XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and estimated fair value of securities
The amortized cost and estimated fair value of securities were as follows:
 
 
 
June 30, 2016
 
 
Amortized
 Cost
 
Unrealized
Gain
 
Unrealized
Loss
 
Estimated
Fair Value
 
 
(in thousands)
Available-for-sale:
 
 

 
 
 
 
 
 
Municipal bonds
 
$
115,755

 
$
3,044

 
$
—

 
$
118,799

Collateralized mortgage obligation
 
22,570

 
274

 
—

 
22,844

Mortgage-backed securities
 
103,512

 
604

 
(288
)
 
103,828

Total available-for-sale
 
241,837

 
3,922

 
(288
)
 
245,471

Held-to-maturity:
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
8,076

 
98

 
—

 
8,174

Other
 
1,216

 
—

 
—

 
1,216

Total held-to-maturity
 
9,292

 
98

 
—

 
9,390

Total securities
 
$
251,129

 
$
4,020

 
$
(288
)
 
$
254,861


 
 
December 31, 2015
 
 
Amortized
Cost
 
Unrealized
Gain
 
Unrealized
Loss
 
Estimated
Fair Value
 
 
(in thousands)
Available-for-sale:
 
 

 
 
 
 
 
 
Municipal bonds
 
$
128,546

 
$
1,796

 
$
(97
)
 
$
130,245

Collateralized mortgage obligation
 
24,722

 
4

 
(183
)
 
24,543

Mortgage-backed securities
 
126,443

 
153

 
(1,111
)
 
125,485

Total available-for-sale
 
279,711

 
1,953

 
(1,391
)
 
$
280,273

Held-to-maturity:
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
8,400

 
—

 
(70
)
 
8,330

Other
 
1,242

 
—

 
—

 
1,242

Total held-to-maturity
 
9,642

 
—

 
(70
)
 
9,572

Total securities
 
$
289,353

 
$
1,953

 
$
(1,461
)
 
$
289,845
Schedule of number, fair value and gross unrealized holding losses of the Company's investment securities by investment category and length of time that the securities have been in a continuous loss position
The table below shows the number, fair value and gross unrealized holding losses of the Company’s investment securities by investment category and length of time that the securities have been in a continuous loss position.
 
June 30, 2016
 
Less than 12 months
 
12 months or Longer
 
Total
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
(dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
9

 
16,209

 
(77
)
 
8

 
21,940

 
(211
)
 
17

 
38,149

 
(288
)
Total securities
9

 
$
16,209

 
$
(77
)
 
8

 
$
21,940

 
$
(211
)
 
17

 
$
38,149

 
$
(288
)

 
December 31, 2015
 
Less than 12 months
 
12 months or Longer
 
Total
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
Number
 
Fair
Value
 
Gross
Unrealized
Holding
Losses
 
(dollars in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds
32

 
$
15,516

 
$
(61
)
 
6

 
$
3,349

 
$
(36
)
 
38

 
$
18,865

 
$
(97
)
Collateralized mortgage obligation

5

 
22,771

 
(183
)
 
—

 
—

 
—

 
5

 
22,771

 
(183
)
Mortgage-backed securities
34

 
83,488

 
(679
)
 
3

 
12,935

 
(432
)
 
37

 
96,423

 
(1,111
)
Total securities available-for-sale
71

 
121,775

 
(923
)
 
9

 
16,284

 
(468
)
 
80

 
138,059

 
(1,391
)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
1

 
8,330

 
(70
)
 
—

 
—

 
—

 
1

 
8,330

 
(70
)
Total securities held-to-maturity
1

 
8,330

 
(70
)
 
—

 
—

 
—

 
1

 
8,330

 
(70
)
Total securities
72

 
$
130,105

 
$
(993
)
 
9

 
$
16,284

 
$
(468
)
 
81

 
$
146,389

 
$
(1,461
)
Schedule of amortized cost and estimated fair value of investment securities available for sale by contractual maturity
The amortized cost and estimated fair value of investment securities at June 30, 2016, by contractual maturity are shown in the table below.

 
One Year
or Less
 
More than One
Year to Five Years
 
More than Five Years
to Ten Years
 
More than
Ten Years
 
Total
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds
$
1,415

 
$
1,416

 
$
28,380

 
$
28,806

 
$
37,618

 
$
38,956

 
$
48,342

 
$
49,621

 
$
115,755

 
$
118,799

Collateralized mortgage obligation

—

 
—

 
—

 
—

 
—

 
—

 
22,570

 
22,844

 
22,570

 
22,844

Mortgage-backed securities
—

 
—

 
—

 
—

 
20,961

 
21,143

 
82,551

 
82,685

 
103,512

 
103,828

Total securities available-for-sale
1,415

 
1,416

 
28,380

 
28,806

 
58,579

 
60,099

 
153,463

 
155,150

 
241,837

 
245,471

Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
—

 
—

 
—

 
—

 
—

 
—

 
8,076

 
8,174

 
8,076

 
8,174

Other
—

 
—

 
—

 
—

 
—

 
—

 
1,216

 
1,216

 
1,216

 
1,216

Total securities held-to-maturity
—

 
—

 
—

 
—

 
—

 
—

 
9,292

 
9,390

 
9,292

 
9,390

Total securities
$
1,415

 
$
1,416

 
$
28,380

 
$
28,806

 
$
58,579

 
$
60,099

 
$
162,755

 
$
164,540

 
$
251,129

 
$
254,861