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SECURITIES (Tables)
 9 Months Ended
Sep. 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 September 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
 
$
243,344
  
$
3,455
  
$
(277
)
 
$
246,522
 
U. S. sponsored agency CMO’s - residential
  
66,774
   
1,104
   
(71
)
  
67,807
 
Total mortgage-backed securities of government sponsored agencies
  
310,118
   
4,559
   
(348
)
  
314,329
 
U. S. government sponsored agency securities
  
17,967
   
383
   
(12
)
  
18,338
 
Obligations of states and political subdivisions
  
12,112
   
472
   
-
   
12,584
 
Other securities
  
2,448
   
112
   
-
   
2,560
 
Total available for sale
 
$
342,645
  
$
5,526
  
$
(360
)
 
$
347,811
 

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
 
$
7,115
  
$
7,123
 
Due after one year through five years
  
17,036
   
17,449
 
Due after five years through ten years
  
3,967
   
4,156
 
Due after ten years
  
4,409
   
4,754
 
Mortgage-backed securities of government sponsored agencies
  
310,118
   
314,329
 
Total available for sale
 
$
342,645
  
$
347,811
 
Securities with Unrealized Losses in Continuous Unrealized Loss Position
Securities with unrealized losses at September 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 agency securities
 
$
-
  
$
-
  
$
6,205
  
$
(12
)
 
$
6,205
  
$
(12
)
U.S government sponsored agency MBS – residential
  
31,976
   
(141
)
  
13,629
   
(136
)
  
45,605
   
(277
)
U.S government sponsored agency CMO – residential
  
-
   
-
   
9,826
   
(71
)
  
9,826
   
(71
)
Total temporarily impaired
 
$
31,976
  
$
(141
)
 
$
29,660
  
$
(219
)
 
$
61,636
  
$
(360
)

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
)