SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

SECURITIES

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

($ in thousands)	June 30, 2021
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S. Treasury	$	36,806	$	205	$	54	$	36,957
Obligations of U.S. government agencies and sponsored entities		147,594		2,965		55		150,504
Tax-exempt and taxable obligations of states and municipal subdivisions		519,573		13,757		2,196		531,134
Mortgage-backed securities - residential		336,122		6,243		1,098		341,267
Mortgage-backed securities - commercial		185,161		4,948		627		189,482
Corporate obligations		29,939		1,485		7		31,417
Total	$	1,255,195	$	29,603	$	4,037	$	1,280,761

($ in thousands)	December 31, 2020
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-sale securities:
U.S. Treasury	$	9,063	$	320	$	—	$	9,383
Obligations of U.S. government agencies 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	$	987,622	$	35,045	$	485	$	1,022,182

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

The amortized cost and fair value of debt securities at June 30, 2021 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.

($ in thousands)	June 30, 2021
	Available-for-Sale
	Amortized		Fair
	Cost		Value
Due less than one year	$	45,101	$	45,446
Due after one year through five years		143,216		147,901
Due after five years through ten years		308,271		313,844
Due greater than ten years		237,324		242,821
Mortgage-backed securities - residential		336,122		341,267
Mortgage-backed securities - commercial		185,161		189,482
Total	$	1,255,195	$	1,280,761

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

The following table summarizes available-for-sale securities with unrealized losses position for which an allowance for credit losses has not been recorded at June 30, 2021 and that are not deemed to be other than temporarily impaired as of December 31, 2020. The securities are aggregated by major security type and length of time in a continuous unrealized loss position:

($ in thousands)	June 30, 2021
	Losses < 12 Months				Losses 12 Months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	10,888	$	54	$	—	$	—	$	10,888	$	54
Obligations of U.S government agencies and sponsored entities		9,112		52		522		3		9,634		55
Tax-exempt and taxable obligations of state and municipal subdivisions		129,571		1,938		5,053		258		134,624		2,196
Mortgage-backed securities - residential		128,546		1,091		502		7		129,048		1,098
Mortgage-backed securities - commercial		56,200		611		1,660		16		57,860		627
Corporate obligations		—		—		41		7		41		7
Total	$	334,317	$	3,746	$	7,778	$	291	$	342,095	$	4,037

($ in thousands)	December 31, 2020
	Losses < 12 Months				Losses 12 Months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	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 state 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	$	62,339	$	444	$	3,973	$	41	$	66,312	$	485