XML 41 R36.htm IDEA: XBRL DOCUMENT v3.20.1
Investments (Tables)
12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Unrealized Gain (Loss) On Investments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2019

 

cost

 

gains

 

losses

 

value

U.S. Government and Agency securities

 

$

8,418 

 

$

30 

 

$

(20)

 

$

8,428 

Municipal securities

 

 

90,865 

 

 

1,418 

 

 

(997)

 

 

91,286 

Trust preferred securities

 

 

4,097 

 

 

 —

 

 

(130)

 

 

3,967 

Agency mortgage-backed securities

 

 

58,503 

 

 

435 

 

 

(234)

 

 

58,704 

Private-label mortgage-backed securities

 

 

398 

 

 

31 

 

 

 —

 

 

429 

Asset-backed securities

 

 

24,918 

 

 

 

 

(305)

 

 

24,619 

Total

 

$

187,199 

 

$

1,920 

 

$

(1,686)

 

$

187,433 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2018

 

cost

 

gains

 

losses

 

value

U.S. Government and Agency securities

 

$

9,120 

 

$

21 

 

$

(65)

 

$

9,076 

Municipal securities

 

 

67,811 

 

 

320 

 

 

(484)

 

 

67,647 

Trust preferred securities

 

 

4,074 

 

 

 —

 

 

(316)

 

 

3,758 

Agency mortgage-backed securities

 

 

45,241 

 

 

65 

 

 

(648)

 

 

44,658 

Private-label mortgage-backed securities

 

 

457 

 

 

31 

 

 

 —

 

 

488 

Asset-backed securities

 

 

5,869 

 

 

 —

 

 

(24)

 

 

5,845 

Total

 

$

132,572 

 

$

437 

 

$

(1,537)

 

$

131,472 



Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Amortized
cost

 

Fair
value

Due in one year or less

 

 

 

 

$

16,599 

 

$

16,660 

Due after one year through five years

 

 

 

 

 

29,643 

 

 

29,723 

Due after five years through ten years

 

 

 

 

 

51,454 

 

 

52,026 

Due after ten years

 

 

 

 

 

30,602 

 

 

29,891 



 

 

 

 

 

128,298 

 

 

128,300 

Mortgage-backed securities

 

 

 

 

 

58,901 

 

 

59,133 

Total

 

 

 

 

$

187,199 

 

$

187,433 



Composition Of Net Realized Securities Gains



 

 

 

 

 

 

(Dollars in thousands)

 

2019

 

2018

Proceeds

 

$

18,781 

 

$

4,115 



 

 

 

 

 

 

Gross gains realized

 

 

285 

 

 

67 

Gross losses realized

 

 

(29)

 

 

(11)

Net gains realized

 

$

256 

 

$

56 



 

 

 

 

 

 

Tax (provision) benefit on net gains (losses) realized

 

$

54 

 

$

12 



Schedule Of Unrealized Loss On Investments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2019



Less than 12 months

 

12 months or more

 

Total



Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and Agency securities

$

2,559 

 

$

(12)

 

 

$

1,335 

 

$

(8)

 

 

$

3,894 

 

$

(20)

 

13 

Municipal securities

 

38,874 

 

 

(966)

 

40 

 

 

2,655 

 

 

(31)

 

 

 

41,529 

 

 

(997)

 

44 

Trust preferred securities

 

 —

 

 

 —

 

 —

 

 

3,967 

 

 

(130)

 

 

 

3,967 

 

 

(130)

 

Agency mortgage-backed securities

 

21,185 

 

 

(185)

 

32 

 

 

6,555 

 

 

(49)

 

22 

 

 

27,740 

 

 

(234)

 

54 

Asset-backed securities

 

17,644 

 

 

(128)

 

19 

 

 

5,669 

 

 

(177)

 

 

 

23,313 

 

 

(305)

 

28 

Total temporarily impaired securities

$

80,262 

 

$

(1,291)

 

97 

 

$

20,181 

 

$

(395)

 

47 

 

$

100,443 

 

$

(1,686)

 

144 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2018



Less than 12 months

 

12 months or more

 

Total



Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and Agency securities

$

2,071 

 

$

(6)

 

 

$

5,175 

 

$

(59)

 

14 

 

$

7,246 

 

$

(65)

 

16 

Municipal securities

 

5,832 

 

 

(12)

 

10 

 

 

25,091 

 

 

(472)

 

42 

 

 

30,923 

 

 

(484)

 

52 

Trust preferred securities

 

2,008 

 

 

(159)

 

 

 

1,750 

 

 

(157)

 

 

 

3,758 

 

 

(316)

 

Agency mortgage-backed securities

 

7,687 

 

 

(46)

 

16 

 

 

30,511 

 

 

(602)

 

74 

 

 

38,198 

 

 

(648)

 

90 

Asset-backed securities

 

5,826 

 

 

(22)

 

 

 

19 

 

 

(2)

 

 

 

5,845 

 

 

(24)

 

Total temporarily impaired securities

$

23,424 

 

$

(245)

 

37 

 

$

62,546 

 

$

(1,292)

 

134 

 

$

85,970 

 

$

(1,537)

 

171 



Other Than Temporary Impairment, Credit Losses Recognized In Earnings



 

 

 

 

 

 



 

 

 

 

 

 

(Dollars in thousands)

 

Twelve Months Ended



 

2019

 

2018

Balance of cumulative credit-related OTTI at January 1

 

$

272 

 

$

595 

Additions for credit-related OTTI not previously recognized

 

 

 —

 

 

 —

Additional increases for credit-related OTTI previously recognized when there is

 

 

 

 

 

 

    no intent to sell and no requirement to sell before recovery of amortized cost basis

 

 

 —

 

 

 —

Decreases for previously recognized credit-related OTTI because there was an intent to sell

 

 

 —

 

 

(323)

Reduction for increases in cash flows expected to be collected

 

 

 —

 

 

 —

Balance of credit-related OTTI at December 31

 

$

272 

 

$

272