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SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as
“available-for-sale”
were as follows at December 31, 2018 and 2017:
 
 
 
Available-for-Sale Debt Securities
 
(Dollars in thousands)
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Amortized
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
December 31, 2018:
 
Cost
 
 
Gains
 
 
Losses
 
 
Value
 
U.S. Treasury securities
 
$
5,307
 
 
$
—
 
 
$
(12
)
 
$
5,295
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
66,300
 
 
 
105
 
 
 
(1,529
)
 
 
64,876
 
Other
 
 
18,706
 
 
 
21
 
 
 
(484
)
 
 
18,243
 
Other mortgage backed securities
 
 
4,767
 
 
 
—
 
 
 
(18
)
 
 
4,749
 
Obligations of state and political subdivisions
 
 
182,621
 
 
 
1,678
 
 
 
(2,021
)
 
 
182,278
 
Asset backed securities
 
 
14,323
 
 
 
47
 
 
 
—
 
 
 
14,370
 
Corporate debt securities
 
 
27,297
 
 
 
24
 
 
 
(1,078
)
 
 
26,243
 
Total
 
$
319,321
 
 
$
1,875
 
 
$
(5,142
)
 
$
316,054
 
 
 
 
Available-for-Sale Debt Securities
 
(Dollars in thousands)
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Amortized
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
December 31, 2017:
 
Cost
 
 
Gains
 
 
Losses
 
 
Value
 
U.S. Treasury securities
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
82,825
 
 
 
210
 
 
 
(1,175
)
 
 
81,860
 
Other
 
 
22,409
 
 
 
132
 
 
 
(308
)
 
 
22,233
 
Other mortgage backed debt securities
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Obligations of state and political subdivisions
 
 
211,743
 
 
 
4,690
 
 
 
(911
)
 
 
215,522
 
Asset backed securities
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Corporate debt securities
 
 
29,645
 
 
 
90
 
 
 
(764
)
 
 
28,971
 
Total
 
$
346,622
 
 
$
5,122
 
 
$
(3,158
)
 
$
348,586
 
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of securities, by contractual maturity, are shown below at December 31, 2018. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
(Dollars in thousands)
 
Available for Sale
 
 
 
Amortized
 
 
 
 
 
 
Cost
 
 
Fair Value
 
1 year or less
 
$
4,268
 
 
$
4,264
 
Over 1 year through 5 years
 
 
55,283
 
 
 
54,544
 
Over 5 years through 10 years
 
 
86,076
 
 
 
84,779
 
Over 10 years
 
 
102,627
 
 
 
102,842
 
Mortgage-backed securities
 
 
71,067
 
 
 
69,625
 
Total
 
$
319,321
 
 
$
316,054
 
Unrealized And Realized Gain Loss On Investments [Table Text Block] The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during 2018:
 
(Dollars in thousands)
 
 
 
 
 
December 31, 2018
 
Net losses recognized during the period on equity securities
 
$
(72
)
Net gains and (losses) recognized during the period on equity securities sold during the period
 
 
—
 
Net losses recognized during the reporting period on equity securities still held at the reporting date
 
$
(72
)
Schedule of Unrealized Loss on Investments [Table Text Block]
In accordance with disclosures required by FASB ASC 320-10-50,
Investments - Debt and Equity Securities
, the summary below shows the gross unrealized losses and fair value of the Corporation’s debt securities, aggregated by investment category, of which individual securities have been in a continuous unrealized loss position for less than 12 months or 12 months or more as of December 31, 2018 and 2017:
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
Less Than 12 Months
 
 
12 Months or More
 
 
Total
 
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
 
Value
 
 
Loss
 
 
Value
 
 
Loss
 
 
Value
 
 
Loss
 
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
5,295
 
 
$
(12
)
 
$
—
 
 
$
—
 
 
$
5,295
 
 
$
(12
)
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
3,690
 
 
 
(17
)
 
 
55,443
 
 
 
(1,512
)
 
 
59,133
 
 
 
(1,529
)
Other
 
 
7,553
 
 
 
(66
)
 
 
7,067
 
 
 
(418
)
 
 
14,620
 
 
 
(484
)
Other mortgage backed debt securities
 
 
4,749
 
 
 
(18
)
 
 
—
 
 
 
—
 
 
 
4,749
 
 
 
(18
)
Obligations of state and political subdivisions
 
 
14,453
 
 
 
(75
)
 
 
66,583
 
 
 
(1,946
)
 
 
81,036
 
 
 
(2,021
)
Asset backed securities
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Corporate debt securities
 
 
1,823
 
 
 
(29
)
 
 
19,477
 
 
 
(1,049
)
 
 
21,300
 
 
 
(1,078
)
Total
 
$
37,563
 
 
$
(217
)
 
$
148,570
 
 
$
(4,925
)
 
$
186,133
 
 
$
(5,142
)
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less Than 12 Months
 
 
12 Months or More
 
 
Total
 
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
 
Value
 
 
Loss
 
 
Value
 
 
Loss
 
 
Value
 
 
Loss
 
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Obligations of U.S.
Government 
Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
30,555
 
 
 
(300
)
 
 
33,943
 
 
 
(875
)
 
 
64,498
 
 
 
(1,175
)
Other
 
 
2,905
 
 
 
(4
)
 
 
7,179
 
 
 
(304
)
 
 
10,084
 
 
 
(308
)
Other mortgage backed securities
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Obligations of state and 
political subdivisions
 
 
36,149
 
 
 
(329
)
 
 
22,566
 
 
 
(582
)
 
 
58,715
 
 
 
(911
)
Asset backed securities
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Corporate debt securities
 
 
6,746
 
 
 
(24
)
 
 
15,174
 
 
 
(740
)
 
 
21,920
 
 
 
(764
)
Total
 
$
76,355
 
 
$
(657
)
 
$
78,862
 
 
$
(2,501
)
 
$
155,217
 
 
$
(3,158
)