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SECURITIES AVAILABLE FOR SALE (Tables)

3 Months Ended

Mar. 31, 2021

SECURITIES AVAILABLE FOR SALE

Summary of Securities Available for Sale


					Gross			Gross
					Unrealized			Unrealized
(in thousands)		Amortized Cost			Gains			Losses			Fair Value
March 31, 2021
Mortgage-backed securities:
US Government-sponsored enterprises		$	213,049		$	4,860		$	(3,302)		$	214,607
US Government agency			74,293			2,211			(319)			76,185
Private label			47,576			111			(146)			47,541
Obligations of states and political subdivisions thereof			185,985			3,081			(1,203)			187,863
Corporate bonds			99,616			1,560			(969)			100,207
Total securities available for sale		$	620,519		$	11,823		$	(5,939)		$	626,403


					Gross			Gross
					Unrealized			Unrealized
(in thousands)		Amortized Cost			Gains			Losses			Fair Value
December 31, 2020
Mortgage-backed securities:
US Government-sponsored enterprises		$	206,834		$	6,018		$	(462)		$	212,390
US Government agency			82,878			2,870			(116)			85,632
Private label			19,810			40			(141)			19,709
Obligations of states and political subdivisions thereof			164,766			4,244			(6)			169,004
Corporate bonds			97,689			1,465			(843)			98,311
Total securities available for sale		$	571,977		$	14,637		$	(1,568)		$	585,046

Schedule of Amortized Cost and Estimated Fair Value of Available for Sale (AFS) Securities, Segregated by Contractual Maturity


		Available for sale
(in thousands)		Amortized Cost			Fair Value
Within 1 year		$	4,776		$	4,848
Over 1 year to 5 years			20,745			20,965
Over 5 years to 10 years			75,062			73,650
Over 10 years			185,018			188,607
Total bonds and obligations			285,601			288,070
Mortgage-backed securities			334,918			338,333
Total securities available for sale		$	620,519		$	626,403

Schedule of Gains and Losses from Sale of AFS Securities


		Three Months Ended
		March 31,
(in thousands)		2021			2020
Gross gains on sales of available for sale securities		$	—		$	146
Gross losses on sales of available for sale securities			—			(11)
Net gains on sale of available for sale securities		$	—		$	135

Schedule of Securities with Unrealized Losses, Segregated by the Duration of Continuous Unrealized Loss Positions


		Less Than Twelve Months						Over Twelve Months						Total
		Gross						Gross						Gross
		Unrealized			Fair			Unrealized			Fair			Unrealized			Fair
(in thousands)		Losses			Value			Losses			Value			Losses			Value
March 31, 2021
Mortgage-backed securities:
US Government-sponsored enterprises		$	3,073		$	96,384		$	229		$	3,803		$	3,302		$	100,187
US Government agency			300			14,716			19			4,204			319			18,920
Private label			2			15,822			144			19,257			146			35,079
Obligations of states and political subdivisions thereof			1,203			56,813			—			—			1,203			56,813
Corporate bonds			128			14,622			841			19,158			969			33,780
Total securities available for sale		$	4,706		$	198,357		$	1,233		$	46,422		$	5,939		$	244,779


		Less Than Twelve Months						Over Twelve Months						Total
		Gross						Gross						Gross
		Unrealized			Fair			Unrealized			Fair			Unrealized			Fair
(in thousands)		Losses			Value			Losses			Value			Losses			Value
December 31, 2020
Mortgage-backed securities:
US Government-sponsored enterprises		$	209		$	40,285		$	253		$	4,323		$	462		$	44,608
US Government agency			45			6,776			71			3,297			116			10,073
Private label			—			—			141			19,514			141			19,514
Obligations of states and political subdivisions thereof			6			5,577			—			—			6			5,577
Corporate bonds			555			21,774			288			11,712			843			33,486
Total securities available for sale		$	815		$	74,412		$	753		$	38,846		$	1,568		$	113,258