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INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and related market value of investment securities available-for-sale

Investment Portfolio Composition. The amortized cost and related market value of investment securities available-for-sale and
held-to-maturity were as follows:
	March 31, 2019													December 31, 2018
	Amortized			Unrealized			Unrealized			Market			Amortized			Unrealized			Unrealized			Market
	Cost			Gains			Losses			Value			Cost			Gain			Losses			Value
Available for Sale
U.S. Government Treasury	$	254,265		$	364		$	1,688		$	252,941		$	264,298		$	167		$	2,616		$	261,849
U.S. Government Agency		133,566			495			468			133,593			133,201			520			515			133,206
States and Political Subdivisions		33,900			3			47			33,856			42,509			-			144			42,365
Mortgage-Backed Securities		736			43			-			779			903			40			-			943
Equity Securities(1)		7,847			-			-			7,847			7,794			-			-			7,794
Total	$	430,314		$	905		$	2,203		$	429,016		$	448,705		$	727		$	3,275		$	446,157
Held to Maturity
U.S. Government Treasury	$	35,076		$	-		$	311		$	34,765		$	35,088		$	-		$	477		$	34,611
States and Political Subdivisions		5,960			-			10			5,950			6,512			-			26			6,486
Mortgage-Backed Securities		185,143			668			1,209			184,602			175,720			220			2,624			173,316
Total	$	226,179		$	668		$	1,530		$	225,317		$	217,320		$	220		$	3,127		$	214,413
Total Investment Securities	$	656,493		$	1,573		$	3,733		$	654,333		$	666,025		$	947		$	6,402		$	660,570

Schedule of investment securities with maturity distribution based on contractual maturities

	Available for Sale						Held to Maturity
(Dollars in Thousands)	Amortized Cost			Market Value			Amortized Cost			Market Value
Due in one year or less	$	131,777		$	131,011		$	20,620		$	20,516
Due after one year through five years		172,196			171,513			20,416			20,199
Mortgage-Backed Securities		736			779			185,143			184,602
U.S. Government Agency		117,758			117,866			-			-
Equity Securities		7,847			7,847			-			-
Total	$	430,314		$	429,016		$	226,179		$	225,317

Schedule of investment securities with continuous unrealized loss position

	Less Than						Greater Than
	12 Months						12 Months						Total
	Market			Unrealized			Market			Unrealized			Market			Unrealized
(Dollars in Thousands)	Value			Losses			Value			Losses			Value			Losses
March 31, 2019
Available for Sale
U.S. Government Treasury	$	-		$	-		$	197,921		$	1,688		$	197,921		$	1,688
U.S. Government Agency		35,901			238			39,054			230			74,955			468
States and Political Subdivisions		4,148			1			22,769			46			26,917			47
Mortgage-Backed Securities		9			-			-			-			9			-
Total		40,058			239			259,744			1,964			299,802			2,203
Held to Maturity
U.S. Government Treasury		-			-			34,766			311			34,766			311
States and Political Subdivisions		203			-			5,747			10			5,950			10
Mortgage-Backed Securities		10,210			82			85,679			1,127			95,889			1,209
Total	$	10,413		$	82		$	126,192		$	1,448		$	136,605		$	1,530
December 31, 2018
Available for Sale
U.S. Government Treasury	$	28,420		$	80		$	193,501		$	2,536		$	221,921		$	2,616
U.S. Government Agency		53,237			271			28,735			244			81,972			515
States and Political Subdivisions		8,243			12			31,417			132			39,660			144
Mortgage-Backed Securities		10			-			-			-			10			-
Total		89,910			363			253,653			2,912			343,563			3,275
Held to Maturity
U.S. Government Treasury		-			-			34,612			477			34,612			477
States and Political Subdivisions		204			-			6,281			26			6,485			26
Mortgage-Backed Securities		51,327			389			84,705			2,235			136,032			2,624
Total	$	51,531		$	389		$	125,598		$	2,738		$	177,129		$	3,127

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- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563

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