Securities	9 Months Ended
Securities	Sep. 30, 2021
Investments debt and equity securities [Abstract]
Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block	NOTE 3: SECURITIES At September 30, 2021 and December 31, 2020, respectively, all securities within the scope of ASC 320, Investments – Debt and Equity Securities, were classified as available-for-sale. The fair value and amortized cost for securities available- for-sale by contractual maturity at September 30, 2021 and December 31, 2020, respectively, are presented below. 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost September 30, 2021 Agency obligations (a) $ 10,033 39,042 70,434 — 119,509 1,657 1,492 $ 119,344 Agency MBS (a) — 779 31,041 181,794 213,614 2,188 1,840 213,266 State and political subdivisions 381 979 14,916 58,075 74,351 3,440 280 71,191 Total available-for-sale $ 10,414 40,800 116,391 239,869 407,474 7,285 3,612 $ 403,801 December 31, 2020 Agency obligations (a) $ 5,048 24,834 55,367 12,199 97,448 3,156 98 $ 94,390 Agency MBS (a) — 1,154 20,502 141,814 163,470 3,245 133 160,358 State and political subdivisions 477 632 8,405 64,745 74,259 3,988 11 70,282 Total available-for-sale $ 5,525 26,620 84,274 218,758 335,177 10,389 242 $ 325,030 (a) Includes securities issued by U.S. government agencies or government-sponsored entities. Securities with aggregate fair values of $ 173.0 million and $ 166.9 million at September 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase, Federal Home Loan Bank (“FHLB”) advances, and for other purposes required or permitted by law. Included in other assets on the accompanying consolidated balance sheets are non-marketable equity investments. The carrying amounts of non-marketable equity investments were $ 1.2 million and $ 1.4 million at September 30, 2021 and December 31, 2020, respectively. Non-marketable equity investments include FHLB of Atlanta Stock, Federal Reserve Bank (“FRB”) stock, and stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at September 30, 2021 and December 31, 2020, respectively, segregated by those securities that have been in an unrealized loss position for less than 12 months and 12 months or longer, are presented below. Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses September 30, 2021: Agency obligations $ 50,658 1,051 15,002 441 $ 65,660 1,492 Agency MBS 122,322 1,678 10,810 162 133,132 1,840 State and political subdivisions 10,249 177 2,104 103 12,353 280 Total $ 183,229 2,906 27,916 706 $ 211,145 3,612 December 31, 2020: Agency obligations $ 15,416 98 — — $ 15,416 98 Agency MBS 41,488 133 — — 41,488 133 State and political subdivisions 2,945 11 — — 2,945 11 Total $ 59,849 242 — — $ 59,849 242 For the securities in the previous table, the Company does not have the intent to sell and has determined it is not more likely than not that the Company will be required to sell the securities before recovery of the amortized cost basis, which may be maturity. On a quarterly basis, the Company assesses each security for credit impairment. For debt securities, the Company evaluates, where necessary, whether credit impairment exists by comparing the present value of the expected cash flows to the securities’ amortized cost basis. In determining whether a loss is temporary, the Company considers all relevant information including: ● the length of time and the extent to which the fair value has been less than the amortized cost basis; ● adverse conditions specifically related to the security, an industry, or a geographic area (for example, changes in the financial condition of the issuer of the security, or in the case of an asset-backed debt security, in the financial condition of the underlying loan obligors, including changes in technology or the discontinuance of a segment of the business that may affect the future earnings potential of the issuer or underlying loan obligors of the security or changes in the quality of the credit enhancement); ● the historical and implied volatility of the fair value of the security; ● the payment structure of the debt security and the likelihood of the issuer being able to make payments that increase in the future; ● failure of the issuer of the security to make scheduled interest or principal payments; ● any changes to the rating of the security by a rating agency; and ● recoveries or additional declines in fair value subsequent to the balance sheet date. Agency obligations The unrealized losses associated with agency obligations were primarily driven by declines in interest rates and not due to the credit quality of the securities. These securities were issued by U.S. government agencies or government-sponsored entities and did not have any credit losses given the explicit government guarantee or other government support. Agency mortgage-backed securities (“MBS”) The unrealized losses associated with agency MBS were primarily driven by changes in interest rates and not due to the credit quality of the securities. These securities were issued by U.S. government agencies or government-sponsored entities and did not have any credit losses given the explicit government guarantee or other government support. Securities of U.S. states and political subdivisions The unrealized losses associated with securities of U.S. states and political subdivisions were primarily driven by declines in interest rates and were not due to the credit quality of the securities. Some of these securities are guaranteed by a bond insurer, but management did not rely on the guarantee in making its investment decision. These securities will continue to be monitored as part of the Company’s quarterly impairment analysis, but are expected to perform even if the rating agencies reduce the credit rating of the bond insurers. As a result, the Company expects to recover the entire amortized cost basis of these securities. The carrying values of the Company’s investment securities could decline in the future if the financial condition of an issuer deteriorates and the Company determines it is probable that it will not recover the entire amortized cost basis for the security. As a result, there is a risk that other-than-temporary impairment charges may occur in the future. Other-Than-Temporarily Impaired Securities Credit-impaired debt securities are debt securities where the Company has written down the amortized cost basis of a security for other-than-temporary impairment and the credit component of the loss is recognized in earnings. At September 30, 2021 and December 31, 2020, the Company had no credit-impaired debt securities and there were no additions or reductions in the credit loss component of credit-impaired debt securities during the quarters ended September 30, 2021 and 2020, respectively. Realized Gains and Losses The following table presents the gross realized gains and losses on sales of securities. Quarter ended September 30, Nine months ended September 30, (Dollars in thousands) 2021 2020 2021 2020 Gross realized gains $ 15 78 $ 15 184 Gross realized losses — (62) — (81) Realized gains, net $ 15 16 $ 15 103