Securities Available-for-Sale (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

The following tables present information related to the Company’s portfolio of securities available-for-sale at March 31, 2020 and December 31, 2019.

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
March 31, 2020	(dollars in thousands)
Securities available-for-sale
Federal agency obligations	$	36,392	$	2,057	$	(1	)	$	38,448
Residential mortgage pass-through  securities		232,864		5,759		(3	)		238,620
Commercial mortgage pass-through  securities		2,032		160		-			2,192
Obligations of U.S. states and political subdivisions		134,413		2,829		(347	)		136,895
Corporate bonds and notes		25,151		207		(620	)		24,738
Asset-backed securities		5,526		-		(163	)		5,363
Certificates of deposit		149		-		(2	)		147
Other securities		335		-		-			335
Total securities available-for-sale	$	436,862	$	11,012	$	(1,136	)	$	446,738

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
December 31, 2019	(dollars in thousands)
Securities available-for-sale
Federal agency obligations	$	27,667	$	612	$	(42	)	$	28,237
Residential mortgage pass-through  securities		199,611		1,528		(643	)		200,496
Commercial mortgage pass-through  securities		4,995		37		(35	)		4,997
Obligations of U.S. states and political subdivisions		134,500		2,411		(392	)		136,519
Corporate bonds and notes		28,142		285		(45	)		28,382
Asset-backed securities		5,845		-		(65	)		5,780
Certificates of deposit		148		2		-			150
Other securities		140		-		-			140
Total securities available-for-sale	$	401,048	$	4,875	$	(1,222	)	$	404,701

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents information for investments in securities available-for-sale at March 31, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

	March 31, 2020
	Amortized		Fair
	Cost		Value
	(dollars in thousands)
Securities available-for-sale:
Due in one year or less	$	5,104	$	5,143
Due after one year through five years		24,672		24,324
Due after five years through ten years		25,077		25,731
Due after ten years		146,778		150,393
Residential mortgage pass-through securities		232,864		238,620
Commercial mortgage pass-through securities		2,032		2,192
Other securities		335		335
Total securities available-for-sale	$	436,862	$	446,738

Schedule of Realized Gain (Loss) [Table Text Block]

Gross gains and losses from the sales of securities for periods presented were as follows (dollars in thousands):

	Three Months Ended
	March 31,
	2020			2019
Proceeds	$	19,624		$	94,075
Gross gains on sales of securities		29			8
Gross losses on sales of securities		-			-
Net gains on sales of securities		29			8
Less: tax provision on net gains		(6	)		(2	)
Net gains on sales of securities, after tax	$	23		$	6

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at March 31, 2020 and December 31, 2019.

	March 31, 2020
	Total					Less than 12 Months					12 Months or Longer
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Investment Securities
Available-for-Sale:
Federal agency obligation	$	1,260	$	(1	)	$	1,249	$	(1	)	$	11	$	-
Residential mortgage pass-through securities		486		(3	)		35		-			451		(3	)
Commercial mortgage pass-through securities		-		-			-		-			-		-
Obligations of U.S. states and political subdivisions		27,436		(347	)		4,989		(97	)		22,447		(250	)
Corporate bonds and notes		8,845		(620	)		8,845		(620	)		-		-
Asset-backed securities		5,363		(163	)		2,115		(82	)		3,248		(81	)
Certificates of Deposit		147		(2	)		147		(2	)		-		-
Total temporarily impaired securities	$	45,537	$	(1,136	)	$	17,380	$	(802	)	$	26,157	$	(334	)

	December 31, 2019
	Total					Less than 12 Months					12 Months or Longer
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Investment Securities
Available-for-Sale:
Federal agency obligation	$	6,512	$	(42	)	$	6,498	$	(42	)	$	14	$	-
Residential mortgage pass-through securities		94,980		(643	)		49,154		(179	)		45,826		(464	)
Commercial mortgage pass-through securities		2,006		(35	)		2,006		(35	)		-		-
Obligations of U.S. states and political subdivisions		34,775		(392	)		10,306		(8	)		24,469		(384	)
Corporate bonds and notes		5,437		(45	)		2,478		(23	)		2,959		(22	)
Asset-backed securities		5,718		(65	)		2,268		(22	)		3,450		(43	)
Total Temporarily Impaired Securities	$	149,428	$	(1,222	)	$	72,710	$	(309	)	$	76,718	$	(913	)