NOTE 2 - INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Amortized cost and fair value of investment securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
	(dollars in thousands)
March 31, 2019:
Securities HTM:
Municipal securities	$	394,252	$	13,126	$	(2,056)	$	405,322
Other securities		1,050		—		(1)		1,049
	$	395,302	$	13,126	$	(2,057)	$	406,371
Securities AFS:
U.S. govt. sponsored agency securities	$	36,141	$	89	$	(387)	$	35,843
Residential mortgage-backed and related securities		163,438		351		(2,097)		161,692
Municipal securities		55,585		649		(110)		56,124
Other securities		6,754		74		(40)		6,788
	$	261,918	$	1,163	$	(2,634)	$	260,447

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
	(dollars in thousands)
December 31, 2018:
Securities HTM:
Municipal securities	$	400,863	$	5,661	$	(6,803)	$	399,721
Other securities		1,050		—		(1)		1,049
	$	401,913	$	5,661	$	(6,804)	$	400,770
Securities AFS:
U.S. govt. sponsored agency securities	$	37,150	$	39	$	(778)	$	36,411
Residential mortgage-backed and related securities		163,698		182		(4,631)		159,249
Municipal securities		59,069		180		(703)		58,546
Other securities		6,754		100		(4)		6,850
	$	266,671	$	501	$	(6,116)	$	261,056

Securities have been in a continuous unrealized loss position

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(dollars in thousands)
March 31, 2019:
Securities HTM:
Municipal securities	$	8,722	$	(6)	$	64,045	$	(2,050)	$	72,767	$	(2,056)
Other securities		—		—		549		(1)		549		(1)
	$	8,722	$	(6)	$	64,594	$	(2,051)	$	73,316	$	(2,057)
Securities AFS:
U.S. govt. sponsored agency securities	$	803	$	(9)	$	29,973	$	(378)	$	30,776	$	(387)
Residential mortgage-backed and related securities		4,160		(43)		129,508		(2,054)		133,668		(2,097)
Municipal securities		—		—		12,804		(110)		12,804		(110)
Other securities		4,214		(40)		—		—		4,214		(40)
	$	9,177	$	(92)	$	172,285	$	(2,542)	$	181,462	$	(2,634)

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(dollars in thousands)
December 31, 2018:
Securities HTM:
Municipal securities	$	114,201	$	(2,187)	$	69,412	$	(4,616)	$	183,613	$	(6,803)
Other securities		549		(1)		—		—		549		(1)
	$	114,750	$	(2,188)	$	69,412	$	(4,616)	$	184,162	$	(6,804)
Securities AFS:
U.S. govt. sponsored agency securities	$	1,565	$	(34)	$	29,605	$	(744)	$	31,170	$	(778)
Residential mortgage-backed and related securities		12,810		(148)		133,535		(4,483)		146,345		(4,631)
Municipal securities		28,356		(394)		15,932		(309)		44,288		(703)
Other securities		4,249		(4)		—		—		4,249		(4)
	$	46,980	$	(580)	$	179,072	$	(5,536)	$	226,052	$	(6,116)

Investments classified by maturity date

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Due in one year or less	$	2,060	$	2,064
Due after one year through five years		28,228		28,544
Due after five years		365,014		375,763
	$	395,302	$	406,371
Securities AFS:
Due in one year or less	$	1,375	$	1,387
Due after one year through five years		52,247		51,874
Due after five years		44,858		45,494
		98,480		98,755
Residential mortgage-backed and related securities		163,438		161,692
	$	261,918	$	260,447

Schedule of investment in callable securities

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Municipal securities	$	205,929	$	209,592
Securities AFS:
U.S. govt. sponsored agency securities		4,999		4,955
Municipal securities		47,809		48,158
Other securities		6,505		6,541
	$	59,313	$	59,654