Securities (Tables)

9 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Securities available for sale at September 30, 2019 and December 31, 2018 are as follows:



	September 30, 2019									December 31, 2018
	Amortized		Unrealized					Fair		Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
U.S. Gov’t sponsored entities	$	135,215	$	3,620	$	(67	)	$	138,768	$	134,010	$	254	$	(1,570	)	$	132,694
State & political subdivisions	111,468		3,687		(91		)	115,064		134,662		1,942		(573		)	136,031
Residential & multi-family mortgage	236,241		5,362		(637		)	240,966		209,126		500		(3,573		)	206,053
Corporate notes & bonds	7,350		14		(361		)	7,003		12,356		22		(601		)	11,777
Pooled SBA	26,810		361		(70		)	27,101		30,163		135		(924		)	29,374
Other	1,020		0		(55		)	965		1,020		0		(86		)	934
Total	$	518,104	$	13,044	$	(1,281	)	$	529,867	$	521,337	$	2,853	$	(7,327	)	$	516,863

Trading Securities

Trading securities at September 30, 2019 and December 31, 2018 are as follows:



	September 30, 2019		December 31, 2018
Corporate equity securities	$	7,259	$	5,828
Mutual funds	911		1,058
Certificates of deposit	210		268
Corporate notes and bonds	657		581
U.S. Government sponsored entities	51		51
Total	$	9,088	$	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 September 30, 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:

September 30, 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	$	9,045	$	(7	)	$	23,954	$	(60	)	$	32,999	$	(67	)
State & political subdivisions	0		0			714		(91		)	714		(91		)
Residential & multi-family mortgage	15,527		(67		)	35,984		(570		)	51,511		(637		)
Corporate notes & bonds	0		0			4,639		(361		)	4,639		(361		)
Pooled SBA	9,118		(20		)	6,576		(50		)	15,694		(70		)
Other	0		0			965		(55		)	965		(55		)
	$	33,690	$	(94	)	$	72,832	$	(1,187	)	$	106,522	$	(1,281	)

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	)	$	85,462	$	(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	)	$	308,925	$	(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 September 30, 2019	$	0	$	0	$	0
Three months ended September 30, 2018	$	0	$	0	$	0
Nine months ended September 30, 2019	$	11,403	$	152	$	4
Nine months ended September 30, 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 at September 30, 2019:



	Amortized Cost		Fair Value
1 year or less	$	71,463	$	71,468
1 year – 5 years	108,190		110,168
5 years – 10 years	68,636		73,242
After 10 years	5,744		5,957
	254,033		260,835
Residential and multi-family mortgage	236,241		240,966
Pooled SBA	26,810		27,101
Other	1,020		965
Total debt securities	$	518,104	$	529,867