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v3.20.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2020
Investment Securities |
Schedule of amortized cost of investment securities to estimated fair values |
|  | March 31, 2020
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Value
U.S. Treasury and agencies |  | $ | 16,538 |  | $ | 93 |  | $ | (4) |  | $ | 16,627
Obligations of state and political agencies |  |  | 67,921 |  |  | 1,212 |  |  | (27) |  |  | 69,106
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | 221,844 |  |  | 7,483 |  |  | (18) |  |  | 229,309
Commercial |  |  | 29,128 |  |  | 899 |  |  | (117) |  |  | 29,910
Asset backed securities |  |  | 134 |  |  | 7 |  |  | — |  |  | 141
Corporate bonds |  |  | 9,039 |  |  | 18 |  |  | (1) |  |  | 9,056
Total available-for-sale investment securities |  | $ | 344,604 |  | $ | 9,712 |  | $ | (167) |  | $ | 354,149
|  | December 31, 2019
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Value
U.S. Treasury and agencies |  | $ | 21,246 |  | $ | 9 |  | $ | (15) |  | $ | 21,240
Obligations of state and political agencies |  |  | 68,162 |  |  | 647 |  |  | (161) |  |  | 68,648
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | 180,411 |  |  | 2,258 |  |  | (131) |  |  | 182,538
Commercial |  |  | 30,752 |  |  | 101 |  |  | (168) |  |  | 30,685
Asset backed securities |  |  | 139 |  |  | 5 |  |  | — |  |  | 144
Corporate bonds |  |  | 7,054 |  |  | 41 |  |  | — |  |  | 7,095
Total available-for-sale investment securities |  | $ | 307,764 |  | $ | 3,061 |  | $ | (475) |  | $ | 310,350
Schedule of investment securities with gross unrealized losses |
|  | March 31, 2020
|  | Less than 12 Months |  | Over 12 Months |  | Total
|  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair
(dollars in thousands) |  | Losses |  | Value |  | Losses |  | Value |  | Losses |  | Value
U.S. Treasury and agencies |  | $ | (4) |  | $ | 1,342 |  | $ | — |  | $ | — |  | $ | (4) |  | $ | 1,342
Obligations of state and political agencies |  |  | (27) |  |  | 12,420 |  |  | — |  |  | — |  |  | (27) |  |  | 12,420
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | (5) |  |  | 2,664 |  |  | (13) |  |  | 1,691 |  |  | (18) |  |  | 4,355
Commercial |  |  | — |  |  | — |  |  | (117) |  |  | 6,932 |  |  | (117) |  |  | 6,932
Asset backed securities |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2
Corporate bonds |  |  | (1) |  |  | 2,009 |  |  | — |  |  | — |  |  | (1) |  |  | 2,009
Total available-for-sale investment securities |  | $ | (37) |  | $ | 18,437 |  | $ | (130) |  | $ | 8,623 |  | $ | (167) |  | $ | 27,060
|  | December 31, 2019
|  | Less than 12 Months |  | Over 12 Months |  | Total
|  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair
(dollars in thousands) |  | Losses |  | Value |  | Losses |  | Value |  | Losses |  | Value
U.S. Treasury and agencies |  | $ | (5) |  | $ | 1,740 |  | $ | (10) |  | $ | 9,990 |  | $ | (15) |  | $ | 11,730
Obligations of state and political agencies |  |  | (140) |  |  | 11,959 |  |  | (21) |  |  | 5,798 |  |  | (161) |  |  | 17,757
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | (52) |  |  | 17,131 |  |  | (79) |  |  | 14,036 |  |  | (131) |  |  | 31,167
Commercial |  |  | (116) |  |  | 15,235 |  |  | (52) |  |  | 6,195 |  |  | (168) |  |  | 21,430
Asset backed securities |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2
Corporate bonds |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total available-for-sale investment securities |  | $ | (313) |  | $ | 46,067 |  | $ | (162) |  | $ | 36,019 |  | $ | (475) |  | $ | 82,086
Schedule of contractual maturity of amortized cost and estimated fair value |
|  | Amortized |  | Fair
(dollars in thousands) |  | Cost |  | Value
Due within one year or less |  | $ | 16,054 |  | $ | 16,149
Due after one year through five years |  |  | 25,745 |  |  | 25,934
Due after five years through ten years |  |  | 78,317 |  |  | 80,298
Due after 10 years |  |  | 224,488 |  |  | 231,768
Total available-for-sale investment securities |  | $ | 344,604 |  | $ | 354,149
Schedule of proceeds from the sale of available for sale securities |
|  | Three months ended
|  | March 31,
(dollars in thousands) |  | 2020 |  | 2019
Proceeds |  | $ | 4,000 |  | $ | 4,763
Realized gains |  |  | — |  |  | 119
Realized losses |  |  | — |  |  | 6
Schedule of federal home loan bank |
|  | March 31, |  | December 31,
(dollars in thousands) |  | 2020 |  | 2019
Federal Reserve |  | $ | 2,675 |  | $ | 2,675
FHLB |  |  | 3,284 |  |  | 3,080

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