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v3.19.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available for sale at March 31, 2019 and December 31, 2018 are as follows:
| March 31, 2019 |  | December 31, 2018
| Amortized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Gov’t sponsored entities | $ | 129,993 |  |  | $ | 1,127 |  |  | $ | (745 | ) |  | $ | 130,375 |  |  | $ | 134,010 |  |  | $ | 254 |  |  | $ | (1,570 | ) |  | $ | 132,694 |
State & political subdivisions | 118,673 |  |  | 2,595 |  |  | (178 | ) |  | 121,090 |  |  | 134,662 |  |  | 1,942 |  |  | (573 | ) |  | 136,031 |
Residential & multi-family mortgage | 207,588 |  |  | 1,711 |  |  | (1,808 | ) |  | 207,491 |  |  | 209,126 |  |  | 500 |  |  | (3,573 | ) |  | 206,053 |
Corporate notes & bonds | 12,354 |  |  | 26 |  |  | (476 | ) |  | 11,904 |  |  | 12,356 |  |  | 22 |  |  | (601 | ) |  | 11,777 |
Pooled SBA | 29,186 |  |  | 196 |  |  | (581 | ) |  | 28,801 |  |  | 30,163 |  |  | 135 |  |  | (924 | ) |  | 29,374 |
Other | 1,020 |  |  | 0 |  |  | (73 | ) |  | 947 |  |  | 1,020 |  |  | 0 |  |  | (86 | ) |  | 934 |
Total | $ | 498,814 |  |  | $ | 5,655 |  |  | $ | (3,861 | ) |  | $ | 500,608 |  |  | $ | 521,337 |  |  | $ | 2,853 |  |  | $ | (7,327 | ) |  | $ | 516,863 |
Trading Securities | Trading securities at March 31, 2019 and December 31, 2018 are as follows:
| March 31, 2019 |  | December 31, 2018
Corporate equity securities | $ | 6,947 |  |  | $ | 5,828 |
Mutual funds | 871 |  |  | 1,058 |
Certificates of deposit | 179 |  |  | 268 |
Corporate notes and bonds | 594 |  |  | 581 |
U.S. Government sponsored entities | 51 |  |  | 51 |
Total | $ | 8,642 |  |  | $ | 7,786 |
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 March 31, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: March 31, 2019
| 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 | $ | 4,963 |  |  | $ | (2 | ) |  | $ | 69,440 |  |  | $ | (743 | ) |  | $ | 74,403 |  |  | $ | (745 | )
State & political subdivisions | 994 |  |  | (13 | ) |  | 10,389 |  |  | (165 | ) |  | 11,383 |  |  | (178 | )
Residential & multi-family mortgage | 3,186 |  |  | (10 | ) |  | 87,606 |  |  | (1,798 | ) |  | 90,792 |  |  | (1,808 | )
Corporate notes & bonds | 0 |  |  | 0 |  |  | 9,528 |  |  | (476 | ) |  | 9,528 |  |  | (476 | )
Pooled SBA | 0 |  |  | 0 |  |  | 19,035 |  |  | (581 | ) |  | 19,035 |  |  | (581 | )
Other | 0 |  |  | 0 |  |  | 947 |  |  | (73 | ) |  | 947 |  |  | (73 | )
| $ | 9,143 |  |  | $ | (25 | ) |  | $ | 196,945 |  |  | $ | (3,836 | ) |  | $ | 206,088 |  |  | $ | (3,861 | )
December 31, 2018
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Gov’t sponsored entities | $ | 14,786 |  |  | $ | (41 | ) |  | $ | 70,676 |  |  | $ | (1,529 | ) |  | $ | 86,462 |  |  | $ | (1,570 | )
State & political subdivisions | 13,834 |  |  | (62 | ) |  | 21,080 |  |  | (511 | ) |  | 34,914 |  |  | (573 | )
Residential & multi-family mortgage | 69,015 |  |  | (656 | ) |  | 87,286 |  |  | (2,917 | ) |  | 156,301 |  |  | (3,573 | )
Corporate notes & bonds | 0 |  |  | 0 |  |  | 9,759 |  |  | (601 | ) |  | 9,759 |  |  | (601 | )
Pooled SBA | 760 |  |  | (7 | ) |  | 20,795 |  |  | (917 | ) |  | 21,555 |  |  | (924 | )
Other | 0 |  |  | 0 |  |  | 934 |  |  | (86 | ) |  | 934 |  |  | (86 | )
| $ | 98,395 |  |  | $ | (766 | ) |  | $ | 210,530 |  |  | $ | (6,561 | ) |  | $ | 309,925 |  |  | $ | (7,327 | )
Information Pertaining to Security Sales | Information pertaining to security sales on available for sale securities is as follows:
| Proceeds |  | Gross Gains |  | Gross Losses
Three months ended March 31, 2019 | $ | 11,403 |  |  | $ | 152 |  |  | $ | 4 |
Three months ended March 31, 2018 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
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, excluding equity securities, at March 31, 2019:
| Amortized Cost |  | Fair Value
1 year or less | $ | 58,770 |  |  | $ | 58,412 |
1 year – 5 years | 131,226 |  |  | 131,749 |
5 years – 10 years | 65,503 |  |  | 67,547 |
After 10 years | 5,521 |  |  | 5,661 |
| 261,020 |  |  | 263,369 |
Residential and multi-family mortgage | 207,588 |  |  | 207,491 |
Pooled SBA | 29,186 |  |  | 28,801 |
Other | 1,020 |  |  | 947 |
Total debt securities | $ | 498,814 |  |  | $ | 500,608 |

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