SECURITIES (Tables)

9 Months Ended

Sep. 30, 2020

SECURITIES

Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
September 30, 2020:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		58,012		1,851		(74)		59,789
Other		11,221		3		(117)		11,107
Other mortgage backed securities		35,102		102		(93)		35,111
Obligations of state and political subdivisions		134,558		12,320		—		146,878
Asset backed securities		41,717		79		(420)		41,376
Corporate debt securities		21,842		473		(55)		22,260
Total	$	302,452	$	14,828	$	(759)	$	316,521

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2019:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	2,852	$	3	$	—	$	2,855
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		77,131		539		(387)		77,283
Other		10,381		4		(88)		10,297
Other mortgage backed securities		11,145		3		(10)		11,138
Obligations of state and political subdivisions		114,934		5,490		(48)		120,376
Asset backed securities		37,596		115		(175)		37,536
Corporate debt securities		18,546		182		(285)		18,443
Total	$	272,585	$	6,336	$	(993)	$	277,928

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

	September 30, 2020
	Debt Securities Available-For-Sale
(Dollars in thousands)			U.S. Government		Other		Obligations
			Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury		Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities		Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—	$	—	$	—	$	2,892	$	—	$	2,640
Fair value		—		—		—		2,913		—		2,646
1 - 5 Years:
Amortized cost		—		569		2,657		21,809		1,619		15,702
Fair value		—		579		2,657		22,909		1,612		16,114
5 - 10 Years:
Amortized cost		—		22,816		2,836		17,511		3,119		3,500
Fair value		—		22,726		2,844		18,832		3,181		3,500
After 10 Years:
Amortized cost		—		45,848		29,609		92,346		36,979		—
Fair value		—		47,591		29,610		102,224		36,583		—
Total:
Amortized cost	$	—	$	69,233	$	35,102	$	134,558	$	41,717	$	21,842
Fair value		—		70,896		35,111		146,878		41,376		22,260

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

Schedule of unrealized and realized gains and losses recognized in net income on equity securities

(Dollars in thousands)	Nine months ended		Nine months ended
	September 30, 2020		September 30, 2019
Net (losses) and gains recognized during the period on equity securities	$	(540)	$	81
Less: Net gains and (losses) recognized during the period on equity securities sold during the period		—		—
Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date	$	(540)	$	81

Schedule of gross unrealized losses and fair value of the corporations debt securities

September 30, 2020

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		7,492		(55)		3,105		(19)		10,597		(74)
Other		2,588		(37)		7,187		(80)		9,775		(117)
Other mortgage backed debt securities		19,367		(93)		—		—		19,367		(93)
Obligations of state and political subdivisions		—		—		—		—		—		—
Asset backed securities		24,278		(287)		9,005		(133)		33,283		(420)
Corporate debt securities		1,496		(4)		1,949		(51)		3,445		(55)
Total	$	55,221	$	(476)	$	21,246	$	(283)	$	76,467	$	(759)

December 31, 2019

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		39,085		(221)		12,650		(166)		51,735		(387)
Other		4,382		(24)		4,594		(64)		8,976		(88)
Other mortgage backed debt securities		4,056		(10)		—		—		4,056		(10)
Obligations of state and political subdivisions		1,993		(15)		1,081		(33)		3,074		(48)
Asset backed securities		19,236		(175)		—		—		19,236		(175)
Corporate debt securities		3,484		(16)		7,231		(269)		10,715		(285)
Total	$	72,236	$	(461)	$	25,556	$	(532)	$	97,792	$	(993)