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INVESTMENT SECURITIES (Tables) | 3 Months Ended
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Mar. 31, 2021
Investments Securities [Abstract] |
Schedule of amortized cost and related market value of investment securities available-for-sale | NOTE 2 – INVESTMENT SECURITIES Investment Portfolio Composition . The following table summarizes the amortized cost and related market value of investment securities available-for-sale and securities held -to-maturity and the corresponding amounts of gross unrealized gains and losses. March 31, 2021 December 31, 2020 Amortized Unrealized Unrealized Market Amortized Unrealized Unrealized Market Cost Gains Losses Value Cost Gain Losses Value Available for Sale U.S. Government Treasury $ 173,029 $ 551 $ 464 $ 173,116 $ 103,547 $ 972 $ - $ 104,519 U.S. Government Agency 220,018 2,096 584 221,530 205,972 2,743 184 208,531 States and Political Subdivisions 4,244 73 9 4,308 3,543 89 - 3,632 Mortgage-Backed Securities 440 56 - 496 456 59 - 515 Equity Securities (1) 6,795 - - 6,795 7,673 - - 7,673 Total $ 404,526 $ 2,776 $ 1,057 $ 406,245 $ 321,191 $ 3,863 $ 184 $ 324,870 Held to Maturity U.S. Government Treasury $ - $ - $ - $ - $ 5,001 $ 13 $ - $ 5,014 Mortgage-Backed Securities 199,109 5,358 309 204,158 164,938 5,223 - 170,161 Total $ 199,109 $ 5,358 $ 309 $ 204,158 $ 169,939 $ 5,236 $ - $ 175,175 Total Investment Securities $ 603,635 $ 8,134 $ 1,366 $ 610,403 $ 491,130 $ 9,099 $ 184 $ 500,045 (1) Includes Federal Home Loan Bank and Federal Reserve Bank stock, recorded at cost of $ 2.0 million and $ 4.8 million, respectively, at March 31, 2021 and includes Federal Home Loan Bank and Federal Reserve Bank stock recorded at cost of $ 2.9 million and $ 4.8 million, respectively, at December 31, 2020.
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 $ 77,464 $ 77,741 $ - $ - Due after one year through five years 138,352 137,981 - - Due after five year through ten years 989 989 - - Mortgage-Backed Securities 440 496 199,109 204,158 U.S. Government Agency 180,486 182,243 - - Equity Securities 6,795 6,795 - - Total $ 404,526 $ 406,245 $ 199,109 $ 204,158
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, 2021 Available for Sale U.S. Government Treasury $ 65,577 $ 464 $ - $ - $ 65,577 $ 464 U.S. Government Agency 63,630 554 4,778 30 68,408 584 States and Political Subdivisions 744 9 - - 744 9 Total 129,951 1,027 4,778 30 134,729 1,057 Held to Maturity Mortgage-Backed Securities 20,550 309 - - 20,550 309 Total $ 20,550 $ 309 $ - $ - $ 20,550 $ 309 December 31, 2020 Available for Sale U.S. Government Agency $ 28,266 $ 156 $ 4,670 $ 28 $ 32,936 $ 184 Total $ 28,266 $ 156 $ 4,670 $ 28 $ 32,936 $ 184

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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 No definition available. + Details
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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 No definition available. + Details
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- References No definition available. + Details
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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=121645371&loc=d3e27290-111563 + Details
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