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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Marketable Securities [Abstract]  
Schedule of Available-for-sale and Held to Maturity Securities [Table Text Block]
The following is a summary of available-for-sale and held-to-maturity securities:
 
 
 
Amortized

Cost
 
 
Gross

Unrealized

Gains
 
 
Gross

Unrealized

Losses
 
 
Fair Value
 
 
 
(In Thousands)
 
At March 31, 2019
 
 
 
Available-for-Sale Securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. federal government corporations and agencies
 
$
3,913
 
 
$
4
 
 
$
(6
)
 
$
3,911
 
Mortgage-backed securities – residential
 
 
77,682
 
 
 
418
 
 
 
(604
)
 
 
77,496
 
REMICs
 
 
2,587
 
 
 
13
 
 
 
-
 
 
 
2,600
 
Collateralized mortgage obligations
 
 
101,524
 
 
 
418
 
 
 
(522
)
 
 
101,420
 
Preferred stock
 
 
-
 
 
 
1
 
 
 
-
 
 
 
1
 
Corporate bonds
 
 
12,909
 
 
 
98
 
 
 
(29
)
 
 
12,978
 
Obligations of state and political subdivisions
 
 
99,282
 
 
 
2,366
 
 
 
(159
)
 
 
101,489
 
Total Available-for-Sale
 
$
297,897
 
 
$
3,318
 
 
$
(1,320
)
 
$
299,895
 
 
 
 
Amortized

Cost
 
 
Gross

Unrecognized

Gains
 
 
Gross

Unrecognized

Losses
 
 
Fair Value
 
 
 
(In Thousands)
 
Held-to-Maturity Securities*:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FHLMC certificates
 
$
7
 
 
$
-
 
 
$
-
 
 
$
7
 
FNMA certificates
 
 
30
 
 
 
-
 
 
 
-
 
 
 
30
 
GNMA certificates
 
 
11
 
 
 
-
 
 
 
-
 
 
 
11
 
Obligations of state and political subdivisions
 
 
475
 
 
 
-
 
 
 
-
 
 
 
475
 
Total Held-to Maturity
 
$
523
 
 
$
-
 
 
$
-
 
 
$
523
 
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Amortized
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
 
 
Cost
 
 
Gains
 
 
Losses
 
 
Value
 
 
 
(In Thousands)
 
At December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
2,519
 
 
$
2
 
 
$
(18
)
 
$
2,503
 
Mortgage-backed securities - residential
 
 
76,165
 
 
 
111
 
 
 
(1,566
)
 
 
74,710
 
REMICs
 
 
2,712
 
 
 
4
 
 
 
(7
)
 
 
2,709
 
Collateralized mortgage obligations - residential
 
 
103,026
 
 
 
124
 
 
 
(1,689
)
 
 
101,461
 
Corporate bonds
 
 
12,910
 
 
 
44
 
 
 
(148
)
 
 
12,806
 
Obligations of state and political  subdivisions
 
 
99,349
 
 
 
1,258
 
 
 
(720
)
 
 
99,887
 
Total Available-for-Sale
 
$
296,681
 
 
$
1,543
 
 
$
(4,148
)
 
$
294,076
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Amortized
 
 
Unrecognized
 
 
Unrecognized
 
 
Fair
 
 
 
Cost
 
 
Gains
 
 
Losses
 
 
Value
 
 
 
(In Thousands)
 
Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FHLMC certificates
 
$
8
 
 
$
-
 
 
$
-
 
 
$
8
 
FNMA certificates
 
 
31
 
 
 
-
 
 
 
-
 
 
 
31
 
GNMA certificates
 
 
12
 
 
 
-
 
 
 
-
 
 
 
12
 
Obligations of states and political subdivisions
 
 
475
 
 
 
-
 
 
 
-
 
 
 
475
 
Total Held-to-Maturity
 
$
526
 
 
$
-
 
 
$
-
 
 
$
526
 
 
* FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities.
Investments Classified by Contractual Maturity Date [Table Text Block]
These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments.
 
 
 
Available-for-Sale
 
 
Held-to-Maturity
 
 
 
Amortized
 
 
Fair
 
 
Amortized
 
 
Fair
 
 
 
Cost
 
 
Value
 
 
Cost
 
 
Value
 
 
 
(In Thousands)
 
Due in one year or less
 
$
4,987
 
 
$
5,007
 
 
$
31
 
 
$
31
 
Due after one year through five years
 
 
19,869
 
 
 
20,047
 
 
 
-
 
 
 
-
 
Due after five years through ten years
 
 
34,265
 
 
 
35,050
 
 
 
444
 
 
 
444
 
Due after ten years
 
 
56,983
 
 
 
58,275
 
 
 
-
 
 
 
-
 
MBS/CMO/REMIC
 
 
181,793
 
 
 
181,516
 
 
 
48
 
 
 
48
 
 
 
$
297,897
 
 
$
299,895
 
 
$
523
 
 
$
523
 
Unrealized Gain (Loss) on Investments [Table Text Block]
The following tables summarize First Defiance’s securities that were in an unrealized loss position at March 31, 2019, and December 31, 2018:
 
 
 
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 March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
-
 
 
$
-
 
 
$
513
 
 
$
(6
)
 
$
513
 
 
$
(6
)
Mortgage-backed securities-residential
 
 
-
 
 
 
-
 
 
 
44,304
 
 
 
(604
)
 
 
44,304
 
 
 
(604
)
Collateralized mortgage obligations
 
 
904
 
 
 
(3
)
 
 
48,948
 
 
 
(519
)
 
 
49,852
 
 
 
(522
)
Corporate bonds
 
 
2,859
 
 
 
(29
)
 
 
-
 
 
 
-
 
 
 
2,859
 
 
 
(29
)
Obligations of state and political subdivisions
 
 
-
 
 
 
-
 
 
 
10,124
 
 
 
(159
)
 
 
10,124
 
 
 
(159
)
Total temporarily impaired securities
 
$
3,763
 
 
$
(32
)
 
$
103,889
 
 
$
(1,288
)
 
$
107,652
 
 
$
(1,320
)
 
 
 
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, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government corporations and agencies
 
$
-
 
 
$
-
 
 
$
500
 
 
$
(18
)
 
$
500
 
 
$
(18
)
Mortgage-backed securities-residential
 
 
11,589
 
 
 
(71
)
 
 
48,665
 
 
 
(1,495
)
 
 
60,254
 
 
 
(1,566
)
REMIC’s
 
 
-
 
 
 
-
 
 
 
857
 
 
 
(7
)
 
 
857
 
 
 
(7
)
Collateralized mortgage obligations
 
 
11,613
 
 
 
(53
)
 
 
70,585
 
 
 
(1,636
)
 
 
82,198
 
 
 
(1,689
)
Corporate Bonds
 
 
5,752
 
 
 
(148
)
 
 
-
 
 
 
-
 
 
 
5,752
 
 
 
(148
)
Obligations of state and political subdivisions
 
 
11,974
 
 
 
(69
)
 
 
16,492
 
 
 
(651
)
 
 
28,466
 
 
 
(720
)
Held to maturity securities:
 
 
8
 
 
 
-
 
 
 
26
 
 
 
-
 
 
 
34
 
 
 
-
 
Total temporarily impaired securities
 
$
40,936
 
 
$
(341
)
 
$
137,125
 
 
$
(3,807
)
 
$
178,061
 
 
$
(4,148
)