Investment Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investments Debt And Equity Securities [Abstract]

Schedule of Securities Available for Sale

Investment securities available-for-sale at December 31, 2019 and 2018 are as follows (amounts in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2019:
Securities available-for-sale:
Residential mortgage-backed	$	188,944	$	718	$	(851	)	$	188,811
U.S. govt. sponsored enterprises		39,355		812		(106	)		40,061
State, county, and municipal		69,908		1,986		(143	)		71,751
Corporate debt obligations		2,654		26		-			2,680
Totals	$	300,861	$	3,542	$	(1,100	)	$	303,303

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2018:
Securities available-for-sale:
Residential mortgage-backed	$	108,915	$	45	$	(4,027	)	$	104,933
U.S. govt. sponsored enterprises		63,833		367		(278	)		63,922
State, county, and municipal		57,417		219		(476	)		57,160
Corporate debt obligations		2,670		7		(62	)		2,615
Totals	$	232,835	$	638	$	(4,843	)	$	228,630

Schedule of Details Concerning Investment Securities with Unrealized Losses

Details concerning investment securities with unrealized losses as of December 31, 2019 and 2018 are as follows (amounts in thousands):

	Less Than 12 Months				More Than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2019:
Securities available-for-sale:
Residential mortgage-backed	$	83,964	$	321	$	39,881	$	530	$	123,845	$	851
U.S. govt. sponsored enterprises		7,423		53		2,748		53		10,171		106
State, county & municipal		14,866		143		200		-		15,066		143
Corporate debt obligations		-		-		-		-		-		-
Totals	$	106,253	$	517	$	42,829	$	583	$	149,082	$	1,100
December 31, 2018:
Securities available-for-sale:
Residential mortgage-backed	$	6,003	$	27	$	88,502	$	4,000	$	94,505	$	4,027
U.S. govt. sponsored enterprises		9,786		13		8,116		265		17,902		278
State, county & municipal		19,043		149		13,880		327		32,923		476
Corporate debt obligations		516		3		332		59		848		62
Totals	$	35,348	$	192	$	110,830	$	4,651	$	146,178	$	4,843

Schedule of Proceeds and Gross Gains and Gross Losses from Sales of Securities Available-for-Sale

The proceeds and gross gains and gross losses from sales of securities available-for-sale for the years ended December 31, 2019 and 2018 are as follows (in thousands):

	Year ended December 31:
	2019			2018
Realized Gains (Losses)-Securities Sales:
Gross gains	$	243		$	381
Gross losses		(252	)		(429	)
Investment securities losses, net	$	(9	)	$	(48	)
Proceeds from sales of investment securities	$	28,875		$	59,907

Schedule of Amortized Cost and Estimated Fair value of Securities Available-for-Sale

The amortized cost and estimated fair value of securities available-for-sale at December 31, 2019, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Securities available-for-sale
Less than 1 year	$	8,420	$	8,458
1 to 5 years		37,820		38,799
5 to 10 years		19,739		20,117
After 10 years		45,938		47,118
		111,917		114,492
Residential mortgage-backed securities		188,944		188,811
Totals	$	300,861	$	303,303