SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

SECURITIES [Abstract]

Amortized Cost and Fair Value of Investment Securities, by Category

Amortized cost and fair value of investment securities, by category, at June 30, 2021 are summarized as follows:

2021	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Available for sale
Mortgage-backed securities
U. S. sponsored agency MBS - residential	$	216,286	$	6,752	$	(544	)	$	222,494
U. S. sponsored agency CMO’s - residential		17,694		510		-			18,204
Total mortgage-backed securities of government sponsored agencies		233,980		7,262		(544	)		240,698
U. S. government sponsored agency securities		273,329		331		(1,409	)		272,251
Obligations of states and political subdivisions		54,054		966		(202	)		54,818
Other securities		4,988		67		(37	)		5,018
Total available for sale	$	566,351	$	8,626	$	(2,192	)	$	572,785

Amortized cost and fair value of investment securities, by category, at December 31, 2020 are summarized as follows:

2020	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Available for sale
Mortgage-backed securities
U. S. sponsored agency MBS - residential	$	318,315	$	9,777	$	(292	)	$	327,800
U. S. sponsored agency CMO’s - residential		29,264		812		-			30,076
Total mortgage-backed securities of government sponsored agencies		347,579		10,589		(292	)		357,876
U. S. government sponsored agency securities		2,490		136		-			2,626
Obligations of states and political subdivisions		53,639		1,361		-			55,000
Other securities		5,559		129		-			5,688
Total available for sale	$	409,267	$	12,215	$	(292	)	$	421,190

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at June 30, 2021 by contractual maturity are shown below.  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Available for sale
Due in one year or less	$	16,503	$	16,599
Due after one year through five years		22,785		23,106
Due after five years through ten years		279,970		279,110
Due after ten years		13,113		13,272
Mortgage-backed securities of government sponsored agencies		233,980		240,698
Total available for sale	$	566,351	$	572,785

Securities with Unrealized Losses in Continuous Unrealized Loss Position

Securities with unrealized losses at June 30, 2021 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:

	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 government sponsored agency securities	$	129,585	$	(1,409	)	$	-	$	-		$	129,585	$	(1,409	)
U.S government sponsored agency MBS – residential		40,751		(400	)		16,525		(144	)		57,276		(544	)
Obligations of states and political subdivisions		11,717		(202	)		-		-			11,717		(202	)
Other securities		3,963		(37	)		-		-			3,963		(37	)
Total temporarily impaired	$	186,016	$	(2,048	)	$	16,525	$	(144	)	$	202,541	$	(2,192	)

Securities with unrealized losses at 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:

	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 government sponsored agency MBS – residential	$	58,207	$	(292	)	$	-	$	-	$	58,207	$	(292	)
Total temporarily impaired	$	58,207	$	(292	)	$	-	$	-	$	58,207	$	(292	)