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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2018

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, 2018
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	10,487			$	8			$	42			$	10,453
Mortgage-backed securities, residential		196,977				58				10,258				186,777
Obligations of states and political subdivisions		46,544				17				1,016				45,545
Corporate bonds and notes		249				1				—				250
SBA loan pools		3,494				—				46				3,448
Total		$	257,751			$	84			$	11,362			$	246,473

		December 31, 2017
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	15,492			$	20			$	21			$	15,491
Mortgage-backed securities, residential		224,939				136				5,166				219,909
Obligations of states and political subdivisions		52,928				355				151				53,132
Corporate bonds and notes		249				2				—				251
SBA loan pools		4,339				1				32				4,308
Total		$	297,947			$	514			$	5,370			$	293,091

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, 2018
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	2,123			$	—			$	—			$	2,123
Time deposits with other financial institutions		2,080				—				13				2,067
Total		$	4,203			$	—			$	13			$	4,190

		December 31, 2017
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	1,946			$	—			$	—			$	1,946
Time deposits with other financial institutions		1,835				—				5				1,830
Total		$	3,781			$	—			$	5			$	3,776

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, 2018
		Available for Sale								Held to Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Within one year		$	16,284			$	16,241			$	1,785			$	1,781
After one, but within five years		15,932				15,728				2,185				2,176
After five, but within ten years		24,580				23,831				233				233
After ten years		484				448				—				—
		57,280				56,248				4,203				4,190
Mortgage-backed securities, residential		196,977				186,777				—				—
SBA loan pools		3,494				3,448				—				—
Total		$	257,751			$	246,473			$	4,203			$	4,190

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, 2018 and 2017 are listed below (in thousands):

		2018				2017
Proceeds		$	—			$	545
Gross gains		—				—
Tax expense		—				—

The proceeds from sales and calls of securities resulting in gains or losses for the nine months ended September 30, 2018 and 2017 are listed below (in thousands):

		2018				2017
Proceeds		$	—			$	1,620
Gross gains		—				12
Tax expense		—				4

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, 2018 and December 31, 2017 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, 2018	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Obligations of U.S. Government and U.S. Government sponsored enterprises	$	9,953			$	42			$	—			$	—			$	9,953			$	42
Mortgage-backed securities, residential	11,248				448				173,420				9,810				184,668				10,258
Obligations of states and political subdivisions	38,405				746				4,250				270				42,655				1,016
SBA loan pools	214				1				3,234				45				3,448				46
Total temporarily impaired securities	$	59,820			$	1,237			$	180,904			$	10,125			$	240,724			$	11,362

	Less than 12 months								12 months or longer								Total
December 31, 2017	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Obligations of U.S. Government and U.S. Government sponsored enterprises	$	14,982			$	21			$	—			$	—			$	14,982			$	21
Mortgage-backed securities, residential	83,562				1,013				131,165				4,153				214,727				5,166
Obligations of states and political subdivisions	20,526				133				271				18				20,797				151
SBA loan pools	3,937				32				—				—				3,937				32
Total temporarily impaired securities	$	123,007			$	1,199			$	131,436			$	4,171			$	254,443			$	5,370

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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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