Securities (Tables)

9 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Securities available for sale at September 30, 2018 and December 31, 2017 are as follows:



	September 30, 2018									December 31, 2017
	Amortized		Unrealized					Fair		Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
U.S. gov’t sponsored entities	$	148,034	$	178	$	(2,703	)	$	145,509	$	108,578	$	478	$	(908	)	$	108,148
State & political subdivisions	137,848		1,643		(1,096		)	138,395		134,428		3,609		(314		)	137,723
Residential & multi-family mortgage	199,968		76		(5,409		)	194,635		111,214		304		(1,882		)	109,636
Corporate notes & bonds	12,358		31		(353		)	12,036		17,610		52		(462		)	17,200
Pooled SBA	32,079		66		(1,312		)	30,833		36,260		355		(575		)	36,040
Other	1,020		—		(94		)	926		1,020		—		(58		)	962
Total	$	531,307	$	1,994	$	(10,967	)	$	522,334	$	409,110	$	4,798	$	(4,199	)	$	409,709

Information pertaining to security sales on available for sale securities is as follows:



	Proceeds		Gross Gains		Gross Losses
Three months ended September 30, 2018	$	—	$	—	$	—
Three months ended September 30, 2017	$	7,757	$	76	$	(71	)
Nine months ended September 30, 2018	$	—	$	—	$	—
Nine months ended September 30, 2017	$	15,374	$	1,614	$	(71	)

Trading Securities

Trading securities at September 30, 2018 and December 31, 2017 are as follows:



	September 30, 2018		December 31, 2017
Corporate equity securities	$	6,643	$	5,125
Mutual funds	1,687		1,499
Certificates of deposit	228		220
Corporate notes and bonds	278		254
U.S. government sponsored entities	51		52
Total	$	8,887	$	7,150

Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

Securities with unrealized losses at September 30, 2018 and December 31, 2017, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

September 30, 2018



	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. gov’t sponsored entities	$	63,025	$	(736	)	$	70,211	$	(1,967	)	$	133,236	$	(2,703	)
State & political subdivisions	45,113		(617		)	7,907		(479		)	53,020		(1,096		)
Residential & multi-family mortgage	106,762		(2,196		)	62,880		(3,213		)	169,642		(5,409		)
Corporate notes & bonds	5,229		(29		)	4,676		(324		)	9,905		(353		)
Pooled SBA	7,326		(106		)	19,377		(1,206		)	26,703		(1,312		)
Other	—		—			926		(94		)	926		(94		)
	$	227,455	$	(3,684	)	$	165,977	$	(7,283	)	$	393,432	$	(10,967	)

December 31, 2017



	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. gov’t sponsored entities	$	55,696	$	(540	)	$	34,754	$	(368	)	$	90,450	$	(908	)
State & political subdivisions	15,890		(69		)	4,104		(245		)	19,994		(314		)
Residential and multi-family mortgage	30,144		(153		)	63,699		(1,729		)	93,843		(1,882		)
Corporate notes & bonds	5,005		(9		)	9,042		(453		)	14,047		(462		)
Pooled SBA	—		—			22,270		(575		)	22,270		(575		)
Other	—		—			962		(58		)	962		(58		)
	$	106,735	$	(771	)	$	134,831	$	(3,428	)	$	241,566	$	(4,199	)

Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses

A roll-forward of the other-than-temporary impairment amount related to credit losses for the three and nine months ended September 30, 2018 and 2017 is as follows:



	2018		2017
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period	$	—	$	2,071
Credit losses previously recognized on securities sold during the period	—		(2,071		)
Additional credit loss for which other-than-temporary impairment was not previously recognized	—		—
Additional credit loss for which other-than-temporary impairment was previously recognized	—		—
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period	$	—	$	—

Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities

The following is a schedule of the contractual maturity of securities available for sale, at September 30, 2018:



	Amortized Cost		Fair Value
1 year or less	$	58,844	$	58,554
1 year – 5 years	164,854		163,471
5 years – 10 years	70,767		70,223
After 10 years	3,775		3,692
	298,240		295,940
Residential and multi-family mortgage	199,968		194,635
Pooled SBA	32,079		30,833
Other securities	1,020		926
Total securities	$	531,307	$	522,334