Securities (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses		Fair Value
March 31, 2020
Obligations of State and Political Subdivisions	$	309,059	$	17,830	$	(25	)	$	—	$	326,864
MBS/CMO	529,864		19,059		—			—		548,923
Total	$	838,923	$	36,889	$	(25	)	$	—	$	875,787
December 31, 2019
Obligations of State and Political Subdivisions	$	307,943	$	16,366	$	(9	)	$	—	$	324,300
MBS/CMO	526,907		5,414		(1,796		)	—		530,525
Total	$	834,850	$	21,780	$	(1,805	)	$	—	$	854,825

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of Securities at March 31, 2020 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed Securities are not due at a single maturity date and are shown separately.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	3,374	$	3,378
Due after one year through five years	19,203		19,593
Due after five years through ten years	64,814		68,114
Due after ten years	221,668		235,779
MBS/CMO	529,864		548,923
Total	$	838,923	$	875,787

 

Schedule of Proceeds from the Sales of Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	March 31, 2020		March 31, 2019
Proceeds from Sales	$	10,989	$	11,815
Gross Gains on Sales	590		155
Income Taxes on Gross Gains	127		33

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of March 31, 2020 and December 31, 2019, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months					12 Months or More				Total
March 31, 2020	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	2,697	$	(25	)	$	—	$	—	$	2,697	$	(25	)
MBS/CMO	—		—			—		—		—		—
Total	$	2,697	$	(25	)	$	—	$	—	$	2,697	$	(25	)

	Less than 12 Months					12 Months or More					Total
December 31, 2019	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	4,631	$	(9	)	$	—	$	—		$	4,631	$	(9	)
MBS/CMO	89,267		(241		)	155,989		(1,555		)	245,256		(1,796		)
Total	$	93,898	$	(250	)	$	155,989	$	(1,555	)	$	249,887	$	(1,805	)