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SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2019
SECURITIES |
Summary of carrying balances of securities |
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
|  | (dollars in thousands)
Securities available-for-sale |  | $ | 592,404 |  | $ | 679,526
Securities held-to-maturity |  |  | 88,477 |  |  | 121,715
Equity securities: |  |  |  |  |  |
Readily determinable fair value |  |  | 3,241 |  |  | 3,081
No readily determinable fair value |  |  | 1,148 |  |  | 180
Total securities |  | $ | 685,270 |  | $ | 804,502
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses |
December 31, 2019 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-sale: |  | (dollars in thousands)
U.S. government agency |  | $ | 49,113 |  | $ | 529 |  | $ | (27) |  | $ | 49,615
Municipal |  |  | 131,241 |  |  | 2,503 |  |  | (6) |  |  | 133,738
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | 198,184 |  |  | 2,780 |  |  | (286) |  |  | 200,678
Agency commercial |  |  | 133,730 |  |  | 1,516 |  |  | (292) |  |  | 134,954
Corporate |  |  | 72,239 |  |  | 1,180 |  |  | — |  |  | 73,419
Total |  | $ | 584,507 |  | $ | 8,508 |  | $ | (611) |  | $ | 592,404
December 31, 2018 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available-for-sale: |  | (dollars in thousands)
U.S. government agency |  | $ | 46,977 |  | $ | 250 |  | $ | (361) |  | $ | 46,866
Municipal |  |  | 161,957 |  |  | 761 |  |  | (1,268) |  |  | 161,450
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | 235,903 |  |  | 788 |  |  | (2,388) |  |  | 234,303
Agency commercial |  |  | 151,878 |  |  | 285 |  |  | (2,082) |  |  | 150,081
Private-label |  |  | 254 |  |  | 2 |  |  | — |  |  | 256
Corporate |  |  | 87,118 |  |  | 207 |  |  | (755) |  |  | 86,570
Total |  | $ | 684,087 |  | $ | 2,293 |  | $ | (6,854) |  | $ | 679,526
Schedule of carrying value and fair value of securities held-to-maturity, with gross unrealized gains and losses |
December 31, 2019 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Held-to-maturity: |  | (dollars in thousands)
Municipal |  | $ | 45,239 |  | $ | 1,340 |  | $ | — |  | $ | 46,579
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | 19,072 |  |  | 161 |  |  | (170) |  |  | 19,063
Agency commercial |  |  | 24,166 |  |  | 775 |  |  | (54) |  |  | 24,887
Total |  | $ | 88,477 |  | $ | 2,276 |  | $ | (224) |  | $ | 90,529
December 31, 2018 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Held-to-maturity: |  | (dollars in thousands)
Municipal |  | $ | 73,176 |  | $ | 1,149 |  | $ | (42) |  | $ | 74,283
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | 23,192 |  |  | — |  |  | (998) |  |  | 22,194
Agency commercial |  |  | 25,347 |  |  | 177 |  |  | (495) |  |  | 25,029
Total |  | $ | 121,715 |  | $ | 1,326 |  | $ | (1,535) |  | $ | 121,506
Schedule of amortized cost and fair value of securities by contractual maturity |
|  | Available-for-Sale |  | Held-to-Maturity
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
|  | (dollars in thousands)
Due in 1 year or less |  | $ | 49,357 |  | $ | 49,527 |  | $ | 752 |  | $ | 758
Due after 1 year through 5 years |  |  | 115,487 |  |  | 117,484 |  |  | 31,309 |  |  | 32,238
Due after 5 years through 10 years |  |  | 81,515 |  |  | 83,392 |  |  | 11,504 |  |  | 11,799
Due after 10 years |  |  | 6,234 |  |  | 6,369 |  |  | 1,674 |  |  | 1,784
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | 198,184 |  |  | 200,678 |  |  | 19,072 |  |  | 19,063
Agency commercial |  |  | 133,730 |  |  | 134,954 |  |  | 24,166 |  |  | 24,887
Total |  | $ | 584,507 |  | $ | 592,404 |  | $ | 88,477 |  | $ | 90,529
Schedule of sales of securities available-for-sale |
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (dollars in thousands)
Proceeds from sales |  | $ | — |  |  | 104,303 |  | $ | 51,500
Gross realized gains |  |  | — |  |  | 281 |  |  | —
Gross realized losses |  |  | — |  |  | (2,822) |  |  | (1,275)
Schedule of gains (losses) on securities |
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (dollars in thousands)
Net realized losses on sales |  | $ | — |  |  | (2,541) |  | $ | (1,275)
Net unrealized gains (losses) on equities: |  |  |  |  |  |  |  |  |
Readily determinable fair value |  |  | 160 |  |  | (122) |  |  | —
No readily determinable fair value |  |  | (165) |  |  | — |  |  | —
Gains (losses) on securities |  | $ | (5) |  |  | (2,663) |  | $ | (1,275)
Schedule of gross unrealized losses and fair value of investments |
|  | Investments in a Continuous Unrealized Loss Position
|  | Less than 12 Months |  | 12 Months or More |  | Total
December 31, 2019 |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value
Available-for-sale: |  | (dollars in thousands)
U.S. government agency |  | $ | (26) |  | $ | 18,865 |  | $ | (1) |  | $ | 1,998 |  | $ | (27) |  | $ | 20,863
Municipal |  |  | (6) |  |  | 894 |  |  | — |  |  | — |  |  | (6) |  |  | 894
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | (108) |  |  | 25,563 |  |  | (178) |  |  | 27,296 |  |  | (286) |  |  | 52,859
Agency commercial |  |  | (100) |  |  | 20,056 |  |  | (192) |  |  | 15,704 |  |  | (292) |  |  | 35,760
Total |  | $ | (240) |  | $ | 65,378 |  | $ | (371) |  | $ | 44,998 |  | $ | (611) |  | $ | 110,376
Held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  | $ | (30) |  | $ | 2,516 |  | $ | (140) |  | $ | 9,002 |  | $ | (170) |  | $ | 11,518
Agency commercial |  |  | (47) |  |  | 7,016 |  |  | (7) |  |  | 599 |  |  | (54) |  |  | 7,615
Total |  | $ | (77) |  | $ | 9,532 |  | $ | (147) |  | $ | 9,601 |  | $ | (224) |  | $ | 19,133
|  | Investments in a Continuous Unrealized Loss Position
|  | Less than 12 Months |  | 12 Months or More |  | Total
December 31, 2018 |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value
Available-for-sale: |  | (dollars in thousands)
U.S. government agency |  | $ | (302) |  | $ | 19,079 |  | $ | (59) |  | $ | 7,938 |  | $ | (361) |  | $ | 27,017
Municipal |  |  | (230) |  |  | 31,034 |  |  | (1,038) |  |  | 59,702 |  |  | (1,268) |  |  | 90,736
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | (299) |  |  | 40,864 |  |  | (2,089) |  |  | 99,967 |  |  | (2,388) |  |  | 140,831
Agency commercial |  |  | (262) |  |  | 35,462 |  |  | (1,820) |  |  | 81,899 |  |  | (2,082) |  |  | 117,361
Corporate |  |  | (263) |  |  | 20,734 |  |  | (492) |  |  | 39,054 |  |  | (755) |  |  | 59,788
Total |  | $ | (1,356) |  | $ | 147,173 |  | $ | (5,498) |  | $ | 288,560 |  | $ | (6,854) |  | $ | 435,733
Held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal |  | $ | (32) |  | $ | 4,166 |  | $ | (10) |  | $ | 1,856 |  | $ | (42) |  | $ | 6,022
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency residential |  |  | (59) |  |  | 4,046 |  |  | (939) |  |  | 17,564 |  |  | (998) |  |  | 21,610
Agency commercial |  |  | (67) |  |  | 8,910 |  |  | (428) |  |  | 10,413 |  |  | (495) |  |  | 19,323
Total |  | $ | (158) |  | $ | 17,122 |  | $ | (1,377) |  | $ | 29,833 |  | $ | (1,535) |  | $ | 46,955

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