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Securities (Tables) | 3 Months Ended
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Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available for sale at March 31, 2020 and December 31, 2019 are as follows:
| March 31, 2020 |  | December 31, 2019
| Amortized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Gov’t sponsored entities | $ | 119,158 |  |  | $ | 6,908 |  |  | $ | 0 |  |  | $ | 126,066 |  |  | $ | 124,189 |  |  | $ | 2,924 |  |  | $ | (19 | ) |  | $ | 127,094 |
State & political subdivisions | 99,926 |  |  | 3,664 |  |  | (298 | ) |  | 103,292 |  |  | 101,177 |  |  | 3,288 |  |  | (102 | ) |  | 104,363 |
Residential & multi-family mortgage | 295,695 |  |  | 12,052 |  |  | (227 | ) |  | 307,520 |  |  | 273,404 |  |  | 4,117 |  |  | (885 | ) |  | 276,636 |
Corporate notes & bonds | 8,350 |  |  | 12 |  |  | (740 | ) |  | 7,622 |  |  | 8,350 |  |  | 14 |  |  | (282 | ) |  | 8,082 |
Pooled SBA | 24,168 |  |  | 933 |  |  | 0 |  |  | 25,101 |  |  | 25,063 |  |  | 274 |  |  | (163 | ) |  | 25,174 |
Other | 1,020 |  |  | 0 |  |  | (39 | ) |  | 981 |  |  | 1,020 |  |  | 0 |  |  | (56 | ) |  | 964 |
Total | $ | 548,317 |  |  | $ | 23,569 |  |  | $ | (1,304 | ) |  | $ | 570,582 |  |  | $ | 533,203 |  |  | $ | 10,617 |  |  | $ | (1,507 | ) |  | $ | 542,313 |
Trading Securities | Trading securities at March 31, 2020 and December 31, 2019 are as follows:
| March 31, 2020 |  | December 31, 2019
Corporate equity securities | $ | 3,699 |  |  | $ | 7,946 |
Mutual funds | 487 |  |  | 807 |
Certificates of deposit | 614 |  |  | 350 |
Corporate notes and bonds | 655 |  |  | 655 |
U.S. Government sponsored entities | 52 |  |  | 51 |
Total | $ | 5,507 |  |  | $ | 9,809 |
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, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: March 31, 2020
| 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 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
State & political subdivisions | 3,761 |  |  | (111 | ) |  | 682 |  |  | (187 | ) |  | 4,443 |  |  | (298 | )
Residential & multi-family mortgage | 2,382 |  |  | (63 | ) |  | 2,822 |  |  | (164 | ) |  | 5,204 |  |  | (227 | )
Corporate notes & bonds | 0 |  |  | 0 |  |  | 4,848 |  |  | (740 | ) |  | 4,848 |  |  | (740 | )
Pooled SBA | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Other | 0 |  |  | 0 |  |  | 981 |  |  | (39 | ) |  | 981 |  |  | (39 | )
| $ | 6,143 |  |  | $ | (174 | ) |  | $ | 9,333 |  |  | $ | (1,130 | ) |  | $ | 15,476 |  |  | $ | (1,304 | )
December 31, 2019
| 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 | $ | 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 | )
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, 2020 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Three months ended March 31, 2019 | $ | 11,403 |  |  | $ | 152 |  |  | $ | 4 |
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 March 31, 2020:
| Amortized Cost |  | Fair Value
1 year or less | $ | 64,728 |  |  | $ | 64,979 |
1 year – 5 years | 90,138 |  |  | 93,743 |
5 years – 10 years | 65,049 |  |  | 70,592 |
After 10 years | 7,519 |  |  | 7,666 |
| 227,434 |  |  | 236,980 |
Residential & multi-family mortgage | 295,695 |  |  | 307,520 |
Pooled SBA | 24,168 |  |  | 25,101 |
Other | 1,020 |  |  | 981 |
Total debt securities | $ | 548,317 |  |  | $ | 570,582 |

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