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Securities (Tables)
3 Months Ended
Mar. 31, 2019
Securities [Abstract]  
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

March 31, 2019



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

97,955 

 

$

726 

 

$

(488)

 

$

98,193 

Corporate obligations

 

 

8,854 

 

 

 -

 

 

(107)

 

 

8,747 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

137,121 

 

 

52 

 

 

(3,492)

 

 

133,681 

Total debt securities

 

$

243,930 

 

$

778 

 

$

(4,087)

 

$

240,621 



 

 

 

 

 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2018



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

 

 

 

 

 

 

 

 

 

 

 



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

99,218 

 

$

385 

 

$

(1,990)

 

$

97,613 

Corporate obligations

 

 

8,896 

 

 

 -

 

 

(256)

 

 

8,640 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

142,197 

 

 

25 

 

 

(5,198)

 

 

137,024 

Total debt securities

 

$

250,311 

 

$

410 

 

$

(7,444)

 

$

243,277 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continous Unrealized Loss Position



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



March 31, 2019



Less than 12 Months

 

12 Months or More

 

Total



Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

States and political subdivisions

$

773 

 

$

(11)

 

$

52,523 

 

$

(477)

 

$

53,296 

 

$

(488)

Corporate obligations

 

 -

 

 

 -

 

 

8,747 

 

 

(107)

 

 

8,747 

 

 

(107)

Mortgage-backed securities-government sponsored entities

 

1,747 

 

 

(2)

 

 

120,061 

 

 

(3,490)

 

 

121,808 

 

 

(3,492)



$

2,520 

 

$

(13)

 

$

181,331 

 

$

(4,074)

 

$

183,851 

 

$

(4,087)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2018



Less than 12 Months

 

12 Months or More

 

Total



Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

States and political subdivisions

$

19,140 

 

$

(390)

 

$

56,740 

 

$

(1,600)

 

$

75,880 

 

$

(1,990)

Corporate obligations

 

2,045 

 

 

(21)

 

 

6,595 

 

 

(235)

 

 

8,640 

 

 

(256)

Mortgage-backed securities-government sponsored entities

 

8,444 

 

 

(22)

 

 

122,950 

 

 

(5,176)

 

 

131,394 

 

 

(5,198)



$

29,629 

 

$

(433)

 

$

186,285 

 

$

(7,011)

 

$

215,914 

 

$

(7,444)



Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity



 

 

 

 

 

 



 

 

 

 

 

 



 

Available for Sale

 

 

Amortized Cost

 

Fair Value



 

 

(In Thousands)



 

 

 

 

 

 

Due in one year or less

 

$

2,689 

 

$

2,689 

Due after one year through five years

 

 

21,030 

 

 

20,874 

Due after five years through ten years

 

 

45,176 

 

 

44,948 

Due after ten years

 

 

37,914 

 

 

38,429 



 

 

106,809 

 

 

106,940 

Mortgage-backed securities-government sponsored entities

 

 

137,121 

 

 

133,681 



 

$

243,930 

 

$

240,621 



Gross Realized Gains and Losses on Sales of Securities Available-for-Sale



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months



 

Ended March 31,



 

2019

 

2018

Gross realized gains

 

$

 -

 

$

142 

Gross realized losses

 

 

 -

 

 

 -

Net realized gain

 

$

 -

 

$

142 

Proceeds from sales of securities

 

$

327 

 

$

10,761