XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.20.4

Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available-for-sale at December 31, 2020 and December 31, 2019 are as follows:
| December 31, 2020 |  | December 31, 2019
| Amortized |  | Gross Unrealized |  |  |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  |  |  | Value | Cost | Gains |  | Losses |  | Value
U.S. Gov’t sponsored entities | $ | 150,404 |  |  | $ | 6,698 |  |  | $ | (60) |  |  |  |  | $ | 157,042 |  |  | $ | 124,189 |  |  | $ | 2,924 |  |  | $ | (19) |  |  | $ | 127,094 |
State & political subdivisions | 67,819 |  |  | 3,186 |  |  | (122) |  |  |  |  | 70,883 |  |  | 101,177 |  |  | 3,288 |  |  | (102) |  |  | 104,363 |
Residential & multi-family mortgage | 306,054 |  |  | 9,276 |  |  | (138) |  |  |  |  | 315,192 |  |  | 273,404 |  |  | 4,117 |  |  | (885) |  |  | 276,636 |
Corporate notes & bonds | 15,221 |  |  | 105 |  |  | (400) |  |  |  |  | 14,926 |  |  | 8,350 |  |  | 14 |  |  | (282) |  |  | 8,082 |
Pooled SBA | 24,975 |  |  | 912 |  |  | (1) |  |  |  |  | 25,886 |  |  | 25,063 |  |  | 274 |  |  | (163) |  |  | 25,174 |
Other | 1,020 |  |  | 0 |  |  | (41) |  |  |  |  | 979 |  |  | 1,020 |  |  | 0 |  |  | (56) |  |  | 964 |
Total | $ | 565,493 |  |  | $ | 20,177 |  |  | $ | (762) |  |  |  |  | $ | 584,908 |  |  | $ | 533,203 |  |  | $ | 10,617 |  |  | $ | (1,507) |  |  | $ | 542,313 |
Information pertaining to security sales is as follows:
Year ended December 31 | Proceeds |  | Gross Gains |  | Gross Losses
2020 | $ | 57,185 |  |  | $ | 2,257 |  |  | $ | 67 |
2019 | 11,403 |  |  | 152 |  |  | 4 |
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, excluding other securities, at December 31, 2020:
| December 31, 2020
| Amortized Cost |  | Fair Value
1 year or less | $ | 53,144 |  |  | $ | 53,448 |
1 year – 5 years | 109,071 |  |  | 112,643 |
5 years – 10 years | 61,604 |  |  | 66,743 |
After 10 years | 10,645 |  |  | 10,996 |
| 234,464 |  |  | 243,830 |
Residential and multi-family mortgage | 306,054 |  |  | 315,192 |
Pooled SBA | 24,975 |  |  | 25,886 |
Total debt securities | $ | 565,493 |  |  | $ | 584,908 |
Securities with Unrealized Loss Position | Securities with unrealized losses at December 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:
December 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 | $ | 24,991 |  |  | $ | (60) |  |  | 0 |  |  | 0 |  |  | $ | 24,991 |  |  | $ | (60) |
State & political subdivisions | 3,854 |  |  | (19) |  |  | 164 |  |  | (103) |  |  | 4,018 |  |  | (122) |
Residential & multi-family mortgage | 44,092 |  |  | (119) |  |  | 3,277 |  |  | (19) |  |  | 47,369 |  |  | (138) |
Corporate notes & bonds | 0 |  |  | 0 |  |  | 4,545 |  |  | (400) |  |  | 4,545 |  |  | (400) |
Pooled SBA | 525 |  |  | (1) |  |  | 0 |  |  | 0 |  |  | 525 |  |  | (1) |
Other | 0 |  |  | 0 |  |  | 979 |  |  | (41) |  |  | 979 |  |  | (41) |
| $ | 73,462 |  |  | $ | (199) |  |  | $ | 8,965 |  |  | $ | (563) |  |  | $ | 82,427 |  |  | $ | (762) |
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 and 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) |
Trading Securities | Trading securities at December 31, 2020 and December 31, 2019 are as follows:
| December 31, 2020 |  | December 31, 2019
Corporate equity securities | $ | 4,343 |  |  | $ | 7,946 |
Mutual funds | 1,283 |  |  | 807 |
Money market | 404 |  |  | 350 |
Corporate notes and bonds | 569 |  |  | 655 |
U.S. Government sponsored entities | 50 |  |  | 51 |
Total | $ | 6,649 |  |  | $ | 9,809 |

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 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration