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Securities Available-for-Sale (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following tables present information related to the Company’s portfolio of securities available-for-sale at June 30, 2020 and December 31, 2019.
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
June 30, 2020 |  | (dollars in thousands)
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 44,868 |  | $ | 1,827 |  | $ | (26 | ) |  | $ | 46,669
Residential mortgage pass-through  securities |  |  | 206,186 |  |  | 4,424 |  |  | (40 | ) |  |  | 210,570
Commercial mortgage pass-through  securities |  |  | 2,026 |  |  | 205 |  |  | - |  |  |  | 2,231
Obligations of U.S. states and political subdivisions |  |  | 126,128 |  |  | 2,899 |  |  | (306 | ) |  |  | 128,721
Corporate bonds and notes |  |  | 25,159 |  |  | 270 |  |  | (594 | ) |  |  | 24,835
Asset-backed securities |  |  | 5,274 |  |  | - |  |  | (208 | ) |  |  | 5,066
Certificates of deposit |  |  | 148 |  |  | 2 |  |  | - |  |  |  | 150
Other securities |  |  | 184 |  |  | - |  |  | - |  |  |  | 184
Total securities available-for-sale |  | $ | 409,973 |  | $ | 9,627 |  | $ | (1,174 | ) |  | $ | 418,426
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
December 31, 2019 |  | (dollars in thousands)
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 27,667 |  | $ | 612 |  | $ | (42 | ) |  | $ | 28,237
Residential mortgage pass-through  securities |  |  | 199,611 |  |  | 1,528 |  |  | (643 | ) |  |  | 200,496
Commercial mortgage pass-through  securities |  |  | 4,995 |  |  | 37 |  |  | (35 | ) |  |  | 4,997
Obligations of U.S. states and political subdivisions |  |  | 134,500 |  |  | 2,411 |  |  | (392 | ) |  |  | 136,519
Corporate bonds and notes |  |  | 28,142 |  |  | 285 |  |  | (45 | ) |  |  | 28,382
Asset-backed securities |  |  | 5,845 |  |  | - |  |  | (65 | ) |  |  | 5,780
Certificates of deposit |  |  | 148 |  |  | 2 |  |  | - |  |  |  | 150
Other securities |  |  | 140 |  |  | - |  |  | - |  |  |  | 140
Total securities available-for-sale |  | $ | 401,048 |  | $ | 4,875 |  | $ | (1,222 | ) |  | $ | 404,701
Investments Classified by Contractual Maturity Date [Table Text Block] | The following table presents information for investments in securities available-for-sale at June 30, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.
|  | June 30, 2020
|  | Amortized |  | Fair
|  | Cost |  | Value
|  | (dollars in thousands)
Securities available-for-sale: |  |  |  |  |  |
Due in one year or less |  | $ | 5,476 |  | $ | 5,521
Due after one year through five years |  |  | 23,961 |  |  | 23,716
Due after five years through ten years |  |  | 25,669 |  |  | 26,255
Due after ten years |  |  | 146,471 |  |  | 149,949
Residential mortgage pass-through securities |  |  | 206,186 |  |  | 210,570
Commercial mortgage pass-through securities |  |  | 2,026 |  |  | 2,231
Other securities |  |  | 184 |  |  | 184
Total securities available-for-sale |  | $ | 409,973 |  | $ | 418,426
Schedule of Realized Gain (Loss) [Table Text Block] | Gross gains and losses from the sales of securities for periods presented were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  | (dollars in thousands) |
|  | 2020 |  | 2019 |  |  | 2020 |  | 2019 |
Proceeds |  | $ | - |  |  | $ | 47,664 |  |  | $ | 19,624 |  |  | $ | 150,332 |
Gross gains on sales of securities |  |  | - |  |  |  | 263 |  |  |  | 29 |  |  |  | 400 |
Gross losses on sales of securities |  |  | - |  |  |  | (272 | ) |  |  | - |  |  |  | (401 | )
Net losses on sales of securities |  |  | - |  |  |  | (9 | ) |  |  | 29 |  |  |  | (1 | )
Less: tax provision on net losses |  |  | - |  |  |  | 2 |  |  |  | (6 | ) |  |  | - |
Net losses on sales of securities, after tax |  | $ | - |  |  | $ | (7 | ) |  | $ | 23 |  |  | $ | (1 | )
Schedule of Unrealized Loss on Investments [Table Text Block] | The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2020 and December 31, 2019.
| June 30, 2020
| Total |  | Less than 12 Months |  | 12 Months or Longer
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
| (dollars in thousands)
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation | $ | 11,366 |  | $ | (26 | ) |  | $ | 11,358 |  | $ | (26 | ) |  | $ | 8 |  | $ | - |
Residential mortgage pass-through securities |  | 10,784 |  |  | (40 | ) |  |  | 10,774 |  |  | (40 | ) |  |  | 10 |  |  | - |
Obligations of U.S. states and political subdivisions |  | 28,353 |  |  | (306 | ) |  |  | 9,024 |  |  | (24 | ) |  |  | 19,329 |  |  | (282 | )
Corporate bonds and notes |  | 8,374 |  |  | (594 | ) |  |  | 8,374 |  |  | (594 | ) |  |  | - |  |  | - |
Asset-backed securities |  | 5,066 |  |  | (208 | ) |  |  | 1,902 |  |  | (48 | ) |  |  | 3,164 |  |  | (160 | )
Total temporarily impaired securities | $ | 63,943 |  | $ | (1,174 | ) |  | $ | 41,432 |  | $ | (732 | ) |  | $ | 22,511 |  | $ | (442 | )
| December 31, 2019
| Total |  | Less than 12 Months |  | 12 Months or Longer
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
| (dollars in thousands)
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation | $ | 6,512 |  | $ | (42 | ) |  | $ | 6,498 |  | $ | (42 | ) |  | $ | 14 |  | $ | - |
Residential mortgage pass-through securities |  | 94,980 |  |  | (643 | ) |  |  | 49,154 |  |  | (179 | ) |  |  | 45,826 |  |  | (464 | )
Commercial mortgage pass-through securities |  | 2,006 |  |  | (35 | ) |  |  | 2,006 |  |  | (35 | ) |  |  | - |  |  | - |
Obligations of U.S. states and political subdivisions |  | 34,775 |  |  | (392 | ) |  |  | 10,306 |  |  | (8 | ) |  |  | 24,469 |  |  | (384 | )
Corporate bonds and notes |  | 5,437 |  |  | (45 | ) |  |  | 2,478 |  |  | (23 | ) |  |  | 2,959 |  |  | (22 | )
Asset-backed securities |  | 5,718 |  |  | (65 | ) |  |  | 2,268 |  |  | (22 | ) |  |  | 3,450 |  |  | (43 | )
Total Temporarily Impaired Securities | $ | 149,428 |  | $ | (1,222 | ) |  | $ | 72,710 |  | $ | (309 | ) |  | $ | 76,718 |  | $ | (913 | )

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