Securities (Tables)

9 Months Ended

Sep. 30, 2021

Securities [Abstract]

Debt Securities Available for Sale

The amortized cost and fair value of debt securities available for sale as of September 30, 2021 and December 31, 2020, by contractual maturity, are shown in the tables below. Expected maturities may differ from contractual maturities because the securities may be called or prepaid with or without prepayment penalties.

(Dollars in thousands)	September 30, 2021
					Gross		Gross
	Amortized		Fair		Unrealized		Unrealized
Debt Securities Available for Sale	Cost		Value		Gains		Losses
Type and Maturity
Obligations of U.S. Government sponsored enterprises
After five years but within ten years	$	41,866	$	40,972	$	—	$	(894)
		41,866		40,972		—		(894)
Obligations of state and political subdivisions
Within one year		30		30		—		—
After one year but within five years		4,539		4,686		147		—
After five years but within ten years		1,240		1,224		—		(16)
After ten years		4,119		4,032		—		(87)
		9,928		9,972		147		(103)
Corporate debt securities
After one year but within five years		2,000		1,994		—		(6)
After five years but within ten years		27,434		28,249		912		(97)
After ten years		5,000		5,006		6		—
		34,434		35,249		918		(103)
Mortgage-backed securities		274,359		272,116		1,490		(3,733)
Total	$	360,587	$	358,309	$	2,555	$	(4,833)

(Dollars in thousands)	December 31, 2020
					Gross		Gross
	Amortized		Fair		Unrealized		Unrealized
Debt Securities Available for Sale	Cost		Value		Gains		Losses
Type and Maturity
Obligations of U.S. Government sponsored enterprises
After five years but within ten years	$	22,994	$	22,949	$	7	$	(52)
		22,994		22,949		7		(52)
Obligations of state and political subdivisions
Within one year		31		31		—		—
After one year but within five years		4,708		4,767		59		—
After five years but within ten years		3,289		3,484		195		—
		8,028		8,282		254		—
Corporate debt securities
Within one year		1,033		1,039		6		—
After five years but within ten years		10,058		10,484		485		(59)
		11,091		11,523		491		(59)
Mortgage-backed securities		239,793		243,661		3,999		(131)
Total	$	281,906	$	286,415	$	4,751	$	(242)

Summary of Proceeds Received from Sales or Calls of Available for Sale Securities

The following table summarizes proceeds received from sales or calls of available for sale investment securities transactions and the resulting realized gains and losses during the nine months ended September 30, 2021 and 2020.

(Dollars in thousands)	Nine Months Ended
	September 30,
	2021		2020
Gross proceeds from sales and calls of securities	$	32,975	$	48,565
Securities available for sale:
Gross realized gains from sold and called securities	$	130	$	875
Gross realized losses from sold and called securities		(72)		(30)
Net gains from sales and calls of securities	$	58	$	845

Schedule of Gross Unrealized Losses and Fair Value

The following tables show gross unrealized losses and fair values of debt securities available for sale, aggregated by category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2021 and December 31, 2020:

	Unrealized Losses at September 30, 2021
	Less Than 12 Months					12 Months or More					Total
(Dollars in thousands)	Number					Number					Number
	of	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Obligations of U.S. Government sponsored enterprises	8	$	40,972	$	(894)	—	$	—	$	—	8	$	40,972	$	(894)
Obligations of state and political subdivisions	6		5,256		(103)	—		—		—	6		5,256		(103)
Corporate debt securities	5		9,281		(103)	—		—		—	5		9,281		(103)
Mortgage-backed securities	38		204,783		(3,733)	—		—		—	38		204,783		(3,733)
Total temporarily impaired securities	57	$	260,292	$	(4,833)	—	$	—	$	—	57	$	260,292	$	(4,833)

	Unrealized Losses at December 31, 2020
	Less Than 12 Months					12 Months or More					Total
(Dollars in thousands)	Number					Number					Number
	of	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Obligations of U.S. Government sponsored enterprises	3	$	18,948	$	(52)	—	$	—	$	—	3	$	18,948	$	(52)
Corporate debt securities	1		2,972		(59)	—		—		—	1		2,972		(59)
Mortgage-backed securities	7		43,583		(131)	—		—		—	7		43,583		(131)
Total temporarily impaired securities	11	$	65,503	$	(242)	—	$	—	$	—	11	$	65,503	$	(242)