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SECURITIES AVAILABLE FOR SALE (Tables)
 3 Months Ended
Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Values of Investment Securities Available for Sale
The following table summarizes amortized cost and fair value of AFS securities at March 31, 2018 and December 31, 2017, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI. At March 31, 2018 and December 31, 2017, all investment securities were classified as AFS.
(Dollars in thousands)
Amortized Cost

Gross Unrealized
Gains

Gross Unrealized
Losses

Fair Value
March 31, 2018







States and political subdivisions
$
181,682

 
$
2,755

 
$
1,644

 
$
182,793

GSE residential CMOs
120,291

 
156

 
3,492

 
116,955

Private label residential CMOs
849

 
4

 
0

 
853

Private label commercial CMOs
12,914

 
0

 
225

 
12,689

Asset-backed and other
141,897

 
164

 
551

 
141,510

Totals
$
457,633

 
$
3,079

 
$
5,912

 
$
454,800

December 31, 2017
 
 
 
 
 
 
 
States and political subdivisions
$
153,803

 
$
6,133

 
$
478

 
$
159,458

GSE residential MBSs
48,600

 
930

 
0

 
49,530

GSE residential CMOs
113,658

 
296

 
2,835

 
111,119

Private label residential CMOs
999

 
4

 
0

 
1,003

Private label commercial CMOs
7,809

 
0

 
156

 
7,653

Asset-backed and other
86,837

 
133

 
425

 
86,545

Totals
$
411,706

 
$
7,496

 
$
3,894

 
$
415,308
Summary of AFS Securities with Unrealized Losses
The following table summarizes AFS securities with unrealized losses at March 31, 2018 and December 31, 2017, aggregated by major security type and length of time in a continuous unrealized loss position.
 
 
Less Than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
# of Securities
 
Fair Value
 
Unrealized
Losses
 
# of Securities
 
Fair Value
 
Unrealized
Losses
 
# of Securities
 
Fair Value
 
Unrealized
Losses
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
27
 
$
56,735

 
$
1,500

 
1
 
$
5,434

 
$
144

 
28
 
$
62,169

 
$
1,644

GSE residential CMOs
3
 
50,240

 
1,074

 
6
 
36,768

 
2,418

 
9
 
87,008

 
3,492

Private label commercial CMOs
4
 
12,689

 
225

 
0
 
0

 
0

 
4
 
12,689

 
225

Asset-backed
6
 
70,290

 
551

 
0
 
0

 
0

 
6
 
70,290

 
551

Totals
40
 
$
189,954

 
$
3,350

 
7
 
$
42,202

 
$
2,562

 
47
 
$
232,156

 
$
5,912

December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
7
 
$
24,577

 
$
473

 
1
 
$
5,585

 
$
5

 
8
 
$
30,162

 
$
478

GSE residential CMOs
4
 
25,155

 
914

 
5
 
37,459

 
1,921

 
9
 
62,614

 
2,835

Private label commercial CMOs
2
 
7,653

 
156

 
0
 
0

 
0

 
2
 
7,653

 
156

Asset-backed
6
 
60,006

 
425

 
0
 
0

 
0

 
6
 
60,006

 
425

Totals
19
 
$
117,391

 
$
1,968

 
6
 
$
43,044

 
$
1,926

 
25
 
$
160,435

 
$
3,894
Schedule of Amortized Cost and Fair Values of Securities Available for Sale by Contractual Maturity
The following table summarizes amortized cost and fair value of AFS securities at March 31, 2018 by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
 
Available for Sale
(Dollars in thousands)
Amortized Cost
 
Fair Value
Due after one year through five years
$
9,852

 
$
9,990

Due after five years through ten years
51,527

 
51,672

Due after ten years
120,303

 
121,131

CMOs
134,054

 
130,497

Asset-backed and other
141,897

 
141,510

 
$
457,633

 
$
454,800
Proceeds From Sale of Available for Sale Securities
The following table summarizes proceeds from sales of AFS securities and gross gains and gross losses for the three months ended March 31, 2018 and 2017.
 
 
Three months ended March 31,
(Dollars in thousands)
 
2018
 
2017
Proceeds from sale of AFS securities
 
$
62,577

 
$
35,072

Gross gains
 
841

 
153

Gross losses
 
25

 
150