SECURITIES (Tables)

9 Months Ended

Sep. 30, 2021

SECURITIES [Abstract]

Amortized Cost and Fair Value of Securities

The amortized cost and fair value of securities are shown below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2021
Available for sale:
U.S. government and agencies	$	—	$	—	$	—		$	—
State and municipal		266,306		9,273		(550	)		275,029
Mortgage-backed securities		326,022		6,342		(3,506	)		328,858
Collateralized mortgage obligations		106,864		—		(425	)		106,439
Asset-backed and other amortizing securities		28,117		1,329		—			29,446
Other securities		12,000		790		—			12,790
	$	739,309	$	17,734	$	(4,481	)	$	752,562

	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 September 30, 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	$	1,615	$	1,640
After 1 year through 5 years		6,864		7,256
After 5 years through 10 years		23,918		25,227
After 10 years		245,909		253,697
Other		461,003		464,742
	$	739,309	$	752,562

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, 2021
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		52,939		550		—		—		52,939		550
Mortgage-backed securities		66,197		1,285		54,630		2,221		120,827		3,506
Collateralized mortgage obligations		106,439		425		—		—		106,439		425
Asset-backed and other amortizing securities		—		—		—		—		—		—
Other securities		—		—		—		—		—		—
	$	225,575	$	2,260	$	54,630	$	2,221	$	280,205	$	4,481
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