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Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of fair value of securities

The fair value of equity securities and the related gross unrealized gains recognized in noninterest income at December 31 were as follows:

		2019
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized			Fair
		Cost				Gains				Losses			Value
Equity securities		$	2,426			$	425			$	—			$	2,851

		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

The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at December 31 were as follows:

		2019
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	17,231			$	23			$	(39	)		$	17,215
U.S. Treasury notes and bonds			1,994				14				—				2,008
State and municipal			172,487				2,694				(1,257	)			173,924
Mortgage-backed			142,504				585				(329	)			142,760
Corporate			2,649				24				(1	)			2,672
Trust preferred securities			1,000				—				—				1,000
Total		$	337,865			$	3,340			$	(1,626	)		$	339,579

		2018
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	34,079			$	1			$	(551	)		$	33,529
U.S. Treasury notes and bonds			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 sales of equity securities and securities available for sale

Information regarding sales of equity securities and securities available for sale for the year ended December 31 follows:

(Dollars in thousands)
		2019				2018				2017
Proceeds from sales of securities		$	178,913			$	2,634			$	57,595
Gross realized gains			22				42				184
Gross realized losses			—				8				464

Schedule of contractual maturities of equity securities and securities available for sale

Contractual maturities of equity securities and securities available for sale at December 31, 2019 were as follows:

(Dollars in thousands)		Amortized				Fair
		Cost				Value
Due within one year		$	26,742			$	26,849
Due after one year through five years			55,484				56,527
Due after five years through ten years			69,356				70,526
Due after ten years			43,779				42,917
Total debt securities			195,361				196,819
Mortgage-backed securities			142,504				142,760
Equity securities			2,426				2,851
Total		$	340,291			$	342,430

Schedule of securities pledged as collateral

The carrying amount of securities pledged as collateral at December 31 was as follows:

(Dollars in thousands)		2019				2018
Securities pledged for securities sold under agreements to repurchase		$	252			$	257

Schedule of securities in a continuous unrealized loss position

Securities with unrealized losses at year-end 2019 and 2018, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

		2019
		Less than 12 months								More than 12 months								Total
(Dollars in thousands)		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
U.S. Government and federal agency		$	7,175			$	(39	)		$	—			$	—			$	7,175			$	(39	)
U.S. Treasury notes and bonds			—				—				—				—				—				—
State and municipal			75,099				(1,256	)			252				(1	)			75,351				(1,257	)
Mortgage-backed			109,652				(327	)			373				(2	)			110,025				(329	)
Corporate			—				—				300				(1	)			300				(1	)
Total temporarily impaired		$	191,926			$	(1,622	)		$	925			$	(4	)		$	192,851			$	(1,626	)

		2018
		Less than 12 months								More than 12 months								Total
(Dollars in thousands)		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
U.S. Government and federal agency		$	—			$	—			$	31,499			$	(551	)		$	31,499			$	(551	)
U.S. Treasury notes and bonds			—				—				1,947				(45	)			1,947				(45	)
State and municipal			9,726				(36	)			56,763				(897	)			66,489				(933	)
Mortgage-backed			5,384				(28	)			7,443				(177	)			12,827				(205	)
Corporate			—				—				4,604				(46	)			4,604				(46	)
Total temporarily impaired		$	15,110			$	(64	)		$	102,256			$	(1,716	)		$	117,366			$	(1,780	)

Schedule of unrealized gains and losses on equity securities

Following is information regarding unrealized gains and losses on equity securities for the years ending December 31:

		2019				2018
New gains and losses recognized during the period		$	—			$	71
Less: Net gains and losses recognized during the period on securities sold			(5	)			9
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date		$	5			$	62

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