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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2019
SECURITIES  
Amortized Cost and Approximate Fair Value of Securities Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

8,758

 

$

 5

 

$

(84)

 

$

8,679

U.S. government-sponsored enterprises

 

 

54,338

 

 

 —

 

 

(1,089)

 

 

53,249

State and political subdivisions

 

 

31,501

 

 

938

 

 

(225)

 

 

32,214

Mortgage-backed securities -

 

 

 

 

 

 

 

 

 

 

 

  

U.S. government-sponsored enterprises

 

 

81,449

 

 

1,198

 

 

(178)

 

 

82,469

 Private mortgage-backed securities

 

 

22,110

 

 

368

 

 

(33)

 

 

22,445

Corporate Debt

 

 

13,019

 

 

113

 

 

(7)

 

 

13,125

 

 

$

211,175

 

$

2,622

 

$

(1,616)

 

$

212,181

December 31, 2018

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

25,161

 

$

 4

 

$

(371)

 

$

24,794

U.S. government-sponsored enterprises

 

 

20,404

 

 

38

 

 

(80)

 

 

20,362

State and political subdivisions

 

 

60,457

 

 

445

 

 

(540)

 

 

60,362

Mortgage-backed securities -

 

 

  

 

 

 

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

74,670

 

 

100

 

 

(1,157)

 

 

73,613

Corporate Debt

 

 

3,000

 

 

 8

 

 

 —

 

 

3,008

 

 

$

183,692

 

$

595

 

$

(2,148)

 

$

182,139

 

Amortized Cost and Fair Value of Securities By Contractual Maturity of Available-For-Sale Securities

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

 —

 

$

 —

Due after one year through five years

 

 

 —

 

 

 —

Due after five years through ten years

 

 

12,932

 

 

13,167

Due after ten years

 

 

31,588

 

 

32,172

Total bonds and obligations

 

 

44,520

 

 

45,339

U.S. government agencies

 

 

8,758

 

 

8,679

U.S. government-sponsored enterprises

 

 

54,338

 

 

53,249

Mortgage-backed securities:

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

81,449

 

 

82,469

Private mortgage-backed securities (1)

 

 

22,110

 

 

22,445

Total available for sale securities

 

$

211,175

 

$

212,181

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(Dollars in thousands)

 

Cost

 

Value

Due in one year or less

 

$

1,490

 

$

1,490

Due after one year through five years

 

 

1,505

 

 

1,537

Due after five years through ten years

 

 

1,017

 

 

1,056

Due after ten years

 

 

 —

 

 

 —

Total held to maturity securities

 

$

4,012

 

$

4,083

 

T​emporarily Impaired Gross Unrealized Losses And Fair Value of Available-For-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

    

 

 

    

Gross

    

 

 

    

Gross

    

 

 

    

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

(Dollars in thousands)

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

 —

 

$

 —

 

$

5,966

 

$

(84)

 

$

5,966

 

$

(84)

U.S. government-sponsored enterprises

 

 

44,110

 

 

(770)

 

 

9,139

 

 

(319)

 

 

53,249

 

 

(1,089)

State and political subdivisions

 

 

17,421

 

 

(225)

 

 

 —

 

 

 —

 

 

17,421

 

 

(225)

Mortgage-backed securities -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government-sponsored enterprises

 

 

17,205

 

 

(113)

 

 

4,973

 

 

(65)

 

 

22,178

 

 

(178)

Private mortgage-backed securities

 

 

6,973

 

 

(33)

 

 

 —

 

 

 —

 

 

6,973

 

 

(33)

Corporate Debt

 

 

2,142

 

 

(7)

 

 

 —

 

 

 —

 

 

2,142

 

 

(7)

Total temporarily impaired securities

 

$

87,851

 

$

(1,148)

 

$

20,078

 

$

(468)

 

$

107,929

 

$

(1,616)

December 31, 2018

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. government agencies

 

$

18,998

 

$

(316)

 

$

2,593

 

$

(55)

 

$

21,591

 

$

(371)

U.S. government-sponsored enterprises

 

 

10,348

 

 

(80)

 

 

 —

 

 

 —

 

 

10,348

 

 

(80)

State and political subdivisions

 

 

17,164

 

 

(204)

 

 

18,785

 

 

(336)

 

 

35,949

 

 

(540)

Mortgage-backed securities -

 

 

 

 

 

  

 

 

 

 

 

  

 

 

  

 

 

  

U.S. government-sponsored enterprises

 

 

30,547

 

 

(271)

 

 

28,773

 

 

(886)

 

 

59,320

 

 

(1,157)

Total temporarily impaired securities

 

$

77,057

 

$

(871)

 

$

50,151

 

$

(1,277)

 

$

127,208

 

$

(2,148)

 

Amortized Cost and Approximate Fair Value of Securities Held-To-Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

December 31, 2019

 

 

  

 

 

  

 

 

  

 

 

  

State and political subdivisions

 

$

4,012

 

$

71

 

$

 —

 

$

4,083

December 31, 2018

 

 

  

 

 

  

 

 

  

 

 

  

State and political subdivisions

 

$

4,078

 

$

74

 

$

 —

 

$

4,152