SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of AFS Securities

The following table summarizes amortized cost and fair value of AFS securities at June 30, 2018 and December 31, 2017, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI. At June 30, 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
June 30, 2018
States and political subdivisions	$	169,209	$	2,426	$	1,717	$	169,918
GSE residential CMOs	117,417		82		3,627		113,872
Private label residential CMOs	614		1		0		615
Private label commercial CMOs	18,694		0		290		18,404
Asset-backed and other	146,894		350		634		146,610
Totals	$	452,828	$	2,859	$	6,268	$	449,419
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 June 30, 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
June 30, 2018
States and political subdivisions	32	$	58,408	$	1,576	1	$	5,423	$	141	33	$	63,831	$	1,717
GSE residential CMOs	4	55,583		1,078		6	35,971		2,549		10	91,554		3,627
Private label commercial CMOs	5	18,404		290		0	0		0		5	18,404		290
Asset-backed and other	7	88,913		504		1	4,187		130		8	93,100		634
Totals	48	$	221,308	$	3,448	8	$	45,581	$	2,820	56	$	266,889	$	6,268
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 and other	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 AFS Securities by Contractual Maturity

The following table summarizes amortized cost and fair value of AFS securities at June 30, 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	$	9,834	$	9,901
Due after five years through ten years	47,999		47,944
Due after ten years	111,376		112,073
CMOs	136,725		132,891
Asset-backed and other	146,894		146,610
	$	452,828	$	449,419

Proceeds From Sale of AFS Securities and Gross Gains and Gross Losses

The following table summarizes proceeds from sales of AFS securities and gross gains and gross losses for the three and six months ended June 30, 2018 and 2017.



	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2018		2017		2018		2017
Proceeds from sale of AFS securities	$	25,533	$	23,581	$	88,110	$	58,653
Gross gains	211		654		1,052		807
Gross losses	165		0		190		150