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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Amortized cost and estimated fair value of securities available for sale

Amortized cost and estimated fair value of securities available for sale are as follows (in thousands):

		September 30, 2017
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	15,494			$	90			$	—			$	15,584
Mortgage-backed securities, residential		239,074				480				2,893				236,661
Obligations of states and political subdivisions		54,144				612				28				54,728
Corporate bonds and notes		249				—				7				242
SBA loan pools		4,513				2				30				4,485
Corporate stocks		265				261				—				526
Total		$	313,739			$	1,445			$	2,958			$	312,226

		December 31, 2016
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	17,300			$	155			$	—			$	17,455
Mortgage-backed securities, residential		253,156				202				7,492				245,866
Obligations of states and political subdivisions		38,843				209				312				38,740
Corporate bonds and notes		249				1				—				250
SBA loan pools		568				3				1				570
Corporate stocks		285				236				—				521
Total		$	310,401			$	806			$	7,805			$	303,402

Amortized cost and estimated fair value of securities held to maturity

Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands):

		September 30, 2017
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	2,030			$	—			$	—			$	2,030
Time deposits with other financial institutions		1,835				1				5				1,831
Total		$	3,865			$	1			$	5			$	3,861

		December 31, 2016
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	3,725			$	206			$	—			$	3,931
Time deposits with other financial institutions		980				1				—				981
Total		$	4,705			$	207			$	—			$	4,912

Amortized cost and estimated fair value of debt securities by contractual maturity

The amortized cost and estimated fair value of debt securities are shown below by expected maturity.  Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.  Securities not due at a single maturity date are shown separately (in thousands):

		September 30, 2017
		Available for Sale								Held to Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Within one year		$	13,067			$	13,135			$	753			$	751
After one, but within five years		26,063				26,328				2,841				2,839
After five, but within ten years		29,621				29,944				271				271
After ten years		1,136				1,147				—				—
		69,887				70,554				3,865				3,861
Mortgage-backed securities, residential		239,074				236,661				—				—
SBA loan pools		4,513				4,485				—				—
Total		$	313,474			$	311,700			$	3,865			$	3,861

Proceeds from sales and calls of securities resulting in gains or losses

The proceeds from sales and calls of securities resulting in gains or losses for the three months ended September 30, 2017 and 2016 are listed below (in thousands):

		2017				2016
Proceeds		$	545			$	20,709
Gross gains		—				75
Tax expense		—				28

The proceeds from sales and calls of securities resulting in gains or losses for the nine months ended September 30, 2017 and 2016 are listed below (in thousands):

		2017				2016
Proceeds		$	1,620			$	36,130
Gross gains		12				983
Tax expense		4				371

Investment securities available for sale in an unrealized loss position

The following tables summarize the investment securities available for sale with unrealized losses at September 30, 2017 and December 31, 2016 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):

	Less than 12 months								12 months or longer								Total
September 30, 2017	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage-backed securities, residential	$	121,345			$	1,022			$	57,638			$	1,871			$	178,983			$	2,893
Obligations of states and political subdivisions	4,080				19				281				9				4,361				28
Corporate bonds and notes	242				7				—				—				242				7
SBA loan pools	3,970				30				—				—				3,970				30
Total temporarily impaired securities	$	129,637			$	1,078			$	57,919			$	1,880			$	187,556			$	2,958

	Less than 12 months								12 months or longer								Total
December 31, 2016	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage-backed securities, residential	$	233,843			$	7,492			$	—			$	—			$	233,843			$	7,492
Obligations of states and political subdivisions	25,724				312				—				—				25,724				312
SBA loan pools	—				—				225				1				225				1
Total temporarily impaired securities	$	259,567			$	7,804			$	225			$	1			$	259,792			$	7,805

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Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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