Investment Securities (Tables)

9 Months Ended

Sep. 30, 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:
September 30, 2018
U.S. Government agencies	$	42,411	$	2	$	867	$	41,546
Mortgage-backed		130,807		126		4,804		126,129
Total	$	173,218	$	128	$	5,671	$	167,675
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 $649 thousand at
September 30, 2018 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $(20) thousand
for the nine months ended September 30, 2018.
Held-to-maturity securities:
September 30, 2018
U.S. Government agencies	$	1,635	$	-	$	50	$	1,585
States and political subdivisions		1,402		17		-		1,419
Other Debt securities (1)		3,000		-		21		2,979
Total	$	6,037	$	17	$	71	$	5,983
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

(1) 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 September 30, 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
September 30, 2018
Available-for-sale securities:
U.S. Government agencies	$	4,209	$	16	$	37,151	$	851	$	41,360	$	867
Mortgage-backed		64,423		2,247		54,037		2,557		118,460		4,804
Total	$	68,632	$	2,263	$	91,188	$	3,408	$	159,820	$	5,671
Held-to-maturity securities:
U.S. Government agencies		-		-		1,585		50		1,585		50
Other debt securities		2,979		21		-		-		2,979		21
Total	$	2,979	$	21	$	1,585	$	50	$	4,564	$	71
	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 September 30, 2018.

	Available for sale				Held to maturity
	Amortized				Amortized
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	8,000	$	7,985	$	-	$	-
Due after one year through five years		34,457		33,577		901		913
Due after five years through ten years		63,419		61,099		3,501		3,485
Due after ten years		67,342		65,014		1,635		1,585
Total	$	173,218	$	167,675	$	6,037	$	5,983