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INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

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

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

AVAILABLE-FOR-SALE:

Investment Securities

(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
December 31, 2020
US Treasury securities		$	1,501			$	1			$	—			$	1,502
Government Sponsored Enterprises			996				10				—				1,006
Mortgage-backed securities			222,739				7,375				185				229,929
Small Business Administration pools			34,577				928				7				35,498
State and local government			82,495				6,184				76				88,603
Corporate and other securities			3,272				56				—				3,328
		$	345,580			$	14,554			$	268			$	359,866

(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized 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

The amortized cost and fair value of investment securities at December 31, 2020, by expected maturity, follow.

The amortized cost and fair value of investment securities at December 31, 2020, by expected maturity, follow. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. Mortgage-backed securities are included in the year corresponding with the remaining expected life. There were no Held-to-maturity securities as of December 31, 2020.

Investment Securities (Details 2)

(Dollars in thousands)		Available-for-sale
		Amortized Cost				Fair Value
Due in one year or less		$	11,013			$	11,163
Due after one year through five years			139,664				144,358
Due after five years through ten years			139,982				148,563
Due after ten years			54,921				55,782
		$	345,580			$	359,866

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 December 31, 2020 and December 31, 2019.

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 December 31, 2020 and December 31, 2019.

Investment Securities (Details 3)


		Less than 12 months								12 months or more								Total
December 31, 2020 (Dollars in thousands)		Fair Value				Unrealized Loss				Fair Value				Unrealized Loss				Fair Value				Unrealized Loss
Available-for-sale securities:
Mortgage-Backed Securities		$	21,298			$	152			$	1,414			$	33			$	22,712			$	185
Small Business Administration pools			—				—				1,323				7				1,323				7
State and local government			4,930				76				—				—				4,930				76
Total		$	26,228			$	228			$	2,737			$	40			$	28,965			$	268

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