XML 97 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Estimated Fair Value of Held to Maturity Securities and Available for Sale Securities by Contractual Maturity
The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at December 31, 2019 and 2018, by contractual maturity within each type:
 At December 31, 2019At December 31, 2018
(Dollars in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueAmortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years$6,997  $66  $—  $7,063  $6,996  $—  $(104) $6,892  
6,997  66  —  7,063  6,996  —  (104) 6,892  
Residential mortgage-backed securities:
After 5 years to 10 years9,083  129  —  9,212  11,573  —  (135) 11,438  
Over 10 years175,972  2,749  (110) 178,611  124,065  287  (1,107) 123,245  
185,055  2,878  (110) 187,823  135,638  287  (1,242) 134,683  
Total$192,052  $2,944  $(110) $194,886  $142,634  $287  $(1,346) $141,575  
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year$301  $—  $(1) $300  $15,108  $—  $(90) $15,018  
After 1 year to 5 years—  —  —  —  303  —  (6) 297  
301  —  (1) 300  15,411  —  (96) 15,315  
State and political subdivisions:
Within 1 year—  —  —  —  5,900  4  (6) 5,898  
After 1 year to 5 years4,717  23  —  4,740  15,459  36  (56) 15,439  
After 5 years to 10 years29,563  292  —  29,855  43,923  318  (163) 44,078  
34,280  315  —  34,595  65,282  358  (225) 65,415  
Residential mortgage-backed securities:
Within 1 year304  9  —  313  —  —  —  —  
After 1 year to 5 years611  3  (1) 613  5,799  3  (70) 5,732  
After 5 years to 10 years36,893  107  (21) 36,979  49,904  6  (1,381) 48,529  
Over 10 years80,630  378  (453) 80,555  100,873  26  (3,398) 97,501  
118,438  497  (475) 118,460  156,576  35  (4,849) 151,762  
Collateralized mortgage obligations:
After 5 years to 10 years2,377  6  (22) 2,361  1,677  —  (78) 1,599  
Over 10 years—  —  —  —  1,305  —  (16) 1,289  
2,377  6  (22) 2,361  2,982  —  (94) 2,888  
Corporate bonds:
Within 1 year6,012  1  (4) 6,009  7,806  —  (68) 7,738  
After 1 year to 5 years29,606  596  (61) 30,141  18,508  1  (332) 18,177  
After 5 years to 10 years—  —  —  —  16,146  —  (392) 15,754  
Over 10 years60,000  —  (4,942) 55,058  60,000  —  (8,542) 51,458  
95,618  597  (5,007) 91,208  102,460  1  (9,334) 93,127  
Total$251,014  $1,415  $(5,505) $246,924  $342,711  $394  $(14,598) $328,507  
Information Related to Sales of Securities Available-for-Sale
The following table presents information related to sales of securities available-for-sale during the years ended December 31, 2019, 2018 and 2017:
 For the Years Ended December 31,
(Dollars in thousands)201920182017
Securities available-for-sale:
Proceeds from sales$26,494  $1,010  $7,069  
Gross realized gains on sales78  10  74  
Gross realized losses on sales24  —  26  
Tax expense related to net realized gains on sales11  2  17  
Schedule of Securities in Unrealized Loss Position
The following table shows the fair value of securities that were in an unrealized loss position at December 31, 2019 and 2018 by the length of time those securities were in a continuous loss position.
 Less than
Twelve Months		Twelve Months
or Longer		Total
(Dollars in thousands)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
At December 31, 2019
Securities Held-to-Maturity
Residential mortgage-backed securities$26,767  $(110) $—  $—  $26,767  $(110) 
Total$26,767  $(110) $—  $—  $26,767  $(110) 
Securities Available-for-Sale
U.S. government corporations and agencies$—  $—  $300  $(1) $300  $(1) 
Residential mortgage-backed securities21,827  (62) 48,672  (413) 70,499  (475) 
Collateralized mortgage obligations—  —  1,295  (22) 1,295  (22) 
Corporate bonds998  —  65,506  (5,007) 66,504  (5,007) 
Total$22,825  $(62) $115,773  $(5,443) $138,598  $(5,505) 
At December 31, 2018
Securities Held-to-Maturity
U.S. government corporations and agencies$—  $—  $6,892  $(104) $6,892  $(104) 
Residential mortgage-backed securities48,192  (472) 34,501  (770) 82,693  (1,242) 
Total$48,192  $(472) $41,393  $(874) $89,585  $(1,346) 
Securities Available-for-Sale
U.S. government corporations and agencies$—  $—  $15,315  $(96) $15,315  $(96) 
State and political subdivisions9,311  (61) 15,302  (164) 24,613  (225) 
Residential mortgage-backed securities7,099  (106) 141,924  (4,743) 149,023  (4,849) 
Collateralized mortgage obligations1,289  (16) 1,599  (78) 2,888  (94) 
Corporate bonds16,896  (235) 75,730  (9,099) 92,626  (9,334) 
Total$34,595  $(418) $249,870  $(14,180) $284,465  $(14,598)