Securities Available-for-Sale (Tables)

6 Months Ended

Jun. 30, 2019

Text Block [Abstract]

Summary of Securities Available-for-Sale

	June 30, 2019								December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
U.S. Treasury	$	—	$	—	$	—	$	—	$	2,000	$	—	$	8	$	1,992
U.S. Government Sponsored Enterprises		3,954		20		—		3,974		3,946		—		31		3,915
SBA Backed Securities		64,970		96		54		65,012		70,477		1		284		70,194
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		176,607		187		639		176,155		162,604		536		250		162,890
Privately Issued Residential Mortgage-Backed Securities		622		7		2		627		679		3		10		672
Obligations Issued by States and Political Subdivisions		41,946		56		—		42,002		93,445		58		—		93,503
Other Debt Securities		3,600		65		33		3,632		3,600		37		44		3,593
Total	$	291,699	$	431	$	728	$	291,402	$	336,751	$	635	$	627	$	336,759

Estimated Maturity Distribution of Securities Available-for-Sale

The following table shows the maturity distribution of the Company’s securities available-for-sale at June 30, 2019.

	Amortized Cost		Fair Value
	(in thousands)
Within one year	$	39,726	$	39,725
After one but within five years		123,800		123,830
After five but within ten years		90,050		89,822
More than 10 years		38,123		38,025
Total	$	291,699	$	291,402

Continuous Unrealized Loss Position for 12 Months or Less and 12 Months and Longer

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at June 30, 2019. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for less than 12 months and a continuous loss position for 12 months or longer. There are 20 and 21 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 160 holdings at June 30, 2019.

	June 30, 2019
	Less than 12 months				12 months or longer				Total
Temporarily Impaired Investments	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. Government Sponsored Enterprises		—		—		—		—		—		—
SBA Backed Securities		—		—		30,790		54		30,790		54
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		66,227		441		28,673		198		94,900		639
Privately Issued Residential Mortgage-Backed Securities		—		—		296		2		296		2
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		800		1		467		32		1,267		33
Total temporarily impaired securities	$	67,027	$	442	$	60,226	$	286	$	127,253	$	728

The following table shows the temporarily impaired securities of the Company’s available-for-sale portfolio at December 31, 2018. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for less than 12 months and a continuous loss position for 12 months or longer. There are 10 and 30 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 190 holdings at December 31, 2018.

	December 31, 2018
	Less than 12 months				12 months or longer				Total
Temporarily Impaired Investments	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury	$	—	$	—	$	1,992	$	8	$	1,992	$	8
U.S. Government Sponsored Enterprises		3,914		31		—		—		3,914		31
SBA Backed Securities		17,950		28		44,323		256		62,273		284
U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities		19,244		21		45,782		229		65,026		250
Privately Issued Residential Mortgage-Backed Securities		—		—		495		10		495		10
Obligations Issued by States and Political Subdivisions		—		—		—		—		—		—
Other Debt Securities		—		—		455		44		455		44
Total temporarily impaired securities	$	41,108	$	80	$	93,047	$	547	$	134,155	$	627