Securities (Tables)

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Securities available for sale at March 31, 2021 and December 31, 2020 are as follows:


	March 31, 2021								December 31, 2020
	Amortized		Unrealized				Fair		Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Gov’t sponsored entities	$	156,342	$	4,897	$	(1,673)	$	159,566	$	150,404	$	6,698	$	(60)	$	157,042
State & political subdivisions	78,024		2,422		(1,251)		79,195		67,819		3,186		(122)		70,883
Residential & multi-family mortgage	327,536		7,670		(4,915)		330,291		306,054		9,276		(138)		315,192
Corporate notes & bonds	18,856		273		(275)		18,854		15,221		105		(400)		14,926
Pooled SBA	23,933		678		(22)		24,589		24,975		912		(1)		25,886
Other	1,020		0		(54)		966		1,020		0		(41)		979
Total	$	605,711	$	15,940	$	(8,190)	$	613,461	$	565,493	$	20,177	$	(762)	$	584,908

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 at March 31, 2021:


	Amortized Cost		Fair Value
1 year or less	$	51,119	$	51,083
1 year – 5 years	103,898		106,263
5 years – 10 years	89,159		91,195
After 10 years	9,046		9,074
	253,222		257,615
Residential & multi-family mortgage	327,536		330,291
Pooled SBA	23,933		24,589
Other	1,020		966
Total debt securities	$	605,711	$	613,461

Securities with Unrealized Loss Position

Securities with unrealized losses at March 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

March 31, 2021


	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	$	56,352	$	(1,673)	$	0	$	0	$	56,352	$	(1,673)
State & political subdivisions	29,540		(1,165)		182		(86)		29,722		(1,251)
Residential & multi-family mortgage	143,879		(4,703)		6,377		(212)		150,256		(4,915)
Corporate notes & bonds	268		(1)		4,726		(274)		4,994		(275)
Pooled SBA	3,356		(22)		0		0		3,356		(22)
Other	0		0		966		(54)		966		(54)
	$	233,395	$	(7,564)	$	12,251	$	(626)	$	245,646	$	(8,190)

December 31, 2020


	Less than 12 Months				12 Months or More				Total
	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)

Trading Securities

Trading securities at March 31, 2021 and December 31, 2020 are as follows:


	March 31, 2021		December 31, 2020
Corporate equity securities	$	4,524	$	4,343
Mutual funds	1,361		1,283
Certificates of deposit	400		404
Corporate notes and bonds	592		569
U.S. Government sponsored entities	0		50
Total	$	6,877	$	6,649