Securities (Tables)

9 Months Ended

Sep. 30, 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
September 30, 2020
Obligations of State and Political Subdivisions	$	489,070	$	25,928	$	(986)	$	—	$	514,012
MBS/CMO	508,004		14,957		(63)		—		522,898
Total	$	997,074	$	40,885	$	(1,049)	$	—	$	1,036,910
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 September 30, 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	$	4,737	$	4,806
Due after one year through five years	17,524		18,128
Due after five years through ten years	73,405		78,053
Due after ten years	393,404		413,025
MBS/CMO	508,004		522,898
Total	$	997,074	$	1,036,910

Schedule of Proceeds from the Sales of Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	September 30, 2020		September 30, 2019
Proceeds from Sales	$	11,270	$	53,025
Gross Gains on Sales	607		313
Income Taxes on Gross Gains	127		66

	Nine Months Ended		Nine Months Ended
	September 30, 2020		September 30, 2019
Proceeds from Sales	$	74,693	$	75,299
Gross Gains on Sales	2,190		984
Income Taxes on Gross Gains	464		207

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of September 30, 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
September 30, 2020	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	66,378	$	(986)	$	—	$	—	$	66,378	$	(986)
MBS/CMO	32,902		(63)		4		—		32,906		(63)
Total	$	99,280	$	(1,049)	$	4	$	—	$	99,284	$	(1,049)

	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)