SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

SECURITIES

Schedule of securities with gross unrealized gains and losses

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(in thousands)
March 31, 2020:
Securities available for sale
U.S. government and government-sponsored enterprise obligations	$	13,330	$	256	$	—	$	13,586
U.S. government agency and government-sponsored residential mortgage-backed securities		181,997		4,583		106		186,474
U.S. government-sponsored collateralized mortgage obligations		24,745		870		—		25,615
SBA asset-backed securities		18,554		285		—		18,839
Municipal bonds		5,249		26		—		5,275
Total securities available for sale	$	243,875	$	6,020	$	106	$	249,789
December 31, 2019:
Securities available for sale
U.S. government and government-sponsored enterprise obligations	$	14,994	$	210	$	—	$	15,204
U.S. government agency and government-sponsored residential mortgage-backed securities		163,982		1,456		265		165,173
U.S. government-sponsored collateralized mortgage obligations		26,137		243		7		26,373
SBA asset-backed securities		32,461		286		24		32,723
Total securities available for sale	$	237,574	$	2,195	$	296	$	239,473
Securities held to maturity
U.S. government agency and government-sponsored residential mortgage-backed securities	$	12,682	$	86	$	6	$	12,762
U.S. government-sponsored collateralized mortgage obligations		1,433		69		—		1,502
SBA asset-backed securities		5,308		124		—		5,432
Municipal bonds		6,949		282		—		7,231
Total securities held to maturity	$	26,372	$	561	$	6	$	26,927

Schedule of debt securities by contractual maturity

	Available for Sale
	Amortized		Fair
	Cost		Value
	(in thousands)
After 1 year through 5 years	$	5,500	$	5,578
After 5 years through 10 years		8,330		8,509
Over 10 years		4,749		4,774
		18,579		18,861
U.S. government agency and government-sponsored residential mortgage-backed securities		181,997		186,474
U.S. government-sponsored collateralized mortgage obligations		24,745		25,615
SBA asset-backed securities		18,554		18,839
Total	$	243,875	$	249,789

Schedule of proceeds and gross realized gains and losses related to sales and calls of securities

		Three Months Ended March 31,
		2020		2019
		(in thousands)
Sales
Proceeds	$	70,729	$	—
Gross gains		2,521		—
Gross losses		—		—
Calls
Proceeds	$	1,667	$	2,696
Gross gains		4		—
Gross losses		—		—

Schedule of securities with continuous losses

	Less Than Twelve Months				Twelve Months and Over
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(in thousands)
March 31, 2020:
Securities available for sale
U.S. government agency and government-sponsored residential mortgage-backed securities	$	2	$	1,366	$	104	$	4,633
December 31, 2019:
Securities available for sale
U.S. government agency and government-sponsored residential mortgage-backed securities	$	147	$	47,343	$	118	$	7,986
U.S. government-sponsored collateralized mortgage obligations		1		884		6		795
SBA asset-backed securities		24		3,964		—		—
	$	172	$	52,191	$	124	$	8,781
Securities held to maturity
U.S. government agency and government-sponsored residential mortgage-backed securities	$	—	$	—	$	6	$	2,538