Securities (Tables)

9 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

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