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INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair values of available-for-sale

The amortized cost and estimated fair values of investment securities are summarized below:

AVAILABLE-FOR-SALE:						Gross				Gross
		Amortized				Unrealized				Unrealized
(Dollars in thousands)		Cost				Gains				Losses				Fair Value
March 31, 2020
US Treasury securities		$	3,498			$	36			$	—			$	3,534
Government Sponsored Enterprises			987				28				—				1,015
Mortgage-backed securities			176,507				5,818				1,491				180,834
Small Business Administration pools			41,255				597				125				41,727
State and local government			59,187				2,577				8				61,756
Other securities			15				—				—				15
		$	281,449			$	9,056			$	1,624			$	288,881

						Gross				Gross
		Amortized				Unrealized				Unrealized
(Dollars in thousands)		Cost				Gains				Losses				Fair Value
December 31, 2019
US Treasury securities		$	7,190			$	16			$	3			$	7,203
Government Sponsored Enterprises			984				17				—				1,001
Mortgage-backed securities			182,736				1,490				640				183,586
Small Business Administration pools			45,301				259				217				45,343
State and local government			47,418				2,371				141				49,648
Other securities			19				—				—				19
		$	283,648			$	4,153			$	1,001			$	286,800

Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position

The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at March 31, 2020 and December 31, 2019.

(Dollars in thousands)		Less than 12 months								12 months or more								Total
March 31, 2020		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss

Mortgage-backed securities		$	36,949			$	1,432			$	4,062			$	59			$	41,011			$	1,491
Small Business Administration pools			3,038				18				8,845				107				11,883				125
State and local government			2,226				8				—				—				2,226				8
Total		$	42,213			$	1,458			$	12,907			$	166			$	55,120			$	1,624

(Dollars in thousands)		Less than 12 months								12 months or more								Total
December 31, 2019		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
Available-for-sale securities:		Value				Loss				Value				Loss				Value				Loss

US Treasury securities		$	—			$	—			$	1,508			$	3			$	1,508			$	3
Mortgage-backed securities			57,175				485				12,419				155				69,594				640
Small Business Administration pools			7,891				53				13,502				164				21,393				217
State and local government			5,695				141				—				—				5,695				141
Total		$	70,761			$	679			$	27,429			$	322			$	98,190			$	1,001

Schedule of the amortized cost and fair value of investment securities by expected maturity

March 31, 2020		Available-for-sale
		Amortized				Fair
(Dollars in thousands)		Cost				Value
Due in one year or less		$	7,772			$	7,842
Due after one year through five years			122,950				125,292
Due after five years through ten years			123,926				128,280
Due after ten years			26,801				27,467
Total		$	281,449			$	288,881