XML 32 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities The amortized cost and estimated fair value of securities available for sale along with gross unrealized gains and losses are summarized as follows:
(dollars in thousands)
June 30, 2021Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Available for Sale:
U.S. agency18,234 51 (113)18,172 
State, county & municipal securities82,805 688 (1,090)82,403 
Corporate debt securities4,750 20 — 4,770 
Other securities8,058 — (20)8,038 
Mortgage-backed securities352,894 5,303 (1,866)356,331 
$466,741 $6,062 $(3,089)$469,714 
December 31, 2020
Securities Available for Sale:
U.S. treasury securities$245 $— $— $245 
U.S. agency1,000 4 — 1,004 
State, county & municipal securities61,298 1,155 (65)62,388 
Corporate debt securities4,250 1 (1)4,250 
Mortgage-backed securities305,438 7,837 (348)312,927 
$372,231 $8,997 $(414)$380,814 
Investments Classified by Contractual Maturity Date This is often the case with mortgage-backed securities, which are disclosed separately in the table below.
Securities Available for Sale
(dollars in thousands)Amortized CostFair Value
Due in one year or less$4,058 $4,038 
Due after one year through five years1,897 1,937 
Due after five years through ten years44,757 44,615 
Due after ten years63,135 62,793 
$113,847 $113,383 
Mortgage-backed securities352,894 356,331 
$466,741 $469,714 
Schedule of Unrealized Loss on Investments Information pertaining to securities with gross unrealized losses at June 30, 2021 and December 31, 2020 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:
Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
June 30, 2021
U.S. agency$11,992 $(113)$— $— $11,992 $(113)
State, county & municipal securities40,321 (1,081)593 (9)40,914 (1,090)
Corporate debt securities1,750 — — — 1,750 — 
Other securities4,058 (20)— — 4,058 (20)
Mortgage-backed securities126,644 (1,637)6,042 (229)132,686 (1,866)
$184,765 $(2,851)$6,635 $(238)$191,400 $(3,089)
December 31, 2020
State, county & municipal securities$8,282 $(65)$— $— $8,282 $(65)
Corporate debt securities999 (1)— — 999 (1)
Mortgage-backed securities28,835 (77)3,949 (271)32,784 (348)
$38,116 $(143)$3,949 $(271)$42,065 $(414)