SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	March 31, 2019
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and agency securities	$	97,609	$	43	$	(559	)	$	97,093
States and municipalities		31,060		263		(13	)		31,310
Corporate debt securities		2,000		26		—			2,026
Collateralized mortgage obligations (CMO)		33,101		468		—			33,569
Mortgage-backed securities (MBS)		74,644		26		(1,247	)		73,423
Total	$	238,414	$	826	$	(1,819	)	$	237,421

	December 31, 2018
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and agency securities	$	97,785	$	—	$	(2,204	)	$	95,581
States and municipalities		48,167		107		(528	)		47,746
Corporate debt securities		2,000		4		—			2,004
Collateralized mortgage obligations (CMO)		21,979		143		(14	)		22,108
Mortgage-backed securities (MBS)		76,495		23		(2,314	)		74,204
Total	$	246,426	$	277	$	(5,060	)	$	241,643

Components of Held to Maturity Securities Portfolio

Components of held to maturity securities portfolio are as follows:

	March 31, 2019
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed securities (MBS)	$	62,717	$	—	$	(1,112	)	$	61,605
States and municipalities		13,043		105		(5	)		13,143
Total	$	75,760	$	105	$	(1,117	)	$	74,748

	December 31, 2018
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed securities (MBS)	$	64,442	$	—	$	(2,327	)	$	62,115
States and municipalities		13,049		20		(109	)		12,960
Total	$	77,491	$	20	$	(2,436	)	$	75,075

Available For Sale Securities [Member]

Debt Securities by Contractual Maturity

Debt securities available for sale by contractual maturity, repricing or expected call date are shown below:

	March 31, 2019
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	—	$	—
Due after one year through five years		45,735		45,413
Due after five years through ten years		54,426		54,278
Due after ten years		30,508		30,738
MBS and CMO		107,745		106,992
Total	$	238,414	$	237,421

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized Loss Position

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more at March 31, 2019 are as follows:

	March 31, 2019
	Less than 12 months				12 months or more					Total
	Fair		Unrealized loss		Fair		Unrealized			Fair		Unrealized
	value		Loss		value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and agency securities	$	—	$	—	$	84,344	$	(559	)	$	84,344	$	(559	)
States and municipalities		—		—		4,842		(13	)		4,842		(13	)
Mortgage-backed securities (MBS)		—		—		72,763		(1,247	)		72,763		(1,247	)
Total temporarily impaired securities	$	—	$	—	$	161,949	$	(1,819	)	$	161,949	$	(1,819	)

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more at December 31, 2018 are as follows:

	December 31, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and agency securities	$	—	$	—		$	95,581	$	(2,204	)	$	95,581	$	(2,204	)
States and municipalities		9,475		(39	)		24,850		(489	)		34,325		(528	)
Collateralized mortgage obligations (CMO)		5,475		(14	)		—		—			5,475		(14	)
Mortgage-backed securities (MBS)		—		—			73,542		(2,314	)		73,542		(2,314	)
Total temporarily impaired securities	$	14,950	$	(53	)	$	193,973	$	(5,007	)	$	208,923	$	(5,060	)

Held To Maturity Securities [Member]

Debt Securities by Contractual Maturity

Debt securities held to maturity by contractual maturity, repricing or expected call date are shown below:

	March 31, 2019
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	3,000	$	3,006
Due after one year through five years		635		640
Due after five years through ten years		9,408		9,497
Due after ten years		—		—
MBS		62,717		61,605
Total	$	75,760	$	74,748

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized Loss Position

Securities held to maturity that have been in an unrecognized loss position for less than twelve months or twelve months or more are as follows: 

	March 31, 2019
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed securities (MBS)	$	—	$	—		$	61,605	$	(1,958	)	$	61,605	$	(1,958	)
States and municipalities		—		—			1,122		(5	)		1,122		(5	)
Total temporarily impaired securities	$	—	$	—		$	62,727	$	(1,963	)	$	62,727	$	(1,963	)
	December 31, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed securities (MBS)	$	—	$	—		$	62,115	$	(3,203	)	$	62,115	$	(3,203	)
States and municipalities		4,253		(48	)		3,525		(69	)		7,778		(117	)
Total temporarily impaired securities	$	4,253	$	(48	)	$	65,640	$	(3,272	)	$	69,893	$	(3,320	)