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v3.19.3.a.u2

SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Schedule of Equity securities gains and losses [Table Text Block] | The following table represents a summary of the gains and losses that relates to equity securities for the periods indicated:
| Years Ended December 31
| 2019 |  | 2018 |  | 2017
Net gains (losses) recognized during the period on equity securities | $ | 1,566 |  |  | $ | (1,225 | ) |  | n/a
Less: net gains recognized during the period on equity securities sold during the period | 18 |  |  | 874 |  |  | n/a
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date | $ | 1,548 |  |  | $ | (2,099 | ) |  | n/a
Schedule of Available-for-sale Securities and Held-to-maturity Securities | The following table presents a summary of the amortized cost, gross unrealized holding gains and losses and fair value of securities available for sale and securities held to maturity as of the dates indicated:
| December 31, 2019 |  | December 31, 2018
| Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |  | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
| (Dollars in thousands)
Available for sale securities |  |  |  |  |  |  |  |  |
U.S. government agency securities | $ | 32,473 |  | $ | 642 |  | $ | — |  | $ | 33,115 |  |  | $ | 32,477 |  | $ | — |  | $ | (439 | ) | $ | 32,038 |
Agency mortgage-backed securities | 243,548 |  | 3,456 |  | (4 | ) | 247,000 |  |  | 222,491 |  | 1,020 |  | (3,406 | ) | 220,105 |
Agency collateralized mortgage obligations | 87,305 |  | 1,225 |  | (19 | ) | 88,511 |  |  | 138,149 |  | 197 |  | (3,435 | ) | 134,911 |
State, county, and municipal securities | 1,377 |  | 19 |  | — |  | 1,396 |  |  | 1,719 |  | 16 |  | — |  | 1,735 |
Single issuer trust preferred securities issued by banks | 488 |  | 5 |  | — |  | 493 |  |  | 717 |  | — |  | (10 | ) | 707 |
Pooled trust preferred securities issued by banks and insurers | 1,488 |  | — |  | (374 | ) | 1,114 |  |  | 1,678 |  | — |  | (349 | ) | 1,329 |
Small business administration pooled securities | 54,024 |  | 771 |  | — |  | 54,795 |  |  | 53,317 |  | — |  | (1,390 | ) | 51,927 |
Total available for sale securities | 420,703 |  | 6,118 |  | (397 | ) | 426,424 |  |  | 450,548 |  | 1,233 |  | (9,029 | ) | 442,752 |
Held to maturity securities |  |  |  |  |  |  |  |  |
U.S. government agency securities | 12,874 |  | 123 |  | — |  | 12,997 |  |  | — |  | — |  | — |  | — |
U.S. treasury securities | 4,032 |  | 21 |  | — |  | 4,053 |  |  | 1,004 |  | 11 |  | — |  | 1,015 |
Agency mortgage-backed securities | 397,414 |  | 8,445 |  | (57 | ) | 405,802 |  |  | 252,484 |  | 1,548 |  | (3,104 | ) | 250,928 |
Agency collateralized mortgage obligations | 293,662 |  | 4,501 |  | (849 | ) | 297,314 |  |  | 332,775 |  | 869 |  | (6,920 | ) | 326,724 |
Single issuer trust preferred securities issued by banks | 1,500 |  | — |  | (10 | ) | 1,490 |  |  | 1,500 |  | — |  | (10 | ) | 1,490 |
Small business administration pooled securities | 31,324 |  | 338 |  | (55 | ) | 31,607 |  |  | 23,727 |  | 105 |  | (349 | ) | 23,483 |
Total held to maturity securities | 740,806 |  | 13,428 |  | (971 | ) | 753,263 |  |  | 611,490 |  | 2,533 |  | (10,383 | ) | 603,640 |
Total | $ | 1,161,509 |  | $ | 19,546 |  | $ | (1,368 | ) | $ | 1,179,687 |  |  | $ | 1,062,038 |  | $ | 3,766 |  | $ | (19,412 | ) | $ | 1,046,392 |
Schedule of Contractual Maturities of Securities | A schedule of the contractual maturities of securities available for sale and securities held to maturity as of December 31, 2019 is presented below:
| Due in one year or less |  | Due after one year to five years |  | Due after five to ten years |  | Due after ten years |  | Total
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
| (Dollars in thousands)
Available for sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency securities | $ | 10,000 |  |  | $ | 10,003 |  |  | $ | 10,002 |  |  | $ | 10,154 |  |  | $ | 12,471 |  |  | $ | 12,958 |  |  | $ | — |  |  | $ | — |  |  | $ | 32,473 |  |  | $ | 33,115 |
Agency mortgage-backed securities | — |  |  | — |  |  | 70,945 |  |  | 71,305 |  |  | 54,798 |  |  | 56,181 |  |  | 117,805 |  |  | 119,514 |  |  | 243,548 |  |  | 247,000 |
Agency collateralized mortgage obligations | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 87,305 |  |  | 88,511 |  |  | 87,305 |  |  | 88,511 |
State, county, and municipal securities | — |  |  | — |  |  | 1,188 |  |  | 1,193 |  |  | 189 |  |  | 203 |  |  | — |  |  | — |  |  | 1,377 |  |  | 1,396 |
Single issuer trust preferred securities issued by banks | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 488 |  |  | 493 |  |  | 488 |  |  | 493 |
Pooled trust preferred securities issued by banks and insurers | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,488 |  |  | 1,114 |  |  | 1,488 |  |  | 1,114 |
Small business administration pooled securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 54,024 |  |  | 54,795 |  |  | 54,024 |  |  | 54,795 |
Total available for sale securities | $ | 10,000 |  |  | $ | 10,003 |  |  | $ | 82,135 |  |  | $ | 82,652 |  |  | $ | 67,458 |  |  | $ | 69,342 |  |  | $ | 261,110 |  |  | $ | 264,427 |  |  | $ | 420,703 |  |  | $ | 426,424 |
Held to maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency securities | $ | 4,962 |  |  | $ | 4,989 |  |  | $ | 7,912 |  |  | $ | 8,008 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,874 |  |  | $ | 12,997 |
U.S. Treasury securities | — |  |  | — |  |  | 4,032 |  |  | 4,053 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,032 |  |  | 4,053 |
Agency mortgage-backed securities | — |  |  | — |  |  | 10,812 |  |  | 10,818 |  |  | 35,656 |  |  | 36,151 |  |  | 350,946 |  |  | 358,833 |  |  | 397,414 |  |  | 405,802 |
Agency collateralized mortgage obligations | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 293,662 |  |  | 297,314 |  |  | 293,662 |  |  | 297,314 |
Single issuer trust preferred securities issued by banks | — |  |  | — |  |  | — |  |  | — |  |  | 1,500 |  |  | 1,490 |  |  | — |  |  | — |  |  | 1,500 |  |  | 1,490 |
Small business administration pooled securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31,324 |  |  | 31,607 |  |  | 31,324 |  |  | 31,607 |
Total held to maturity securities | 4,962 |  |  | 4,989 |  |  | 22,756 |  |  | 22,879 |  |  | 37,156 |  |  | 37,641 |  |  | 675,932 |  |  | 687,754 |  |  | 740,806 |  |  | 753,263 |
Total | $ | 14,962 |  |  | $ | 14,992 |  |  | $ | 104,891 |  |  | $ | 105,531 |  |  | $ | 104,614 |  |  | $ | 106,983 |  |  | $ | 937,042 |  |  | $ | 952,181 |  |  | $ | 1,161,509 |  |  | $ | 1,179,687 |
Schedule of Gross Unrealized Losses and Fair Value of Investments |
|  |  | December 31, 2019
|  |  | Less than 12 months |  | 12 months or longer |  | Total
Description of securities | # of holdings |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
|  |  | (Dollars in thousands)
Agency mortgage-backed securities | 12 |  |  | $ | 34,009 |  |  | $ | (59 | ) |  | $ | 243 |  |  | $ | (2 | ) |  | $ | 34,252 |  |  | $ | (61 | )
Agency collateralized mortgage obligations | 17 |  |  | 48,476 |  |  | (215 | ) |  | 37,382 |  |  | (653 | ) |  | 85,858 |  |  | (868 | )
Single issuer trust preferred securities issued by banks and insurers | 1 |  |  | — |  |  | — |  |  | 1,490 |  |  | (10 | ) |  | 1,490 |  |  | (10 | )
Pooled trust preferred securities issued by banks and insurers | 1 |  |  | — |  |  | — |  |  | 1,114 |  |  | (374 | ) |  | 1,114 |  |  | (374 | )
Small business administration pooled securities | 1 |  |  | 7,349 |  |  | (55 | ) |  | — |  |  | — |  |  | 7,349 |  |  | (55 | )
Total temporarily impaired securities | 32 |  |  | $ | 89,834 |  |  | $ | (329 | ) |  | $ | 40,229 |  |  | $ | (1,039 | ) |  | $ | 130,063 |  |  | $ | (1,368 | )
|  |  | December 31, 2018
|  |  | Less than 12 months |  | 12 months or longer |  | Total
Description of securities | # of holdings |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
|  |  | (Dollars in thousands)
U.S. government agency securities | 3 |  |  | $ | 9,960 |  |  | $ | (43 | ) |  | $ | 22,078 |  |  | $ | (396 | ) |  | $ | 32,038 |  |  | $ | (439 | )
Agency mortgage-backed securities | 144 |  |  | 104,616 |  |  | (1,363 | ) |  | 222,850 |  |  | (5,147 | ) |  | 327,466 |  |  | (6,510 | )
Agency collateralized mortgage obligations | 48 |  |  | 57,871 |  |  | (398 | ) |  | 279,229 |  |  | (9,957 | ) |  | 337,100 |  |  | (10,355 | )
Single issuer trust preferred securities issued by banks and insurers | 2 |  |  | 2,197 |  |  | (20 | ) |  | — |  |  | — |  |  | 2,197 |  |  | (20 | )
Pooled trust preferred securities issued by banks and insurers | 1 |  |  | — |  |  | — |  |  | 1,329 |  |  | (349 | ) |  | 1,329 |  |  | (349 | )
Small business administration pooled securities | 7 |  |  | 28,257 |  |  | (662 | ) |  | 40,621 |  |  | (1,077 | ) |  | 68,878 |  |  | (1,739 | )
Total temporarily impaired securities | 205 |  |  | $ | 202,901 |  |  | $ | (2,486 | ) |  | $ | 566,107 |  |  | $ | (16,926 | ) |  | $ | 769,008 |  |  | $ | (19,412 | )

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- Definition Tabular disclosure of investments in an unrealized loss position for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), including: (a) the aggregate related fair value of investments with unrealized losses, (b) the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 + Details
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