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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

September 30, 2019



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

78,145 

 

$

1,396 

 

$

(14)

 

$

79,527 

Corporate obligations

 

 

6,200 

 

 

 

 

(4)

 

 

6,201 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

126,087 

 

 

346 

 

 

(962)

 

 

125,471 

Total debt securities

 

$

210,432 

 

$

1,747 

 

$

(980)

 

$

211,199 



 

 

 

 

 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

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



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 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

$

7,697 

 

$

(12)

 

$

481 

 

$

(2)

 

$

8,178 

 

$

(14)

Corporate obligations

 

 -

 

 

 -

 

 

3,109 

 

 

(4)

 

 

3,109 

 

 

(4)

Mortgage-backed securities-government sponsored entities

 

25,071 

 

 

(118)

 

 

64,124 

 

 

(844)

 

 

89,195 

 

 

(962)



$

32,768 

 

$

(130)

 

$

67,714 

 

$

(850)

 

$

100,482 

 

$

(980)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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

 

$

4,365 

 

$

4,378 

Due after one year through five years

 

 

17,693 

 

 

17,705 

Due after five years through ten years

 

 

33,194 

 

 

33,365 

Due after ten years

 

 

29,093 

 

 

30,280 



 

 

84,345 

 

 

85,728 

Mortgage-backed securities-government sponsored entities

 

 

126,087 

 

 

125,471 



 

$

210,432 

 

$

211,199 



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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months

 

Nine Months



 

Ended September 30,

 

Ended September 30,



 

2019

 

2018

 

2019

 

2018

Gross realized gains

 

$

169 

 

$

13 

 

$

233 

 

$

213 

Gross realized losses

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Net realized gain

 

$

169 

 

$

13 

 

$

233 

 

$

213 

Proceeds from sales of securities

 

$

19,326 

 

$

3,162 

 

$

22,862 

 

$

17,745