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SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2019
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Investment Securities, by Category
Amortized cost and fair value of investment securities, by category, at June 30, 2019 are summarized as follows:

2019
 
Amortized Cost
  
Unrealized Gains
  
Unrealized Losses
  
Fair Value
 
Available for sale
            
Mortgage-backed securities
            
U. S. sponsored agency MBS - residential
 
$
246,578
  
$
3,119
  
$
(242
)
 
$
249,455
 
U. S. sponsored agency CMO’s - residential
  
72,220
   
967
   
(98
)
  
73,089
 
Total mortgage-backed securities of government sponsored agencies
  
318,798
   
4,086
   
(340
)
  
322,544
 
U. S. government sponsored agency securities
  
21,351
   
488
   
(27
)
  
21,812
 
Obligations of states and political subdivisions
  
12,651
   
405
   
(2
)
  
13,054
 
Other securities
  
3,198
   
107
   
-
   
3,305
 
Total available for sale
 
$
355,998
  
$
5,086
  
$
(369
)
 
$
360,715
 


Amortized cost and fair value of investment securities, by category, at December 31, 2018 are summarized as follows:

2018
 
Amortized Cost
  
Unrealized Gains
  
Unrealized Losses
  
Fair Value
 
Available for sale
            
Mortgage-backed securities
            
U. S. sponsored agency MBS - residential
 
$
259,575
  
$
513
  
$
(4,846
)
 
$
255,242
 
U. S. sponsored agency CMO’s - residential
  
69,231
   
94
   
(782
)
  
68,543
 
Total mortgage-backed securities of government sponsored agencies
  
328,806
   
607
   
(5,628
)
  
323,785
 
U. S. government sponsored agency securities
  
24,154
   
196
   
(180
)
  
24,170
 
Obligations of states and political subdivisions
  
14,194
   
176
   
(43
)
  
14,327
 
Other securities
  
3,453
   
6
   
(10
)
  
3,449
 
Total available for sale
 
$
370,607
  
$
985
  
$
(5,861
)
 
$
365,731
 
Amortized Cost and Fair Value of Securities by Contractual Maturity
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

  
Amortized
Cost
  
Fair
Value
 
Available for sale
      
Due in one year or less
 
$
8,293
  
$
8,299
 
Due after one year through five years
  
15,818
   
16,165
 
Due after five years through ten years
  
8,172
   
8,501
 
Due after ten years
  
4,417
   
4,706
 
Corporate preferred securities
  
500
   
500
 
Mortgage-backed securities of government sponsored agencies
  
318,798
   
322,544
 
Total available for sale
 
$
355,998
  
$
360,715
 
Securities with Unrealized Losses in Continuous Unrealized Loss Position
Securities with unrealized losses at June 30, 2019 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:

  
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 government sponsored nagency securities
 
$
-
  
$
-
  
$
7,701
  
$
(27
)
 
$
7,701
  
$
(27
)
U.S government sponsored agency MBS – residential
  
-
   
-
   
35,474
   
(242
)
  
35,474
   
(242
)
U.S government sponsored agency CMO – residential
  
-
   
-
   
14,763
   
(98
)
  
14,763
   
(98
)
Obligations of states and political subdivisions
  
-
   
-
   
328
   
(2
)
  
328
   
(2
)
Total temporarily impaired
 
$
-
  
$
-
  
$
58,266
  
$
(369
)
 
$
58,266
  
$
(369
)

Securities with unrealized losses at 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:

  
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 government sponsored agency securities
 
$
999
  
$
-
  
$
11,057
  
$
(180
)
 
$
12,056
  
$
(180
)
U.S government sponsored agency MBS – residential
  
50,923
   
(243
)
  
158,791
   
(4,603
)
  
209,714
   
(4,846
)
U.S government sponsored agency CMO’s – residential
  
16,359
   
(41
)
  
26,386
   
(741
)
  
42,745
   
(782
)
Obligations of states and political subdivisions
  
679
   
(6
)
  
3,454
   
(37
)
  
4,133
   
(43
)
Other securities
  
1,712
   
(10
)
  
-
   
-
   
1,712
   
(10
)
Total temporarily impaired
 
$
70,672
  
$
(300
)
 
$
199,688
  
$
(5,561
)
 
$
270,360
  
$
(5,861
)