SECURITIES (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Summary of Available-For-Sale Securities

Information related to the fair value and amortized cost of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is provided in the tables below.

		Gross	Gross
	Amortized	Unrealized	Unrealized	Fair
(dollars in thousands)	Cost	Gain	Losses	Value
September 30, 2017
U.S. Treasury securities	$            991	$               17	$                 0	$         1,008
U.S. government sponsored agencies	5,473	9	(49)	5,433
Agency residential mortgage-backed securities	355,344	3,458	(1,793)	357,009
State and municipal securities	171,800	2,908	(1,611)	173,097
Total	$    533,608	$         6,392	$       (3,453)	$    536,547
December 31, 2016
U.S. Treasury securities	$              990	$                13	$                  0	$           1,003
U.S. government sponsored agencies	6,312	10	(81)	6,241
Agency residential mortgage-backed securities	351,108	3,604	(3,144)	351,568
State and municipal securities	146,917	1,784	(3,322)	145,379
Total	$       505,327	$           5,411	$         (6,547)	$       504,191

Schedule of Available-For-Sale Securities By Maturity

Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.

	Amortized	Fair
(dollars in thousands)	Cost	Value
Due in one year or less	$            2,331	$         2,347
Due after one year through five years	25,349	25,958
Due after five years through ten years	41,651	42,619
Due after ten years	108,933	108,614
	178,264	179,538
Mortgage-backed securities	355,344	357,009
Total debt securities	$       533,608	$    536,547

Schedule of Sales of Securities Available For Sale

Securities proceeds, gross gains and gross losses are presented below.

	Nine months ended September 30,
(dollars in thousands)	2017	2016
Sales of securities available for sale
Proceeds	$           35,845	$               6,929
Gross gains	256	65
Gross losses	(204)	(13)

Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position

The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.

	Less than 12 months		12 months or more		Total
	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
(dollars in thousands)	Value	Losses	Value	Losses	Value	Losses
September 30, 2017
U.S. government sponsored agencies	$        3,065	$         49	$               0	$            0	$        3,065	$         49
Agency residential mortgage-backed
securities	113,147	1,030	31,878	763	145,025	1,793
State and municipal securities	29,515	344	38,800	1,267	68,315	1,611
Total temporarily impaired	$   145,727	$    1,423	$     70,678	$    2,030	$   216,405	$    3,453
December 31, 2016
U.S. government sponsored agencies	$          3,290	$          81	$                0	$            0	$          3,290	$          81
Agency residential mortgage-backed
securities	181,699	2,882	7,080	262	188,779	3,144
State and municipal securities	77,434	3,180	2,361	142	79,795	3,322
Total temporarily impaired	$      262,423	$     6,143	$         9,441	$        404	$      271,864	$     6,547

Quantitative Disclosure of Available-For-Sale Securities

The total number of securities with unrealized losses as of September 30, 2017 and December 31, 2016 is presented below.

	Less than	12 months
	12 months	or more	Total
September 30, 2017
U.S. government sponsored agencies	1	0	1
Agency residential mortgage-backed securities	33	11	44
State and municipal securities	39	47	86
Total temporarily impaired	73	58	131
December 31, 2016
U.S. government sponsored agencies	1	0	1
Agency residential mortgage-backed securities	59	2	61
State and municipal securities	121	4	125
Total temporarily impaired	181	6	187