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 September 30, 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	$	2,436	$	2,454
Due after one year through five years		14,118		14,541
Due after five years through ten years		29,681		31,773
Due after ten years		288,002		307,839
		334,237		356,607
Mortgage-backed securities		276,088		287,427
Total debt securities	$	610,325	$	644,034

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

Information regarding securities with unrealized losses as of September 30, 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
September 30, 2020
Mortgage-backed securities: residential	$	0	$	0	$	4,135	$	28	$	4,135	$	28
Mortgage-backed securities: commercial		7		0		0		0		7		0
State and municipal securities		21,135		189		0		0		21,135		189
Total temporarily impaired	$	21,142	$	189	$	4,135	$	28	$	25,277	$	217

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