SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

SECURITIES

Schedule of amortized cost and fair value of available-for-sale securities and held-to-maturity securities

A summary of the amortized cost, fair value of available-for-sale securities at March 31, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss):

	March 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
($ in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S. Treasury	$	4,969	$	339	$	—	$	5,308
Obligations of U.S. government agencies and sponsored entities		70,726		2,216		62		72,880
Tax-exempt and taxable obligations of states and municipal subdivisions		270,385		5,369		1,591		274,163
Mortgage-backed securities - residential		251,134		10,993		80		262,047
Mortgage-backed securities - commercial		115,974		4,976		97		120,853
Corporate obligations		27,838		242		354		27,726
Total	$	741,026	$	24,135	$	2,184	$	762,977

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
($ in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S. Treasury	$	4,967	$	—	$	73	$	4,894
Obligations of U.S. government agencies sponsored entities		76,699		1,475		224		77,950
Tax-exempt and taxable obligations of states and municipal subdivisions		253,527		5,602		147		258,982
Mortgage-backed securities - residential		263,229		4,726		107		267,848
Mortgage-backed securities - commercial		125,292		2,398		223		127,467
Corporate obligations		27,877		218		149		27,946
Total	$	751,591	$	14,419	$	923	$	765,087

Schedule of fair value of debt securities

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
($ in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S. Treasury	$	4,967	$	—	$	73	$	4,894
Obligations of U.S. government agencies sponsored entities		76,699		1,475		224		77,950
Tax-exempt and taxable obligations of states and municipal subdivisions		253,527		5,602		147		258,982
Mortgage-backed securities - residential		263,229		4,726		107		267,848
Mortgage-backed securities - commercial		125,292		2,398		223		127,467
Corporate obligations		27,877		218		149		27,946
Total	$	751,591	$	14,419	$	923	$	765,087

The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	March 31, 2020				December 31, 2019
	Available-for-Sale				Available-for-Sale
	Amortized		Fair		Amortized		Fair
($ in thousands)	Cost		Value		Cost		Value
Due less than one year	$	28,094	$	28,210	$	30,141	$	30,303
Due after one year through five years		86,142		87,617		80,119		81,372
Due after five years through ten years		147,047		150,671		143,811		148,085
Due greater than ten years		112,635		113,579		108,999		110,012
Mortgage-backed securities - residential		251,134		262,047		263,229		267,848
Mortgage-backed securities - commercial		115,974		120,853		125,292		127,467
Total	$	741,026	$	762,977	$	751,591	$	765,087

Schedule of securities classified as available-for-sale with unrealized losses

The details concerning securities classified as available-for-sale with unrealized losses as of March 31, 2020 and December 31, 2019 were as follows:

	March 31, 2020
	Losses < 12 Months				Losses 12 Months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
($ in thousands)	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
Obligations of U.S government agencies and sponsored entities		—		—		5,371		62		5,371		62
Tax-exempt and taxable obligations of state and municipal subdivisions		2,571		5		45,504		1,586		48,075		1,591
Mortgage-backed securities - residential		—		—		4,017		80		4,017		80
Mortgage-backed securities - commercial		4,293		4		12,532		93		16,825		97
Corporate obligations		4,494		6		9,820		348		14,314		354
Total	$	11,358	$	15	$	77,244	$	2,169	$	88,602	$	2,184

	December 31, 2019
	Losses < 12 Months				Losses 12 Months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
($ in thousands)	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	4,894	$	73	$	4,894	$	73
Obligations of U.S government agencies and sponsored entities		—		—		22,987		224		22,987		224
Tax-exempt and taxable obligations of state and municipal subdivisions		—		—		28,235		147		28,235		147
Mortgage-backed securities - residential		—		—		29,930		107		29,930		107
Mortgage-backed securities - commercial		9,306		16		19,130		207		28,436		223
Corporate obligations		500		—		10,572		149		11,072		149
Total	$	9,806	$	16	$	115,748	$	907	$	125,554	$	923