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Securities (Tables)
 12 Months Ended
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
The following table presents the fair values of our securities portfolio at the dates presented:
December 31,
(dollars in thousands)20202019
Debt securities available-for-sale$770,393 $779,133 
Marketable equity securities3,300 5,150 
Total Securities$773,693 $784,283 
Schedule of Composition of Securities
The following tables present the amortized cost and fair value of debt securities available-for-sale as of December 31, 2020 and December 31, 2019:
December 31, 2020December 31, 2019
(dollars in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueAmortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
U.S. Treasury securities$9,980 $302 $— $10,282 $9,969 $71 $— $10,040 
Obligations of U.S. government corporations and agencies78,755 4,149 — 82,904 155,969 1,773 (45)157,697 
Collateralized mortgage obligations of U.S. government corporations and agencies202,975 6,410 (89)209,296 186,879 2,773 (304)189,348 
Residential mortgage-backed securities of U.S. government corporations and agencies66,960 818 — 67,778 22,120 321 (23)22,418 
Commercial mortgage-backed securities of U.S. government corporations and agencies258,875 14,806 — 273,681 273,771 2,680 (581)275,870 
Corporate Obligations2,021 5 (1)2,025 7,603 24 — 7,627 
Obligations of states and political subdivisions117,439 6,988 — 124,427 112,116 4,017 — 116,133 
Total Debt Securities Available-for-Sale$737,005 $33,478 $(90)$770,393 $768,427 $11,659 $(953)$779,133 
Schedule of Gross and Net Realized Gains and Losses on Sale of Securities
The following table shows the composition of gross and net realized gains and losses for the periods presented:
Years ended December 31,
(dollars in thousands)202020192018
Gross realized gains$219 $41 $— 
Gross realized losses(77)(67)— 
Net Realized Gains/(Losses)$142 $(26)$— 
Schedule of Temporally Impaired Debt Securities
The following tables present the fair value and the age of gross unrealized losses on debt securities available-for-sale by investment category as of the dates presented:
December 31, 2020
Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)Number
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses
U.S. Treasury securities— $— $— — $— $— — $— $— 
Obligations of U.S. government corporations and agencies— — — — — — — — — 
Collateralized mortgage obligations of U.S. government corporations and agencies2 35,697 (89)— — — 2 35,697 (89)
Residential mortgage-backed securities of U.S. government corporations and agencies— — — — — — — — — 
Commercial mortgage-backed securities of U.S. government corporations and agencies— — — — — — 
Corporate Obligations1 499 (1)— — — 1 499 (1)
Obligations of states and political subdivisions— — — — — — — — — 
Total 3 $36,196 $(90)— $— $— 3 $36,196 $(90)
December 31, 2019
Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)Number
of
Securities		Fair 
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses
U.S. Treasury securities— $— $— — $— $— — $— $— 
Obligations of U.S. government corporations and agencies3 22,638 (45)— — — 3 22,638 (45)
Collateralized mortgage obligations of U.S. government corporations and agencies6 23,393 (73)6 25,254 (231)12 48,647 (304)
Residential mortgage-backed securities of U.S. government corporations and agencies1 982 (2)1 2,534 (21)2 3,516 (23)
Commercial mortgage-backed securities of U.S. government corporations and agencies9 90,005 (581)— — — 9 90,005 (581)
Corporate Obligations (1)
1 79 — — — — 1 79 — 
Obligations of states and political subdivisions— — — — — — — — — 
Total 20 $137,097 $(701)7 $27,788 $(252)27 $164,885 $(953)
(1) Unrealized loss on Corporate Obligations rounded to less than one thousand dollars.
Unrealized Gain (Loss) on Investments
The following table presents net unrealized gains and losses, net of tax, on debt securities available-for-sale included in accumulated other comprehensive income/(loss), for the periods presented:
December 31, 2020December 31, 2019
(dollars in thousands)Gross Unrealized GainsGross Unrealized LossesNet Unrealized Gains (Losses)Gross Unrealized GainsGross Unrealized LossesNet Unrealized Gains (Losses)
Total unrealized gains/(losses) on debt securities available-for-sale$33,478 $(90)$33,388 $11,659 $(953)$10,706 
Income tax (expense) benefit(7,128)19 (7,109)(2,486)203 (2,283)
Net Unrealized Gains/(Losses), Net of Tax Included in Accumulated Other Comprehensive Income/(Loss)$26,350 $(71)$26,279 $9,173 $(750)$8,423 
Amortized Cost and Fair Value of Available-for-Sale Securities The amortized cost and fair value of debt securities available-for-sale at December 31, 2020 by contractual maturity are included in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
December 31, 2020
(dollars in thousands)Amortized
Cost		Fair Value
Obligations of the U.S. Treasury, U.S. government corporations and agencies, and obligations of states and political subdivisions
Due in one year or less$40,495 $41,006 
Due after one year through five years103,119 109,043 
Due after five years through ten years41,370 43,765 
Due after ten years21,190 23,799 
Debt Securities Available-for-Sale With Maturities206,174 217,613 
Collateralized mortgage obligations of U.S. government corporations and agencies202,975 209,296 
Residential mortgage-backed securities of U.S. government corporations and agencies66,960 67,778 
Commercial mortgage-backed securities of U.S. government corporations and agencies258,875 273,681 
Corporate Obligations2,021 2,025 
Total Debt Securities Available-for-Sale$737,005 $770,393 
Schedule of Unrealized Gains and Losses on Marketable Equity Securities
The following table presents realized and unrealized net gains and losses for our marketable equity securities for the periods presented:
Years ended December 31,
(dollars in thousands)202020192018
Marketable Equity Securities
Net market (losses)/gains recognized$(500)$334 $(328)
Less: Net gains recognized for equity securities sold142 — — 
Unrealized (Losses)/Gains on Equity Securities Still Held$(642)$334 $(328)