Securities (Tables)


	June 30, 2021
(Dollar amounts in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Government agencies	$	106,775	$	4,610	$	(35)	$	111,350
Mortgage Backed Securities - residential	521,939		6,137		(4,338)		523,738
Mortgage Backed Securities - commercial	15,700		408		—		16,108
Collateralized mortgage obligations	180,788		3,024		(613)		183,199
State and municipal obligations	331,748		19,470		(274)		350,944
Municipal taxable	30,069		437		(142)		30,364
U.S. Treasury	657		—		—		657
Collateralized debt obligations	—		3,265		—		3,265
TOTAL	$	1,187,676	$	37,351	$	(5,402)	$	1,219,625


	December 31, 2020
(Dollar amounts in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Government agencies	$	92,710	$	5,105	$	(1)	$	97,814
Mortgage Backed Securities-residential	346,606		8,794		(279)		355,121
Mortgage Backed Securities-commercial	17,931		559		—		18,490
Collateralized mortgage obligations	209,556		4,761		(157)		214,160
State and municipal obligations	285,837		20,294		—		306,131
Municipal taxable	22,440		702		(3)		23,139
U.S. Treasury	2,750		3		—		2,753
Collateralized debt obligations	—		3,136		—		3,136
TOTAL	$	977,830	$	43,354	$	(440)	$	1,020,744

Contractual maturities of debt securities at June 30, 2021 were as follows.


	Available-for-Sale
	Amortized		Fair
(Dollar amounts in thousands)	Cost		Value
Due in one year or less	$	12,976	$	13,054
Due after one but within five years	46,327		47,795
Due after five but within ten years	64,143		67,453
Due after ten years	345,803		368,278
	469,249		496,580
Mortgage-backed securities and collateralized mortgage obligations	718,427		723,045
TOTAL	$	1,187,676	$	1,219,625

The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at June 30, 2021 and December 31, 2020.


	June 30, 2021
	Less Than 12 Months				More Than 12 Months				Total
			Unrealized				Unrealized				Unrealized
(Dollar amounts in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
U.S. Government agencies	$	14,966	$	(34)	$	172	$	(1)	$	15,138	$	(35)
Mortgage Backed Securities - Residential	301,051		(4,338)		—		—		301,051		(4,338)

Collateralized mortgage obligations	38,343		(610)		3,828		(3)		42,171		(613)
State and municipal obligations	39,138		(274)		—		—		39,138		(274)
Municipal taxable	8,132		(142)		—		—		8,132		(142)
U.S. Treasury	207		—		—		—		207		—

Total temporarily impaired securities	$	401,837	$	(5,398)	$	4,000	$	(4)	$	405,837	$	(5,402)


	December 31, 2020
	Less Than 12 Months				More Than 12 Months				Total
			Unrealized				Unrealized				Unrealized
(Dollar amounts in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
U.S. Government agencies	$	—	$	—	$	944	$	(1)	$	944	$	(1)
Mortgage Backed Securities - Residential	76,962		(279)		—		—		76,962		(279)

Collateralized mortgage obligations	12,282		(108)		3,767		(49)		16,049		(157)
State and municipal obligations	747		(3)		—		—		747		(3)
U.S. Treasury	250		—		—		—		250		—
Total temporarily impaired securities	$	90,241	$	(390)	$	4,711	$	(50)	$	94,952	$	(440)

The table below presents a rollforward of the credit losses recognized in earnings for the three and six month periods ended June 30, 2021 and 2020:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollar amounts in thousands)	2021		2020		2021		2020
Beginning balance	$	2,974	$	2,974	$	2,974	$	2,974



Reductions for securities called during the period	—		—		—		—
Ending balance	$	2,974	$	2,974	$	2,974	$	2,974