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Investments (Tables)
3 Months Ended
Mar. 31, 2020
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

March 31, 2020

cost

gains

losses

value

U.S. Government and Agency securities

$

13,602

$

57

$

(34)

$

13,625

Municipal securities

94,560

2,892

(242)

97,210

Trust preferred securities

4,102

(556)

3,546

Agency mortgage-backed securities

68,970

1,638

(461)

70,147

Private-label mortgage-backed securities

316

11

(4)

323

Asset-backed securities

24,197

28

(1,036)

23,189

$

205,747

$

4,626

$

(2,333)

$

208,040

(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

6

(305)

24,619

$

187,199

$

1,920

$

(1,686)

$

187,433

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

(Dollars in thousands)

Amortized
cost

Fair
value

Due in one year or less

$

12,900

$

12,978

Due after one year through five years

31,461

31,369

Due after five years through ten years

76,697

77,637

Due after ten years

15,403

15,586

136,461

137,570

Mortgage-backed securities

69,286

70,470

$

205,747

$

208,040

Composition Of Net Realized Securities Gains

For the Three Months Ended

March 31,

(Dollars in thousands)

2020

2019

Proceeds

$

165

$

3,876

Gross gains realized

33

Gross losses realized

(10)

(9)

Net gains (losses) realized

$

(10)

$

24

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

$

2

$

(5)

Schedule Of Unrealized Loss On Investments

March 31, 2020

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

$

6,681 

$

(27)

8 

$

1,284 

$

(7)

7 

$

7,965 

$

(34)

15 

Municipal securities

19,666 

(235)

21 

796 

(7)

1 

20,462 

(242)

22 

Trust preferred securities

840 

(119)

1 

2,706 

(437)

4 

3,546 

(556)

5 

Agency mortgage-backed securities

22,506 

(459)

35 

312 

(2)

1 

22,818 

(461)

36 

Private-label mortgage-backed securities

123 

(4)

1 

123 

(4)

1 

Asset-backed securities

15,252 

(554)

16 

6,300 

(482)

10 

21,552 

(1,036)

26 

Total temporarily impaired
  securities

$

65,068 

$

(1,398)

82 

$

11,398 

$

(935)

23 

$

76,466 

$

(2,333)

105 

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)

6

$

1,335

$

(8)

7

$

3,894

$

(20)

13

Municipal securities

38,874

(966)

40

2,655

(31)

4

41,529

(997)

44

Trust preferred securities

3,967

(130)

5

3,967

(130)

5

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)

9

23,313

(305)

28

Total temporarily impaired
  securities

$

80,262

$

(1,291)

97

$

20,181

$

(395)

47

$

100,443

$

(1,686)

144

Other Than Temporary Impairment, Credit Losses Recognized In Earnings

Three Months Ended

(Dollars in thousands)

March 31,

2020

2019

Balance of cumulative credit-related OTTI at January 1

$

272

$

272

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

Reduction for increases in cash flows expected to be collected

Balance of credit-related OTTI at March 31

$

272

$

272