INVESTMENT SECURITIES (Tables)
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3 Months Ended |
Mar. 31, 2019 |
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| Investments, Debt and Equity Securities [Abstract] |
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| 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 |
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| | | | | | | | | | | | | | | | | | | | 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 |
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| 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 | | $ | — |
| | $ | — |
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| 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 |
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| | | | | | | | | | | | | | | | | | | | 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 |
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| 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 | ) |
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| 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 | ) |
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| 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 |
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| | | | | | | | | | | | | | | | | | | | 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 |
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