Investment Securities (Tables)

9 Months Ended

Sep. 30, 2019

Amortized cost and fair values of investment securities available-for-sale at September 30, 2019 are summarized as follows:


(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U. S. Agency securities	$	53,205	$	283	$	(218)	$	53,270
U.S. Sponsored Mortgage-backed securities	50,378		142		(538)		49,982
Municipal securities	108,361		3,693		(30)		112,024
Total debt securities	211,944		4,118		(786)		215,276
Other securities	10,663		128		(3)		10,788
Total investment securities available-for-sale	$	222,607	4,246		$	(789)	$	226,064

Amortized cost and fair values of investment securities available-for-sale at December 31, 2018 are summarized as follows:


(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U. S. Agency securities	$	79,041	$	14	$	(1,625)	$	77,430
U.S. Sponsored Mortgage-backed securities	52,154		—		(2,039)		50,115
Municipal securities	84,747		206		(1,192)		83,761
Total debt securities	215,942		220		(4,856)		211,306
Other securities	10,308		68		(68)		10,308
Total investment securities available-for-sale	$	226,250	$	288	$	(4,924)	$	221,614

The following table summarizes amortized cost and fair values of debt securities by maturity:


	September 30, 2019
	Available for sale
(Dollars in thousands)	Amortized Cost		Fair Value
Within one year	$	90	$	(375)
After one year, but within five	18,959		19,079
After five years, but within ten	29,137		29,316
After ten years	163,758		167,256
Total	$	211,944	$	215,276

The following table discloses investments in an unrealized loss position at September 30, 2019:


(Dollars in thousands)	Less than 12 months						12 months or more
Description and number of positions	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Agency securities (26)	$	8,244	$	(18)	$	23,455	$	(200)
U.S. Sponsored Mortgage-backed securities (33)	4,175		(6)		32,237		(532)
Municipal securities (6)	2,173		(14)		831		(16)
Other securities (1)	—		—		510		(3)
	$	14,592	$	(38)	$	57,033	$	(751)

The following table discloses investments in an unrealized loss position at December 31, 2018:


(Dollars in thousands)	Less than 12 months						12 months or more
Description and number of positions	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Agency securities (54)	$	9,762	$	(123)	$	63,740	$	(1,502)
U.S. Sponsored Mortgage-backed securities (42)	2,360		(32)		47,755		(2,007)
Municipal securities (78)	5,936		(46)		35,955		(1,146)
Other securities (2)	2,452		(48)		1,018		(20)
	$	20,510	$	(249)	$	148,468	$	(4,675)