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SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2020
Amortized Cost and Approximate Fair Value of Securities Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

March 31, 2020

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

8,235

 

$

 —

 

$

(135)

 

$

8,100

U.S. government-sponsored enterprises

 

 

53,906

 

 

22

 

 

(2,908)

 

 

51,020

State and political subdivisions

 

 

45,232

 

 

2,682

 

 

 —

 

 

47,914

Mortgage-backed securities -

 

 

 

 

 

 

 

 

 

 

 

  

U.S. government-sponsored enterprises

 

 

82,891

 

 

3,160

 

 

(377)

 

 

85,674

 Private mortgage-backed securities

 

 

26,858

 

 

331

 

 

(357)

 

 

26,832

Corporate Debt

 

 

13,005

 

 

92

 

 

(432)

 

 

12,665

 

 

$

230,127

 

$

6,287

 

$

(4,209)

 

$

232,205

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

8,758

 

$

 5

 

$

(84)

 

$

8,679

U.S. government-sponsored enterprises

 

 

54,338

 

 

 —

 

 

(1,089)

 

 

53,249

State and political subdivisions

 

 

31,501

 

 

938

 

 

(225)

 

 

32,214

Mortgage-backed securities -

 

 

  

 

 

 

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

81,449

 

 

1,198

 

 

(178)

 

 

82,469

 Private mortgage-backed securities

 

 

22,110

 

 

368

 

 

(33)

 

 

22,445

Corporate Debt

 

 

13,019

 

 

113

 

 

(7)

 

 

13,125

 

 

$

211,175

 

$

2,622

 

$

(1,616)

 

$

212,181

 

Temporarily Impaired Gross Unrealized Losses And Fair Value of Available-For-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

    

 

 

    

Gross

    

 

 

    

Gross

    

 

 

    

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

(Dollars in thousands)

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

March 31, 2020

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

2,404

 

$

(64)

 

$

5,696

 

$

(71)

 

$

8,100

 

$

(135)

U.S. government-sponsored enterprises

 

 

28,184

 

 

(1,411)

 

 

20,400

 

 

(1,497)

 

 

48,584

 

 

(2,908)

State and political subdivisions

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Mortgage-backed securities -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government-sponsored enterprises

 

 

19,331

 

 

(323)

 

 

4,310

 

 

(54)

 

 

23,641

 

 

(377)

Private mortgage-backed securities

 

 

12,101

 

 

(357)

 

 

 —

 

 

 —

 

 

12,101

 

 

(357)

Corporate Debt

 

 

8,089

 

 

(432)

 

 

 —

 

 

 —

 

 

8,089

 

 

(432)

Total temporarily impaired securities

 

$

70,109

 

$

(2,587)

 

$

30,406

 

$

(1,622)

 

$

100,515

 

$

(4,209)

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

 —

 

$

 —

 

$

5,966

 

$

(84)

 

$

5,966

 

$

(84)

U.S. government-sponsored enterprises

 

 

44,110

 

 

(770)

 

 

9,139

 

 

(319)

 

 

53,249

 

 

(1,089)

State and political subdivisions

 

 

17,421

 

 

(225)

 

 

 —

 

 

 —

 

 

17,421

 

 

(225)

Mortgage-backed securities -

 

 

 

 

 

  

 

 

 

 

 

  

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

17,205

 

 

(113)

 

 

4,973

 

 

(65)

 

 

22,178

 

 

(178)

Private mortgage-backed securities

 

 

6,973

 

 

(33)

 

 

 —

 

 

 —

 

 

6,973

 

 

(33)

Corporate Debt

 

 

2,142

 

 

(7)

 

 

 —

 

 

 —

 

 

2,142

 

 

(7)

Total temporarily impaired securities

 

$

87,851

 

$

(1,148)

 

$

20,078

 

$

(468)

 

$

107,929

 

$

(1,616)

 

Amortized Cost and Approximate Fair Value of Securities Held-To-Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

March 31, 2020

 

 

  

 

 

  

 

 

  

 

 

  

State and political subdivisions

 

$

6,339

 

$

60

 

$

 —

 

$

6,399

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

State and political subdivisions

 

$

4,012

 

$

71

 

$

 —

 

$

4,083

 

Available-for-sale Securities  
Amortized Cost and Fair Value of Securities By Contractual Maturity of Available-For-Sale Securities

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

 —

 

$

 —

Due after one year through five years

 

 

 —

 

 

 —

Due after five years through ten years

 

 

12,914

 

 

13,013

Due after ten years

 

 

45,323

 

 

47,566

Total bonds and obligations

 

 

58,237

 

 

60,579

U.S. government agencies

 

 

8,235

 

 

8,100

U.S. government-sponsored enterprises

 

 

53,906

 

 

51,020

Mortgage-backed securities:

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

82,891

 

 

85,674

Private mortgage-backed securities (1)

 

 

26,858

 

 

26,832

Total available for sale securities

 

$

230,127

 

$

232,205

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

3,823

 

$

3,824

Due after one year through five years

 

 

1,500

 

 

1,527

Due after five years through ten years

 

 

1,016

 

 

1,048

Due after ten years

 

 

 —

 

 

 —

Total held to maturity securities

 

$

6,339

 

$

6,399

 

Held-to-maturity Securities  
Amortized Cost and Fair Value of Securities By Contractual Maturity of Available-For-Sale Securities

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

 —

 

$

 —

Due after one year through five years

 

 

 —

 

 

 —

Due after five years through ten years

 

 

12,914

 

 

13,013

Due after ten years

 

 

45,323

 

 

47,566

Total bonds and obligations

 

 

58,237

 

 

60,579

U.S. government agencies

 

 

8,235

 

 

8,100

U.S. government-sponsored enterprises

 

 

53,906

 

 

51,020

Mortgage-backed securities:

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

82,891

 

 

85,674

Private mortgage-backed securities (1)

 

 

26,858

 

 

26,832

Total available for sale securities

 

$

230,127

 

$

232,205

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

3,823

 

$

3,824

Due after one year through five years

 

 

1,500

 

 

1,527

Due after five years through ten years

 

 

1,016

 

 

1,048

Due after ten years

 

 

 —

 

 

 —

Total held to maturity securities

 

$

6,339

 

$

6,399

 


 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

3,823

 

$

3,824

Due after one year through five years

 

 

1,500

 

 

1,527

Due after five years through ten years

 

 

1,016

 

 

1,048

Due after ten years

 

 

 —

 

 

 —

Total held to maturity securities

 

$

6,339

 

$

6,399