Investment Securities (Tables)

6 Months Ended

Jun. 30, 2020

Amortized cost and fair values of investment securities available-for-sale at June 30, 2020 are summarized as follows:


(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U. S. Agency securities	$	41,417	$	833	$	(270)	$	41,980
U.S. Sponsored Mortgage-backed securities	33,753		573		(52)		34,274
Municipal securities	126,203		4,110		(108)		130,205
Total debt securities	201,373		5,516		(430)		206,459
Other securities	14,161		182		(103)		14,240
Total investment securities available-for-sale	$	215,534	5,698		$	(533)	$	220,699

Amortized cost and fair values of investment securities available-for-sale at December 31, 2019 are summarized as follows:


(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U. S. Agency securities	$	52,046	$	199	$	(249)	$	51,996
U.S. Sponsored Mortgage-backed securities	58,748		188		(624)		58,312
Municipal securities	108,750		4,399		(57)		113,092
Total debt securities	219,544		4,786		(930)		223,400
Other securities	12,247		181		(7)		12,421
Total investment securities available-for-sale	$	231,791	$	4,967	$	(937)	$	235,821

The following table summarizes amortized cost and fair values of available-for-sale debt securities by contractual maturity:


	June 30, 2020

(Dollars in thousands)	Amortized Cost		Fair Value
Within one year	$	90	$	90
After one year, but within five	8,527		8,907
After five years, but within ten	22,148		22,946
After ten years	170,608		174,516
Total	$	201,373	$	206,459

The following table discloses investments in an unrealized loss position at June 30, 2020:


(Dollars in thousands)	Less than 12 months						12 months or more
Description and number of positions	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Agency securities (22)	$	4,652	$	(74)	$	13,452	$	(196)
U.S. Sponsored Mortgage-backed securities (9)	2,625		(18)		3,174		(34)
Municipal securities (9)	6,134		(108)		—		—
Other securities (5)	4,416		(103)		—		—
	$	17,827	$	(303)	$	16,626	$	(230)

The following table discloses investments in an unrealized loss position at December 31, 2019:


(Dollars in thousands)	Less than 12 months						12 months or more
Description and number of positions	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Agency securities (26)	$	8,160	$	(59)	$	15,399	$	(190)
U.S. Sponsored Mortgage-backed securities (40)	16,660		(170)		27,498		(454)
Municipal securities (13)	6,018		(40)		828		(17)
Other securities (2)	1,093		(7)		—		—
	$	31,931	$	(276)	$	43,725	$	(661)