SECURITIES (Tables)

3 Months Ended

Mar. 31, 2021

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
March 31, 2021
Available for sale:
U.S. government and agencies	$	—	$	—	$	—		$	—
State and municipal		263,102		6,506		(821	)		268,787
Mortgage-backed securities		355,867		6,172		(4,388	)		357,651
Collateralized mortgage obligations		107,077		—		(449	)		106,628
Asset-backed and other amortizing securities		30,566		1,347		—			31,913
Other securities		12,000		321		(92	)		12,229
	$	768,612	$	14,346	$	(5,750	)	$	777,208

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2020
Available for sale:
U.S. government and agencies	$	4,750	$	3	$	—		$	4,753
State and municipal		261,023		11,704		(120	)		272,607
Mortgage-backed securities		359,542		14,014		(194	)		373,362
Collateralized mortgage obligations		107,175		—		(460	)		106,715
Asset-backed and other amortizing securities		31,509		2,063		—			33,572
Other securities		12,000		91		(13	)		12,078
	$	775,999	$	27,875	$	(787	)	$	803,087

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2021 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	$	377	$	381
After 1 year through 5 years		4,595		4,864
After 5 years through 10 years		26,284		27,032
After 10 years		243,845		248,738
Other		493,511		496,193
	$	768,612	$	777,208

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, 2021
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		64,700		821		—		—		64,700		821
Mortgage-backed securities		120,069		4,388		—		—		120,069		4,388
Collateralized mortgage obligations		106,629		449		—		—		106,629		449
Asset-backed and other amortizing securities		—		—		—		—		—		—
Other securities		6,408		92		—		—		6,408		92
	$	297,806	$	5,750	$	—	$	—	$	297,806	$	5,750
December 31, 2020
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		—		120		—		—		—		120
Mortgage-backed securities		93,482		194		—		—		93,482		194
Collateralized mortgage obligations		106,715		460		—		—		106,715		460
Asset-backed and other amortizing securities		—		—		—		—		—		—
Other securities		3,486		13		—		—		3,486		13
	$	203,683	$	787	$	—	$	—	$	203,683	$	787