XML 35 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securities (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
Securities available for sale at June 30, 2018 and December 31, 2017 are as follows:
 
June 30, 2018
 
December 31, 2017
 
Amortized
 
Unrealized
 
Fair
 
Amortized
 
Unrealized
 
Fair
 
Cost
 
Gains
 
Losses
 
Value
 
Cost
 
Gains
 
Losses
 
Value
U.S. Gov’t sponsored entities
$
126,219

 
$
253

 
$
(2,040
)
 
$
124,432

 
$
108,578

 
$
478

 
$
(908
)
 
$
108,148

State & political subdivisions
132,734

 
2,240

 
(707
)
 
134,267

 
134,428

 
3,609

 
(314
)
 
137,723

Residential & multi-family mortgage
150,632

 
64

 
(4,229
)
 
146,467

 
111,214

 
304

 
(1,882
)
 
109,636

Corporate notes & bonds
13,110

 
36

 
(291
)
 
12,855

 
17,610

 
52

 
(462
)
 
17,200

Pooled SBA
33,041

 
107

 
(1,209
)
 
31,939

 
36,260

 
355

 
(575
)
 
36,040

Other
1,020

 
—

 
(85
)
 
935

 
1,020

 
—

 
(58
)
 
962

Total
$
456,756

 
$
2,700

 
$
(8,561
)
 
$
450,895

 
$
409,110

 
$
4,798

 
$
(4,199
)
 
$
409,709

Information pertaining to security sales on available for sale securities is as follows: 
 
Proceeds
 
Gross
Gains
 
Gross
Losses
Three months ended June 30, 2018
$
—

 
$
—

 
$
—

Three months ended June 30, 2017
$
5,434

 
$
155

 
$
—

Six months ended June 30, 2018
$
—

 
$
—

 
$
—

Six months ended June 30, 2017
$
7,618

 
$
1,538

 
$
—
Trading Securities
Trading securities at June 30, 2018 and December 31, 2017 are as follows:
 
June 30, 2018
 
December 31, 2017
Corporate equity securities
$
5,398

 
$
5,125

Mutual funds
1,626

 
1,499

Certificates of deposit
222

 
220

Corporate notes and bonds
248

 
254

U.S. Government sponsored entities
51

 
52

Total
$
7,545

 
$
7,150
Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position
Securities with unrealized losses at June 30, 2018 and December 31, 2017, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:
June 30, 2018
 
 
Less than 12 Months
 
12 Months or More
 
Total
Description of Securities
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
U.S. Gov’t sponsored entities
$
61,537

 
$
(1,544
)
 
$
34,545

 
$
(496
)
 
$
96,082

 
$
(2,040
)
State & political subdivisions
31,791

 
(419
)
 
4,057

 
(288
)
 
35,848

 
(707
)
Residential & multi-family mortgage
78,726

 
(1,549
)
 
57,279

 
(2,680
)
 
136,005

 
(4,229
)
Corporate notes & bonds
5,216

 
(46
)
 
4,755

 
(245
)
 
9,971

 
(291
)
Pooled SBA
7,057

 
(94
)
 
20,001

 
(1,115
)
 
27,058

 
(1,209
)
Other
—

 
—

 
935

 
(85
)
 
935

 
(85
)
 
$
184,327

 
$
(3,652
)
 
$
121,572

 
$
(4,909
)
 
$
305,899

 
$
(8,561
)
December 31, 2017
 
 
Less than 12 Months
 
12 Months or More
 
Total
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
U.S. Gov’t sponsored entities
$
55,696

 
$
(540
)
 
$
34,754

 
$
(368
)
 
$
90,450

 
$
(908
)
State & political subdivisions
15,890

 
(69
)
 
4,104

 
(245
)
 
19,994

 
(314
)
Residential and multi-family mortgage
30,144

 
(153
)
 
63,699

 
(1,729
)
 
93,843

 
(1,882
)
Corporate notes & bonds
5,005

 
(9
)
 
9,042

 
(453
)
 
14,047

 
(462
)
Pooled SBA
—

 
—

 
22,270

 
(575
)
 
22,270

 
(575
)
Other
—

 
—

 
962

 
(58
)
 
962

 
(58
)
 
$
106,735

 
$
(771
)
 
$
134,831

 
$
(3,428
)
 
$
241,566

 
$
(4,199
)
Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses
A roll-forward of the other-than-temporary impairment amount related to credit losses for the three and six months ended June 30, 2018 and 2017 is as follows:
 
2018
 
2017
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period
$
—

 
$
2,071

Credit losses previously recognized on securities sold during the period
—

 
(2,071
)
Additional credit loss for which other-than-temporary impairment was not previously recognized
—

 
—

Additional credit loss for which other-than-temporary impairment was previously recognized
—

 
—

Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period
$
—

 
$
—
Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities
The following is a schedule of the contractual maturity of securities available for sale, at June 30, 2018:
 
 
Amortized
Cost
 
Fair
Value
1 year or less
$
58,441

 
$
58,328

1 year – 5 years
165,901

 
165,331

5 years – 10 years
45,747

 
45,967

After 10 years
1,974

 
1,928

 
272,063

 
271,554

Residential and multi-family mortgage
150,632

 
146,467

Pooled SBA
33,041

 
31,939

Other securities
1,020

 
935

Total securities
$
456,756

 
$
450,895