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SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Unrealized Gain (Loss) on Investments | Amortized cost and fair value at December 31, 2019 and 2018, were as follows:
In thousands | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
SECURITIES AVAILABLE FOR SALE |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |
U.S. Government and agencies | $ | 113,569 |  |  | $ | 849 |  |  | $ | 169 |  |  | $ | 114,249 |
Mortgage-backed securities, residential | 64,699 |  |  | 980 |  |  | 87 |  |  | 65,592 |
State and municipal | 10,940 |  |  | 70 |  |  | 14 |  |  | 10,996 |
| $ | 189,208 |  |  | $ | 1,899 |  |  | $ | 270 |  |  | $ | 190,837 |
December 31, 2018 |  |  |  |  |  |  |
U.S. Government and agencies | $ | 120,420 |  |  | $ | 142 |  |  | $ | 2,149 |  |  | $ | 118,413 |
Mortgage-backed securities, residential | 33,960 |  |  | 194 |  |  | 343 |  |  | 33,811 |
State and municipal | 9,482 |  |  | 60 |  |  | 36 |  |  | 9,506 |
| $ | 163,862 |  |  | $ | 396 |  |  | $ | 2,528 |  |  | $ | 161,730 |
SECURITIES HELD TO MATURITY |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |
U.S. Government and agencies | $ | 4,000 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 4,008 |
Mortgage-backed securities, residential | 15,234 |  |  | 76 |  |  | 37 |  |  | 15,273 |
| $ | 19,234 |  |  | $ | 84 |  |  | $ | 37 |  |  | $ | 19,281 |
December 31, 2018 |  |  |  |  |  |  |
U.S. Government and agencies | $ | 7,000 |  |  | $ | — |  |  | $ | 69 |  |  | $ | 6,931 |
Mortgage-backed securities, residential | 20,266 |  |  | 4 |  |  | 290 |  |  | 19,980 |
| $ | 27,266 |  |  | $ | 4 |  |  | $ | 359 |  |  | $ | 26,911 |
The required fair value disclosures are as follows:
In thousands |  | Fair Value at January 1, 2019 |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value at December 31, 2019
DECEMBER 31, 2019 |  |  |  |  |  |  |  |
CRA Mutual Fund |  | $ | 1,012 |  |  | $ | 33 |  |  | $ | — |  |  | $ | 1,045 |
Stock in other banks |  | 827 |  |  | 234 |  |  | — |  |  | 1,061 |
|  | $ | 1,839 |  |  | $ | 267 |  |  | $ | — |  |  | $ | 2,106 |
In thousands |  | Fair Value at January 1, 2018 |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value at December 31, 2018
DECEMBER 31, 2018 |  |  |  |  |  |  |  |
CRA Mutual Fund |  | $ | 1,044 |  |  | $ | — |  |  | $ | 32 |  |  | $ | 1,012 |
Stock in other banks |  | 749 |  |  | 247 |  |  | 169 |  |  | 827 |
|  | $ | 1,793 |  |  | $ | 247 |  |  | $ | 201 |  |  | $ | 1,839 |
Schedule of Unrealized Loss on Investments | The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2019 and 2018:
| Less than 12 Months |  | 12 Months or More |  | Total
In thousands | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
SECURITIES AVAILABLE FOR SALE |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies | $ | — |  |  | $ | — |  |  | $ | 47,425 |  |  | $ | 169 |  |  | $ | 47,425 |  |  | $ | 169 |
Mortgage-backed securities, residential | 16,208 |  |  | 82 |  |  | 1,424 |  |  | 5 |  |  | 17,632 |  |  | 87 |
State and municipal | 3,233 |  |  | 13 |  |  | 502 |  |  | 1 |  |  | 3,735 |  |  | 14 |
| $ | 19,441 |  |  | $ | 95 |  |  | $ | 49,351 |  |  | $ | 175 |  |  | $ | 68,792 |  |  | $ | 270 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies | $ | 1,997 |  |  | $ | 5 |  |  | $ | 87,216 |  |  | $ | 2,144 |  |  | $ | 89,213 |  |  | $ | 2,149 |
Mortgage-backed securities, residential | 9,410 |  |  | 134 |  |  | 8,586 |  |  | 209 |  |  | 17,996 |  |  | 343 |
State and municipal | — |  |  | — |  |  | 2,696 |  |  | 36 |  |  | 2,696 |  |  | 36 |
| $ | 11,407 |  |  | $ | 139 |  |  | $ | 98,498 |  |  | $ | 2,389 |  |  | $ | 109,905 |  |  | $ | 2,528 |
SECURITIES HELD TO MATURITY |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities, residential | $ | 6,587 |  |  | $ | 24 |  |  | $ | 3,161 |  |  | $ | 13 |  |  | $ | 9,748 |  |  | $ | 37 |
| $ | 6,587 |  |  | $ | 24 |  |  | $ | 3,161 |  |  | $ | 13 |  |  | $ | 9,748 |  |  | $ | 37 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies | $ | 2,975 |  |  | $ | 25 |  |  | $ | 3,956 |  |  | $ | 44 |  |  | $ | 6,931 |  |  | $ | 69 |
Mortgage-backed security, residential | 5,408 |  |  | 59 |  |  | 12,636 |  |  | 231 |  |  | 18,044 |  |  | 290 |
| $ | 8,383 |  |  | $ | 84 |  |  | $ | 16,592 |  |  | $ | 275 |  |  | $ | 24,975 |  |  | $ | 359 |
Investments Classified by Contractual Maturity Date | Amortized cost and fair value at December 31, 2019, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.
| Available for Sale |  | Held to Maturity
In thousands | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
1 year or less | $ | 20,926 |  |  | $ | 20,953 |  |  | $ | 4,000 |  |  | $ | 4,008 |
Over 1 year through 5 years | 98,502 |  |  | 99,220 |  |  | — |  |  | — |
Over 5 years through 10 years | 199 |  |  | 202 |  |  | — |  |  | — |
Over 10 years | 4,882 |  |  | 4,870 |  |  | — |  |  | — |
Mortgage-backed securities, residential | 64,699 |  |  | 65,592 |  |  | 15,234 |  |  | 15,273 |
| $ | 189,208 |  |  | $ | 190,837 |  |  | $ | 19,234 |  |  | $ | 19,281 |

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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 + Details
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