Securities (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Securities available for sale at June 30, 2021 and December 31, 2020 are as follows:


	June 30, 2021								December 31, 2020
	Amortized		Unrealized				Fair		Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Gov’t sponsored entities	$	147,588	$	4,882	$	(1,035)	$	151,435	$	150,404	$	6,698	$	(60)	$	157,042
State & political subdivisions	88,508		2,651		(602)		90,557		67,819		3,186		(122)		70,883
Residential & multi-family mortgage	384,456		7,175		(3,406)		388,225		306,054		9,276		(138)		315,192
Corporate notes & bonds	22,434		191		(291)		22,334		15,221		105		(400)		14,926
Pooled SBA	21,896		659		(6)		22,549		24,975		912		(1)		25,886
Other	0		0		0		0		1,020		0		(41)		979
Total	$	664,882	$	15,558	$	(5,340)	$	675,100	$	565,493	$	20,177	$	(762)	$	584,908

Information pertaining to security sales on available for sale securities is as follows:


	Proceeds		Gross Gains		Gross Losses
Three months ended June 30, 2021	$	0	$	0	$	0
Three months ended June 30, 2020	$	57,185	$	2,257	$	67
Six months ended June 30, 2021	$	0	$	0	$	0
Six months ended June 30, 2020	$	57,185	$	2,257	$	67

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, 2021:


	Amortized Cost		Fair Value
1 year or less	$	29,957	$	30,055
1 year – 5 years	104,797		107,231
5 years – 10 years	114,259		117,338
After 10 years	9,517		9,702
	258,530		264,326
Residential & multi-family mortgage	384,456		388,225
Pooled SBA	21,896		22,549

Total debt securities	$	664,882	$	675,100

Securities with Unrealized Loss Position

Securities with unrealized losses at June 30, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

June 30, 2021


	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	$	56,991	$	(1,035)	$	0	$	0	$	56,991	$	(1,035)
State & political subdivisions	24,376		(521)		344		(81)		24,720		(602)
Residential & multi-family mortgage	158,681		(3,116)		7,060		(290)		165,741		(3,406)
Corporate notes & bonds	1,929		(53)		4,763		(238)		6,692		(291)
Pooled SBA	1,910		(6)		0		0		1,910		(6)

	$	243,887	$	(4,731)	$	12,167	$	(609)	$	256,054	$	(5,340)

December 31, 2020


	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	$	24,991	$	(60)	0		0		$	24,991	$	(60)
State & political subdivisions	3,854		(19)		164		(103)		4,018		(122)
Residential & multi-family mortgage	44,092		(119)		3,277		(19)		47,369		(138)
Corporate notes & bonds	0		0		4,545		(400)		4,545		(400)
Pooled SBA	525		(1)		0		0		525		(1)
Other	0		0		979		(41)		979		(41)
	$	73,462	$	(199)	$	8,965	$	(563)	$	82,427	$	(762)

Trading Securities

Trading securities at June 30, 2021 and December 31, 2020 are as follows:


	June 30, 2021		December 31, 2020
Corporate equity securities	$	6,550	$	4,343
Mutual funds	2,638		1,283
Certificates of deposit	181		404
Corporate notes and bonds	591		569
U.S. Government sponsored entities	0		50
Total	$	9,960	$	6,649