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Securities (Tables)
12 Months Ended
Dec. 31, 2017
Cash and Cash Equivalents [Abstract]  
Amortized Cost of Securities and their Estimated Fair Values

The carrying amount of securities and their estimated fair values follow:

 

     December 31, 2017  
            Gross      Gross      Estimated  
     Amortized      Unrealized      Unrealized      Fair  
     Cost      Gains      Losses      Value  

Restricted:

           

FHLB stock

   $ 4,428        —          —          4,428  
  

 

 

    

 

 

    

 

 

    

 

 

 

Available for Sale:

           

U.S. Agency securities

   $ 84,210        536        (653      84,093  

Tax free municipal bonds

     26,412        637        (83      26,966  

Taxable municipal bonds

     1,279        5        (1      1,283  

Trust preferred securities

     1,650        35        —          1,685  

Mortgage-backed securities

     71,389        201        (826      70,764  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 184,940        1,414        (1,563      184,791  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     December 31, 2016  
            Gross      Gross      Estimated  
     Amortized      Unrealized      Unrealized      Fair  
     Cost      Gains      Losses      Value  

Restricted:

           

FHLB stock

   $ 4,428        —          —          4,428  
  

 

 

    

 

 

    

 

 

    

 

 

 

Available for Sale:

           

U.S. Treasury securities

   $ 2,000        1        —          2,001  

U.S. Agency securities

     83,667        983        (638      84,012  

Tax free municipal bonds

     33,004        1,081        (174      33,911  

Taxable municipal bonds

     2,720        17        (10      2,727  

Trust preferred securities

     1,634        183        —          1,817  

Mortgage-backed securities

     85,626        437        (1,051      85,012  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 208,651        2,702        (1,873      209,480  
  

 

 

    

 

 

    

 

 

    

 

 

 
Maturities of Debt Securities Available for Sale

The scheduled maturities of debt securities available for sale at December 31, 2017 and December 31, 2016 were as follows:

 

December 31, 2017

   Amortized
Cost
     Estimated
Fair
Value
 

Due within one year

   $ 2,078        2,095  

Due in one to five years

     28,692        28,624  

Due in five to ten years

     18,161        18,287  

Due after ten years

     7,218        7,443  
  

 

 

    

 

 

 
     56,149        56,449  

Amortizing agency bonds

     57,402        57,578  

Mortgage-backed securities

     71,389        70,764  
  

 

 

    

 

 

 

Total unrestricted securities available for sale

   $ 184,940        184,791  
  

 

 

    

 

 

 

 

December 31, 2016

   Amortized
Cost
     Estimated
Fair
Value
 

Due within one year

   $ 6,605        6,615  

Due in one to five years

     13,913        14,067  

Due in five to ten years

     32,611        32,744  

Due after ten years

     13,022        13,603  
  

 

 

    

 

 

 
     66,151        67,029  

Amortizing agency bonds

     56,874        57,439  

Mortgage-backed securities

     85,626        85,012  
  

 

 

    

 

 

 

Total unrestricted securities available for sale

   $ 208,651        209,480  
  

 

 

    

 

 

 
Estimated Fair Value and Unrealized Loss Amounts of Impaired Investments

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of December 31, 2017 and December 31, 2016 are as follows:

 

     Less than 12 months     12 months or longer     Total  

December 31, 2017

   Estimated
Fair
Value
     Unrealized
Losses
    Estimated
Fair
Value
     Unrealized
Losses
    Estimated
Fair
Value
     Unrealized
Losses
 

Available for sale

               

U.S. Agency securities

   $ 41,501        (431     9,846        (222     51,347        (653

Taxable municipals

     521        (1     —          —         521        (1

Tax free municipals

     4,860        (51     913        (32     5,773        (83

Mortgage-backed securities

     40,441        (289     21,566        (537     62,007        (826
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Total Available for Sale

   $ 87,323        (772     32,325        (791     119,648        (1,563
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

 

     Less than 12 months     12 months or longer     Total  

December 31, 2016

   Estimated
Fair
Value
     Unrealized
Losses
    Estimated
Fair
Value
     Unrealized
Losses
    Estimated
Fair
Value
     Unrealized
Losses
 

Available for sale

               

U.S. Agency securities

   $ 41,963        (597     3,459        (41     45,422        (638

Taxable municipals

     1,347        (10     —          —         1,347        (10

Tax free municipals

     7,369        (174     —          —         7,369        (174

Mortgage-backed securities

     48,462        (796     7,439        (255     55,901        (1,051
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Total Available for Sale

   $ 99,141        (1,577     10,898        (296     110,039        (1,873