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INVESTMENT SECURITIES (Tables)
3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Available for Sale
The amortized cost and approximate fair value of investment securities classified as AFS are summarized below as of the dates presented (dollars in thousands).
 
 
 
Amortized Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
March 31, 2019
 
 
 
 
Obligations of U.S. government agencies and corporations
 
$
7,305

 
$
27

 
$
(72
)
 
$
7,260

Obligations of state and political subdivisions
 
31,756

 
123

 
(369
)
 
31,510

Corporate bonds
 
18,755

 
80

 
(483
)
 
18,352

Residential mortgage-backed securities
 
147,104

 
757

 
(1,106
)
 
146,755

Commercial mortgage-backed securities
 
61,061

 
206

 
(887
)
 
60,380

Total
 
$
265,981

 
$
1,193

 
$
(2,917
)
 
$
264,257

 
 
 
Amortized Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
December 31, 2018
 
 
 
 
Obligations of U.S. government agencies and corporations
 
$
7,946

 
$
14

 
$
(90
)
 
$
7,870

Obligations of state and political subdivisions
 
34,875

 
6

 
(895
)
 
33,986

Corporate bonds
 
16,166

 
53

 
(710
)
 
15,509

Residential mortgage-backed securities
 
136,768

 
336

 
(2,177
)
 
134,927

Commercial mortgage-backed securities
 
57,749

 
108

 
(1,168
)
 
56,689

Total
 
$
253,504

 
$
517

 
$
(5,040
)
 
$
248,981

Schedule of Proceeds from Sale of Investment Securities
Proceeds from sales of investment securities AFS and gross gains and losses are summarized below for the periods presented (dollars in thousands).
 
 
Three months ended March 31,
 
 
2019
 
2018
Proceeds from sale
 
$
393

 
$

Gross gains
 
$
2

 
$

Gross losses
 
$

 
$

Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Held to Maturity
The amortized cost and approximate fair value of investment securities classified as HTM are summarized below as of the dates presented (dollars in thousands). 
 
 
Amortized Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
March 31, 2019
 
 
 
 
Obligations of state and political subdivisions
 
$
10,586

 
$
5

 
$
(33
)
 
$
10,558

Residential mortgage-backed securities
 
5,230

 

 
(61
)
 
5,169

Total
 
$
15,816

 
$
5

 
$
(94
)
 
$
15,727

 
 
 
Amortized Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
December 31, 2018
 
 
 
 
Obligations of state and political subdivisions
 
$
10,699

 
$
2

 
$
(111
)
 
$
10,590

Residential mortgage-backed securities
 
5,367

 

 
(152
)
 
5,215

Total
 
$
16,066

 
$
2

 
$
(263
)
 
$
15,805

Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Available for Sale
The number of AFS securities, fair value, and unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized below as of the dates presented (dollars in thousands).
 
 
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Count
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
March 31, 2019
 
 
 
 
 
 
 
Obligations of U.S. government agencies and corporations
 
11

 
$

 
$

 
$
4,497

 
$
(72
)
 
$
4,497

 
$
(72
)
Obligations of state and political subdivisions
 
39

 
5,379

 
(33
)
 
15,497

 
(336
)
 
20,876

 
(369
)
Corporate bonds
 
26

 
5,209

 
(118
)
 
7,220

 
(365
)
 
12,429

 
(483
)
Residential mortgage-backed securities
 
165

 
4,020

 
(5
)
 
82,591

 
(1,101
)
 
86,611

 
(1,106
)
Commercial mortgage-backed securities
 
91

 
3,188

 
(20
)
 
39,084

 
(867
)
 
42,272

 
(887
)
Total
 
332

 
$
17,796

 
$
(176
)
 
$
148,889

 
$
(2,741
)
 
$
166,685

 
$
(2,917
)
 
 
 
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Count
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
December 31, 2018
 
 
 
 
 
 
 
Obligations of U.S. government agencies and corporations
 
15

 
$
469

 
$

 
$
5,304

 
$
(90
)
 
$
5,773

 
$
(90
)
Obligations of state and political subdivisions
 
63

 
13,716

 
(330
)
 
19,270

 
(565
)
 
32,986

 
(895
)
Corporate bonds
 
27

 
6,793

 
(225
)
 
5,763

 
(485
)
 
12,556

 
(710
)
Residential mortgage-backed securities
 
193

 
24,868

 
(245
)
 
79,517

 
(1,932
)
 
104,385

 
(2,177
)
Commercial mortgage-backed securities
 
94

 
5,156

 
(42
)
 
39,560

 
(1,126
)
 
44,716

 
(1,168
)
Total
 
392

 
$
51,002

 
$
(842
)
 
$
149,414

 
$
(4,198
)
 
$
200,416

 
$
(5,040
)
Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Held to Maturity
The number of HTM securities, fair value, and unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized below as of the dates presented (dollars in thousands).
 
 
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Count
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
March 31, 2019
 
 
 
 
 
 
 
Obligations of state and political subdivisions
 
1

 
$

 
$

 
$
5,433

 
$
(33
)
 
$
5,433

 
$
(33
)
Residential mortgage-backed securities
 
9

 

 

 
5,169

 
(61
)
 
5,169

 
(61
)
Total
 
10

 
$

 
$

 
$
10,602

 
$
(94
)
 
$
10,602

 
$
(94
)

 
 
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
Count
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
December 31, 2018
 
 
 
 
 
 
 
Obligations of state and political subdivisions
 
1

 
$

 
$

 
$
5,468

 
$
(111
)
 
$
5,468

 
$
(111
)
Residential mortgage-backed securities
 
9

 
1,761

 
(35
)
 
3,454

 
(117
)
 
5,215

 
(152
)
Total
 
10

 
$
1,761

 
$
(35
)
 
$
8,922

 
$
(228
)
 
$
10,683

 
$
(263
)
Schedule of Weighted Average Tax Equivalent Yield, Amortized Cost and Approximate Fair Value of Investment Debt Securities by Contractual Maturity (Including Mortgage-backed Securities)
The amortized cost and approximate fair value of debt securities, by contractual maturity (including mortgage-backed securities), are shown below as of the dates presented (dollars in thousands). Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
 
Securities Available For Sale
 
Securities Held To Maturity
 
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
March 31, 2019
 
 
 
 
Due within one year
 
$
3,314

 
$
3,312

 
$
755

 
$
756

Due after one year through five years
 
11,910

 
11,895

 
3,405

 
3,408

Due after five years through ten years
 
52,277

 
51,713

 
960

 
961

Due after ten years
 
198,480

 
197,337

 
10,696

 
10,602

Total debt securities
 
$
265,981

 
$
264,257

 
$
15,816

 
$
15,727


 
 
Securities Available For Sale
 
Securities Held To Maturity
 
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
December 31, 2018
 
 
 
 
Due within one year
 
$
3,734

 
$
3,730

 
$
755

 
$
755

Due after one year through five years
 
10,681

 
10,600

 
3,405

 
3,406

Due after five years through ten years
 
44,255

 
43,460

 
960

 
961

Due after ten years
 
194,834

 
191,191

 
10,946

 
10,683

Total debt securities
 
$
253,504

 
$
248,981

 
$
16,066

 
$
15,805