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Securities (Tables)
3 Months Ended
Mar. 31, 2020
Securities [Abstract]  
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

March 31, 2020



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

58,182 

 

$

1,340 

 

$

(1)

 

$

59,521 

Corporate obligations

 

 

3,076 

 

 

 -

 

 

(11)

 

 

3,065 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

131,382 

 

 

3,030 

 

 

 -

 

 

134,412 

Total debt securities

 

$

192,640 

 

$

4,370 

 

$

(12)

 

$

196,998 



 

 

 

 

 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2019



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

 

 

 

 

 

 

 

 

 

 

 



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

70,015 

 

$

1,293 

 

$

(3)

 

$

71,305 

Corporate obligations

 

 

4,097 

 

 

 

 

 -

 

 

4,100 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

135,646 

 

 

238 

 

 

(1,084)

 

 

134,800 

Total debt securities

 

$

209,758 

 

$

1,534 

 

$

(1,087)

 

$

210,205 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



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

$

1,195 

 

$

(1)

 

$

 -

 

$

 -

 

$

1,195 

 

$

(1)

Corporate obligations

 

3,065 

 

 

(11)

 

 

 -

 

 

 -

 

 

3,065 

 

 

(11)



$

4,260 

 

$

(12)

 

$

 -

 

$

 -

 

$

4,260 

 

$

(12)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 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

$

1,296 

 

$

(2)

 

$

481 

 

$

(1)

 

$

1,777 

 

$

(3)

Mortgage-backed securities-government sponsored entities

 

32,415 

 

 

(241)

 

 

61,096 

 

 

(843)

 

 

93,511 

 

 

(1,084)



$

33,711 

 

$

(243)

 

$

61,577 

 

$

(844)

 

$

95,288 

 

$

(1,087)



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

 

$

2,742 

 

$

2,747 

Due after one year through five years

 

 

10,370 

 

 

10,377 

Due after five years through ten years

 

 

20,876 

 

 

21,091 

Due after ten years

 

 

27,270 

 

 

28,371 



 

 

61,258 

 

 

62,586 

Mortgage-backed securities-government sponsored entities

 

 

131,382 

 

 

134,412 



 

$

192,640 

 

$

196,998 



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



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months



 

Ended March 31,



 

2020

 

2019

Gross realized gains

 

$

38 

 

$

 -

Gross realized losses

 

 

 -

 

 

 -

Net realized gain

 

$

38 

 

$

 -

Proceeds from sales of securities

 

$

8,224 

 

$

327