SECURITIES (Tables)

6 Months Ended

Jun. 30, 2020

SECURITIES

Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
June 30, 2020:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		61,994		2,064		(91)		63,967
Other		11,754		1		(139)		11,616
Other mortgage backed securities		28,649		89		(102)		28,636
Obligations of state and political subdivisions		139,006		11,869		(10)		150,865
Asset backed securities		40,127		—		(1,282)		38,845
Corporate debt securities		18,411		375		(26)		18,760
Total	$	299,941	$	14,398	$	(1,650)	$	312,689

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2019:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	2,852	$	3	$	—	$	2,855
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		77,131		539		(387)		77,283
Other		10,381		4		(88)		10,297
Other mortgage backed securities		11,145		3		(10)		11,138
Obligations of state and political subdivisions		114,934		5,490		(48)		120,376
Asset backed securities		37,596		115		(175)		37,536
Corporate debt securities		18,546		182		(285)		18,443
Total	$	272,585	$	6,336	$	(993)	$	277,928

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

	June 30, 2020
	Debt Securities Available-For-Sale
(Dollars in thousands)			U.S. Government		Other		Obligations
			Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury		Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities		Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—	$	—	$	—	$	2,893	$	—	$	2,650
Fair value		—		—		—		2,923		—		2,664
1 - 5 Years:
Amortized cost		—		672		—		19,099		2,213		15,761
Fair value		—		685		—		19,872		2,184		16,096
5 - 10 Years:
Amortized cost		—		23,257		6,011		23,360		9,579		—
Fair value		—		23,134		6,010		25,005		9,250		—
After 10 Years:
Amortized cost		—		49,819		22,638		93,654		28,335		—
Fair value		—		51,764		22,626		103,065		27,411		—
Total:
Amortized cost	$	—	$	73,748	$	28,649	$	139,006	$	40,127	$	18,411
Fair value		—		75,583		28,636		150,865		38,845		18,760

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

Schedule of unrealized and realized gains and losses recognized in net income on equity securities

(Dollars in thousands)	Six months ended		Six months ended
	June 30, 2020		June 30, 2019
Net (losses) and gains recognized during the period on equity securities	$	(470)	$	110
Less: Net gains and (losses) recognized during the period on equity securities sold during the period		—		—
Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date	$	(470)	$	110

Schedule of gross unrealized losses and fair value of the corporation?s debt securities

June 30, 2020

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		2,823		(10)		7,767		(81)		10,590		(91)
Other		3,559		(49)		6,512		(90)		10,071		(139)
Other mortgage backed debt securities		18,651		(102)		—		—		18,651		(102)
Obligations of state and political subdivisions		1,275		(10)		—		—		1,275		(10)
Asset backed securities		38,845		(1,282)		—		—		38,845		(1,282)
Corporate debt securities		1,492		(9)		4,483		(17)		5,975		(26)
Total	$	66,645	$	(1,462)	$	18,762	$	(188)	$	85,407	$	(1,650)

December 31, 2019

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	—	$	—	$	—	$	—
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		39,085		(221)		12,650		(166)		51,735		(387)
Other		4,382		(24)		4,594		(64)		8,976		(88)
Other mortgage backed debt securities		4,056		(10)		—		—		4,056		(10)
Obligations of state and political subdivisions		1,993		(15)		1,081		(33)		3,074		(48)
Asset backed securities		19,236		(175)		—		—		19,236		(175)
Corporate debt securities		3,484		(16)		7,231		(269)		10,715		(285)
Total	$	72,236	$	(461)	$	25,556	$	(532)	$	97,792	$	(993)