NOTE 2 - INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

Amortized cost and fair value of investment securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
	(dollars in thousands)
June 30, 2019:
Securities HTM:
Municipal securities	$	387,663	$	17,967	$	(468)	$	405,162
Other securities		1,050		—		—		1,050
	$	388,713	$	17,967	$	(468)	$	406,212
Securities AFS:
U.S. govt. sponsored agency securities	$	35,430	$	431	$	(99)	$	35,762
Residential mortgage-backed and related securities		157,760		2,053		(585)		159,228
Municipal securities		51,948		1,259		(18)		53,189
Other securities		6,754		157		—		6,911
	$	251,892	$	3,900	$	(702)	$	255,090

			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)
June 30, 2019:
Securities HTM:
Municipal securities	$	513	$	(3)	$	21,731	$	(465)	$	22,244	$	(468)
Other securities		—		—		—		—		—		—
	$	513	$	(3)	$	21,731	$	(465)	$	22,244	$	(468)
Securities AFS:
U.S. govt. sponsored agency securities	$	—	$	—	$	6,652	$	(99)	$	6,652	$	(99)
Residential mortgage-backed and related securities		—		—		47,176		(585)		47,176		(585)
Municipal securities		—		—		2,914		(18)		2,914		(18)
Other securities		248		—		—		—		248		—
	$	248	$	—	$	56,742	$	(702)	$	56,990	$	(702)

	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)

Realized gain (loss) on investments

	Three and Six Months Ended
	June 30, 2019
	(dollars in thousands)
Proceeds from sales of securities	$	4,661
Gross gains from sales of securities		—
Gross losses from sales of securities		(52)

Investments classified by maturity date

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Due in one year or less	$	2,781	$	2,794
Due after one year through five years		32,323		32,929
Due after five years		353,609		370,489
	$	388,713	$	406,212
Securities AFS:
Due in one year or less	$	1,624	$	1,633
Due after one year through five years		27,466		27,638
Due after five years		65,042		66,591
		94,132		95,862
Residential mortgage-backed and related securities		157,760		159,228
	$	251,892	$	255,090

Schedule of investment in callable securities

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Municipal securities	$	188,313	$	193,173
Securities AFS:
U.S. govt. sponsored agency securities		4,999		5,003
Municipal securities		44,184		45,185
Other securities		6,505		6,662
	$	55,688	$	56,850