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Securities (Tables)
12 Months Ended
Dec. 31, 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 were as follows:
Securities Available-for-Sale:
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
2019
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
307,943

 
$
16,366

 
$
(9
)
 
$
324,300

MBS/CMO
 
526,907

 
5,414

 
(1,796
)
 
530,525

Total
 
$
834,850

 
$
21,780

 
$
(1,805
)
 
$
854,825

 
 
 
 
 
 
 
 
 
2018
 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
291,449

 
$
4,407

 
$
(1,323
)
 
$
294,533

MBS/CMO
 
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 December 31, 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. 
 
 
Amortized
Cost
 
Fair
Value
Securities Available-for-Sale:
 
 

 
 

Due in one year or less
 
$
2,512

 
$
2,518

Due after one year through five years
 
19,642

 
20,070

Due after five years through ten years
 
68,972

 
72,546

Due after ten years
 
216,817

 
229,166

MBS/CMO
 
526,907

 
530,525

Total
 
$
834,850

 
$
854,825


Schedule of Proceeds from the Sales of Securities
 
 
2019
 
2018
 
2017
Proceeds from the Sales of Securities are summarized below: 
 
Available-
for-Sale
 
Available-
for-Sale
 
Available-
for-Sale
 
 
 
 
 
 
 
Proceeds from Sales
 
$
82,601

 
$
91,013

 
$
49,459

Gross Gains on Sales
 
1,248

 
706

 
596

 
 
 
 
 
 
 
Income Taxes on Gross Gains
 
262

 
148

 
209


Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of year-end 2019 and 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
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
December 31, 2019
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
4,631

 
$
(9
)
 
$

 
$

 
$
4,631

 
$
(9
)
MBS/CMO
 
89,267

 
(241
)
 
155,989

 
(1,555
)
 
245,256

 
(1,796
)
Total
 
$
93,898

 
$
(250
)
 
$
155,989

 
$
(1,555
)
 
$
249,887

 
$
(1,805
)

 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
December 31, 2018
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of State and Political Subdivisions
 
$
37,936

 
$
(286
)
 
$
49,071

 
$
(1,037
)
 
$
87,007

 
$
(1,323
)
MBS/CMO
 
56,386

 
(601
)
 
356,218

 
(12,155
)
 
412,604

 
(12,756
)
Total
 
$
94,322

 
$
(887
)
 
$
405,289

 
$
(13,192
)
 
$
499,611

 
$
(14,079
)