SECURITIES (Tables)

9 Months Ended

Sep. 30, 2018

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	September 30, 2018
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities' securities	$	124,467	$	—	$	(5,179	)	$	119,288
States of the U.S. and political subdivisions		48,290		4		(1,271	)		47,023
Mortgage-backed GSE securities: residential		79,599		28		(3,832	)		75,795
Total	$	252,356	$	32	$	(10,282	)	$	242,106

	December 31, 2017
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities' securities	$	124,982	$	19	$	(1,184	)	$	123,817
States of the U.S. and political subdivisions		58,806		955		(138	)		59,623
Mortgage-backed GSE securities: residential		87,917		42		(838	)		87,121
Total	$	271,705	$	1,016	$	(2,160	)	$	270,561

Components of Held to Maturity Securities Portfolio

Components of held to maturity securities portfolio are as follows:

	September 30, 2018
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed GSE securities: residential	$	66,489	$	—	$	(3,637	)	$	62,852
States of the U.S. and political subdivisions		12,211		19		(270	)		11,960
Total	$	78,700	$	19	$	(3,907	)	$	74,812

	December 31, 2017
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed GSE securities: residential	$	73,682	$	—	$	(890	)	$	72,792
States of the U.S. and political subdivisions		9,229		112		(7	)		9,334
Total	$	82,911	$	112	$	(897	)	$	82,126

Available For Sale Securities [Member]

Debt Securities by Contractual Maturity

Debt securities available for sale by contractual maturity, repricing or expected call date are shown below:

	September 30, 2018
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	—	$	—
Due after one year through five years		53,014		51,087
Due after five years through ten years		72,006		68,758
Due after ten years		47,737		46,466
Mortgage-backed GSE securities: residential		79,599		75,795
Total	$	252,356	$	242,106

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized Loss Position

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more at September 30, 2018 are as follows:

	September 30, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and government sponsored entities	$	34,659	$	(1,351	)	$	84,629	$	(3,828	)	$	119,288	$	(5,179	)
States of the U.S. and political subdivisions		33,187		(694	)		13,473		(577	)		46,660		(1,271	)
Mortgage-backed GSE securities: residential		3,478		(133	)		71,646		(3,699	)		75,124		(3,832	)
Total temporarily impaired securities	$	71,324	$	(2,178	)	$	169,748	$	(8,104	)	$	241,072	$	(10,282	)

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more at December 31, 2017 are as follows:

	December 31, 2017
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and government sponsored entities	$	99,766	$	(734	)	$	21,222	$	(450	)	$	120,988	$	(1,184	)
States of the U.S. and political subdivisions		—		—			14,009		(138	)		14,009		(138	)
Mortgage-backed GSE securities: residential		28,837		(154	)		57,588		(684	)		86,425		(838	)
Total temporarily impaired securities	$	128,603	$	(888	)	$	92,819	$	(1,272	)	$	221,422	$	(2,160	)

Held To Maturity Securities [Member]

Debt Securities by Contractual Maturity

Debt securities held to maturity by contractual maturity, repricing or expected call date are shown below:

	September 30, 2018
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	3,000	$	3,019
Due after one year through five years		—		—
Due after five years through ten years		8,437		8,181
Due after ten years		774		760
Mortgage-backed GSE securities: residential		66,489		62,852
Total	$	78,700	$	74,812

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized Loss Position

Securities held to maturity that have been in an unrecognized loss position for less than twelve months or twelve months or more are as follows:

	September 30, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed GSE securities: residential	$	—	$	—		$	62,852	$	(4,550	)	$	62,852	$	(4,550	)
States of the U.S. and political subdivisions		8,357		(241	)		584		(29	)		8,941		(270	)
Total temporarily impaired securities	$	8,357	$	(241	)	$	63,436	$	(4,579	)	$	71,793	$	(4,820	)
	December 31, 2017
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed GSE securities: residential	$	—	$	—		$	72,792	$	(1,925	)	$	72,792	$	(1,925	)
States of the U.S. and political subdivisions		608		(7	)		—		—			608		(7	)
Total temporarily impaired securities	$	608	$	(7	)	$	72,792	$	(1,925	)	$	73,400	$	(1,932	)