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Securities (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available-for-sale at December 31, 2019 and 2018 are as follows:
| December 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 | $ | 124,189 |  |  | $ | 2,924 |  |  | $ | (19 | ) |  | $ | 127,094 |  |  | $ | 134,010 |  |  | $ | 254 |  |  | $ | (1,570 | ) |  | $ | 132,694 |
State & political subdivisions | 101,177 |  |  | 3,288 |  |  | (102 | ) |  | 104,363 |  |  | 134,662 |  |  | 1,942 |  |  | (573 | ) |  | 136,031 |
Residential & multi-family mortgage | 273,404 |  |  | 4,117 |  |  | (885 | ) |  | 276,636 |  |  | 209,126 |  |  | 500 |  |  | (3,573 | ) |  | 206,053 |
Corporate notes & bonds | 8,350 |  |  | 14 |  |  | (282 | ) |  | 8,082 |  |  | 12,356 |  |  | 22 |  |  | (601 | ) |  | 11,777 |
Pooled SBA | 25,063 |  |  | 274 |  |  | (163 | ) |  | 25,174 |  |  | 30,163 |  |  | 135 |  |  | (924 | ) |  | 29,374 |
Other | 1,020 |  |  | 0 |  |  | (56 | ) |  | 964 |  |  | 1,020 |  |  | 0 |  |  | (86 | ) |  | 934 |
Total | $ | 533,203 |  |  | $ | 10,617 |  |  | $ | (1,507 | ) |  | $ | 542,313 |  |  | $ | 521,337 |  |  | $ | 2,853 |  |  | $ | (7,327 | ) |  | $ | 516,863 |
Information pertaining to security sales is as follows:
Year ended December 31 | Proceeds |  | Gross Gains |  | Gross Losses
2019 | $ | 11,403 |  |  | $ | 152 |  |  | $ | 4 |
2018 | 0 |  |  | 0 |  |  | 0 |
2017 | 16,340 |  |  | 1,614 |  |  | 71 |
Trading Securities | Trading securities at December 31, 2019 and 2018 are as follows:
| 2019 |  | 2018
Corporate equity securities | $ | 7,946 |  |  | $ | 5,828 |
Mutual Funds | 807 |  |  | 1,058 |
Certificates of deposit | 350 |  |  | 268 |
Corporate notes and bonds | 655 |  |  | 581 |
U.S. Government sponsored entities | 51 |  |  | 51 |
Total | $ | 9,809 |  |  | $ | 7,786 |
Securities with Unrealized Loss Position | Securities with unrealized losses at December 31, 2019 and 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:
December 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 | $ | 7,040 |  |  | $ | (3 | ) |  | $ | 14,989 |  |  | $ | (16 | ) |  | $ | 22,029 |  |  | $ | (19 | )
State & political subdivisions | 826 |  |  | (5 | ) |  | 684 |  |  | (97 | ) |  | 1,510 |  |  | (102 | )
Residential & multi-family mortgage | 41,841 |  |  | (346 | ) |  | 32,555 |  |  | (539 | ) |  | 74,396 |  |  | (885 | )
Corporate notes & bonds | 0 |  |  | 0 |  |  | 4,718 |  |  | (282 | ) |  | 4,718 |  |  | (282 | )
Pooled SBA | 8,560 |  |  | (80 | ) |  | 6,075 |  |  | (83 | ) |  | 14,635 |  |  | (163 | )
Other | 0 |  |  | 0 |  |  | 964 |  |  | (56 | ) |  | 964 |  |  | (56 | )
| $ | 58,267 |  |  | $ | (434 | ) |  | $ | 59,985 |  |  | $ | (1,073 | ) |  | $ | 118,252 |  |  | $ | (1,507 | )
December 31, 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 | 14,786 |  |  | (41 | ) |  | 70,676 |  |  | (1,529 | ) |  | 85,462 |  |  | (1,570 | )
State & political subdivisions | 13,834 |  |  | (62 | ) |  | 21,080 |  |  | (511 | ) |  | 34,914 |  |  | (573 | )
Residential and 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 | )
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 years ended December 31, 2019, 2018, and 2017 is as follows:
| 2019 |  | 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 | $ | 0 |  |  | $ | 0 |  |  | $ | 2,071 |
Credit losses previously recognized on securities sold during the period | 0 |  |  | 0 |  |  | (2,071 | )
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 |  |  | 0 |  |  | 0 |
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 |  |  | 0 |  |  | 0 |
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period | $ | 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 other securities, at December 31, 2019:
| December 31, 2019
| Amortized Cost |  | Fair Value
1 year or less | $ | 59,815 |  |  | $ | 59,831 |
1 year – 5 years | 104,134 |  |  | 106,084 |
5 years – 10 years | 66,534 |  |  | 70,191 |
After 10 years | 4,253 |  |  | 4,397 |
| 234,736 |  |  | 240,503 |
Residential and multi-family mortgage | 273,404 |  |  | 276,636 |
Pooled SBA | 25,063 |  |  | 25,174 |
Total debt securities | $ | 533,203 |  |  | $ | 542,313 |

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