Investment Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investment Securities [Abstract]

Schedule of Available-for-Sale and Held-to-Maturity Securities Reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
March 31, 2019
U.S. Government agencies	$	34,194	$	3	$	386	$	33,811
Mortgage-backed		118,652		103		1,752		117,003
Total	$	152,846	$	106	$	2,138	$	150,814
December 31, 2018
U.S. Government agencies	$	34,285	$	2	$	651	$	33,636
Mortgage-backed		124,162		115		3,481		120,796
Total	$	158,447	$	117	$	4,132	$	154,432

Held-to-maturity securities:
March 31, 2019
U.S. Government agencies	$	1,498	$	—	$	11	$	1,487
States and political subdivisions		1,401		10		—		1,411
Other Debt securities		3,000		—		33		2,967
Total	$	5,899	$	10	$	44	$	5,865
December 31, 2018
U.S. Government agencies	$	1,642	$	—	$	25	$	1,617
States and political subdivisions		1,401		14		—		1,415
Other Debt securities		3,000		—		32		2,968
Total	$	6,043	$	14	$	57	$	6,000

The Company adopted ASU 2016-01 effective January 1, 2018 and equity securities with an aggregate fair value of $1.3 million at March 31, 2019 and December 31, 2018 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $22 thousand and $19 thousand for the three months ended March 31, 2019 and March 31, 2018, respectively.

Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value

	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, 2019
Available-for-sale securities:
U.S. Government agencies	$	829	$	7	$	32,625	$	379	$	33,454	$	386
Mortgage-backed		—		—		109,014		1,752		109,014		1,752
Total	$	829	$	7	$	141,639	$	2,131	$	142,468	$	2,138
Held-to-maturity securities:
U.S. Government agencies		—		—		1,487		11		1,487		11
Other debt securities		2,967		33		—		—		2,967		33
Total	$	2,967	$	33	$	1,487	$	11	$	4,454	$	44

	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, 2018
Available-for-sale securities:
U.S. Government agencies	$	1,079	$	10	$	32,362	$	641	$	33,441	$	651
Mortgage-backed		13,981		261		99,904		3,220		113,885		3,481
Total	$	15,060	$	271	$	132,266	$	3,861	$	147,326	$	4,132
Held-to-maturity securities:
U.S. Government agencies		—		—		1,617		25		1,617		25
Other debt securities		2,968		32		—		—		2,968		32
Total	$	2,968	$	32	$	1,617	$	25	$	4,585	$	57

Schedule of Securities Debt Maturities

	Available for sale				Held to maturity
	Amortized				Amortized
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	5,994	$	5,949	$	500	$	503
Due after one year through five years		29,105		28,741		400		403
Due after five years through ten years		63,477		62,754		3,501		3,472
Due after ten years		54,270		53,370		1,498		1,487
Total	$	152,846	$	150,814	$	5,899	$	5,865