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Securities (Tables)

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Available for Sale Securities

The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized were as follows:

September 30, 2020		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies		$	19,083			$	304			$	(1	)		$	19,386
Obligations of states and political subdivisions			207,077				19,170				(149	)			226,098
Mortgage-backed securities in government sponsored    entities			114,113				6,317				(40	)			120,390
Total debt securities		$	340,273			$	25,791			$	(190	)		$	365,874

December 31, 2019		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies		$	19,401			$	204			$	(4	)		$	19,601
Obligations of states and political subdivisions			193,646				12,409				(21	)			206,034
Mortgage-backed securities in government sponsored    entities			129,145				3,863				(144	)			132,864
Total debt securities		$	342,192			$	16,476			$	(169	)		$	358,499

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2020, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities are shown separately.

Available for sale		Amortized Cost				Fair Value
Due in one year or less		$	11,232			$	11,311
Due after one year through five years			14,540				14,913
Due after five years through ten years			25,421				27,602
Due after ten years			174,967				191,658
Mortgage-backed securities			114,113				120,390
Total securities available for sale		$	340,273			$	365,874

Proceeds from Sales of Securities Available for Sale, Gross Realized Gains and Losses

Proceeds from sales of securities available for sale, gross realized gains and gross realized losses were as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2020				2019				2020				2019
Sale proceeds		$	1,455			$	—			$	1,455			$	16,829
Gross realized gains			94				—				94				47
Gross realized losses			—				—				—				(43	)
Gains (losses) from securities called or settled by the issuer			(2	)			3				(2	)			13

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at September 30, 2020 and December 31, 2019 not recognized in income are as follows:

September 30, 2020		12 Months or less								More than 12 months								Total
Description of Securities		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies		$	—			$	—			$	134			$	(1	)		$	134			$	(1	)
Obligations of states and political subdivisions			5,373				(149	)			—				—				5,373				(149	)
Mortgage-backed securities in gov’t sponsored    entities			2,984				(40	)			—				—				2,984				(40	)
Total temporarily impaired		$	8,357			$	(189	)		$	134			$	(1	)		$	8,491			$	(190	)

December 31, 2019		12 Months or less								More than 12 months								Total
Description of Securities		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies		$	—			$	—			$	3,408			$	(4	)		$	3,408			$	(4	)
Obligations of states and political subdivisions			1,947				(21	)			—				—				1,947				(21	)
Mortgage-backed securities in gov’t sponsored    entities			10,653				(91	)			7,732				(53	)			18,385				(144	)
Total temporarily impaired		$	12,600			$	(112	)		$	11,140			$	(57	)		$	23,740			$	(169	)

Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments

The following table presents the net gains and losses on equity investments recognized in earnings for the three and nine months ended September 30, 2020 and 2019, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2020 and 2019:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2020				2019				2020				2019
Net gains (losses) recognized on equity securities    during the period		$	20			$	112			$	(126	)		$	81
Less: Net losses realized on the sale of    equity securities during the period			—				—				6				—
Unrealized gains (losses) recognized on equity    securities held at reporting date		$	20			$	112			$	(120	)		$	81

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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

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

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-Publisher FASB
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-Topic 320
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-Section 50
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