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Securities (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available for sale at June 30, 2020 and December 31, 2019 are as follows:
| June 30, 2020 |  |  |  |  |  |  |  | December 31, 2019 |  |  |  |  |  |
| Amortized |  | Unrealized |  |  |  | Fair |  | Amortized |  | Unrealized |  |  |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Gov’t sponsored entities | $ | 139,125 |  |  | $ | 7,521 |  |  | $ | (27) |  |  | $ | 146,619 |  |  | $ | 124,189 |  |  | $ | 2,924 |  |  | $ | (19) |  |  | $ | 127,094 |
State & political subdivisions | 61,339 |  |  | 3,035 |  |  | (183) |  |  | 64,191 |  |  | 101,177 |  |  | 3,288 |  |  | (102) |  |  | 104,363 |
Residential & multi-family mortgage | 293,605 |  |  | 11,804 |  |  | (638) |  |  | 304,771 |  |  | 273,404 |  |  | 4,117 |  |  | (885) |  |  | 276,636 |
Corporate notes & bonds | 9,850 |  |  | 13 |  |  | (691) |  |  | 9,172 |  |  | 8,350 |  |  | 14 |  |  | (282) |  |  | 8,082 |
Pooled SBA | 22,397 |  |  | 961 |  |  | 0 |  |  | 23,358 |  |  | 25,063 |  |  | 274 |  |  | (163) |  |  | 25,174 |
Other | 1,020 |  |  | 0 |  |  | (37) |  |  | 983 |  |  | 1,020 |  |  | 0 |  |  | (56) |  |  | 964 |
Total | $ | 527,336 |  |  | $ | 23,334 |  |  | $ | (1,576) |  |  | $ | 549,094 |  |  | $ | 533,203 |  |  | $ | 10,617 |  |  | $ | (1,507) |  |  | $ | 542,313 |
Trading Securities | Trading securities at June 30, 2020 and December 31, 2019 are as follows:
| June 30, 2020 |  | December 31, 2019
Corporate equity securities | $ | 3,847 |  |  | $ | 7,946 |
Mutual funds | 994 |  |  | 807 |
Certificates of deposit | 322 |  |  | 350 |
Corporate notes and bonds | 675 |  |  | 655 |
U.S. Government sponsored entities | 51 |  |  | 51 |
Total | $ | 5,889 |  |  | $ | 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 June 30, 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: June 30, 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 | $ | 9,973 |  |  | $ | (27) |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 9,973 |  |  | $ | (27) |
State & political subdivisions | 492 |  |  | (10) |  |  | 677 |  |  | (173) |  |  | 1,169 |  |  | (183) |
Residential & multi-family mortgage | 12,824 |  |  | (53) |  |  | 4,444 |  |  | (585) |  |  | 17,268 |  |  | (638) |
Corporate notes & bonds | 0 |  |  | 0 |  |  | 4,313 |  |  | (691) |  |  | 4,313 |  |  | (691) |
Pooled SBA | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Other | 0 |  |  | 0 |  |  | 983 |  |  | (37) |  |  | 983 |  |  | (37) |
| $ | 23,289 |  |  | $ | (90) |  |  | $ | 10,417 |  |  | $ | (1,486) |  |  | $ | 33,706 |  |  | $ | (1,576) |
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) |
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 June 30, 2020:
| Amortized Cost |  | Fair Value
1 year or less | $ | 53,898 |  |  | $ | 54,102 |
1 year – 5 years | 85,070 |  |  | 89,212 |
5 years – 10 years | 65,052 |  |  | 70,171 |
After 10 years | 6,294 |  |  | 6,497 |
| 210,314 |  |  | 219,982 |
Residential & multi-family mortgage | 293,605 |  |  | 304,771 |
Pooled SBA | 22,397 |  |  | 23,358 |
Other | 1,020 |  |  | 983 |
Total debt securities | $ | 527,336 |  |  | $ | 549,094 |
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 June 30, 2020 | $ | 57,185 |  |  | $ | 2,257 |  |  | $ | 67 |
Three months ended June 30, 2019 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Six months ended June 30, 2020 | $ | 57,185 |  |  | $ | 2,257 |  |  | $ | 67 |
Six months ended June 30, 2019 | $ | 11,403 |  |  | $ | 152 |  |  | $ | 4 |

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