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Investments (Tables)
 6 Months Ended
Jun. 30, 2020
Investments [Abstract]  
Unrealized Gain (Loss) on Investments

(in thousands)

Amortized
‎Cost

Gross
‎Unrealized
‎Gains

Gross
‎Unrealized
‎Losses

Fair
‎Value

OTTI
‎in AOCL

June 30, 2020

Available for Sale:

U.S. government agencies

$

46,020

$

925

$

—

$

46,945

$

—

Residential mortgage-backed agencies

18,472

304

—

18,776

—

Commercial mortgage-backed agencies

27,949

1,194

—

29,143

—

Collateralized mortgage obligations

25,235

583

—

25,818

—

Obligations of states and political subdivisions

13,059

497

—

13,556

—

Collateralized debt obligations

18,515

—

6,563

11,952

(4,892)

Total available for sale

$

149,250

$

3,503

$

6,563

$

146,190

$

(4,892)

Held to Maturity:

Residential mortgage-backed agencies

$

38,742

$

1,319

$

—

$

40,061

$

—

Commercial mortgage-backed agencies

11,829

674

—

12,503

—

Collateralized mortgage obligations

2,645

176

—

2,821

—

Obligations of states and political subdivisions

20,759

4,558

—

25,317

—

Total held to maturity

$

73,975

$

6,727

$

—

$

80,702

$

—

December 31, 2019

Available for Sale:

U.S. government agencies

$

39,987

$

—

$

93

$

39,894

$

—

Residential mortgage-backed agencies

4,917

—

17

4,900

—

Commercial mortgage-backed agencies

27,634

222

92

27,764

—

Collateralized mortgage obligations

29,903

129

109

29,923

—

Obligations of states and political subdivisions

14,124

346

—

14,470

—

Collateralized debt obligations

18,443

—

4,089

14,354

(2,835)

Total available for sale

$

135,008

$

697

$

4,400

$

131,305

$

(2,835)

Held to Maturity:

U.S. government agencies

$

16,164

$

659

$

—

$

16,823

$

—

Residential mortgage-backed agencies

42,939

469

155

43,253

—

Commercial mortgage-backed agencies

15,521

344

—

15,865

—

Collateralized mortgage obligations

3,140

3

—

3,143

—

Obligations of states and political subdivisions

16,215

5,357

—

21,572

—

Total held to maturity

$

93,979

$

6,832

$

155

$

100,656

$

—
Proceeds from Sales and Realized Gains and Losses

Six Months Ended

Three Months Ended

June 30,

June 30,

(in thousands)

2020

2019

2020

2019

Proceeds

$

1,080

$

5,378

$

1,080

$

5,378

Realized gains

47

73

47

73

Realized losses

—

73

—

67
Gross Unrealized Losses and Fair Values of Securities

Less than 12 months

12 months or more

(in thousands)

Fair
‎Value

Unrealized
‎Losses

Number of
‎Investments

Fair
‎Value

Unrealized
‎Losses

Number of
‎Investments

June 30, 2020

Available for Sale:

Collateralized debt obligations

$

—

$

—

—

$

11,952

$

6,563

9

Total available for sale

$

—

$

—

—

$

11,952

$

6,563

9

December 31, 2019

Available for Sale:

U.S. government agencies

$

24,907

$

80

3

$

14,987

$

13

3

Residential mortgage-backed agencies

4,900

17

1

—

—

—

Commercial mortgage-backed agencies

4,623

37

2

5,793

55

3

Collateralized mortgage obligations

—

—

—

35,472

109

1

Collateralized debt obligations

—

—

—

14,354

4,089

9

Total available for sale

$

34,430

$

134

6

$

70,606

$

4,266

16

Held to Maturity:

Residential mortgage-backed agencies

$

2,722

$

6

3

$

9,486

$

149

12

Total held to maturity

$

2,722

$

6

3

$

9,486

$

149

12
Non-Cash OTTI Credit Losses Recognized in Earnings

Six Months Ended

June 30,

(in thousands)

2020

2019

Balance of credit-related OTTI at January 1

$

2,446

$

2,646

Reduction for increases in cash flows expected to be collected

(101)

(99)

Balance of credit-related OTTI at June 30

$

2,345

$

2,547

Three Months Ended

June 30,

(in thousands)

2020

2019

Balance of credit-related OTTI at April 1

$

2,396

$

2,597

Reduction for increases in cash flows expected to be collected

(51)

(50)

Balance of credit-related OTTI at June 30

$

2,345

$

2,547
Amortized Cost and Fair Values Classified by Contractual Maturity Date

June 30, 2020

(in thousands)

Amortized
‎Cost

Fair
‎Value

Contractual Maturity

Available for Sale:

Due after one year through five years

$

4,441

$

4,544

Due after five years through ten years

34,830

35,747

Due after ten years

38,323

32,162

77,594

72,453

Residential mortgage-backed agencies

18,472

18,776

Commercial mortgage-backed agencies

27,949

29,143

Collateralized mortgage obligations

25,235

25,818

Total available for sale

$

149,250

$

146,190

Held to Maturity:

Due after ten years

$

20,759

$

25,317

Residential mortgage-backed agencies

38,742

40,061

Commercial mortgage-backed agencies

11,829

12,503

Collateralized mortgage obligations

2,645

2,821

Total held to maturity

$

73,975

$

80,702