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Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

Securities available for sale at September 30, 2020 and December 31, 2019 are as follows:

			September 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			$	162,450					$	7,358					$	(99)					$	169,709					$	124,189					$	2,924					$	(19)					$	127,094
State & political subdivisions			63,930						3,161						(139)						66,952						101,177						3,288						(102)						104,363
Residential & multi-family mortgage			296,689						9,967						(347)						306,309						273,404						4,117						(885)						276,636
Corporate notes & bonds			13,735						49						(382)						13,402						8,350						14						(282)						8,082
Pooled SBA			26,562						942						(1)						27,503						25,063						274						(163)						25,174
Other			1,020						0						(38)						982						1,020						0						(56)						964
Total			$	564,386					$	21,477					$	(1,006)					$	584,857					$	533,203					$	10,617					$	(1,507)					$	542,313

Trading Securities

Trading securities at September 30, 2020 and December 31, 2019 are as follows:

			September 30, 2020						December 31, 2019
Corporate equity securities			$	3,964					$	7,946
Mutual funds			1,060						807
Certificates of deposit			417						350
Corporate notes and bonds			672						655
U.S. Government sponsored entities			51						51
Total			$	6,164					$	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 September 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:

September 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			$	24,953					$	(99)					$	0					$	0					$	24,953					$	(99)
State & political subdivisions			2,664						(10)						684						(129)						3,348						(139)
Residential & multi-family mortgage			31,615						(323)						3,783						(24)						35,398						(347)
Corporate notes & bonds			271						(1)						4,528						(381)						4,799						(382)
Pooled SBA			179						(1)						0						0						179						(1)
Other			0						0						982						(38)						982						(38)
			$	59,682					$	(434)					$	9,977					$	(572)					$	69,659					$	(1,006)

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 September 30, 2020:

			Amortized Cost						Fair Value
1 year or less			$	52,808					$	53,170
1 year – 5 years			116,868						120,786
5 years – 10 years			62,300						67,633
After 10 years			8,139						8,474
			240,115						250,063
Residential & multi-family mortgage			296,689						306,309
Pooled SBA			26,562						27,503
Other			1,020						982
Total debt securities			$	564,386					$	584,857

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, 2020			$	0					$	0					$	0
Three months ended September 30, 2019			$	0					$	0					$	0
Nine months ended September 30, 2020			$	57,185					$	2,257					$	67
Nine months ended September 30, 2019			$	11,403					$	152					$	4

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-Section 50
-Paragraph 6
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

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