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Securities Available-for-Sale (Tables) | 9 Months Ended
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Sep. 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 as of September 30, 2020 and December 31, 2019.
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
September 30, 2020 |  | (dollars in thousands)
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 44,431 |  | $ | 1,768 |  | $ | (54 | ) |  | $ | 46,145
Residential mortgage pass-through  securities |  |  | 238,193 |  |  | 4,166 |  |  | (135 | ) |  |  | 242,224
Commercial mortgage pass-through  securities |  |  | 6,176 |  |  | 213 |  |  | (142 | ) |  |  | 6,247
Obligations of U.S. states and political subdivisions |  |  | 124,790 |  |  | 3,649 |  |  | (43 | ) |  |  | 128,396
Corporate bonds and notes |  |  | 24,916 |  |  | 256 |  |  | (369 | ) |  |  | 24,803
Asset-backed securities |  |  | 5,023 |  |  | - |  |  | (155 | ) |  |  | 4,868
Certificates of deposit |  |  | 149 |  |  | 2 |  |  | - |  |  |  | 151
Other securities |  |  | 181 |  |  | - |  |  | - |  |  |  | 181
Total securities available-for-sale |  | $ | 443,859 |  | $ | 10,054 |  | $ | (898 | ) |  | $ | 453,015
|  |  |  |  | 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 as of September 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.
|  | September 30, 2020
|  | Amortized |  | Fair
|  | Cost |  | Value
|  | (dollars in thousands)
Securities available-for-sale: |  |  |  |  |  |
Due in one year or less |  | $ | 5,947 |  | $ | 5,982
Due after one year through five years |  |  | 23,657 |  |  | 23,651
Due after five years through ten years |  |  | 21,837 |  |  | 22,345
Due after ten years |  |  | 147,868 |  |  | 152,385
Residential mortgage pass-through securities |  |  | 238,193 |  |  | 242,224
Commercial mortgage pass-through securities |  |  | 6,176 |  |  | 6,247
Other securities |  |  | 181 |  |  | 181
Total securities available-for-sale |  | $ | 443,859 |  | $ | 453,015
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 September 30, |  |  | Nine Months Ended September 30, |
|  |  | (dollars in thousands) |
|  | 2020 |  | 2019 |  |  | 2020 |  | 2019 |
Proceeds |  | $ | - |  |  | $ | 33,432 |  |  | $ | 19,624 |  |  | $ | 183,728 |
Gross gains on sales of securities |  |  | - |  |  |  | 1 |  |  |  | 29 |  |  |  | 401 |
Gross losses on sales of securities |  |  | - |  |  |  | (280 | ) |  |  | - |  |  |  | (681 | )
Net losses on sales of securities |  |  | - |  |  |  | (279 | ) |  |  | 29 |  |  |  | (280 | )
Less: tax provision on net losses |  |  | - |  |  |  | 62 |  |  |  | (6 | ) |  |  | 62 |
Net losses on sales of securities, after tax |  | $ | - |  |  | $ | (217 | ) |  | $ | 23 |  |  | $ | (218 | )
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 as of September 30, 2020 and December 31, 2019.
| September 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 | $ | 13,305 |  | $ | (54 | ) |  | $ | 13,299 |  | $ | (54 | ) |  | $ | 6 |  | $ | - |
Residential mortgage pass-through securities |  | 70,465 |  |  | (135 | ) |  |  | 70,455 |  |  | (135 | ) |  |  | 10 |  |  | - |
Commercial mortgage pass-through securities |  | 4,016 |  |  | (142 | ) |  |  | 4,016 |  |  | (142 | ) |  |  | - |  |  | - |
Obligations of U.S. states and political subdivisions |  | 8,468 |  |  | (43 | ) |  |  | 8,468 |  |  | (43 | ) |  |  | - |  |  | - |
Corporate bonds and notes |  | 5,610 |  |  | (369 | ) |  |  | 5,610 |  |  | (369 | ) |  |  | - |  |  | - |
Asset-backed securities |  | 4,868 |  |  | (155 | ) |  |  | 1,288 |  |  | (38 | ) |  |  | 3,580 |  |  | (117 | )
Total temporarily impaired securities | $ | 106,732 |  | $ | (898 | ) |  | $ | 103,136 |  | $ | (781 | ) |  | $ | 3,596 |  | $ | (117 | )
| 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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