Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Securities available-for-sale at December 31, 2020 and December 31, 2019 are as follows:


	December 31, 2020						December 31, 2019
	Amortized		Gross Unrealized				Fair		Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Gov’t sponsored entities	$	150,404	$	6,698	$	(60)	$	157,042	$	124,189	$	2,924	$	(19)	$	127,094
State & political subdivisions	67,819		3,186		(122)		70,883		101,177		3,288		(102)		104,363
Residential & multi-family mortgage	306,054		9,276		(138)		315,192		273,404		4,117		(885)		276,636
Corporate notes & bonds	15,221		105		(400)		14,926		8,350		14		(282)		8,082

Pooled SBA	24,975		912		(1)		25,886		25,063		274		(163)		25,174
Other	1,020		0		(41)		979		1,020		0		(56)		964
Total	$	565,493	$	20,177	$	(762)	$	584,908	$	533,203	$	10,617	$	(1,507)	$	542,313

Information pertaining to security sales is as follows:


Year ended December 31	Proceeds		Gross Gains		Gross Losses
2020	$	57,185	$	2,257	$	67
2019	11,403		152		4
2018	0		0		0

Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities

The following is a schedule of the contractual maturity of securities available for sale, excluding other securities, at December 31, 2020:


	December 31, 2020
	Amortized Cost		Fair Value
1 year or less	$	53,144	$	53,448
1 year – 5 years	109,071		112,643
5 years – 10 years	61,604		66,743
After 10 years	10,645		10,996
	234,464		243,830
Residential and multi-family mortgage	306,054		315,192
Pooled SBA	24,975		25,886

Total debt securities	$	565,493	$	584,908

Securities with Unrealized Loss Position

Securities with unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:


December 31, 2020	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	24,991	$	(60)	0		0		$	24,991	$	(60)
State & political subdivisions	3,854		(19)		164		(103)		4,018		(122)
Residential & multi-family mortgage	44,092		(119)		3,277		(19)		47,369		(138)
Corporate notes & bonds	0		0		4,545		(400)		4,545		(400)
Pooled SBA	525		(1)		0		0		525		(1)
Other	0		0		979		(41)		979		(41)
	$	73,462	$	(199)	$	8,965	$	(563)	$	82,427	$	(762)


December 31, 2019	Less than 12 Months		12 Months or More		Total
Description of Securities	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
U.S. Gov’t sponsored entities	7,040	(3)	14,989	(16)	22,029	(19)
State & political subdivisions	826	(5)	684	(97)	1,510	(102)
Residential and multi-family mortgage	41,841	(346)	32,555	(539)	74,396	(885)
Corporate notes & bonds	0	0	4,718	(282)	4,718	(282)
Pooled SBA	8,560	(80)	6,075	(83)	14,635	(163)
Other	0	0	964	(56)	964	(56)
	58,267	(434)	59,985	(1,073)	118,252	(1,507)

Trading Securities

Trading securities at December 31, 2020 and December 31, 2019 are as follows:


	December 31, 2020		December 31, 2019
Corporate equity securities	$	4,343	$	7,946
Mutual funds	1,283		807
Money market	404		350
Corporate notes and bonds	569		655
U.S. Government sponsored entities	50		51
Total	$	6,649	$	9,809