INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

INVESTMENT SECURITIES

Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity

			Gross		Gross
			Unrealized/		Unrealized/
	Amortized		Unrecognized		Unrecognized
At June 30, 2021	Cost		Gains		Losses		Fair Value
Debt securities available for sale:
Residential mortgage-backed securities	$	442,818	$	1,248	$	(2,911)	$	441,155
Commercial mortgage-backed securities		18,733		286		(200)		18,819
Asset-backed securities		4,880		—		(32)		4,848
U.S. Government agency		67,994		—		(740)		67,254
Securities issued by states and political subdivisions in the U.S		11,873		4		(184)		11,693
Total securities available-for-sale	$	546,298	$	1,538	$	(4,067)	$	543,769
Held-to-maturity securities:
Residential mortgage securities	$	2,222		63		—		2,285
Total securities held-to-maturity	$	2,222	$	63	$	—	$	2,285
Equity investments:
CRA Mutual Fund	$	2,314		—		(23)		2,291
Total non-trading equity investment securities	$	2,314	$	—	$	(23)	$	2,291

			Gross		Gross
			Unrealized/		Unrealized/
	Amortized		Unrecognized		Unrecognized
At December 31, 2020	Cost		Gains		Losses		Fair Value
Debt securities available for sale:
Residential mortgage-backed securities	$	192,163	$	2,599	$	(74)	$	194,688
Commercial mortgage-backed securities		32,589		997		(94)		33,492
U.S. Government agency		37,997		—		(81)		37,916
Total securities available-for-sale	$	262,749	$	3,596	$	(249)	$	266,096
Held-to-maturity securities:
Residential mortgage securities		2,760		67		—		2,827
Total securities held-to-maturity	$	2,760	$	67	$	—	$	2,827
Equity investments:
CRA Mutual Fund		2,299		14		—		2,313
Total non-trading equity investment securities	$	2,299	$	14	$	—	$	2,313

Schedule of proceeds from sales and calls of securities and associated gains

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Proceeds	$	43,241	$	90,447	$	43,241	$	116,422
Gross gains	$	609	$	2,312	$	609	$	3,286
Tax impact	$	(195)	$	(729)	$	(195)	$	(1,036)

Schedule of amortized cost and fair value of debt securities classified by contractual maturity

	Held-to-Maturity				Available-for-Sale
At June 30, 2021	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	—	$	—	$	—	$	—
One to five years		—		—		47,994		47,507
Five to ten years		—		—		15,000		14,857
After ten years		—		—		16,873		16,583
Total	$	—	$	—	$	79,867	$	78,947
Residential mortgage securities	$	2,222	$	2,285		442,818		441,155
Commercial mortgage securities		—		—		18,733		18,819
Asset-backed securities		—		—		4,880		4,848
Total Securities	$	2,222	$	2,285	$	546,298	$	543,769

	Held-to-Maturity				Available-for-Sale
At December 31, 2020	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	—	$	—	$	—	$	—
One to five years		—		—		37,997		37,916
Five to ten years		—		—		—		—
Due after ten years		—		—		—		—
Total	$	—	$	—	$	37,997	$	37,916
Residential mortgage securities	$	2,760	$	2,827	$	192,163	$	194,688
Commercial mortgage securities		—		—		32,589		33,492
Total Securities	$	2,760	$	2,827	$	262,749	$	266,096

Schedule of securities with unrealized/unrecognized losses

	Less than 12 Months				12 months or more				Total
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
At June 30, 2021	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Debt securities available for sale:
Residential mortgage securities	$	321,427	$	(2,911)	$	—	$	—	$	321,427	$	(2,911)
Commercial mortgage securities		15,428		(199)		381		(1)		15,809		(200)
Asset-backed securities		4,848		(32)		—		—		4,848		(32)
U.S. Government agency securities		67,254		(740)		—		—		67,254		(740)
Securities issued by states and political subdivisions in the U.S		7,811		(184)		—		—		7,811		(184)
Total securities available for sale	$	416,768	$	(4,066)	$	381	$	(1)	$	417,149	$	(4,067)
Equity investments:
CRA Mutual Fund	$	—	$	—	$	2,291	$	(23)	$	2,291	$	(23)
Total equity investment securities	$	—	$	—	$	2,291	$	(23)	$	2,291	$	(23)

	Less than 12 Months				12 months or more				Total
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
At December 31, 2020	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Debt securities available for sale:
Residential mortgage-backed securities	$	33,734		(74)		-		-		33,734		(74)
Commercial mortgage-backed securities		12,314		(93)		385		(1)		12,699		(94)
U.S. Government agency securities		37,916		(81)		—		—		37,916		(81)
Total securities available-for-sale	$	83,964	$	(248)	$	385	$	(1)	$	84,349	$	(249)