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Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2021
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 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | $ | 15,715 |  |  | $ | — |  |  | $ | 704 |  |  | $ | 15,011 |
Government Sponsored Enterprises |  |  | 999 |  |  |  | 3 |  |  |  | — |  |  |  | 1,002 |
Mortgage-backed securities |  |  | 257,874 |  |  |  | 4,899 |  |  |  | 1,867 |  |  |  | 260,906 |
Small Business Administration pools |  |  | 37,115 |  |  |  | 685 |  |  |  | 18 |  |  |  | 37,782 |
State and local government |  |  | 84,383 |  |  |  | 4,554 |  |  |  | 1,116 |  |  |  | 87,821 |
Corporate and other securities |  |  | 3,274 |  |  |  | 52 |  |  |  | — |  |  |  | 3,326 |
|  | $ | 399,360 |  |  | $ | 10,193 |  |  | $ | 3,705 |  |  | $ | 405,848 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | 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 |
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, 2021 and December 31, 2020. | 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, 2021 and December 31, 2020.
Investment Securities (Details 2) |
(Dollars in thousands) |  | Less than 12 months |  |  | 12 months or more |  |  | Total |
March 31, 2021 |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available-for-sale securities: |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
US Treasury Securities |  | $ | 15,011 |  |  | $ | 704 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,011 |  |  | $ | 704 |
Mortgage-backed securities |  |  | 99,435 |  |  |  | 1,842 |  |  |  | 1,374 |  |  |  | 25 |  |  |  | 100,809 |  |  |  | 1,867 |
Small Business Administration pools |  |  | 486 |  |  |  | 2 |  |  |  | 1,299 |  |  |  | 16 |  |  |  | 1,785 |  |  |  | 18 |
State and local government |  |  | 21,854 |  |  |  | 1,116 |  |  |  | — |  |  |  | — |  |  |  | 21,854 |  |  |  | 1,116 |
Total |  | $ | 136,786 |  |  | $ | 3,664 |  |  | $ | 2,673 |  |  | $ | 41 |  |  | $ | 139,459 |  |  | $ | 3,705 |
(Dollars in thousands) |  | Less than 12 months |  |  | 12 months or more |  |  | Total |
December 31, 2020 |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available-for-sale securities: |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
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 |
The following sets forth the amortized cost and fair value of investment securities at March 31, 2021 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. | The following sets forth the amortized cost and fair value of investment securities at March 31, 2021 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds.
Investment Securities (Details 3) |
|  | Available-for-sale |
March 31, 2021 |  | Amortized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Value |
Due in one year or less |  | $ | 12,508 |  |  | $ | 12,728 |
Due after one year through five years |  |  | 138,484 |  |  |  | 142,260 |
Due after five years through ten years |  |  | 180,804 |  |  |  | 183,025 |
Due after ten years |  |  | 67,564 |  |  |  | 67,835 |
Total |  | $ | 399,360 |  |  | $ | 405,848 |

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