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SECURITIES AVAILABLE FOR SALE (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Securities, Available-for-sale [Abstract]  
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]
Amortized cost and fair value of securities available for sale are summarized as follows.
 
December 31, 2018
(in thousands)
Amortized
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
U.S. government agency securities
$
22,467

 
$
—

 
$
818

 
$
21,649

State, county and municipals
163,702

 
76

 
3,252

 
160,526

Mortgage-backed securities
134,350

 
328

 
3,034

 
131,644

Corporate debt securities
87,352

 
66

 
1,093

 
86,325

 
$
407,871

 
$
470

 
$
8,197

 
$
400,144

 
December 31, 2017
(in thousands)
Amortized
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
U.S. government agency securities
$
26,586

 
$
—

 
$
377

 
$
26,209

State, county and municipals
186,128

 
180

 
2,264

 
184,044

Mortgage-backed securities
157,705

 
160

 
2,333

 
155,532

Corporate debt securities
36,387

 
449

 
39

 
36,797

Equity securities *
1,287

 
1,284

 
—

 
2,571

 
$
408,093

 
$
2,073

 
$
5,013

 
$
405,153


* Effective January 1, 2018, the Company adopted ASU 2016-01, which requires equity securities with readily determinable fair values to be measured at fair value with changes in the fair value recognized through net income. These equity securities are no longer reflected in securities AFS and are now reflected within other investments. As a result of this accounting change, the Company recognized a cumulative-effect adjustment at adoption from accumulated other comprehensive income to retained earnings of approximately $0.9 million in the consolidated statements of changes in stockholders' equity for the net of tax impact of the unrealized gain on equity securities as of the date of adoption and recognized a gain of approximately $77,000 for the year ended December 31, 2018, in the consolidated statements of income for the change in fair value of equity securities since adoption. In addition, the approximately $2.7 million current fair value of equity securities is now reflected within other investments on the consolidated balance sheets rather than as securities AFS. Prior periods have not been restated for the impact of this accounting change. See Note 1 for additional information on this new accounting standard.
Schedule of amortized costs and fair values of securities AFS
Amortized cost and fair value of securities available for sale are summarized as follows.
 
December 31, 2018
(in thousands)
Amortized
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
U.S. government agency securities
$
22,467

 
$
—

 
$
818

 
$
21,649

State, county and municipals
163,702

 
76

 
3,252

 
160,526

Mortgage-backed securities
134,350

 
328

 
3,034

 
131,644

Corporate debt securities
87,352

 
66

 
1,093

 
86,325

 
$
407,871

 
$
470

 
$
8,197

 
$
400,144

 
December 31, 2017
(in thousands)
Amortized
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
U.S. government agency securities
$
26,586

 
$
—

 
$
377

 
$
26,209

State, county and municipals
186,128

 
180

 
2,264

 
184,044

Mortgage-backed securities
157,705

 
160

 
2,333

 
155,532

Corporate debt securities
36,387

 
449

 
39

 
36,797

Equity securities *
1,287

 
1,284

 
—

 
2,571

 
$
408,093

 
$
2,073

 
$
5,013

 
$
405,153


* Effective January 1, 2018, the Company adopted ASU 2016-01, which requires equity securities with readily determinable fair values to be measured at fair value with changes in the fair value recognized through net income. These equity securities are no longer reflected in securities AFS and are now reflected within other investments. As a result of this accounting change, the Company recognized a cumulative-effect adjustment at adoption from accumulated other comprehensive income to retained earnings of approximately $0.9 million in the consolidated statements of changes in stockholders' equity for the net of tax impact of the unrealized gain on equity securities as of the date of adoption and recognized a gain of approximately $77,000 for the year ended December 31, 2018, in the consolidated statements of income for the change in fair value of equity securities since adoption. In addition, the approximately $2.7 million current fair value of equity securities is now reflected within other investments on the consolidated balance sheets rather than as securities AFS. Prior periods have not been restated for the impact of this accounting change. See Note 1 for additional information on this new accounting standard.
Schedule of amortized cost and fair value classified by contractual maturities
The amortized cost and fair value of securities AFS by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties; as this is particularly inherent in mortgage-backed securities, these securities are not included in the maturity categories below. See Note 18 for additional information on the Company’s fair value measurements.
 
December 31, 2018
(in thousands)
Amortized Cost
 
Fair Value
Due in less than one year
$
17,643

 
$
17,624

Due in one year through five years
168,090

 
164,969

Due after five years through ten years
80,819

 
78,904

Due after ten years
6,969

 
7,003

 
273,521

 
268,500

Mortgage-backed securities
134,350

 
131,644

   Securities AFS
$
407,871

 
$
400,144
Schedule of Proceeds from sales of securities AFS
Proceeds from sales of securities AFS is summarized as follows.
 
Years Ended December 31,
(in thousands)
2018
 
2017
 
2016
Gross gains
$
—

 
$
1,227

 
$
91

Gross losses
(212
)
 
(7
)
 
(13
)
   Gains (losses) on sales of securities AFS, net
$
(212
)
 
$
1,220

 
$
78

Proceeds from sales of securities AFS
$
5,280

 
$
10,798

 
$
31,442
Gain (Loss) on Securities
The following table presents gross unrealized losses and the related estimated fair value of investment securities available for sale, aggregated by investment category and the length of time the individual securities have been in a continuous unrealized loss position.
 
December 31, 2018
 
Less than 12 months
 
12 months or more
 
Total
(in thousands)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Number of Securities
U.S. government agency securities
$
—

 
$
—

 
$
21,649

 
$
818

 
$
21,649

 
$
818

 
3

State, county and municipals
16,136

 
98

 
130,975

 
3,154

 
147,111

 
3,252

 
440

Mortgage-backed securities
20,568

 
132

 
89,189

 
2,902

 
109,757

 
3,034

 
204

Corporate debt securities
51,592

 
677

 
9,757

 
416

 
61,349

 
1,093

 
33

 
$
88,296

 
$
907

 
$
251,570

 
$
7,290

 
$
339,866

 
$
8,197

 
680

 
December 31, 2017
 
Less than 12 months
 
12 months or more
 
Total
(in thousands)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Number of Securities
U.S. government agency securities
$
26,209

 
$
377

 
$
—

 
$
—

 
$
26,209

 
$
377

 
2

State, county and municipals
110,157

 
1,097

 
49,326

 
1,167

 
159,483

 
2,264

 
465

Mortgage-backed securities
72,210

 
735

 
65,537

 
1,598

 
137,747

 
2,333

 
215

Corporate debt securities
10,172

 
39

 
—

 
—

 
10,172

 
39

 
5

 
$
218,748

 
$
2,248

 
$
114,863

 
$
2,765

 
$
333,611

 
$
5,013

 
687