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Investment securities (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of amortized cost and fair value of investment securities aggregated by investment category


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
September 30, 2020		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	21,476		$	529					$	22,005
U.S. government-sponsored enterprises			72,876			1,411						74,287
State and municipals:
Taxable			31,657			1,871						33,528
Tax-exempt			31,357			2,554						33,911
Residential mortgage-backed securities:
U.S. government agencies			4,104			133		$	1			4,236
U.S. government-sponsored enterprises			63,101			2,766			38			65,829
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,638			970						13,608
Total		$	237,209		$	10,234		$	39		$	247,404
Held-to-maturity:
Tax-exempt state and municipals		$	6,850		$	298		$			$	7,148
Residential mortgage-backed securities:
U.S. government agencies			23									23
U.S. government-sponsored enterprises			424			16						440
Total		$	7,297		$	314		$			$	7,611


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2019		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	23,966		$	162					$	24,128
U.S. government-sponsored enterprises			87,156			181		$	227			87,110
State and municipals:
Taxable			35,418			295			815			34,898
Tax-exempt			59,127			1,056			20			60,163
Residential mortgage-backed securities:
U.S. government agencies			8,368			112			10			8,470
U.S. government-sponsored enterprises			101,914			1,011			77			102,848
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,694			171			4			12,861
Total		$	328,643		$	2,988		$	1,153		$	330,478
Held-to-maturity:
Tax-exempt state and municipals		$	6,852		$	208		$			$	7,060
Residential mortgage-backed securities:
U.S. government agencies			31									31
U.S. government-sponsored enterprises			773			25						798
Total		$	7,656		$	233		$			$	7,889

Schedule of fair value and unrealized losses of investment securities in continuous unrealized loss position


		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
September 30, 2020		Value			Losses			Value			Losses			Value			Losses
Residential mortgage-backed securities:
U.S. government agencies								$	59		$	1		$	59		$	1
U.S. government-sponsored enterprises		$	2,589		$	35			384			3			2,973			38
Total		$	2,589		$	35		$	443		$	4		$	3,032		$	39


		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
December 31, 2019		Value			Losses			Value			Losses			Value			Losses
U.S. government-sponsored enterprises		$	13,695		$	149		$	36,070		$	78		$	49,765		$	227
State and municipals:
Taxable			23,929			815									23,929			815
Tax-exempt			2,684			19			1,098			1			3,782			20
Residential mortgage-backed securities:
U.S. government agencies			992			1			2,362			9			3,354			10
U.S. government-sponsored enterprises			36,939			51			3,751			30			40,690			81
Total		$	78,239		$	1,035		$	43,281		$	118		$	121,520		$	1,153

Summary of unrealized and realized gains and losses



Three Months Ended September 30,			2020			2019
Net gain recognized during the period on equity securities		$	2		$	14
Less: Net gain (loss) recognized during the period on equity securities sold during the period
Unrealized gain recognized during the reporting period on equity securities still held at the reporting date		$	2		$	14


For the Nine Months Ended September 30,			2020			2019
Net gain (loss) recognized during the period on equity securities		$	(82)		$	6
Less: Net gain (loss) recognized during the period on equity securities sold during the period
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date		$	(82)		$	6

Available-for-Sale Securities.

Schedule of maturity distribution of fair value


		Fair
September 30, 2020		Value
Within one year		$	38,267
After one but within five years			62,060
After five but within ten years			18,900
After ten years			41,142
			160,369
Mortgage-backed and other amortizing securities			87,035
Total		$	247,404

Held-to-maturity Securities.

Schedule of maturity distribution of fair value


		Amortized			Fair
September 30, 2020		Cost			Value
After five but within ten years		$	324		$	346
After ten years			6,526			6,802
			6,850			7,148
Mortgage-backed securities			447			463
Total		$	7,297		$	7,611