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Investments (Tables)

3 Months Ended

Mar. 31, 2021

Investments [Abstract]

Unrealized Gain (Loss) on Investments

(in thousands)		Amortized ‎Cost			Gross ‎Unrealized ‎Gains			Gross ‎Unrealized ‎Losses			Fair ‎Value			OTTI ‎in AOCL
March 31, 2021
Available for Sale:
U.S. government agencies		$	63,646		$	545		$	3,155		$	61,036		$	—
Residential mortgage-backed agencies			22,606			—			784			21,822			—
Commercial mortgage-backed agencies			33,257			274			774			32,757			—
Collateralized mortgage obligations			66,866			217			2,184			64,899			—
Obligations of states and political subdivisions			9,433			410			—			9,843			—
Collateralized debt obligations			18,556			—			4,907			13,649			(3,526)
Total available for sale		$	214,364		$	1,446		$	11,804		$	204,006		$	(3,526)
Held to Maturity:
Residential mortgage-backed agencies		$	38,470		$	1,057		$	463		$	39,064		$	—
Commercial mortgage-backed agencies			9,795			433			—			10,228			—
Collateralized mortgage obligations			490			8			—			498			—
Obligations of states and political subdivisions			20,602			7,179			—			27,781			—
Total held to maturity		$	69,357		$	8,677		$	463		$	77,571		$	—
December 31, 2020
Available for Sale:
U.S. government agencies		$	75,856		$	899		$	322		$	76,433		$	—
Residential mortgage-backed agencies			22,999			—			100			22,899			—
Commercial mortgage-backed agencies			32,549			529			36			33,042			—
Collateralized mortgage obligations			70,372			266			1			70,637			—
Obligations of states and political subdivisions			10,144			470			—			10,614			—
Collateralized debt obligations			18,544			—			5,284			13,260			(3,839)
Total available for sale		$	230,464		$	2,164		$	5,743		$	226,885		$	(3,839)
Held to Maturity:
Residential mortgage-backed agencies		$	34,597		$	1,173		$	38		$	35,732		$	—
Commercial mortgage-backed agencies			11,716			587			—			12,303			—
Collateralized mortgage obligations			1,348			58			—			1,406			—
Obligations of states and political subdivisions			20,602			7,569			—			28,171			—
Total held to maturity		$	68,263		$	9,387		$	38		$	77,612		$	—

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
March 31, 2021
Available for Sale:
U.S. government agencies		$	36,765		$	3,155		7		$	—		$	—		—
Residential mortgage-backed agencies			21,822			784		2			—			—		—
Commercial mortgage-backed agencies			25,632			774		3			—			—		—
Collateralized mortgage obligations			55,737			2,184		6			—			—		—
Collateralized debt obligations			—			—		—			13,649			4,907		9
Total available for sale		$	139,956		$	6,897		18		$	13,649		$	4,907		9
Held to Maturity:
Residential mortgage-backed agencies			8,849			463		3			—			—		—
Total held to maturity		$	8,849		$	463		3		$	—		$	—		—
December 31, 2020
Available for Sale:
U.S. government agencies		$	39,611		$	322		7		$	—		$	—		—
Residential mortgage-backed agencies			22,899			100		2			—			—		—
Commercial mortgage-backed agencies			16,034			36		1			—			—		—
Collateralized mortgage obligations			39,628			1		4			—			—		—
Collateralized debt obligations			—			—		—			13,260			5,284		9
Total available for sale		$	118,172		$	459		14		$	13,260		$	5,284		9
Held to Maturity:
Residential mortgage-backed agencies		$	2,973		$	38		1		$	—		$	—		—
Total held to maturity		$	2,973		$	38		1		$	—		$	—		—

Non-Cash OTTI Credit Losses Recognized in Earnings

		Three Months Ended
		March 31,
(in thousands)		2021			2020
Balance of credit-related OTTI at January 1		$	2,244		$	2,446
Reduction for increases in cash flows expected to be collected			(50)			(50)
Balance of credit-related OTTI at March 31		$	2,194		$	2,396

Amortized Cost and Fair Values Classified by Contractual Maturity Date

		March 31, 2021
(in thousands)		Amortized ‎Cost			Fair ‎Value
Contractual Maturity
Available for Sale:
Due after one year through five years		$	4,418		$	4,517
Due after five years through ten years			20,052			20,613
Due after ten years			67,165			59,398
			91,635			84,528
Residential mortgage-backed agencies			22,606			21,822
Commercial mortgage-backed agencies			33,257			32,757
Collateralized mortgage obligations			66,866			64,899
Total available for sale		$	214,364		$	204,006
Held to Maturity:
Due after ten years		$	20,602		$	27,781
Residential mortgage-backed agencies			38,470			39,064
Commercial mortgage-backed agencies			9,795			10,228
Collateralized mortgage obligations			490			498
Total held to maturity		$	69,357		$	77,571

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