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Securities (Tables)
 9 Months Ended
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary Comparison of Securities by Type
A summary comparison of securities by type at September 30, 2020 and December 31, 2019 is shown below. 

 September 30, 2020December 31, 2019
(in thousands)Amortized CostGross
Unrealized Gains		Gross
Unrealized Losses		Fair ValueAmortized CostGross Unrealized GainsGross
Unrealized Losses		Fair Value
Available for sale:        
U.S. Treasuries$43,700 $— $— $43,700 $— $— $— $— 
U.S. Government Agencies— — — — 16,380 15 (2)16,393 
Corporate debt securities186,515 9,458 (723)195,250 94,561 1,110 (302)95,369 
Municipal bonds30,863 1,651 (3)32,511 30,297 1,870 (14)32,153 
Collateralized mortgage obligations5,428 136 (4)5,560 16,400 40 (43)16,397 
Mortgage-backed securities135,338 3,963 (3)139,298 179,546 317 (238)179,625 
Total available for sale securities$401,844 $15,208 $(733)$416,319 $337,184 $3,352 $(599)$339,937 
Held to maturity:        
U.S. Government Agencies$— $— $— $— $18,175 $— $(32)$18,143 
Municipal bonds— — — — 5,107 182 — 5,289 
Mortgage-backed securities— — — — 63,297 200 (112)63,385 
Total held to maturity securities$— $— $— $— $86,579 $382 $(144)$86,817 
Investments Classified by Contractual Maturity Date For this reason they are presented separately in the maturity table below. 
 At September 30, 2020
(in thousands)Amortized CostFair Value
Available for sale:  
Due in one year or less$61,441 $61,631 
Due after one year through five years78,391 82,244 
Due after five years through 10 years106,088 111,699 
Over 10 years15,158 15,887 
Subtotal261,078 271,461 
Collateralized mortgage obligations5,428 5,560 
Mortgage-backed securities135,338 139,298 
Total available for sale securities$401,844 $416,319 
Held to maturity:  
Due in one year or less$— $— 
Due after one year through five years— — 
Due after five years through 10 years— — 
Over 10 years— — 
Subtotal— — 
Mortgage-backed securities— — 
Total held to maturity securities$— $— 
Schedule of Unrealized Loss on Investments
The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at September 30, 2020.

  At September 30, 2020 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries3 $43,700 $— — $— $— 3 $43,700 $— 
U.S. Government Agencies— — — — — — — — — 
Corporate debt securities28 13,741 (514)7 1,693 (209)35 15,434 (723)
Municipal bonds3 198 (3)— — — 3 198 (3)
Collateralized mortgage obligations3 741 (4)— — — 3 741 (4)
Mortgage-backed securities9 185 (3)— — — 9 185 (3)
Total available for sale securities46 $58,565 $(524)7 $1,693 $(209)53 $60,258 $(733)
Held to maturity:         
U.S. Government Agencies— $— $— — $— $— — $— $— 
Municipal bonds— — — — — — — — — 
Mortgage-backed securities— — — — — — — — — 
Total held to maturity securities— $— $— — $— $— — $— $— 

The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2019. 

  At December 31, 2019 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries— $— $— — $— $— — $— $— 
U.S. Government Agencies1 4,398 (1)1 149 (1)2 4,547 (2)
Corporate debt securities42 21,269 (174)12 3,184 (128)54 24,453 (302)
Municipal bonds9 4,285 (14)— — — 9 4,285 (14)
Collateralized mortgage obligations12 10,022 (43)— — — 12 10,022 (43)
Mortgage-backed securities57 91,753 (186)9 12,121 (52)66 103,874 (238)
Total available for sale securities121 $131,727 $(418)22 $15,454 $(181)143 $147,181 $(599)
Held to maturity:         
U.S. Government Agencies2 $2,177 $(2)8 $15,965 $(30)10 $18,142 $(32)
Municipal bonds— — — 1 50 — 1 50 — 
Mortgage-backed securities7 8,880 (58)10 11,343 (54)17 20,223 (112)
Total held to maturity securities9 $11,057 $(60)19 $27,358 $(84)28 $38,415 $(144)
Credit Losses on Debt Securities for which Portion of OTTI Recognized in OCI
The following table presents a roll-forward of the amount of credit losses on debt securities held by First Guaranty for which a portion of OTTI was recognized in other comprehensive income for the nine months ended September 30, 2020 and 2019:

(in thousands)Nine Months Ended
September 30, 2020		Nine Months Ended
September 30, 2019
Beginning balance of credit losses at end of prior year$— $60 
Other-than-temporary impairment credit losses on securities not previously OTTI100 — 
Increases for additional credit losses on securities previously determined to be OTTI— — 
Reduction for increases in cash flows— — 
Reduction due to credit impaired securities sold or fully settled— (60)
Ending balance of cumulative credit losses recognized in earnings at end of period$100 $— 
Schedule of Exposure to Investment Securities Issuers that Exceeded 10% of Shareholders' Equity
At September 30, 2020, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: 

 At September 30, 2020
(in thousands)Amortized CostFair Value
U.S. Government Treasuries (U.S.)$43,700 $43,700 
Federal Home Loan Bank (FHLB)— — 
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)58,043 59,741 
Federal National Mortgage Association (Fannie Mae-FNMA)75,198 77,407 
Federal Farm Credit Bank (FFCB)— — 
Total$176,941 $180,848