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SECURITIES (Tables)
 9 Months Ended
Sep. 30, 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:  

 

          September 30, 2019        
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
(Dollars in thousands)   Cost     Gains     Losses     Value  
Equity securities   $ 2,164     $ 335     $ —     $ 2,499  

 

 

          December 31, 2018        
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
(Dollars in thousands)   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:  

 

          September 30, 2019        
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
(Dollars in thousands)   Cost     Gains     Losses     Value  
U.S. Government and federal agency   $ 23,035     $ 23     $ (9 )   $ 23,049  
U.S. Treasury     1,994       18       —       2,012  
State and municipal     97,824       2,932       (4 )     100,752  
Mortgage-backed     24,542       747       (3 )     25,286  
Corporate     2,648       34       (3 )     2,679  
Foreign debt     500       —       —       500  
Trust preferred securities     500       —       —       500  
Total   $ 151,043     $ 3,754     $ (19 )   $ 154,778  

  

          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 September 30, 2019, the fair value of securities as of September 30, 2019 and December 31, 2018, and the weighted average yields of securities as of September 30, 2019:

 

   Securities maturing within:         
                   Fair Value   Fair Value 
   Less than   1 Year -   5 Years -   More   at September 30,   at December 31, 
(Dollars in thousands)  1 Year   5 Years   10 Years   10 Years   2019   2018 
U.S. Government and federal agency  $21,017   $2,032   $—   $—   $23,049   $33,529 
U.S. Treasury notes and bonds   —    2,012    —    —    2,012    1,947 
State and municipal   13,709    49,671    35,367    2,005    100,752    103,928 
Corporate   —    2,679    —    —    2,679    5,102 
Foreign debt   500    —    —    —    500    — 
Trust preferred securities   500    —    —    —    500    500 
Asset-backed securities   —    —    —    —    —    21 
Total debt securities   35,726    56,394    35,367    2,005    129,492    145,027 
                               
Mortgage-backed securities   —    19,164    6,122    —    25,286    21,575 
Equity securities (1)   —    —    1,000    1,499    2,499    2,847 
Total  $35,726   $75,558   $42,489   $3,504   $157,277   $169,449 

 

   Weighted average yields:     
   Less than   1 Year -   5 Years -   More         
   1 Year   5 Years   10 Years   10 Years   Total     
U.S. Government and federal agency   1.99%   1.98%   —%   —%   1.99%     
U.S. Treasury notes and bonds   —    1.85    —    —    1.85     
State and municipal (2)   2.73    2.85    3.21    0.64    2.91      
Corporate   —    2.66    —    —    2.66      
Foreign debt   2.27    —    —    —    2.27      
Trust preferred securities   6.00    —    —    —    6.00      
Mortgage-backed securities   —    3.24    2.97    —    3.18      
Equity securities (1)   —    —    4.61    —    1.54      

 

(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- and nine-month periods ending September 30: 

 

   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2019   2018   2019   2018 
                 
Net gains and losses recognized during the period  $(146)  $113   $119   $161 
Less: Net gains and losses recognized during the period on securities sold   (2)   —    4    9 
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date  $(144)  $113   $115   $152