Investment Securities (Tables)

3 Months Ended

Mar. 31, 2018

Investment Securities [Abstract]

Schedule of Available-for-Sale Securities Reconciliation

The following table provides information on the amortized cost and estimated fair values of investment securities.

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
March 31, 2018
U.S. Government agencies	$	42,691	$	14	$	792	$	41,913
Mortgage-backed		145,131		122		3,907		141,346
Total	$	187,822	$	136	$	4,699	$	183,259
December 31, 2017
U.S. Government agencies	$	45,806	$	23	$	497	$	45,332
Mortgage-backed		152,198		157		1,390		150,965
Equity		666		-		8		658
Total	$	198,670	$	180	$	1,895	$	196,955
The Company adopted ASU 2016-01 effective January 1, 2018 and equity securities with an aggregate fair value of $651 thousand at
March 31, 2018.
Held-to-maturity securities:
March 31, 2018
U.S. Government agencies	$	1,759	$	-	$	1	$	1,758
States and political subdivisions		1,403		32		-		1,435
Other Debt securities (1)		3,000		30		-		3,030
Total	$	6,162	$	62	$	1	$	6,223
December 31, 2017
U.S. Government agencies	$	1,844	$	21	$	-	$	1,865
States and political subdivisions		1,403		47		-		1,450
Other Debt securities (1)		3,000		76		-		3,076
Total	$	6,247	$	144	$	-	$	6,391

On December 15, 2016, the Company bought $3.0 million in subordinated notes with a fixed to floating rate of 6.5% from a local regional bank which it intends to hold to maturity of December 30, 2026.

Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2018 and December 31, 2017.

	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
March 31, 2018
Available-for-sale securities:
U.S. Government agencies	$	37,263	$	740	$	2,949	$	52	$	40,212	$	792
Mortgage-backed		107,070		2,774		26,467		1,133		133,537		3,907
Total	$	144,333	$	3,514	$	29,416	$	1,185	$	173,749	$	4,699
	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
December 31, 2017
Available-for-sale securities:
U.S. Government agencies	$	37,550	$	453	$	5,956	$	44	$	43,506	$	497
Mortgage-backed		96,622		700		28,215		690		124,837		1,390
Equity securities		-		-		666		8		666		8
Total	$	134,172	$	1,153	$	34,837	$	742	$	169,009	$	1,895

Schedule of Securities Debt Maturities

The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at March 31, 2018.

	Available for sale				Held to maturity
	Amortized				Amortized
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	8,001	$	7,966	$	-	$	-
Due after one year through five years		34,771		33,969		901		925
Due after five years through ten years		41,353		40,242		3,502		3,540
Due after ten years		103,697		101,082		1,759		1,758
Total	$	187,822	$	183,259	$	6,162	$	6,223