XML 35 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Securities (Tables)
 3 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments
The following tables present the amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value of securities by major security type and class of security:
(Dollars in thousands)
 
March 31, 2016
Amortized Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
Securities Available for Sale:
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored enterprises

$97,151

 

$160

 

($26
)
 

$97,285

Mortgage-backed securities issued by U.S. government agencies and U.S. government-sponsored enterprises
249,141

 
8,322

 
—

 
257,463

Obligations of states and political subdivisions
31,025

 
511

 
—

 
31,536

Individual name issuer trust preferred debt securities
29,824

 
—

 
(6,743
)
 
23,081

Corporate bonds
1,965

 
32

 
(10
)
 
1,987

Total securities available for sale

$409,106

 

$9,025

 

($6,779
)
 

$411,352

Held to Maturity:
 
 
 
 
 
 
 
Mortgage-backed securities issued by U.S. government agencies and U.S. government-sponsored enterprises

$19,040

 

$624

 

$—

 

$19,664

Total securities held to maturity

$19,040

 

$624

 

$—

 

$19,664

Total securities

$428,146

 

$9,649

 

($6,779
)
 

$431,016



(Dollars in thousands)
 
December 31, 2015
Amortized Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
Securities Available for Sale:
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored enterprises

$77,330

 

$73

 

($388
)
 

$77,015

Mortgage-backed securities issued by U.S. government agencies and U.S. government-sponsored enterprises
228,908

 
6,398

 
(450
)
 
234,856

Obligations of states and political subdivisions
35,353

 
727

 
—

 
36,080

Individual name issuer trust preferred debt securities
29,815

 
—

 
(4,677
)
 
25,138

Corporate bonds
1,970

 
5

 
(20
)
 
1,955

Total securities available for sale

$373,376

 

$7,203

 

($5,535
)
 

$375,044

Held to Maturity:
 
 
 
 
 
 
 
Mortgage-backed securities issued by U.S. government agencies and U.S. government-sponsored enterprises

$20,023

 

$493

 

$—

 

$20,516

Total securities held to maturity

$20,023

 

$493

 

$—

 

$20,516

Total securities

$393,399

 

$7,696

 

($5,535
)
 

$395,560
Securities by Contractual Maturity
The schedule of maturities of debt securities available for sale and held to maturity is presented below. Mortgage-backed securities are included based on weighted average maturities, adjusted for anticipated prepayments.  All other debt securities are included based on contractual maturities.  Actual maturities may differ from amounts presented because certain issuers have the right to call or prepay obligations with or without call or prepayment penalties.
(Dollars in thousands)
Available for Sale
 
Held to Maturity
March 31, 2016
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
Due in one year or less

$42,724

 

$44,084

 

$2,473

 

$2,554

Due after one year to five years
143,155

 
147,073

 
7,650

 
7,901

Due after five years to ten years
157,073

 
159,571

 
5,978

 
6,174

Due after ten years
66,154

 
60,624

 
2,939

 
3,035

Total securities

$409,106

 

$411,352

 

$19,040

 

$19,664
Securities in a Continuous Unrealized Loss Position
The following tables summarize temporarily impaired securities, segregated by length of time the securities have been in a continuous unrealized loss position:
(Dollars in thousands)
Less than 12 Months
 
12 Months or Longer
 
Total
March 31, 2016
#
 
Fair
Value
Unrealized
Losses
 
#

 
Fair
Value
Unrealized
Losses
 
#

 
Fair
Value
Unrealized
Losses
Obligations of U.S. government-sponsored enterprises
1

 

$9,974


($26
)
 
—

 

$—


$—

 
1

 

$9,974


($26
)
Individual name issuer trust preferred debt securities
—

 
—

—

 
10

 
23,081

(6,743
)
 
10

 
23,081

(6,743
)
Corporate bonds
1

 
491

(10
)
 
—

 
—

—

 
1

 
491

(10
)
Total temporarily impaired securities
2

 

$10,465


($36
)
 
10

 

$23,081


($6,743
)
 
12

 

$33,546


($6,779
)


(Dollars in thousands)
Less than 12 Months
 
12 Months or Longer
 
Total
December 31, 2015
#

 
Fair
Value
Unrealized
Losses
 
#

 
Fair
Value
Unrealized
Losses
 
#

 
Fair
Value
Unrealized
Losses
Obligations of U.S. government-sponsored enterprises
4

 

$34,767


($388
)
 
—

 

$—


$—

 
4

 

$34,767


($388
)
Mortgage-backed securities issued by U.S. government agencies and U.S. government-sponsored enterprises
9

 
61,764

(450
)
 
—

 
—

—

 
9

 
61,764

(450
)
Individual name issuer trust preferred debt securities
—

 
—

—

 
10

 
25,138

(4,677
)
 
10

 
25,138

(4,677
)
Corporate bonds
3

 
1,235

(20
)
 
—

 
—

—

 
3

 
1,235

(20
)
Total temporarily impaired securities
16

 

$97,766


($858
)
 
10

 

$25,138


($4,677
)
 
26

 

$122,904


($5,535
)