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SECURITIES (Tables)

12 Months Ended

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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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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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

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Tabular disclosure of unrealized gains and losses on investments.

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