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Available-For-Sale Securities (Tables)
3 Months Ended
Mar. 31, 2019
Available-For-Sale Securities  
Summary of the amortized cost and fair value of the available for sale investment securities portfolio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

U. S. government agencies and government sponsored entities

 

$

7,925

 

 

72

 

$

(34)

 

$

7,963

 

Agency mortgage-backed securities: residential

 

 

19,655

 

 

74

 

 

(127)

 

 

19,602

 

State and municipal

 

 

16,373

 

 

131

 

 

(82)

 

 

16,422

 

Trust preferred security

 

 

1,894

 

 

 —

 

 

(254)

 

 

1,640

 

Total Available-for-Sale Securities

 

$

45,847

 

$

277

 

$

(497)

 

$

45,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

U. S. government agencies and government sponsored entities

 

$

8,529

 

$

29

 

$

(118)

 

$

8,440

 

Agency mortgage-backed securities: residential

 

 

20,640

 

 

15

 

 

(355)

 

 

20,300

 

State and municipal

 

 

16,866

 

 

57

 

 

(195)

 

 

16,728

 

Trust preferred security

 

 

1,893

 

 

 —

 

 

(263)

 

 

1,630

 

Total Available-for-Sale Securities

 

$

47,928

 

$

101

 

$

(931)

 

$

47,098

 

 

Summary of the amortized cost and fair value of investment securities by contractual maturity

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

 

(Dollars in Thousands)

 

 

 

Available-For-Sale

 

 

    

Amortized Cost

    

Fair Value

 

Due in one year or less

 

$

2,658

 

$

2,660

 

Due from one to five years

 

 

8,418

 

 

8,406

 

Due from five to ten years

 

 

10,512

 

 

10,629

 

Due after ten years

 

 

4,604

 

 

4,330

 

Agency mortgage-backed: residential

 

 

19,655

 

 

19,602

 

Total

 

$

45,847

 

$

45,627

 

 

Summary of the investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

Description of

    

 

 

    

Unrealized

    

 

 

    

Unrealized

    

 

 

    

Unrealized

 

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

March 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies and government sponsored entities

 

$

 —

 

$

 —

 

$

3,591

 

$

(34)

 

$

3,591

 

$

(34)

 

Agency mortgage-backed: residential

 

 

 —

 

 

 —

 

 

12,543

 

 

(127)

 

 

12,543

 

 

(127)

 

State and municipal

 

 

1,024

 

 

(7)

 

 

5,563

 

 

(75)

 

 

6,587

 

 

(82)

 

Trust preferred security

 

 

 —

 

 

 —

 

 

1,640

 

 

(254)

 

 

1,640

 

 

(254)

 

Total temporarily impaired

 

$

1,024

 

$

(7)

 

$

23,337

 

$

(490)

 

$

24,361

 

$

(497)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

Description of

    

 

 

    

Unrealized

    

 

 

    

Unrealized

    

 

 

    

Unrealized

 

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies and government sponsored entities

 

$

 —

 

$

 —

 

$

6,243

 

$

(118)

 

$

6,243

 

$

(118)

 

Agency mortgage-backed: residential

 

 

1,029

 

 

(2)

 

 

15,431

 

 

(353)

 

 

16,460

 

 

(355)

 

State and municipal

 

 

689

 

 

(2)

 

 

9,445

 

 

(193)

 

 

10,134

 

 

(195)

 

Trust preferred security

 

 

 —

 

 

 —

 

 

1,630

 

 

(263)

 

 

1,630

 

 

(263)

 

Total temporarily impaired

 

$

1,718

 

$

(4)

 

$

32,749

 

$

(927)

 

$

34,467

 

$

(931)