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Securities (Tables)
 3 Months Ended
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale

Securities available for sale at March 31, 2020 and December 31, 2019 are as follows:
 
March 31, 2020
 
December 31, 2019
 
Amortized
 
Unrealized
 
Fair
 
Amortized
 
Unrealized
 
Fair
 
Cost
 
Gains
 
Losses
 
Value
 
Cost
 
Gains
 
Losses
 
Value
U.S. Gov’t sponsored entities
$
119,158

 
$
6,908

 
$
0

 
$
126,066

 
$
124,189

 
$
2,924

 
$
(19
)
 
$
127,094

State & political subdivisions
99,926

 
3,664

 
(298
)
 
103,292

 
101,177

 
3,288

 
(102
)
 
104,363

Residential & multi-family mortgage
295,695

 
12,052

 
(227
)
 
307,520

 
273,404

 
4,117

 
(885
)
 
276,636

Corporate notes & bonds
8,350

 
12

 
(740
)
 
7,622

 
8,350

 
14

 
(282
)
 
8,082

Pooled SBA
24,168

 
933

 
0

 
25,101

 
25,063

 
274

 
(163
)
 
25,174

Other
1,020

 
0

 
(39
)
 
981

 
1,020

 
0

 
(56
)
 
964

Total
$
548,317

 
$
23,569

 
$
(1,304
)
 
$
570,582

 
$
533,203

 
$
10,617

 
$
(1,507
)
 
$
542,313
Trading Securities
Trading securities at March 31, 2020 and December 31, 2019 are as follows:
 
March 31, 2020
 
December 31, 2019
Corporate equity securities
$
3,699

 
$
7,946

Mutual funds
487

 
807

Certificates of deposit
614

 
350

Corporate notes and bonds
655

 
655

U.S. Government sponsored entities
52

 
51

Total
$
5,507

 
$
9,809
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 March 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:
March 31, 2020
 
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

 
$
0

 
$
0

 
$
0

 
$
0

State & political subdivisions
3,761

 
(111
)
 
682

 
(187
)
 
4,443

 
(298
)
Residential & multi-family mortgage
2,382

 
(63
)
 
2,822

 
(164
)
 
5,204

 
(227
)
Corporate notes & bonds
0

 
0

 
4,848

 
(740
)
 
4,848

 
(740
)
Pooled SBA
0

 
0

 
0

 
0

 
0

 
0

Other
0

 
0

 
981

 
(39
)
 
981

 
(39
)
 
$
6,143

 
$
(174
)
 
$
9,333

 
$
(1,130
)
 
$
15,476

 
$
(1,304
)

December 31, 2019
 
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
$
7,040

 
$
(3
)
 
$
14,989

 
$
(16
)
 
$
22,029

 
$
(19
)
State & political subdivisions
826

 
(5
)
 
684

 
(97
)
 
1,510

 
(102
)
Residential & multi-family mortgage
41,841

 
(346
)
 
32,555

 
(539
)
 
74,396

 
(885
)
Corporate notes & bonds
0

 
0

 
4,718

 
(282
)
 
4,718

 
(282
)
Pooled SBA
8,560

 
(80
)
 
6,075

 
(83
)
 
14,635

 
(163
)
Other
0

 
0

 
964

 
(56
)
 
964

 
(56
)
 
$
58,267

 
$
(434
)
 
$
59,985

 
$
(1,073
)
 
$
118,252

 
$
(1,507
)
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 March 31, 2020
$
0

 
$
0

 
$
0

Three months ended March 31, 2019
$
11,403

 
$
152

 
$
4
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 March 31, 2020:
 
Amortized
Cost
 
Fair
Value
1 year or less
$
64,728

 
$
64,979

1 year – 5 years
90,138

 
93,743

5 years – 10 years
65,049

 
70,592

After 10 years
7,519

 
7,666

 
227,434

 
236,980

Residential & multi-family mortgage
295,695

 
307,520

Pooled SBA
24,168

 
25,101

Other
1,020

 
981

Total debt securities
$
548,317

 
$
570,582