Investment Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investment Securities [Abstract]

Amortized Cost and Fair Value of Securities Available For Sale

The amortized cost and fair value of the securities available for sale are as follows:

	March 31, 2021
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. government sponsored enterprises	$	74,970		-		505		74,465
State and political subdivisions		48		-		-		48
Mortgage backed securities and collateralized mortgage obligations - residential		344,892		5,953		2,528		348,317
Corporate bonds		64,562		661		384		64,839
Small Business Administration - guaranteed participation securities		38,737		495		-		39,232
Other		685		1		-		686
Total Securities Available for Sale	$	523,894		7,110		3,417		527,587

	December 31, 2020
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. government sponsored enterprises	$	20,000		-		32		19,968
State and political subdivisions		103		-		-		103
Mortgage backed securities and collateralized mortgage obligations - residential		308,432		7,749		23		316,158
Corporate bonds		59,185		916		162		59,939
Small Business Administration - guaranteed participation securities		40,955		1,262		-		42,217
Other		685		1		-		686
Total securities available for sale	$	429,360		9,928		217		439,071

Securities, Available-for-sale and Held-to-maturity [Abstract]

Amortized Cost and Fair Value of Held to Maturity Securities

The amortized cost and fair value of the held to maturity securities are as follows:

	March 31, 2021
(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	12,729		1,162		-		13,891
Total held to maturity	$	12,729		1,162		-		13,891

	December 31, 2020
(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	13,824		1,164		-		14,988
Total held to maturity	$	13,824		1,164		-		14,988

Proceeds from Sales and Calls of Securities Available For Sale, Gross Realized Gains and Gross Realized Losses

The proceeds from sales and calls and maturities of securities available for sale, gross realized gains and gross realized losses from sales and calls during the three months ended March 31, 2021 and 2020 are as follows:

	Three months ended March 31,
(dollars in thousands)	2021		2020
Proceeds from sales	$	-	$	29,219
Proceeds from calls/paydowns		36,820		69,144
Proceeds from maturities		55		5,000
Gross realized gains		-		1,155
Gross realized losses		-		-

Securities Available for Sale [Member]

Securities, Available-for-sale and Held-to-maturity [Abstract]

Debt Securities Based on Securities Contractual Maturity

The following table distributes the debt securities included in the available for sale portfolio as of March 31, 2021, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty.  Securities not due at a single maturity date are presented separately.

(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	14,219		14,390
Due in one year through five years		121,037		120,669
Due after five years through ten years		5,009		4,979
Mortgage backed securities and collateralized mortgage obligations - residential		344,892		348,317
Small Business Administration - guaranteed participation securities		38,737		39,232
	$	523,894		527,587

Gross Unrealized Losses on Investment Securities and Related Fair Values in Unrealized Loss Position

Gross unrealized losses on securities available for sale and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position, were as follows:

	March 31, 2021
	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
U.S. government sponsored enterprises	$	74,465		505		-		-		74,465		505
Mortgage backed securities and collateralized mortgage obligations - residential		125,788		2,528		-		-		125,788		2,528
Corporate bonds		20,112		321		4,937		63		25,049		384
Total	$	220,365		3,354		4,937		63		225,302		3,417

	December 31, 2020
	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
U.S. government sponsored enterprises	$	19,968		32		-		-		19,968		32
Mortgage backed securities and collateralized mortgage obligations - residential		19,471		23		-		-		19,471		23
Corporate bonds		14,901		99		4,937		63		19,838		162
Total	$	54,340		154		4,937		63		59,277		217

Held to Maturity Securities [Member]

Securities, Available-for-sale and Held-to-maturity [Abstract]

Debt Securities Based on Securities Contractual Maturity

The following table distributes the debt securities included in the held to maturity portfolio as of March 31, 2021, based on the securities’ final maturity.  Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty.

(dollars in thousands)	Amortized Cost		Fair Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	12,729		13,891
	$	12,729		13,891