INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

INVESTMENT SECURITIES

Schedule of gross amortized cost and fair value of available-for-sale debt securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
September 30, 2019 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	257,468	$	78	$	(244)	$	257,302
Private label mortgage backed security		2,289		1,306		—		3,595
Mortgage backed securities - residential		227,929		2,935		(170)		230,694
Collateralized mortgage obligations		66,441		281		(142)		66,580
Corporate bonds		10,000		—		(156)		9,844
Trust preferred security		3,564		436		—		4,000
Total available-for-sale debt securities	$	567,691	$	5,036	$	(712)	$	572,015

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2018 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	218,502	$	25	$	(1,654)	$	216,873
Private label mortgage backed security		2,348		1,364		—		3,712
Mortgage backed securities - residential		168,992		1,470		(1,253)		169,209
Collateralized mortgage obligations		73,740		222		(1,151)		72,811
Corporate bonds		10,000		—		(942)		9,058
Trust preferred security		3,533		542		—		4,075
Total available-for-sale debt securities	$	477,115	$	3,623	$	(5,000)	$	475,738

Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
September 30, 2019 (in thousands)	Value		Gains		Losses		Value
Mortgage backed securities - residential	$	105	$	7	$	—	$	112
Collateralized mortgage obligations		17,724		132		(30)		17,826
Corporate bonds		45,024		447		—		45,471
Obligations of state and political subdivisions		462		1		—		463
Total held-to-maturity debt securities	$	63,315	$	587	$	(30)	$	63,872

			Gross		Gross
	Carrying		Unrecognized		Unrecognized		Fair
December 31, 2018 (in thousands)	Value		Gains		Losses		Value
Mortgage backed securities - residential	$	132	$	8	$	—	$	140
Collateralized mortgage obligations		19,544		178		(46)		19,676
Corporate bonds		45,088		16		(514)		44,590
Obligations of state and political subdivisions		463		—		(11)		452
Total held-to-maturity debt securities	$	65,227	$	202	$	(571)	$	64,858

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

	Available-for-Sale				Held-to-Maturity
	Debt Securities				Debt Securities
	Amortized		Fair		Carrying		Fair
September 30, 2019 (in thousands)	Cost		Value		Value		Value
Due in one year or less	$	172,143	$	172,120	$	5,130	$	5,127
Due from one year to five years		95,325		95,026		35,410		35,819
Due from five years to ten years		—		—		4,946		4,988
Due beyond ten years		3,564		4,000		—		—
Private label mortgage backed security		2,289		3,595		—		—
Mortgage backed securities - residential		227,929		230,694		105		112
Collateralized mortgage obligations		66,441		66,580		17,724		17,826
Total debt securities	$	567,691	$	572,015	$	63,315	$	63,872

Schedule of debt securities with unrealized losses

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
September 30, 2019 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	40,191	$	(162)	$	74,906	$	(82)	$	115,097	$	(244)
Mortgage backed securities - residential		38,001		(40)		20,167		(130)		58,168		(170)
Collateralized mortgage obligations		8,079		(16)		10,738		(126)		18,817		(142)
Corporate bonds		—		—		9,844		(156)		9,844		(156)
Total available-for-sale debt securities	$	86,271	$	(218)	$	115,655	$	(494)	$	201,926	$	(712)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2018 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	71,627	$	(598)	$	106,136	$	(1,056)	$	177,763	$	(1,654)
Mortgage backed securities - residential		43,691		(484)		32,003		(769)		75,694		(1,253)
Collateralized mortgage obligations		16,487		(473)		31,071		(678)		47,558		(1,151)
Corporate bonds		9,058		(942)		—		—		9,058		(942)
Total available-for-sale debt securities	$	140,863	$	(2,497)	$	169,210	$	(2,503)	$	310,073	$	(5,000)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
September 30, 2019 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Held-to-maturity debt securities:
Collateralized mortgage obligations	$	4,132	$	(4)	$	4,965	$	(26)	$	9,097	$	(30)
Total held-to-maturity debt securities:	$	4,132	$	(4)	$	4,965	$	(26)	$	9,097	$	(30)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2018 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Held-to-maturity debt securities:
Collateralized mortgage obligations	$	—	$	—	$	5,539	$	(46)	$	5,539	$	(46)
Corporate bonds		39,499		(514)		—		—		39,499		(514)
Obligations of state and political subdivisions		105		(1)		347		(10)		452		(11)
Total held-to-maturity debt securities:	$	39,604	$	(515)	$	5,886	$	(56)	$	45,490	$	(571)

Schedule of pledged investment securities

(in thousands)	September 30, 2019		December 31, 2018
Carrying amount	$	444,309	$	240,590
Fair value		444,316		240,700

Schedule of carrying value, gross unrealized gains and losses, and fair value of equity securities with readily determinable fair values

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
September 30, 2019 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	882	$	—	$	882
Community Reinvestment Act mutual fund		2,500		—		(15)		2,485
Total equity securities with readily determinable fair values	$	2,500	$	882	$	(15)	$	3,367

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2018 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	410	$	—	$	410
Community Reinvestment Act mutual fund		2,500		—		(104)		2,396
Total equity securities with readily determinable fair values	$	2,500	$	410	$	(104)	$	2,806

Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized in the Company’s consolidated statements of income

	Gains (Losses) Recognized on Equity Securities
	Three Months Ended September 30, 2019						Three Months Ended September 30, 2018
(in thousands)	Realized		Unrealized		Total		Realized		Unrealized		Total
Freddie Mac preferred stock	$	—	$	95	$	95	$	—	$	(57)	$	(57)
Community Reinvestment Act mutual fund		—		19		19		—		(19)		(19)
Total equity securities with readily determinable fair value	$	—	$	114	$	114	$	—	$	(76)	$	(76)

	Gains (Losses) Recognized on Equity Securities
	Nine Months Ended September 30, 2019						Nine Months Ended September 30, 2018
(in thousands)	Realized		Unrealized		Total		Realized		Unrealized		Total
Freddie Mac preferred stock	$	—	$	472	$	472	$	—	$	(141)	$	(141)
Community Reinvestment Act mutual fund		—		89		89		—		(70)		(70)
Total equity securities with readily determinable fair value	$	—	$	561	$	561	$	—	$	(211)	$	(211)