Securities Available-for-Sale (Tables)

9 Months Ended

Sep. 30, 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 as of September 30, 2020 and December 31, 2019.

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
September 30, 2020	(dollars in thousands)
Securities available-for-sale
Federal agency obligations	$	44,431	$	1,768	$	(54	)	$	46,145
Residential mortgage pass-through  securities		238,193		4,166		(135	)		242,224
Commercial mortgage pass-through  securities		6,176		213		(142	)		6,247
Obligations of U.S. states and political subdivisions		124,790		3,649		(43	)		128,396
Corporate bonds and notes		24,916		256		(369	)		24,803
Asset-backed securities		5,023		-		(155	)		4,868
Certificates of deposit		149		2		-			151
Other securities		181		-		-			181
Total securities available-for-sale	$	443,859	$	10,054	$	(898	)	$	453,015

			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 as of September 30, 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.

	September 30, 2020
	Amortized		Fair
	Cost		Value
	(dollars in thousands)
Securities available-for-sale:
Due in one year or less	$	5,947	$	5,982
Due after one year through five years		23,657		23,651
Due after five years through ten years		21,837		22,345
Due after ten years		147,868		152,385
Residential mortgage pass-through securities		238,193		242,224
Commercial mortgage pass-through securities		6,176		6,247
Other securities		181		181
Total securities available-for-sale	$	443,859	$	453,015

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

Gross gains and losses from the sales of securities for periods presented were as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
		(dollars in thousands)
	2020		2019			2020			2019
Proceeds	$	-	$	33,432		$	19,624		$	183,728
Gross gains on sales of securities		-		1			29			401
Gross losses on sales of securities		-		(280	)		-			(681	)
Net losses on sales of securities		-		(279	)		29			(280	)
Less: tax provision on net losses		-		62			(6	)		62
Net losses on sales of securities, after tax	$	-	$	(217	)	$	23		$	(218	)

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 as of September 30, 2020 and December 31, 2019.

	September 30, 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	$	13,305	$	(54	)	$	13,299	$	(54	)	$	6	$	-
Residential mortgage pass-through securities		70,465		(135	)		70,455		(135	)		10		-
Commercial mortgage pass-through securities		4,016		(142	)		4,016		(142	)		-		-
Obligations of U.S. states and political subdivisions		8,468		(43	)		8,468		(43	)		-		-
Corporate bonds and notes		5,610		(369	)		5,610		(369	)		-		-
Asset-backed securities		4,868		(155	)		1,288		(38	)		3,580		(117	)
Total temporarily impaired securities	$	106,732	$	(898	)	$	103,136	$	(781	)	$	3,596	$	(117	)

	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	)