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Investments (Tables)

9 Months Ended

Sep. 30, 2020

Investments [Abstract]

Unrealized Gain (Loss) on Investments

(in thousands)		Amortized ‎Cost			Gross ‎Unrealized ‎Gains			Gross ‎Unrealized ‎Losses			Fair ‎Value			OTTI ‎in AOCL
September 30, 2020
Available for Sale:
U.S. government agencies		$	65,942		$	959		$	30		$	66,871		$	—
Residential mortgage-backed agencies			13,037			219			93			13,163			—
Commercial mortgage-backed agencies			33,566			608			14			34,160			—
Collateralized mortgage obligations			15,226			392			—			15,618			—
Obligations of states and political subdivisions			10,159			430			—			10,589			—
Collateralized debt obligations			18,525			—			5,765			12,760			(4,235)
Total available for sale		$	156,455		$	2,608		$	5,902		$	153,161		$	(4,235)
Held to Maturity:
Residential mortgage-backed agencies		$	34,868		$	1,157		$	—		$	36,025		$	—
Commercial mortgage-backed agencies			11,773			615			—			12,388			—
Collateralized mortgage obligations			1,821			98			—			1,919			—
Obligations of states and political subdivisions			20,759			5,279			—			26,038			—
Total held to maturity		$	69,221		$	7,149		$	—		$	76,370		$	—
December 31, 2019
Available for Sale:
U.S. government agencies		$	39,987		$	—		$	93		$	39,894		$	—
Residential mortgage-backed agencies			4,917			—			17			4,900			—
Commercial mortgage-backed agencies			27,634			222			92			27,764			—
Collateralized mortgage obligations			29,903			129			109			29,923			—
Obligations of states and political subdivisions			14,124			346			—			14,470			—
Collateralized debt obligations			18,443			—			4,089			14,354			(2,835)
Total available for sale		$	135,008		$	697		$	4,400		$	131,305		$	(2,835)
Held to Maturity:
U.S. government agencies		$	16,164		$	659		$	—		$	16,823		$	—
Residential mortgage-backed agencies			42,939			469			155			43,253			—
Commercial mortgage-backed agencies			15,521			344			—			15,865			—
Collateralized mortgage obligations			3,140			3			—			3,143			—
Obligations of states and political subdivisions			16,215			5,357			—			21,572			—
Total held to maturity		$	93,979		$	6,832		$	155		$	100,656		$	—

Proceeds from Sales and Realized Gains and Losses

		Nine Months Ended						Three Months Ended
		September 30,						September 30,
(in thousands)		2020			2019			2020			2019
Proceeds		$	30,831		$	12,046		$	29,751		$	6,669
Realized gains			622			74			575			1
Realized losses			—			73			—			—

Gross Unrealized Losses and Fair Values of Securities

		Less than 12 months								12 months or more
(in thousands)		Fair ‎Value			Unrealized ‎Losses			Number of ‎Investments		Fair ‎Value			Unrealized ‎Losses			Number of ‎Investments
September 30, 2020
Available for Sale:
U.S. government agencies		$	16,420		$	30		4		$	—		$	—		—
Residential mortgage-backed agencies			8,512			93		3			—			—
Commercial mortgage-backed agencies			16,109			14		1			—			—		—
Collateralized debt obligations			—			—		—			12,760			5,765		9
Total available for sale		$	41,041		$	137		8		$	12,760		$	5,765		9
December 31, 2019
Available for Sale:
U.S. government agencies		$	24,907		$	80		3		$	14,987		$	13		3
Residential mortgage-backed agencies			4,900			17		1			—			—		—
Commercial mortgage-backed agencies			4,623			37		2			5,793			55		3
Collateralized mortgage obligations			—			—		—			35,472			109		1
Collateralized debt obligations			—			—		—			14,354			4,089		9
Total available for sale		$	34,430		$	134		6		$	70,606		$	4,266		16
Held to Maturity:
Residential mortgage-backed agencies		$	2,722		$	6		3		$	9,486		$	149		12
Total held to maturity		$	2,722		$	6		3		$	9,486		$	149		12

Non-Cash OTTI Credit Losses Recognized in Earnings

		Nine Months Ended
		September 30,
(in thousands)		2020			2019
Balance of credit-related OTTI at January 1		$	2,446		$	2,646
Reduction for increases in cash flows expected to be collected			(151)			(149)
Balance of credit-related OTTI at September 30		$	2,295		$	2,497

		Three Months Ended
		September 30,
(in thousands)		2020			2019
Balance of credit-related OTTI at July 1		$	2,345		$	2,547
Reduction for increases in cash flows expected to be collected			(50)			(50)
Balance of credit-related OTTI at September 30		$	2,295		$	2,497

Amortized Cost and Fair Values Classified by Contractual Maturity Date

		September 30, 2020
(in thousands)		Amortized ‎Cost			Fair ‎Value
Contractual Maturity
Available for Sale:
Due after one year through five years		$	4,434		$	4,555
Due after five years through ten years			24,821			25,745
Due after ten years			65,371			59,920
			94,626			90,220
Residential mortgage-backed agencies			13,037			13,163
Commercial mortgage-backed agencies			33,566			34,160
Collateralized mortgage obligations			15,226			15,618
Total available for sale		$	156,455		$	153,161
Held to Maturity:
Due after ten years		$	20,759		$	26,038
Residential mortgage-backed agencies			34,868			36,025
Commercial mortgage-backed agencies			11,773			12,388
Collateralized mortgage obligations			1,821			1,919
Total held to maturity		$	69,221		$	76,370

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