Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT SECURITIES (Tables)

v3.10.0.1
INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and related market value of investment securities available-for-sale
Investment Portfolio Composition. The amortized cost and related market value of investment securities available-for-sale and
held-to-maturity were as follows:
June 30, 2018 December 31, 2017
Amortized Unrealized Unrealized Market Amortized Unrealized Unrealized Market
Cost Gains Losses Value Cost Gain Losses Value
Available for Sale
U.S. Government Treasury $ 262,471 $ 12 $ 3,745 $ 258,738 $ 237,505 $ - $ 2,164 $ 235,341
U.S. Government Agency 159,906 656 653 159,909 144,324 727 407 144,644
States and Political Subdivisions 66,348 1 218 66,131 91,533 2 378 91,157
Mortgage-Backed Securities 940 58 - 998 1,102 83 - 1,185
Equity Securities(1) 7,886 - - 7,886 8,584 - - 8,584
Total $ 497,551 $ 727 $ 4,616 $ 493,662 $ 483,048 $ 812 $ 2,949 $ 480,911
Held to Maturity
U.S. Government Treasury $ 50,124 $ - $ 668 $ 49,456 $ 98,256 $ - $ 441 $ 97,815
States and Political Subdivisions 6,621 - 32 6,589 6,996 - 41 6,955
Mortgage-Backed Securities 180,019 165 3,050 177,134 111,427 22 1,212 110,237
Total $ 236,764 $ 165 $ 3,750 $ 233,179 $ 216,679 $ 22 $ 1,694 $ 215,007
Total Investment Securities $ 734,315 $ 892 $ 8,366 $ 726,841 $ 699,727 $ 834 $ 4,643 $ 695,918
Schedule of investment securities with maturity distribution based on contractual maturities
Available for Sale Held to Maturity
(Dollars in Thousands) Amortized Cost Market Value Amortized Cost Market Value
Due in one year or less $ 92,474   $ 92,106   $ 16,635   $ 16,617
Due after one year through five years   264,809     260,934     40,110     39,428
Mortgage-Backed Securities 940 998 180,019 177,134
U.S. Government Agency   131,442     131,738     -     -
Equity Securities   7,886     7,886     -     -
Total $ 497,551   $ 493,662   $ 236,764   $ 233,179
Schedule of investment securities with continuous unrealized loss position
  Less Than Greater Than
12 Months 12 Months Total
Market Unrealized Market Unrealized Market Unrealized
(Dollars in Thousands) Value Losses Value Losses Value Losses
June 30, 2018
Available for Sale
U.S. Government Treasury $ 146,449   $ 2,127   $ 97,386   $ 1,618   $ 243,835   $ 3,745
U.S. Government Agency 67,628 377 25,212 276 92,840 653
States and Political Subdivisions 54,511   176   5,079   42   59,590   218
Mortgage-Backed Securities   2     -     -     -     2     -
Total 268,590   2,680   127,677   1,936   396,267   4,616
Held to Maturity
U.S. Government Treasury   24,574   489   24,882   179   49,456     668
States and Political Subdivisions 6,093 25 496 7 6,589 32
Mortgage-Backed Securities   108,323     1,742     29,894     1,308     138,217     3,050
Total $ 138,990   $ 2,256   $ 55,272   $ 1,494   $ 194,262   $ 3,750
December 31, 2017
Available for Sale 
U.S. Government Treasury $ 155,443   $ 963   $ 79,900   $ 1,201   $ 235,343   $ 2,164
U.S. Government Agency 45,737 150 25,757 257 71,494 407
States and Political Subdivisions   82,999     320     5,549     58     88,548     378
Mortgage-Backed Securities 2 - - - 2 -
Total 284,181   1,433   111,206   1,516   395,387   2,949
Held to Maturity
U.S. Government Treasury   77,861     298     14,939     143     92,800     441
States and Political Subdivisions 6,955 41 - - 6,955 41
Mortgage-Backed Securities 56,030 469 30,216 743 86,246 1,212
Total $ 140,846   $ 808   $ 45,155   $ 886   $ 186,001   $ 1,694