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Securities (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies		$	53,247			$	186			$	(156	)		$	53,277
Obligations of states and political subdivisions			240,179				17,086				(550	)			256,715
Mortgage-backed securities in government sponsored    entities			184,553				3,974				(370	)			188,157
Total debt securities		$	477,979			$	21,246			$	(1,076	)		$	498,149

December 31, 2020		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies		$	21,479			$	220			$	(6	)		$	21,693
Obligations of states and political subdivisions			208,013				21,000				(1	)			229,012
Mortgage-backed securities in government sponsored    entities			106,824				5,963				(28	)			112,759
Total debt securities		$	336,316			$	27,183			$	(35	)		$	363,464

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2021, 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		$	9,132			$	9,172
Due after one year through five years			31,533				31,732
Due after five years through ten years			45,283				47,236
Due after ten years			207,478				221,852
Mortgage-backed securities			184,553				188,157
Total securities available for sale		$	477,979			$	498,149

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,
		2021				2020				2021				2020
Sale proceeds		$	—			$	1,455			$	1,785			$	1,455
Gross realized gains			—				94				1,785				94
Gross realized losses			—				—				—				—
Gains (losses) from securities called or settled by the issuer			4				(2	)			2				(2	)

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at September 30, 2021 and December 31, 2020 not recognized in income are set forth in the tables below, segregated by securities with maturities of 12 months or less and securities with maturities of more than 12 months:

September 30, 2021		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		$	23,327			$	(119	)		$	2,048			$	(37	)		$	25,375			$	(156	)
Obligations of states and political subdivisions			36,646				(550	)			—				—				36,646				(550	)
Mortgage-backed securities in gov’t sponsored    entities			72,464				(282	)			3,521				(88	)			75,985				(370	)
Total temporarily impaired		$	132,437			$	(951	)		$	5,569			$	(125	)		$	138,006			$	(1,076	)

December 31, 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		$	6,501			$	(5	)		$	126			$	(1	)		$	6,627			$	(6	)
Obligations of states and political subdivisions			1,874				(1	)			—				—				1,874				(1	)
Mortgage-backed securities in gov’t sponsored    entities			5,755				(28	)			—				—				5,755				(28	)
Total temporarily impaired		$	14,130			$	(34	)		$	126			$	(1	)		$	14,256			$	(35	)

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, 2021 and 2020, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2021 and 2020:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2021				2020				2021				2020
Net gains (losses) recognized on equity securities    during the period		$	50			$	20			$	191			$	(126	)
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		$	50			$	20			$	191			$	(120	)

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

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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.

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