SECURITIES (Tables)

9 Months Ended

Sep. 30, 2020

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 30,2020
Available for sale:
U.S. government and agencies	$	4,750	$	35	$	—		$	4,785
State and municipal		242,010		8,248		(428	)		249,830
Mortgage-backed securities		309,227		15,778		—			325,005
Collateralized mortgage obligations		107,249		—		(472	)		106,777
Asset-backed and other amortizing securities		32,614		2,313		—			34,927
Other securities		5,000		10		(5	)		5,005
	$	700,850	$	26,384	$	(905	)	$	726,329

	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 September 30, 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	$	5,760	$	5,800
After 1 year through 5 years		1,246		1,343
After 5 years through 10 years		20,825		21,658
After 10 years		223,930		230,820
Other		449,089		466,708
	$	700,850	$	726,329

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 30,2020
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		34,380		428		—		—		34,380		428
Mortgage-backed securities		—		—		—		—		—		—
Collateralized mortgage obligations		106,777		472		—		—		106,777		472
Asset-backed and other amortizing securities		3,495		5		—		—		3,495		5
	$	144,652	$	905	$	—	$	—	$	144,652	$	905
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