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SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of fair value of securities and related gross unrealized gains and losses recognized in noninterest income

The fair value of equity securities at fair value and the related gross unrealized gains recognized in noninterest income were as follows:

						March 31, 2019
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
Equity securities		$	2,502			$	569			$	(37	)		$	3,034

						December 31, 2018
							Gross				Gross
(Dollars in thousands)			Amortized				Unrealized				Unrealized				Fair
			Cost				Gains				Losses				Value
Equity securities		$	2,502			$	459			$	(114	)		$	2,847

Schedule of fair value of securities available for sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss)

The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

						March 31, 2019
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	34,071			$	—			$	(307	)		$	33,764
U.S. Treasury			1,993				—				(34	)			1,959
State and municipal			103,185				1,073				(371	)			103,887
Mortgage-backed			22,927				208				(111	)			23,024
Corporate			5,146				4				(33	)			5,117
Trust preferred securities			500				—				—				500
Asset-backed securities			3				—				—				3
Total		$	167,825			$	1,285			$	(856	)		$	168,254

						December 31, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	34,079			$	1			$	(551	)		$	33,529
U.S. Treasury			1,992				—				(45	)			1,947
State and municipal			104,317				544				(933	)			103,928
Mortgage-backed			21,654				126				(205	)			21,575
Corporate			5,147				1				(46	)			5,102
Trust preferred securities			500				—				—				500
Asset-backed securities			21				—				—				21
Total		$	167,710			$	672			$	(1,780	)		$	166,602

Schedule of maturities, fair value and weighted average yields of securities

Presented below is a schedule of maturities of securities as of March 31, 2019, the fair value of securities as of March 31, 2019 and December 31, 2018, and the weighted average yields of securities as of March 31, 2019:

			Securities maturing within:
																			Fair Value				Fair Value
			Less than				1 Year -				5 Years -				More than				at March 31,				at Dec. 31,
(Dollars in thousands)			1 Year				5 Years				10 Years				10 Years				2019				2018

U.S. Government and federal agency		$	18,846			$	10,940			$	3,978			$	—			$	33,764			$	33,529
U.S. Treasury notes and bonds			—				1,959				—				—				1,959				1,947
State and municipal			9,186				53,891				38,840				1,970				103,887				103,928
Corporate			2,498				2,619				—				—				5,117				5,102
Trust preferred securities			500				—				—				—				500				500
Asset-backed securities			3				—				—				—				3				21
Total debt securities			31,033				69,409				42,818				1,970				145,230				145,027

Mortgage-backed securities			—				5,897				17,080				47				23,024				21,575
Equity securities (1)			—				—				963				2,071				3,034				2,847
Total		$	31,033			$	75,306			$	60,861			$	4,088			$	171,288			$	169,449

		Weighted average yields:
		Less than				1 Year -				5 Years -				More than
		1 Year				5 Years				10 Years				10 Years				Total
U.S. Government and federal agency			2.30	%			1.91	%			2.71	%			—	%			2.22	%
U.S. Treasury notes and bonds			—				1.85				—				—				1.85
State and municipal (2)			2.95				2.83				3.21				0.89				2.95
Corporate			0.46				2.66				—				—				1.58
Trust preferred securities			5.50				—				—				—				5.50
Asset-backed securities			2.85				—				—				—				2.85
Mortgage-backed securities			—				3.13				2.84				4.75				2.92
Equity securities (1)			—				—				4.51				—				1.23

(1) Equity securities are preferred and common stock that may or may not have a stated maturity.

(2) The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental rate of 21%.

Schedule of unrealized gains and losses on equity securities

Following is information regarding unrealized gains and losses on equity securities for the three month periods ending March 31, 2019 and March 31, 2018:

		2019				2018

Net gains and losses recognized during the period		$	187			$	23
Less: Net gains and losses recognized during the period on securities sold			—				9

Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date		$	187			$	14