Amortized Cost and Fair Values of Investment Securities Available-for-sale |
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 | |
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Investments in an Unrealized Loss Position |
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) | |
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