707,650

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2020 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	$	5,772	$	5,862
After 1 year through 5 years		—		—
After 5 years through 10 years		15,730		16,150
After 10 years		189,454		192,477
Other		503,751		520,302
	$	714,707	$	734,791

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, 2020
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		21,741		88		384		1		22,125		89
Mortgage-backed securities		—		—		—		—		—		—
Collateralized mortgage obligations		10,071		207		—		—		10,071		207
Asset-backed and other amortizing securities		—		—		—		—		—		—
	$	31,812	$	295	$	384	$	1	$	32,196	$	296

December 31, 2019
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		58,389		910		387		1		58,776		911
Mortgage-backed securities		284,120		3,070		4,661		40		288,781		3,110
Collateralized mortgage obligations		60,039		169		—		—		60,039		169
Asset-backed and other amortizing securities		2,661		9		—		—		2,661		9
	$	405,209	$	4,158	$	5,048	$	41	$	410,257	$	4,199