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Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2020
Investment Securities |
Schedule of amortized cost of investment securities to estimated fair values |
|  | June 30, 2020
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Value
U.S. Treasury and agencies |  | $ | 16,202 |  | $ | 66 |  | $ | (16) |  | $ | 16,252
Obligations of state and political agencies |  |  | 110,676 |  |  | 3,477 |  |  | — |  |  | 114,153
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | 206,146 |  |  | 8,595 |  |  | (34) |  |  | 214,707
Commercial |  |  | 27,007 |  |  | 940 |  |  | (21) |  |  | 27,926
Asset backed securities |  |  | 127 |  |  | 8 |  |  | — |  |  | 135
Corporate bonds |  |  | 20,524 |  |  | 79 |  |  | (49) |  |  | 20,554
Total available-for-sale investment securities |  | $ | 380,682 |  | $ | 13,165 |  | $ | (120) |  | $ | 393,727
|  | 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 |
|  | June 30, 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 |  | $ | (8) |  | $ | 4,803 |  | $ | (8) |  | $ | 1,324 |  | $ | (16) |  | $ | 6,127
Obligations of state and political agencies |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Mortgage backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential agency |  |  | (34) |  |  | 11,903 |  |  | — |  |  | — |  |  | (34) |  |  | 11,903
Commercial |  |  | — |  |  | — |  |  | (21) |  |  | 6,640 |  |  | (21) |  |  | 6,640
Asset backed securities |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2
Corporate bonds |  |  | (49) |  |  | 9,451 |  |  | — |  |  | — |  |  | (49) |  |  | 9,451
Total available-for-sale investment securities |  | $ | (91) |  | $ | 26,157 |  | $ | (29) |  | $ | 7,966 |  | $ | (120) |  | $ | 34,123
|  | 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 |  | $ | 18,105 |  | $ | 18,235
Due after one year through five years |  |  | 26,685 |  |  | 27,323
Due after five years through ten years |  |  | 114,717 |  |  | 118,244
Due after 10 years |  |  | 221,175 |  |  | 229,925
Total available-for-sale investment securities |  | $ | 380,682 |  | $ | 393,727
Schedule of proceeds from the sale of available for sale securities |
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
(dollars in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Proceeds |  | $ | 35,505 |  | $ | 16,868 |  | $ | 39,505 |  | $ | 21,631
Realized gains |  |  | 1,294 |  |  | 179 |  |  | 1,294 |  |  | 298
Realized losses |  |  | — |  |  | (5) |  |  | — |  |  | (11)
Schedule of federal home loan bank |
|  | June 30, |  | December 31,
(dollars in thousands) |  | 2020 |  | 2019
Federal Reserve |  | $ | 2,675 |  | $ | 2,675
FHLB |  |  | 3,236 |  |  | 3,080

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