SECURITIES

Schedule of Available-For-Sale Securities By Maturity

Information regarding the fair value and amortized cost of available-for-sale debt securities by maturity as of March 31, 2020 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.


	Amortized		Fair
(dollars in thousands)	Cost		Value
Due in one year or less	$	3,924	$	3,946
Due after one year through five years		15,371		15,741
Due after five years through ten years		27,257		28,584
Due after ten years		225,653		240,970
		272,205		289,241
Mortgage-backed securities		321,677		335,084
Total debt securities	$	593,882	$	624,325

Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position

Information regarding securities with unrealized losses as of March 31, 2020 and December 31, 2019 is presented below. The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.


	Less than 12 months				12 months or more				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
March 31, 2020
Mortgage-backed securities: residential	$	3,021	$	69	$	5,134	$	101	$	8,155	$	170
Mortgage-backed securities: commercial		2,214		0		0		0		2,214		0
State and municipal securities		4,509		32		0		0		4,509		32
Total temporarily impaired	$	9,744	$	101	$	5,134	$	101	$	14,878	$	202

December 31, 2019
Mortgage-backed securities: residential	$	23,436	$	112	$	14,174	$	275	$	37,610	$	387
Mortgage-backed securities: commercial		4,591		2		0		0		4,591		2
State and municipal securities		14,188		228		0		0		14,188		228
Total temporarily impaired	$	42,215	$	342	$	14,174	$	275	$	56,389	$	617