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SECURITIES (Tables)

12 Months Ended

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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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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