SECURITIES (Tables)

12 Months Ended

Dec. 31, 2020

SECURITIES

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

The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at December 31, 2020 and 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
($ in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S Treasury	$	9,063	$	320	$	—	$	9,383
Obligations of U.S. government agencies and sponsored entities		97,107		3,130		67		100,170
Tax-exempt and taxable obligations of states and municipal subdivisions		464,348		16,326		300		480,374
Mortgage-backed securities - residential		228,257		8,206		42		236,421
Mortgage-backed securities - commercial		158,784		6,087		60		164,811
Corporate obligations		30,063		976		16		31,023
Total available-for-sale	$	987,622	$	35,045	$	485	$	1,022,182

	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 and 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 available-for-sale	$	751,591	$	14,419	$	923	$	765,087

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

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.

($ in thousands)	December 31, 2020
	Amortized		Fair
Available-for-Sale	Cost		Value
Within one year	$	37,504	$	37,739
One to five years		142,110		147,659
Five to ten years		198,583		204,968
Beyond ten years		222,384		230,584
Mortgage-backed securities: residential		228,257		236,421
Mortgage-backed securities: commercial		158,784		164,811
Total	$	987,622	$	1,022,182

Schedule of sales and calls of securities

The proceeds from sales and calls of securities and the associated gains and losses are listed below

($ in thousands):	2020		2019		2018
Gross gains	$	289	$	147	$	880
Gross losses		8		25		546
Realized net gain	$	281	$	122	$	334

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

The following table summarizes available-for-sale securities with unrealized and unrecognized losses at December 31, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position:

	2020
	Less than 12 Months				12 Months or Longer				Total
	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		6,593		65		326		2		6,919		67
Tax-exempt and taxable obligations of states and municipal subdivisions		10,193		300		—		—		10,193		300
Mortgage-backed securities: residential		30,202		42		11		—		30,213		42
Mortgage-backed securities: commercial		10,134		29		3,596		31		13,730		60
Corporate obligations		5,217		8		40		8		5,257		16
Total available-for-sale	$	62,339	$	444	$	3,973	$	41	$	66,312	$	485

	2019
	Less than 12 Months				12 Months or Longer				Total
	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 states and municipal subdivisions		27,913		146		322		1		28,235		147
Mortgage-backed securities: residential		22,328		55		7,602		52		29,930		107
Mortgage-backed securities: commercial		10,787		166		17,649		57		28,436		223
Corporate obligations		10,636		49		436		100		11,072		149
Total available-for-sale	$	99,545	$	713	$	26,009	$	210	$	125,554	$	923