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Securities (Tables)
6 Months Ended
Jun. 30, 2019
Securities [Abstract]  
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

June 30, 2019



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

92,821 

 

$

1,186 

 

$

(72)

 

$

93,935 

Corporate obligations

 

 

8,812 

 

 

17 

 

 

(24)

 

 

8,805 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

136,572 

 

 

292 

 

 

(1,521)

 

 

135,343 

Total debt securities

 

$

238,205 

 

$

1,495 

 

$

(1,617)

 

$

238,083 



 

 

 

 

 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

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



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



June 30, 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

$

402 

 

$

 -

 

$

21,268 

 

$

(72)

 

$

21,670 

 

$

(72)

Corporate obligations

 

 -

 

 

 -

 

 

5,194 

 

 

(24)

 

 

5,194 

 

 

(24)

Mortgage-backed securities-government sponsored entities

 

3,497 

 

 

(11)

 

 

95,971 

 

 

(1,510)

 

 

99,468 

 

 

(1,521)



$

3,899 

 

$

(11)

 

$

122,433 

 

$

(1,606)

 

$

126,332 

 

$

(1,617)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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

 

$

2,957 

 

$

2,960 

Due after one year through five years

 

 

21,142 

 

 

21,144 

Due after five years through ten years

 

 

44,101 

 

 

44,298 

Due after ten years

 

 

33,433 

 

 

34,338 



 

 

101,633 

 

 

102,740 

Mortgage-backed securities-government sponsored entities

 

 

136,572 

 

 

135,343 



 

$

238,205 

 

$

238,083 



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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months

 

Six Months



 

Ended June 30,

 

Ended June 30,



 

2019

 

2018

 

2019

 

2018

Gross realized gains

 

$

64 

 

$

58 

 

$

64 

 

$

200 

Gross realized losses

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Net realized gain

 

$

64 

 

$

58 

 

$

64 

 

$

200 

Proceeds from sales of securities

 

$

3,299 

 

$

3,822 

 

$

3,626 

 

$

14,583