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Securities (Tables)
6 Months Ended
Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
Securities available for sale at June 30, 2019 and December 31, 2018 are as follows:
 
June 30, 2019
 
December 31, 2018
 
Amortized
 
Unrealized
 
Fair
 
Amortized
 
Unrealized
 
Fair
 
Cost
 
Gains
 
Losses
 
Value
 
Cost
 
Gains
 
Losses
 
Value
U.S. Gov’t sponsored entities
$
138,235

 
$
2,633

 
$
(141
)
 
$
140,727

 
$
134,010

 
$
254

 
$
(1,570
)
 
$
132,694

State & political subdivisions
116,140

 
3,387

 
(73
)
 
119,454

 
134,662

 
1,942

 
(573
)
 
136,031

Residential & multi-family mortgage
229,925

 
4,086

 
(947
)
 
233,064

 
209,126

 
500

 
(3,573
)
 
206,053

Corporate notes & bonds
12,352

 
16

 
(479
)
 
11,889

 
12,356

 
22

 
(601
)
 
11,777

Pooled SBA
27,671

 
373

 
(168
)
 
27,876

 
30,163

 
135

 
(924
)
 
29,374

Other
1,020

 
0

 
(60
)
 
960

 
1,020

 
0

 
(86
)
 
934

Total
$
525,343

 
$
10,495

 
$
(1,868
)
 
$
533,970

 
$
521,337

 
$
2,853

 
$
(7,327
)
 
$
516,863


Trading Securities
Trading securities at June 30, 2019 and December 31, 2018 are as follows:
 
June 30, 2019
 
December 31, 2018
Corporate equity securities
$
7,155

 
$
5,828

Mutual funds
916

 
1,058

Certificates of deposit
179

 
268

Corporate notes and bonds
603

 
581

U.S. Government sponsored entities
51

 
51

Total
$
8,904

 
$
7,786


Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position
Securities with unrealized losses at June 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:
June 30, 2019
 
Less than 12 Months
 
12 Months or More
 
Total
Description of Securities
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
U.S. Gov’t sponsored entities
$
0

 
$
0

 
$
35,941

 
$
(141
)
 
$
35,941

 
$
(141
)
State & political subdivisions
870

 
0

 
732

 
(73
)
 
1,602

 
(73
)
Residential & multi-family mortgage
8,001

 
(57
)
 
51,298

 
(890
)
 
59,299

 
(947
)
Corporate notes & bonds
0

 
0

 
9,522

 
(479
)
 
9,522

 
(479
)
Pooled SBA
0

 
0

 
13,975

 
(168
)
 
13,975

 
(168
)
Other
0

 
0

 
960

 
(60
)
 
960

 
(60
)
 
$
8,871

 
$
(57
)
 
$
112,428

 
$
(1,811
)
 
$
121,299

 
$
(1,868
)

December 31, 2018
 
Less than 12 Months
 
12 Months or More
 
Total
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
U.S. Gov’t sponsored entities
$
14,786

 
$
(41
)
 
$
70,676

 
$
(1,529
)
 
$
85,462

 
$
(1,570
)
State & political subdivisions
13,834

 
(62
)
 
21,080

 
(511
)
 
34,914

 
(573
)
Residential & multi-family mortgage
69,015

 
(656
)
 
87,286

 
(2,917
)
 
156,301

 
(3,573
)
Corporate notes & bonds
0

 
0

 
9,759

 
(601
)
 
9,759

 
(601
)
Pooled SBA
760

 
(7
)
 
20,795

 
(917
)
 
21,555

 
(924
)
Other
0

 
0

 
934

 
(86
)
 
934

 
(86
)
 
$
98,395

 
$
(766
)
 
$
210,530

 
$
(6,561
)
 
$
308,925

 
$
(7,327
)

Information Pertaining to Security Sales
Information pertaining to security sales on available for sale securities is as follows:
 
Proceeds
 
Gross
Gains
 
Gross
Losses
Three months ended June 30, 2019
$
0

 
$
0

 
$
0

Three months ended June 30, 2018
$
0

 
$
0

 
$
0

Six months ended June 30, 2019
$
11,403

 
$
152

 
$
4

Six months ended June 30, 2018
$
0

 
$
0

 
$
0


Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities
The following is a schedule of the contractual maturity of securities available for sale at June 30, 2019:
 
Amortized
Cost
 
Fair
Value
1 year or less
$
76,122

 
$
75,987

1 year – 5 years
113,884

 
115,445

5 years – 10 years
71,326

 
75,086

After 10 years
5,395

 
5,552

 
266,727

 
272,070

Residential and multi-family mortgage
229,925

 
233,064

Pooled SBA
27,671

 
27,876

Other
1,020

 
960

Total debt securities
$
525,343

 
$
533,970