SECURITIES (Tables)

6 Months Ended

Jun. 30, 2020

SECURITIES

Schedule of securities with gross unrealized gains and losses

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(in thousands)
June 30, 2020:
Securities available for sale
U.S. government and government-sponsored enterprise obligations	$	10,004	$	205	$	—	$	10,209
U.S. government agency and government-sponsored residential mortgage-backed securities		204,155		3,894		106		207,943
U.S. government-sponsored collateralized mortgage obligations		22,934		571		—		23,505
SBA asset-backed securities		18,181		865		—		19,046
Municipal bonds		2,002		5		—		2,007
Total securities available for sale	$	257,276	$	5,540	$	106	$	262,710
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	$	5,000	$	5,049
After 5 years through 10 years		5,004		5,160
Over 10 years		2,002		2,007
		12,006		12,216
U.S. government agency and government-sponsored residential mortgage-backed securities		204,155		207,943
U.S. government-sponsored collateralized mortgage obligations		22,934		23,505
SBA asset-backed securities		18,181		19,046
Total	$	257,276	$	262,710

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

		Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
		(in thousands)
Sales
Proceeds	$	1,604	$	28,391	$	72,333	$	28,391
Gross gains		—		1,267		2,521		1,267
Gross losses		—		—		—		—
Calls
Proceeds	$	4,968	$	5,740	$	6,635	$	8,370
Gross gains		8		—		12		—
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)
June 30, 2020:
Securities available for sale
U.S. government agency and government-sponsored residential mortgage-backed securities	$	89	$	27,881	$	17	$	4,224
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