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SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

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 and the related gross unrealized gains(losses) recognized in noninterest income were as follows:

		March 31, 2020
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Equity securities		$	2,636			$	—			$	(174	)		$	2,462

		December 31, 2019
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Equity securities		$	2,636			$	215			$	—			$	2,851

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 unrealized gains and losses recognized in accumulated other comprehensive income were as follows:

		March 31, 2020
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Government and federal agency		$	17,003			$	126			$	—			$	17,129
U.S. Treasury notes and bonds			1,995				79				—				2,074
State and municipal			186,586				4,142				(589	)			190,139
Mortgage-backed			148,577				1,707				(1,581	)			148,703
Corporate			2,850				45				(36	)			2,859
Trust preferred securities			1,000				—				—				1,000
Total		$	358,011			$	6,099			$	(2,206	)		$	361,904

		December 31, 2019
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair 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

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

Presented below is a schedule of maturities of securities as of March 31, 2020, the fair value of securities as of March 31, 2020 and December 31, 2019, and the weighted average yields of securities as of March 31, 2020:

		Securities maturing within:
(Dollars in thousands)		Less than 1 Year				1 Year - 5 Years				5 Years - 10 Years				More than 10 Years				Fair Value at March 31, 2020				Fair Value at Dec. 31, 2019
U.S. Government and federal agency		$	8,015			$	2,073			$	7,041			$	—			$	17,129			$	17,215
U.S. Treasury notes and bonds			—				2,074				—				—				2,074				2,008
State and municipal (1)			19,795				46,750				97,211				26,383				190,139				173,924
Corporate			464				2,395				—				—				2,859				2,672
Trust preferred securities			1,000				—				—				—				1,000				1,000
Total debt securities			29,274				53,292				104,252				26,383				213,201				196,819
Mortgage-backed securities			333				85,655				60,229				2,486				148,703				142,760
Equity securities (2)			—				—				935				1,527				2,462				2,851
Total		$	29,607			$	138,947			$	165,416			$	30,396			$	364,366			$	342,430

		Weighted average yields:
		Less than 1 Year				1 Year - 5 Years				5 Years - 10 Years				More than 10 Years				Total
U.S. Government and federal agency			1.76	%			1.98	%			2.41	%			—	%			2.06	%
U.S. Treasury notes and bonds			—				1.85				—				—				1.85
State and municipal (1)			2.27				2.91				2.78				2.84				2.77
Corporate			3.10				2.74				—				—				2.80
Trust preferred securities			4.50				—				—				—				4.50
Mortgage-backed securities			0.80				2.24				2.09				3.21				2.19
Equity securities (2)			—				—				4.56				—				0.76

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:

		Three Months Ended March 31,
		2020				2019
Net gains and losses recognized during the period		$	(389	)		$	187
Less: Net gains and losses recognized during the period on securities sold			—				—
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date		$	(389	)		$	187

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

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