INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 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 September 30, 2021	Cost		Gains		Losses		Fair Value
Debt securities available for sale:
Residential mortgage securities	$	504,167	$	1,123	$	(3,859)	$	501,431
Commercial mortgage securities		18,270		249		(263)		18,256
Asset-backed securities		4,750		—		(17)		4,733
U.S. Government agency		67,994		—		(763)		67,231
Securities issued by states and political subdivisions in the U.S		11,836		—		(319)		11,517
Total securities available-for-sale	$	607,017	$	1,372	$	(5,221)	$	603,168
Held-to-maturity securities:
Residential mortgage securities	$	2,017		57		—		2,074
Total securities held-to-maturity	$	2,017	$	57	$	—	$	2,074
Equity investments:
CRA Mutual Fund	$	2,320		—		(31)		2,289
Total non-trading equity investment securities	$	2,320	$	—	$	(31)	$	2,289

			Gross		Gross
			Unrealized/		Unrealized/
	Amortized		Unrecognized		Unrecognized
At December 31, 2020	Cost		Gains		Losses		Fair Value
Debt securities available for sale:
Residential mortgage securities	$	192,163	$	2,599	$	(74)	$	194,688
Commercial mortgage 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 September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Proceeds	$	—	$	25,000	$	43,241	$	141,422
Gross gains	$	—	$	—	$	609	$	3,286
Tax impact	$	—	$	—	$	(195)	$	(1,036)

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

	Held-to-Maturity				Available-for-Sale
At September 30, 2021	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	—	$	—	$	—	$	—
One to five years		—		—		47,994		47,475
Five to ten years		—		—		15,000		14,832
After ten years		—		—		16,836		16,441
Total	$	—	$	—	$	79,830	$	78,748
Residential mortgage securities	$	2,017	$	2,074		504,167		501,431
Commercial mortgage securities		—		—		18,270		18,256
Asset-backed securities		—		—		4,750		4,733
Total Securities	$	2,017	$	2,074	$	607,017	$	603,168

	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 September 30, 2021	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Debt securities available for sale:
Residential mortgage securities	$	315,184	$	(3,859)	$	—	$	—	$	315,184	$	(3,859)
Commercial mortgage securities		14,919		(263)		379		—		15,298		(263)
Asset-backed securities		4,733		(17)		—		—		4,733		(17)
U.S. Government agency securities		39,546		(451)		27,685		(312)		67,231		(763)
Securities issued by states and political subdivisions in the U.S		11,517		(319)		—		—		11,517		(319)
Total securities available for sale	$	385,899	$	(4,909)	$	28,064	$	(312)	$	413,963	$	(5,221)

	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 securities	$	33,734		(74)		-		-		33,734		(74)
Commercial mortgage 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)