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Securities (Tables) | 9 Months Ended
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Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Securities available for sale at September 30, 2021 and December 31, 2020 are as follows:
| September 30, 2021 |  | December 31, 2020
| Amortized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Gov’t sponsored entities | $ | 147,445 |  |  | $ | 4,301 |  |  | $ | (1,170) |  |  | $ | 150,576 |  |  | $ | 150,404 |  |  | $ | 6,698 |  |  | $ | (60) |  |  | $ | 157,042 |
State & political subdivisions | 107,856 |  |  | 2,194 |  |  | (1,219) |  |  | 108,831 |  |  | 67,819 |  |  | 3,186 |  |  | (122) |  |  | 70,883 |
Residential & multi-family mortgage | 427,675 |  |  | 5,765 |  |  | (4,631) |  |  | 428,809 |  |  | 306,054 |  |  | 9,276 |  |  | (138) |  |  | 315,192 |
Corporate notes & bonds | 23,426 |  |  | 92 |  |  | (279) |  |  | 23,239 |  |  | 15,221 |  |  | 105 |  |  | (400) |  |  | 14,926 |
Pooled SBA | 20,803 |  |  | 546 |  |  | (11) |  |  | 21,338 |  |  | 24,975 |  |  | 912 |  |  | (1) |  |  | 25,886 |
Other | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,020 |  |  | 0 |  |  | (41) |  |  | 979 |
Total | $ | 727,205 |  |  | $ | 12,898 |  |  | $ | (7,310) |  |  | $ | 732,793 |  |  | $ | 565,493 |  |  | $ | 20,177 |  |  | $ | (762) |  |  | $ | 584,908 |
Information pertaining to security sales on available for sale securities is as follows:
| Proceeds |  | Gross Gains |  | Gross Losses
Three months ended September 30, 2021 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Three months ended September 30, 2020 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Nine months ended September 30, 2021 | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Nine months ended September 30, 2020 | $ | 57,185 |  |  | $ | 2,257 |  |  | $ | 67 |
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, 2021:
| Amortized Cost |  | Fair Value
1 year or less | $ | 27,799 |  |  | $ | 27,993 |
1 year – 5 years | 101,918 |  |  | 104,449 |
5 years – 10 years | 139,493 |  |  | 140,640 |
After 10 years | 9,517 |  |  | 9,564 |
| 278,727 |  |  | 282,646 |
Residential & multi-family mortgage | 427,675 |  |  | 428,809 |
Pooled SBA | 20,803 |  |  | 21,338 |
Total debt securities | $ | 727,205 |  |  | $ | 732,793 |
Securities with Unrealized Loss Position | Securities with unrealized losses at September 30, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: September 30, 2021
| 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 | $ | 42,009 |  |  | $ | (849) |  |  | $ | 19,722 |  |  | $ | (321) |  |  | $ | 61,731 |  |  | $ | (1,170) |
State & political subdivisions | 47,042 |  |  | (1,102) |  |  | 2,136 |  |  | (117) |  |  | 49,178 |  |  | (1,219) |
Residential & multi-family mortgage | 231,371 |  |  | (4,081) |  |  | 19,024 |  |  | (550) |  |  | 250,395 |  |  | (4,631) |
Corporate notes & bonds | 3,164 |  |  | (102) |  |  | 3,823 |  |  | (177) |  |  | 6,987 |  |  | (279) |
Pooled SBA | 2,461 |  |  | (11) |  |  | 162 |  |  | 0 |  |  | 2,623 |  |  | (11) |
| $ | 326,047 |  |  | $ | (6,145) |  |  | $ | 44,867 |  |  | $ | (1,165) |  |  | $ | 370,914 |  |  | $ | (7,310) |
December 31, 2020
| 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 | $ | 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) |
Trading Securities | Trading securities at September 30, 2021 and December 31, 2020 are as follows:
| September 30, 2021 |  | December 31, 2020
Corporate equity securities | $ | 6,451 |  |  | $ | 4,343 |
Mutual funds | 2,607 |  |  | 1,283 |
Certificates of deposit | 296 |  |  | 404 |
Corporate notes and bonds | 587 |  |  | 569 |
U.S. Government sponsored entities | 0 |  |  | 50 |
Total | $ | 9,941 |  |  | $ | 6,649 |

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