XML 87 R26.htm IDEA: XBRL DOCUMENT v3.3.0.814
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Amortized cost and estimated fair value of held to maturity securities and available for sale securities by contractual maturity
The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at September 30, 2015 and December 31, 2014, by contractual maturity within each type:
 
At September 30, 2015
 
At December 31, 2014
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Securities Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
$
17,066

 
$
176

 
$
—

 
$
17,242

 
$
13,088

 
$
82

 
$
—

 
$
13,170

After 1 year to 5 years
23,992

 
111

 
(22
)
 
24,081

 
41,259

 
388

 
(52
)
 
41,595


41,058

 
287

 
(22
)
 
41,323

 
54,347

 
470

 
(52
)
 
54,765

Total
$
41,058

 
$
287

 
$
(22
)
 
$
41,323

 
$
54,347

 
$
470

 
$
(52
)
 
$
54,765

Securities Available-for-Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. treasuries:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
After 1 year to 5 years
$
4,977

 
$
—

 
$
(32
)
 
$
4,945

 
$
4,972

 
$
—

 
$
(127
)
 
$
4,845


4,977

 
—

 
(32
)
 
4,945

 
4,972

 
—

 
(127
)
 
4,845

U.S. government corporations and agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
After 1 year to 5 years
104,893

 
491

 
(13
)
 
105,371

 
122,328

 
48

 
(532
)
 
121,844


104,893

 
491

 
(13
)
 
105,371

 
122,328

 
48

 
(532
)
 
121,844

State and political subdivisions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
—

 
—

 
—

 
—

 
600

 
2

 
—

 
602

After 1 year to 5 years
15,664

 
91

 
(15
)
 
15,740

 
12,326

 
17

 
(59
)
 
12,284

After 5 years to 10 years
51,605

 
1,446

 
(34
)
 
53,017

 
49,554

 
1,616

 
(77
)
 
51,093

Over 10 years
38,428

 
1,285

 
(50
)
 
39,663

 
37,004

 
1,792

 
(1
)
 
38,795


105,697

 
2,822

 
(99
)
 
108,420

 
99,484

 
3,427

 
(137
)
 
102,774

Residential mortgage-backed securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
After 1 year to 5 years
9,767

 
110

 
—

 
9,877

 
5,066

 
17

 
—

 
5,083

After 5 years to 10 years
—

 
—

 
—

 
—

 
4,856

 
—

 
(32
)
 
4,824

Over 10 years
3,598

 
69

 
—

 
3,667

 
3,661

 
75

 
—

 
3,736


13,365

 
179

 
—

 
13,544

 
13,583

 
92

 
(32
)
 
13,643

Collateralized mortgage obligations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Over 10 years
3,352

 
—

 
(49
)
 
3,303

 
3,810

 
—

 
(85
)
 
3,725


3,352

 
—

 
(49
)
 
3,303

 
3,810

 
—

 
(85
)
 
3,725

Corporate bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
—

 
—

 
—

 
—

 
4,998

 
22

 
—

 
5,020

After 1 year to 5 years
19,768

 
80

 
(165
)
 
19,683

 
29,505

 
88

 
(244
)
 
29,349

After 5 years to 10 years
10,403

 
1

 
(157
)
 
10,247

 
20,442

 
—

 
(371
)
 
20,071

Over 10 years
60,000

 
88

 
(2,105
)
 
57,983

 
—

 
—

 
—

 
—


90,171

 
169

 
(2,427
)
 
87,913

 
54,945

 
110

 
(615
)
 
54,440

Money market mutual funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No stated maturity
9,020

 
—

 
—

 
9,020

 
11,675

 
—

 
—

 
11,675


9,020

 
—

 
—

 
9,020

 
11,675

 
—

 
—

 
11,675

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No stated maturity
556

 
428

 
—

 
984

 
854

 
483

 
—

 
1,337


556

 
428

 
—

 
984

 
854

 
483

 
—

 
1,337

Total
$
332,031

 
$
4,089

 
$
(2,620
)
 
$
333,500

 
$
311,651

 
$
4,160

 
$
(1,528
)
 
$
314,283
Information Related to Sales of Securities Available-for-Sale
The following table presents information related to sales of securities available-for-sale during the nine months ended September 30, 2015 and 2014:
 
Nine Months Ended September 30,
(Dollars in thousands)
2015
 
2014
Securities available-for-sale:
 
 
 
Proceeds from sales
$
56,005

 
$
30,286

Gross realized gains on sales
591

 
557

Gross realized losses on sales
23

 
—

Tax expense related to net realized gains on sales
199

 
195
Amount of Securities in Unrealized Loss Position
The following table shows the fair value of securities that were in an unrealized loss position at September 30, 2015 and December 31, 2014 by the length of time those securities were in a continuous loss position:
 
Less than
Twelve Months
 
Twelve Months
or Longer
 
Total
(Dollars in thousands)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
At September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Securities Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
$
—

 
$
—

 
$
4,987

 
$
(22
)
 
$
4,987

 
$
(22
)
Total
$
—

 
$
—

 
$
4,987

 
$
(22
)
 
$
4,987

 
$
(22
)
Securities Available-for-Sale
 
 
 
 
 
 
 
 
 
 
 
U.S. treasuries
$
—

 
$
—

 
$
4,945

 
$
(32
)
 
$
4,945

 
$
(32
)
U.S. government corporations and agencies
3,004

 
(8
)
 
4,995

 
(5
)
 
7,999

 
(13
)
State and political subdivisions
11,924

 
(90
)
 
1,340

 
(9
)
 
13,264

 
(99
)
Collateralized mortgage obligations
—

 
—

 
3,304

 
(49
)
 
3,304

 
(49
)
Corporate bonds
49,961

 
(2,228
)
 
10,799

 
(199
)
 
60,760

 
(2,427
)
Total
$
64,889

 
$
(2,326
)
 
$
25,383

 
$
(294
)
 
$
90,272

 
$
(2,620
)
At December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Securities Held-to-Maturity
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
$
15,036

 
$
(27
)
 
$
4,987

 
$
(25
)
 
$
20,023

 
$
(52
)
Total
$
15,036

 
$
(27
)
 
$
4,987

 
$
(25
)
 
$
20,023

 
$
(52
)
Securities Available-for-Sale
 
 
 
 
 
 
 
 
 
 
 
U.S. treasuries
$
—

 
$
—

 
$
4,845

 
$
(127
)
 
$
4,845

 
$
(127
)
U.S. government corporations and agencies
39,607

 
(80
)
 
62,140

 
(452
)
 
101,747

 
(532
)
State and political subdivisions
10,246

 
(31
)
 
9,303

 
(106
)
 
19,549

 
(137
)
Residential mortgage-backed securities
4,824

 
(32
)
 
—

 
—

 
4,824

 
(32
)
Collateralized mortgage obligations
—

 
—

 
3,725

 
(85
)
 
3,725

 
(85
)
Corporate bonds
21,949

 
(328
)
 
15,805

 
(287
)
 
37,754

 
(615
)
Total
$
76,626

 
$
(471
)
 
$
95,818

 
$
(1,057
)
 
$
172,444

 
$
(1,528
)