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SECURITIES AVAILABLE FOR SALE (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of AFS Securities

At March 31, 2019 and December 31, 2018, all investment securities were classified as AFS. The following table summarizes amortized cost and fair value of AFS securities, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI, at March 31, 2019 and December 31, 2018. 

(Dollars in thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
March 31, 2019
States and political subdivisions			$	149,618					$	4,399					$	114					$	153,903
GSE residential CMOs			74,298						599						1,896						73,001
Private label residential CMOs			17						0						0						17
Private label commercial CMOs			77,603						111						595						77,119
Asset-backed and other			187,660						210						1,689						186,181
Totals			$	489,196					$	5,319					$	4,294					$	490,221
December 31, 2018
States and political subdivisions			$	144,596					$	1,919					$	1,511					$	145,004
GSE residential CMOs			110,421						332						2,689						108,064
Private label residential CMOs			144						0						1						143
Private label commercial CMOs			75,911						55						921						75,045
Asset-backed and other			138,535						126						1,073						137,588
Totals			$	469,607					$	2,432					$	6,195					$	465,844

Summary of AFS Securities with Unrealized Losses

The following table summarizes AFS securities with unrealized losses at March 31, 2019 and December 31, 2018, 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, 2019
States and political subdivisions			1						$	10,235					$	7					4						$	20,998					$	107					5						$	31,233					$	114
GSE residential CMOs			0						0						0						6						45,889						1,896						6						45,889						1,896
Private label commercial CMOs			12						57,500						421						2						11,062						174						14						68,562						595
Asset-backed and other			9						132,643						1,189						4						28,114						500						13						160,757						1,689
Totals			22						$	200,378					$	1,617					16						$	106,063					$	2,677					38						$	306,441					$	4,294
December 31, 2018
States and political subdivisions			27						$	46,585					$	662					6						$	23,036					$	849					33						$	69,621					$	1,511
GSE residential CMOs			1						18,037						122						7						46,168						2,567						8						64,205						2,689
Private label residential CMOs			1						143						1						0						0						0						1						143						1
Private label commercial CMOs			11						56,499						712						2						6,349						209						13						62,848						921
Asset-backed and other			6						78,900						859						3						10,808						214						9						89,708						1,073
Totals			46						$	200,164					$	2,356					18						$	86,361					$	3,839					64						$	286,525					$	6,195

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 by contractual maturity at March 31, 2019. 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 in one year or less			$	600					$	600
Due after one year through five years			956						956
Due after five years through ten years			29,325						29,786
Due after ten years			118,737						122,561
CMOs			151,918						150,137
Asset-backed and other			187,660						186,181
			$	489,196					$	490,221

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 months ended March 31, 2019 and 2018.

															Three months ended March 31,
(Dollars in thousands)															2019						2018
Proceeds from sale of AFS securities															$	59,464					$	62,577
Gross gains															519						841
Gross losses															180						25

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-Section 50
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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).

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