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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2015
Marketable Securities [Abstract]  
Schedule of Available-for-sale and Held to Maturity Securities [Table Text Block]
The following tables summarize the amortized cost and fair value of available-for-sale securities and held-to-maturity investment securities at December 31, 2015 and 2014 and the corresponding amounts of gross unrealized and unrecognized gains and losses:
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
3,000
 
$
1
 
$
(7)
 
$
2,994
 
Mortgage-backed securities - residential
 
 
63,815
 
 
898
 
 
(59)
 
 
64,654
 
REMICs
 
 
1,592
 
 
28
 
 
-
 
 
1,620
 
Collateralized mortgage obligations
 
 
71,176
 
 
976
 
 
(353)
 
 
71,799
 
Preferred stock
 
 
-
 
 
1
 
 
-
 
 
1
 
Corporate bonds
 
 
4,955
 
 
39
 
 
(17)
 
 
4,977
 
Obligations of state and political subdivisions
 
 
85,680
 
 
4,712
 
 
(2)
 
 
90,390
 
Total Available-for-Sale
 
$
230,218
 
$
6,655
 
$
(438)
 
$
236,435
 
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrecognized
 
Unrecognized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
 
 
(In Thousands)
 
Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
FHLMC certificates
 
$
14
 
$
-
 
$
-
 
$
14
 
FNMA certificates
 
 
74
 
 
2
 
 
(1)
 
 
75
 
GNMA certificates
 
 
31
 
 
1
 
 
-
 
 
32
 
Obligations of states and political subdivisions
 
 
124
 
 
-
 
 
-
 
 
124
 
Total Held-to-Maturity
 
$
243
 
$
3
 
$
(1)
 
$
245
 
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
1,000
 
$
-
 
$
(20)
 
$
980
 
Mortgage-backed securities - residential
 
 
58,380
 
 
1,476
 
 
-
 
 
59,856
 
REMICs
 
 
1,820
 
 
19
 
 
-
 
 
1,839
 
Collateralized mortgage obligations
 
 
80,252
 
 
1,280
 
 
(411)
 
 
81,121
 
Preferred stock
 
 
-
 
 
1
 
 
-
 
 
1
 
Corporate bonds
 
 
6,913
 
 
85
 
 
(6)
 
 
6,992
 
Obligations of state and political subdivisions
 
 
83,732
 
 
4,827
 
 
(27)
 
 
88,532
 
Total Available-for-Sale
 
$
232,097
 
$
7,688
 
$
(464)
 
$
239,321
 
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrecognized
 
Unrecognized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
 
 
(In Thousands)
 
Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
FHLMC certificates
 
$
26
 
$
-
 
$
(8)
 
$
18
 
FNMA certificates
 
 
93
 
 
2
 
 
-
 
 
95
 
GNMA certificates
 
 
39
 
 
1
 
 
-
 
 
40
 
Obligations of states and political subdivisions
 
 
155
 
 
-
 
 
-
 
 
155
 
Total Held-to-Maturity
 
$
313
 
$
3
 
$
(8)
 
$
308
 
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of the investment securities portfolio at December 31, 2015 is shown below by contractual maturity. Expected maturities will differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity tables below, mortgage-backed securities and collateralized mortgage obligations, which are not due at a single maturity date, have not been allocated over maturity groupings.
 
 
 
Available-for-Sale
 
 
 
Amortized
 
Fair
 
 
 
Cost
 
Value
 
 
 
(In Thousands)
 
2015
 
 
 
 
 
 
 
Available-for-sale
 
 
 
 
 
 
 
Due in one year or less
 
$
830
 
$
835
 
Due after one year through five years
 
 
17,256
 
 
17,657
 
Due after five years through ten years
 
 
37,060
 
 
39,336
 
Due after ten years
 
 
38,488
 
 
40,533
 
MBS/CMO/REMIC
 
 
136,584
 
 
138,074
 
Total
 
$
230,218
 
$
236,435
 
 
 
 
 
 
 
 
 
Held-to-maturity
 
 
 
 
 
 
 
Due after one year through five years
 
$
124
 
$
124
 
MBS/CMO
 
 
119
 
 
121
 
Total
 
$
243
 
$
245
 
Unrealized Gain (Loss) on Investments [Table Text Block]
The following table summarizes First Defiance’s securities that were in an unrealized loss position at December 31, 2015 and December 31, 2014:
 
 
 
Duration of Unrealized Loss Position
 
 
 
 
 
 
 
 
 
Less than 12 Months
 
12 Months or Longer
 
Total
 
 
 
 
 
 
Gross
 
 
 
 
Gross
 
 
 
 
 
 
 
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
 
 
Value
 
Loss
 
Value
 
Loss
 
Value
 
Loses
 
 
 
(In Thousands)
 
At December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
993
 
$
(7)
 
$
-
 
$
-
 
$
993
 
$
(7)
 
Collateralized mortgage obligations
 
 
12,374
 
 
(150)
 
 
8,158
 
 
(203)
 
 
20,532
 
 
(353)
 
Corporate bonds
 
 
983
 
 
(17)
 
 
-
 
 
-
 
 
983
 
 
(17)
 
Obligations of state and political subdivisions
 
 
-
 
 
-
 
 
433
 
 
(2)
 
 
433
 
 
(2)
 
Mortgage-backed securities-residential
 
 
12,525
 
 
(59)
 
 
-
 
 
-
 
 
12,525
 
 
(59)
 
Held to maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FNMA certificates
 
 
13
 
 
(1)
 
 
-
 
 
-
 
 
13
 
 
(1)
 
Total temporarily impaired securities
 
$
26,888
 
$
(234)
 
$
8,591
 
$
(205)
 
$
35,479
 
$
(439)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
-
 
$
-
 
$
980
 
$
(20)
 
$
980
 
$
(20)
 
Collateralized mortgage obligations
 
 
4,466
 
 
(138)
 
 
14,633
 
 
(273)
 
 
19,099
 
 
(411)
 
Corporate bonds
 
 
-
 
 
-
 
 
994
 
 
(6)
 
 
994
 
 
(6)
 
Obligations of state and political subdivisions
 
 
1,194
 
 
(8)
 
 
1,499
 
 
(19)
 
 
2,693
 
 
(27)
 
Held to maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FHLMC certificates
 
 
18
 
 
(8)
 
 
-
 
 
-
 
 
18
 
 
(8)
 
Total temporarily impaired securities
 
$
5,678
 
$
(154)
 
$
18,106
 
$
(318)
 
$
23,784
 
$
(472)
 
Schedule of Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]
The table below presents a roll-forward of the credit losses relating to debt securities recognized in earnings for the years ended December 31, 2015, 2014 and 2013 (In Thousands):
 
 
 
2015
 
2014
 
2013
 
Beginning balance, January 1
 
$
-
 
$
3,513
 
$
3,176
 
Additions for amounts related to credit loss for which an OTTI was not previously recognized
 
 
-
 
 
-
 
 
337
 
 
 
 
 
 
 
 
 
 
 
 
Reductions for amounts realized for securities sold/redeemed during the period
 
 
-
 
 
(3,513)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, December 31
 
$
-
 
$
-
 
$
3,513
 
Marketable Securities [Table Text Block]
The proceeds from sales and calls of securities and the associated gains and losses are listed below:
 
 
 
2015
 
2014
 
2013
 
 
 
(In Thousands)
 
Proceeds
 
$
426
 
$
14,913
 
$
4,027
 
Gross realized gains
 
 
22
 
 
1,574
 
 
97
 
Gross realized losses
 
 
-
 
 
(642)
 
 
-