Securities (Tables)

6 Months Ended

Jun. 30, 2020

Securities [Abstract]

Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity

Amortized costs and fair values of securities available for sale and held to maturity at June 30, 2020 and December 31, 2019 were as follows (dollars in thousands):

	June 30, 2020
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Securities Available for Sale
U.S. Treasury securities	$	21,750	$	—	$	(1)	$	21,749
U.S. Government agencies		20,700		99		(518)		20,281
State, county and municipal		103,963		5,732		(26)		109,669
Mortgage backed securities		30,391		1,855		(3)		32,243
Asset backed securities		23,467		110		(427)		23,150
Corporate bonds		19,306		475		(6)		19,775
Total Securities Available for Sale	$	219,577	$	8,271	$	(981)	$	226,867
Securities Held to Maturity
State, county and municipal	$	24,169	$	1,113	$	—	$	25,282
Total Securities Held to Maturity	$	24,169	$	1,113	$	—	$	25,282

	December 31, 2019
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Securities Available for Sale
U.S. Government agencies	$	22,104	$	51	$	(219)	$	21,936
State, county and municipal		95,467		3,167		(42)		98,592
Mortgage backed securities		48,045		808		(113)		48,740
Asset backed securities		11,637		49		(82)		11,604
Corporate bonds		6,016		84		(3)		6,097
Total Securities Available for Sale	$	183,269	$	4,159	$	(459)	$	186,969
Securities Held to Maturity
U.S. Government agencies	$	10,000	$	—	$	(12)	$	9,988
State, county and municipal		25,733		913		(1)		26,645
Total Securities Held to Maturity	$	35,733	$	913	$	(13)	$	36,633

Amortized Cost and Fair Value of Securities by Contractual Maturity

	Held to Maturity				Available for Sale
(dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	2,713	$	2,733	$	37,627	$	37,790
Due after one year through five years		15,429		16,216		73,790		75,941
Due after five years through ten years		5,776		6,044		84,317		88,756
Due after ten years		251		289		23,843		24,380
Total securities	$	24,169	$	25,282	$	219,577	$	226,867

Summary of Realized Gains and Losses on Sales of Securities

	Three months ended				Six months ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Gross realized gains	$	267	$	364	$	296	$	417
Gross realized losses		(25)		(126)		(93)		(193)
Net securities gain	$	242	$	238	$	203	$	224

Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale

The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at June 30, 2020 and December 31, 2019 were as follows (dollars in thousands):

	June 30, 2020
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Securities Available for Sale
U.S. Treasury securities	$	21,749	$	(1)	$	—	$	—	$	21,749	$	(1)
U.S. Government agencies		3,210		(103)		7,381		(415)		10,591		(518)
State, county and municipal		1,111		(13)		304		(13)		1,415		(26)
Mortgage backed securities		1,454		(2)		268		(1)		1,722		(3)
Asset backed securities		12,270		(277)		4,059		(150)		16,329		(427)
Corporate bonds		719		(6)		—		—		719		(6)
Total	$	40,513	$	(402)	$	12,012	$	(579)	$	52,525	$	(981)

	December 31, 2019
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Securities Available for Sale
U.S. Government agencies	$	6,396	$	(102)	$	8,020	$	(117)	$	14,416	$	(219)
State, county and municipal		7,088		(32)		308		(10)		7,396		(42)
Mortgage backed securities		11,001		(40)		4,287		(73)		15,288		(113)
Asset backed securities		4,861		(74)		625		(8)		5,486		(82)
Corporate bonds		248		(3)		—		—		248		(3)
Total	$	29,594	$	(251)	$	13,240	$	(208)	$	42,834	$	(459)
Securities Held to Maturity
U.S. Government agencies	$	—	$	—	$	9,988	$	(12)	$	9,988	$	(12)
State, county and municipal		31		—		622		(1)		653		(1)
Total	$	31	$	—	$	10,610	$	(13)	$	10,641	$	(13)