SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	September 30, 2019
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and agency securities	$	59,191	$	2,244	$	—		$	61,435
States and municipalities		34,999		1,494		—			36,493
Corporate debt securities		13,174		180		(1	)		13,353
Collateralized mortgage obligations (CMO)		52,883		1,861		—			54,744
Mortgage-backed securities (MBS)		149,158		685		(847	)		148,996
Total	$	309,405	$	6,464	$	(848	)	$	315,021

	December 31, 2018
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and agency securities	$	97,785	$	—	$	(2,204	)	$	95,581
States and municipalities		48,167		107		(528	)		47,746
Corporate debt securities		2,000		4		—			2,004
Collateralized mortgage obligations (CMO)		21,979		143		(14	)		22,108
Mortgage-backed securities (MBS)		76,495		23		(2,314	)		74,204
Total	$	246,426	$	277	$	(5,060	)	$	241,643

Components of Held to Maturity Securities Portfolio

Components of the held to maturity securities portfolio at December 31, 2018 are as follows:

	December 31, 2018
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed securities (MBS)	$	64,442	$	—	$	(2,327	)	$	62,115
States and municipalities		13,049		20		(109	)		12,960
Total	$	77,491	$	20	$	(2,436	)	$	75,075

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, 2019
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	2,000	$	2,018
Due after one year through five years		36,006		36,997
Due after five years through ten years		39,019		40,560
Due after ten years		30,339		31,706
MBS and CMO		202,041		203,740
Total	$	309,405	$	315,021

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, 2019 are as follows:

	September 30, 2019
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Corporate debt securities	$	1,716	$	(1	)	$	-	$	-		$	1,716	$	(1	)
Mortgage-backed securities (MBS)		9,559		(26	)		85,674		(821	)		95,233		(847	)
Total temporarily impaired securities	$	11,275	$	(27	)	$	85,674	$	(821	)	$	96,949	$	(848	)

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, 2018 are as follows:

	December 31, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and agency securities	$	—	$	—		$	95,581	$	(2,204	)	$	95,581	$	(2,204	)
States and municipalities		9,475		(39	)		24,850		(489	)		34,325		(528	)
Collateralized mortgage obligations (CMO)		5,475		(14	)		—		—			5,475		(14	)
Mortgage-backed securities (MBS)		—		—			73,542		(2,314	)		73,542		(2,314	)
Total temporarily impaired securities	$	14,950	$	(53	)	$	193,973	$	(5,007	)	$	208,923	$	(5,060	)

Held To Maturity Securities [Member]

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: 

	December 31, 2018
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed securities (MBS)	$	—	$	—		$	62,115	$	(3,203	)	$	62,115	$	(3,203	)
States and municipalities		4,253		(48	)		3,525		(69	)		7,778		(117	)
Total temporarily impaired securities	$	4,253	$	(48	)	$	65,640	$	(3,272	)	$	69,893	$	(3,320	)