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Investment securities (Tables)

6 Months Ended

Jun. 30, 2021

Investment Securities

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


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
June 30, 2021		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	16,483		$	260					$	16,743
U.S. government-sponsored enterprises			56,591			868						57,459
State and municipals:
Taxable			59,423			1,544		$	514			60,453
Tax-exempt			73,067			2,660			621			75,106
Residential mortgage-backed securities:
U.S. government agencies			2,618			96						2,714
U.S. government-sponsored enterprises			108,269			1,340			1,864			107,745
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,581			684						13,265
Corporate debt securities			3,000						36			2,964
Total		$	332,032		$	7,452		$	3,035		$	336,449
Held-to-maturity:
Tax-exempt state and municipals		$	6,847		$	183					$	7,030
Residential mortgage-backed securities:
U.S. government agencies			16									16
U.S. government-sponsored enterprises			241			7						248
Total		$	7,104		$	190		$			$	7,294


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2020		Cost			Gains			Losses			Value
Available-for-sale:
U.S. Treasury securities		$	18,478		$	427					$	18,905
U.S. government-sponsored enterprises			63,834			1,354		$				65,188
State and municipals:
Taxable			53,297			2,099			30			55,366
Tax-exempt			53,977			3,054			37			56,994
Residential mortgage-backed securities:
U.S. government agencies			3,553			154						3,707
U.S. government-sponsored enterprises			79,457			1,930			136			81,251
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			12,619			881						13,500
Corporate debt securities			1,000									1,000
Total		$	286,215		$	9,899		$	203		$	295,911
Held-to-maturity:
Tax-exempt state and municipals		$	6,849		$	275		$			$	7,124
Residential mortgage-backed securities:
U.S. government agencies			21									21
U.S. government-sponsored enterprises			355			13						368
Total		$	7,225		$	288		$			$	7,513

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
June 30, 2021		Value			Losses			Value			Losses			Value			Losses
State and municipals:
Taxable		$	24,966		$	514								$	24,966		$	514
Tax-exempt			29,981			621									29,981			621
Residential mortgage-backed securities:
U.S. government-sponsored enterprises			77,089			1,863		$	201		$	1			77,290			1,864
Corporate debt securities			2,964			36									2,964			36
Total		$	135,000		$	3,034		$	201		$	1		$	135,201		$	3,035


		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
December 31, 2020		Value			Losses			Value			Losses			Value			Losses
State and municipals:
Taxable		$	9,246		$	30								$	9,246		$	30
Tax-exempt			6,786			37									6,786			37
Residential mortgage-backed securities:
U.S. government-sponsored enterprises			11,553			135		$	284		$	1			11,837			136
Total		$	27,585		$	202		$	284		$	1		$	27,869		$	203

Summary of unrealized and realized gains and losses



Three Months Ended June 30,			2021			2020
Net gain (loss) recognized during the period on equity securities		$	(17)		$	39
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		$	(17)		$	39


For the Six Months Ended June 30,			2021			2020
Net gain (loss) recognized during the period on equity securities		$	4		$	(84)
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		$	4		$	(84)

Available-for-Sale Securities.

Investment Securities

Schedule of maturity distribution of fair value


		Fair
June 30, 2021		Value
Within one year		$	41,834
After one but within five years			37,132
After five but within ten years			37,203
After ten years			93,277
			209,446
Mortgage-backed and other amortizing securities			127,003
Total		$	336,449

Held-to-maturity Securities.

Investment Securities

Schedule of maturity distribution of fair value


		Amortized			Fair
June 30, 2021		Cost			Value
Within one year		$	175		$	175
After five but within ten years			2,228			2,298
After ten years			4,444			4,557
			6,847			7,030
Mortgage-backed securities			257			264
Total		$	7,104		$	7,294