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SECURITIES AVAILABLE FOR SALE (Tables)
12 Months Ended
Dec. 31, 2019
SECURITIES AVAILABLE FOR SALE  
Schedule of securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

     U.S. treasury notes

 

$

9,165

 

$

 3

 

$

 —

 

$

9,168

 

U.S. government agencies

 

 

23,716

 

 

60

 

 

(41)

 

 

23,735

 

States and political subdivisions

 

 

31,950

 

 

661

 

 

(22)

 

 

32,589

 

Mortgage-backed - residential

 

 

113,629

 

 

634

 

 

(272)

 

 

113,991

 

Mortgage-backed - commercial

 

 

50,092

 

 

406

 

 

(147)

 

 

50,351

 

Asset-backed

 

 

35,682

 

 

55

 

 

(241)

 

 

35,496

 

Total

 

$

264,234

 

$

1,819

 

$

(723)

 

$

265,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

     U.S. treasury notes

 

$

4,032

 

$

 —

 

$

(57)

 

$

3,975

 

U.S. government agencies

 

 

41,122

 

 

515

 

 

(459)

 

 

41,178

 

States and political subdivisions

 

 

64,196

 

 

503

 

 

(495)

 

 

64,204

 

Mortgage-backed - residential

 

 

150,704

 

 

159

 

 

(3,614)

 

 

147,249

 

Mortgage-backed - commercial

 

 

49,484

 

 

 —

 

 

(921)

 

 

48,563

 

Asset-backed

 

 

10,234

 

 

56

 

 

(90)

 

 

10,200

 

Total

 

$

319,772

 

$

1,233

 

$

(5,636)

 

$

315,369

 

 

Schedule of amortized cost and fair value of securities by contractual maturity

 

 

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

 

 

 

Cost

 

Value

 

Due in one year or less

 

$

12,350

 

$

12,369

 

Due after one year through five years

 

 

18,624

 

 

18,638

 

Due after five years through ten years

 

 

17,902

 

 

18,186

 

Due after ten years

 

 

15,955

 

 

16,299

 

 

 

 

64,831

 

 

65,492

 

Mortgage-backed - residential

 

 

113,629

 

 

113,991

 

Mortgage-backed - commercial

 

 

50,092

 

 

50,351

 

Asset-backed

 

 

35,682

 

 

35,496

 

Total

 

$

264,234

 

$

265,330

 

 

Schedule of securities with unrealized losses not recognized in income

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

Description of Securities 

 

Value

 

Loss

 

Value

 

Loss

 

Value

 

Loss

U.S. government agencies

 

$

6,171

 

$

(18)

 

$

4,396

 

$

(23)

 

$

10,567

 

$

(41)

States and political subdivisions

 

 

859

 

 

(3)

 

 

1,199

 

 

(19)

 

 

2,058

 

 

(22)

Mortgage-backed - residential

 

 

32,718

 

 

(129)

 

 

14,583

 

 

(143)

 

 

47,301

 

 

(272)

Mortgage-backed - commercial

 

 

5,760

 

 

(25)

 

 

10,625

 

 

(122)

 

 

16,385

 

 

(147)

Asset-backed

 

 

21,786

 

 

(150)

 

 

6,962

 

 

(91)

 

 

28,748

 

 

(241)

Total temporarily impaired

 

$

67,294

 

$

(325)

 

$

37,765

 

$

(398)

 

$

105,059

 

$

(723)

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

Description of Securities

 

Value

 

Loss

 

Value

 

Loss

 

Value

 

Loss

U.S. treasury notes

 

$

 —

 

$

 —

 

$

3,975

 

$

(57)

 

$

3,975

 

$

(57)

U.S. government agencies

 

 

 —

 

 

 —

 

 

21,102

 

 

(459)

 

 

21,102

 

 

(459)

States and political subdivisions

 

 

8,007

 

 

(125)

 

 

25,540

 

 

(370)

 

 

33,547

 

 

(495)

Mortgage-backed - residential

 

 

19,250

 

 

(144)

 

 

112,369

 

 

(3,470)

 

 

131,619

 

 

(3,614)

Mortgage-backed - commercial

 

 

 —

 

 

 —

 

 

45,949

 

 

(921)

 

 

45,949

 

 

(921)

Asset-backed

 

 

1,920

 

 

(90)

 

 

 —

 

 

 —

 

 

1,920

 

 

(90)

Total temporarily impaired

 

$

29,177

 

$

(359)

 

$

208,935

 

$

(5,277)

 

$

238,112

 

$

(5,636)