Securities (Tables)

9 Months Ended

Sep. 30, 2019

Investments Debt And Equity Securities [Abstract]

Available for Sale Securities

The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized were as follows:

September 30, 2019	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies	$	21,534	$	216	$	(13	)	$	21,737
Obligations of states and political subdivisions		179,954		14,314		(13	)		194,255
Mortgage-backed securities in government sponsored    entities		134,664		4,739		(108	)		139,295
Total debt securities	$	336,152	$	19,269	$	(134	)	$	355,287

December 31, 2018	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S.    government agencies	$	30,623	$	202	$	(140	)	$	30,685
Obligations of states and political subdivisions		168,993		3,680		(602	)		172,071
Mortgage-backed securities in government sponsored    entities		143,707		1,024		(1,193	)		143,538
Total debt securities	$	343,323	$	4,906	$	(1,935	)	$	346,294

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2019, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities are shown separately.

Available for sale	Amortized Cost		Fair Value
Due in one year or less	$	10,142	$	10,134
Due after one year through five years		16,274		16,558
Due after five years through ten years		21,766		23,229
Due after ten years		153,306		166,071
Mortgage-backed securities		134,664		139,295
Total securities available for sale	$	336,152	$	355,287

Proceeds from Sales of Securities, Gross Realized Gains and Losses

Proceeds from sales of securities, gross realized gains and gross realized losses were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Sale proceeds	$	—	$	12,063	$	16,829	$	12,063
Gross realized gains		—		—		47		—
Gross realized losses		—		392		43		392
Gains from securities called or settled by the issuer		3		6		13		6

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at September 30, 2019 and December 31, 2018 not recognized in income are as follows:

September 30, 2019	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies	$	—	$	—		$	3,430	$	(13	)	$	3,430	$	(13	)
Obligations of states and political subdivisions		957		(12	)		1,005		(1	)		1,962		(13	)
Mortgage-backed securities in gov’t sponsored    entities		4,866		(33	)		12,884		(75	)		17,750		(108	)
Total temporarily impaired	$	5,823	$	(45	)	$	17,319	$	(89	)	$	23,142	$	(134	)

December 31, 2018	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies	$	—	$	—		$	16,469	$	(140	)	$	16,469	$	(140	)
Obligations of states and political subdivisions		8,008		(71	)		25,890		(531	)		33,898		(602	)
Mortgage-backed securities in gov’t sponsored    entities		6,630		(90	)		40,333		(1,103	)		46,963		(1,193	)
Total temporarily impaired	$	14,638	$	(161	)	$	82,692	$	(1,774	)	$	97,330	$	(1,935	)

Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments

The following table presents the net gains and losses on equity investments recognized in earnings for the three and nine months ended September 30, 2019 and 2018, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2019 and 2018:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net gains recognized on equity securities during the period	$	112	$	27	$	81	$	102
Less: Net gains (losses) realized on the sale of equity securities    during the period		—		—		—		—
Unrealized gains recognized in equity securities held at    reporting date	$	112	$	27	$	81	$	102