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Securities (Tables)
 6 Months Ended
Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale at June 30, 2019 and December 31, 2018, were as follows:
Securities Available-for-Sale: 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
 Fair
Value
 
 
 

 
 

 
 

 
 

June 30, 2019
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
290,053

 
$
13,271

 
$
(40
)
 
$
303,284

MBS/CMO - Residential
 
535,914

 
4,605

 
(3,111
)
 
537,408

Total
 
$
825,967

 
$
17,876

 
$
(3,151
)
 
$
840,692

 
 
 
 
 
 
 
 
 
December 31, 2018
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
291,449

 
$
4,407

 
$
(1,323
)
 
$
294,533

MBS/CMO - Residential
 
529,805

 
1,029

 
(12,756
)
 
518,078

Total
 
$
821,254

 
$
5,436

 
$
(14,079
)
 
$
812,611
Schedule of Securities by Contractual Maturity
The amortized cost and fair value of securities at June 30, 2019 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed securities are not due at a single maturity date and are shown separately.
Securities Available-for-Sale:
 
Amortized
Cost
 
Fair
Value
 
 
 
 
 
Due in one year or less
 
$
2,332

 
$
2,343

Due after one year through five years
 
16,151

 
16,531

Due after five years through ten years
 
73,764

 
76,979

Due after ten years
 
197,806

 
207,431

MBS/CMO - Residential
 
535,914

 
537,408

Total
 
$
825,967

 
$
840,692

 
Schedule of Proceeds from the Sales of Securities Proceeds from the Sales of Securities are summarized below:
 
 
Three Months Ended
 
Three Months Ended
 
 
June 30, 2019
 
June 30, 2018
 
 
 
 
 
Proceeds from Sales
 
$
10,459

 
$
10,220

Gross Gains on Sales
 
516

 
74

Income Taxes on Gross Gains
 
108

 
16

 
 
Six Months Ended
 
Six Months Ended
 
 
June 30, 2019
 
June 30, 2018
 
 
 
 
 
Proceeds from Sales
 
$
22,274

 
$
17,515

Gross Gains on Sales
 
671

 
344

Income Taxes on Gross Gains
 
141

 
73
Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of June 30, 2019 and December 31, 2018, presented by length of time the securities have been in a continuous unrealized loss position:
 
 
Less than 12 Months
 
12 Months or More
 
Total
June 30, 2019
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of State and Political Subdivisions
 
$
4,889

 
$
(30
)
 
$
1,331

 
$
(10
)
 
$
6,220

 
$
(40
)
MBS/CMO - Residential
 
10,154

 
(36
)
 
264,051

 
(3,075
)
 
274,205

 
(3,111
)
Total
 
$
15,043

 
$
(66
)
 
$
265,382

 
$
(3,085
)
 
$
280,425

 
$
(3,151
)
 
 
Less than 12 Months
 
12 Months or More
 
Total
December 31, 2018
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of State and Political Subdivisions
 
$
37,936

 
$
(286
)
 
$
49,071

 
$
(1,037
)
 
$
87,007

 
$
(1,323
)
MBS/CMO - Residential
 
56,386

 
(601
)
 
356,218

 
(12,155
)
 
412,604

 
(12,756
)
Total
 
$
94,322

 
$
(887
)
 
$
405,289

 
$
(13,192
)
 
$
499,611

 
$
(14,079
)