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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-For-Sale Securities
Information related to the amortized cost, fair value and allowance for credit losses 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.
(dollars in thousands)Amortized
Cost
Gross Unrealized GainGross Unrealized LossesAllowance for Credit LossesFair Value
June 30, 2021
U.S. Treasury securities$900 $0 $0 $0 $900 
U.S. government sponsored agencies90,120 506 (254)0 90,372 
Mortgage-backed securities: residential442,803 6,558 (2,383)0 446,978 
Mortgage-backed securities: commercial29,480 641 0 0 30,121 
State and municipal securities531,035 25,054 (225)0 555,864 
Total$1,094,338 $32,759 $(2,862)$0 $1,124,235 
December 31, 2020
U.S. government sponsored agencies$36,492 $56 $(61)$$36,487 
Mortgage-backed securities: residential270,231 9,289 (17)279,503 
Mortgage-backed securities: commercial35,877 1,004 36,881 
State and municipal securities355,306 26,696 (28)381,974 
Total$697,906 $37,045 $(106)$$734,845 
Schedule of Available-For-Sale Securities By Maturity
Information regarding the fair value and amortized cost of available-for-sale debt securities by maturity as of June 30, 2021 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.
(dollars in thousands)Amortized CostFair
Value
Due in one year or less$2,695 $2,706 
Due after one year through five years10,785 11,057 
Due after five years through ten years58,964 61,382 
Due after ten years549,611 571,991 
622,055 647,136 
Mortgage-backed securities472,283 477,099 
Total debt securities$1,094,338 $1,124,235 
Schedule of Sales of Securities Available For Sale
Securities proceeds, gross gains and gross losses are presented below.
Three months ended June 30,Six Months Ended June 30,
(dollars in thousands)2021202020212020
Sales of securities available-for-sale
Proceeds$458 $1,148 $13,964 $1,148 
Gross gains44 49 797 49 
Gross losses0 0 
Number of securities1 8 
Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position
Information regarding securities with unrealized losses as of June 30, 2021 and December 31, 2020 is presented below. 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 months12 months or moreTotal
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
June 30, 2021            
U.S. government sponsored agencies$35,386 $254 $0 $0 $35,386 $254 
Mortgage-backed securities: residential171,318 2,383 0 0 171,318 2,383 
Mortgage-backed securities: commercial0 0 0 0 0 0 
State and municipal securities58,684 225 0 0 58,684 225 
Total temporarily impaired$265,388 $2,862 $0 $0 $265,388 $2,862 
December 31, 2020
U.S. government sponsored agencies$19,800 $61 $$$19,800 $61 
Mortgage-backed securities: residential3,112 17 3,115 17 
Mortgage-backed securities: commercial
State and municipal securities6,921 28 6,921 28 
Total temporarily impaired$26,724 $89 $3,112 $17 $29,836 $106 
Schedule of Quantitative Disclosure of Available-For-Sale Securities
The total number of securities with unrealized losses as of June 30, 2021 and December 31, 2020 is presented below.
Less than
12 months
12 months
or more
Total
June 30, 2021    
U.S. government sponsored agencies6 0 6 
Mortgage-backed securities: residential20 0 20 
Mortgage-backed securities: commercial0 0 0 
State and municipal securities44 0 44 
Total temporarily impaired70 0 70 
December 31, 2020
U.S. government sponsored agencies
Mortgage-backed securities: residential
Mortgage-backed securities: commercial
State and municipal securities
Total temporarily impaired