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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities
A summary of amortized cost and approximate fair value of investment securities available for sale follows:
 
June 30, 2018
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies
$
3,984

 
$
—

 
$
(64
)
 
$
3,920

Residential collateralized mortgage obligations - GSE
41,743

 
8

 
(942
)
 
40,809

Residential mortgage backed securities - GSE
15,877

 
38

 
(201
)
 
15,714

Obligations of state and political subdivisions
24,154

 
97

 
(384
)
 
23,867

Trust preferred debt securities - single issuer
1,489

 
—

 
(87
)
 
1,402

Corporate debt securities
28,374

 
22

 
(502
)
 
27,894

Other debt securities
16,539

 
28

 
(98
)
 
16,469

Total
$
132,160

 
$
193

 
$
(2,278
)
 
$
130,075


 
December 31, 2017
(Dollars in thousands) 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies
$
1,997

 
$
—

 
$
(30
)
 
$
1,967

Residential collateralized mortgage obligations - GSE
27,688

 
18

 
(381
)
 
27,325

Residential mortgage backed securities - GSE
14,231

 
129

 
(72
)
 
14,288

Obligations of state and political subdivisions
19,575

 
227

 
(82
)
 
19,720

Trust preferred debt securities - single issuer
2,481

 
—

 
(132
)
 
2,349

Corporate debt securities
27,917

 
14

 
(248
)
 
27,683

Other debt securities
12,140

 
12

 
(26
)
 
12,126

Total
$
106,029

 
$
400

 
$
(971
)
 
$
105,458
Held-to-maturity Securities
A summary of amortized cost, carrying value and approximate fair value of investment securities held to maturity follows:
 
June 30, 2018
(Dollars in thousands)
Amortized
Cost
 
Other-Than-
Temporary
Impairment
Recognized In
Accumulated
Other
Comprehensive
Loss
 
Carrying
Value
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. treasury securities and obligations of U.S. government-sponsored entities (“GSE”) and agencies
$
3,021

 
$
—

 
$
3,021

 
$
—

 
$
(93
)
 
$
2,928

Residential collateralized mortgage obligations - GSE
7,615

 
—

 
7,615

 
17

 
(194
)
 
7,438

Residential mortgage backed securities - GSE
33,247

 
—

 
33,247

 
87

 
(686
)
 
32,648

Obligations of state and political subdivisions
51,046

 
—

 
51,046

 
784

 
(133
)
 
51,697

Trust preferred debt securities - pooled
657

 
(501
)
 
156

 
566

 
—

 
722

Other debt securities
237

 
—

 
237

 
—

 
—

 
237

Total
$
95,823

 
$
(501
)
 
$
95,322

 
$
1,454

 
$
(1,106
)
 
$
95,670



 
December 31, 2017
(Dollars in thousands) 
Amortized
Cost
 
Other-Than-
Temporary
Impairment
Recognized In
Accumulated
Other
Comprehensive
Loss
 
Carrying
Value
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. treasury securities and obligations of U.S. government-sponsored entities (“GSE”) and agencies
$
3,234

 
$
—

 
$
3,234

 
$
—

 
$
(84
)
 
$
3,150

Residential collateralized mortgage obligations - GSE
8,701

 
—

 
8,701

 
94

 
(123
)
 
8,672

Residential mortgage backed securities - GSE
34,072

 
—

 
34,072

 
231

 
(127
)
 
34,176

Obligations of state and political subdivisions
63,797

 
—

 
63,797

 
1,224

 
(35
)
 
64,986

Trust preferred debt securities - pooled
657

 
(501
)
 
156

 
418

 
—

 
574

Other debt securities
307

 
—

 
307

 
—

 
—

 
307

Total
$
110,768

 
$
(501
)
 
$
110,267

 
$
1,967

 
$
(369
)
 
$
111,865
Investments Classified by Contractual Maturity Date
The following table sets forth certain information regarding the amortized cost, carrying value, fair value, weighted average yields and contractual maturities of the Company’s investment portfolio as of June 30, 2018.  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
June 30, 2018
(Dollars in thousands)
Amortized Cost
 

Fair Value
 
Yield
Available for sale
 
 
 
 
 
Due in one year or less
$
3,667

 
$
3,665

 
2.04
%
Due after one year through five years
32,156

 
31,753

 
2.70
%
Due after five years through ten years
28,267

 
27,873

 
2.93
%
Due after ten years
68,070

 
66,784

 
2.78
%
Total
$
132,160

 
$
130,075

 
2.77
%
 
 
 
 
 
 
 
Carrying Value
 

Fair Value
 
Yield
Held to maturity
 

 
 

 
 

Due in one year or less
$
19,267

 
$
19,312

 
2.35
%
Due after one year through five years
16,540

 
16,974

 
3.99
%
Due after five years through ten years
21,110

 
21,035

 
3.04
%
Due after ten years
38,405

 
38,349

 
3.06
%
Total
$
95,322

 
$
95,670

 
3.07
%
Investment Securities, Continuous Unrealized Loss Position, Fair Value
Gross unrealized losses on available for sale and held to maturity securities and the fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2018 and December 31, 2017 were as follows:
 
June 30, 2018
 
 
 
Less than 12 months
 
12 months or longer
 
Total
(Dollars in thousands)
Number
of
Securities
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Treasury securities and
obligations of U.S.     
Government sponsored
entities (GSE) and   
agencies
5
 
$
3,920

 
$
(64
)
 
$
2,928

 
$
(93
)
 
$
6,848

 
$
(157
)
Residential collateralized
mortgage obligations - GSE
29
 
37,358

 
(686
)
 
7,891

 
(450
)
 
$
45,249

 
$
(1,136
)
Residential mortgage backed
securities - GSE
50
 
37,000

 
(715
)
 
4,046

 
(172
)
 
$
41,046

 
$
(887
)
Obligations of state and
political subdivisions
69
 
22,187

 
(472
)
 
2,532

 
(45
)
 
$
24,719

 
$
(517
)
Trust preferred debt securities -
single issuer
2
 
—

 
—

 
1,402

 
(87
)
 
$
1,402

 
$
(87
)
Corporate debt securities
7
 
14,273

 
(268
)
 
7,546

 
(234
)
 
$
21,819

 
$
(502
)
Other debt securities
9
 
11,016

 
(97
)
 
15

 
(1
)
 
$
11,031

 
$
(98
)
Total temporarily impaired
securities
171
 
$
125,754

 
$
(2,302
)
 
$
26,360

 
$
(1,082
)
 
$
152,114

 
$
(3,384
)
 
December 31, 2017
 
 
 
Less than 12 months
 
12 months or longer
 
Total
(Dollars in thousands)
Number
of
Securities
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
U.S. Treasury securities and
obligations of U.S.      
Government sponsored
corporations (GSE) and   
agencies
2
 
$
1,967

 
$
(30
)
 
$
3,150

 
$
(84
)
 
$
5,117

 
$
(114
)
Residential collateralized
mortgage obligations - GSE
11
 
19,237

 
(205
)
 
8,788

 
(299
)
 
$
28,025

 
$
(504
)
Residential mortgage backed
securities - GSE
35
 
21,770

 
(141
)
 
3,074

 
(58
)
 
$
24,844

 
$
(199
)
Obligations of state and
political subdivisions
42
 
11,594

 
(82
)
 
2,717

 
(35
)
 
$
14,311

 
$
(117
)
Trust preferred debt securities - single issuer
4
 
—

 
—

 
2,349

 
(132
)
 
$
2,349

 
$
(132
)
Corporate debt securities
7
 
11,967

 
(98
)
 
7,662

 
(150
)
 
$
19,629

 
$
(248
)
Other debt securities
4
 
8,840

 
(25
)
 
21

 
(1
)
 
$
8,861

 
$
(26
)
Total temporarily impaired
securities
105
 
$
75,375

 
$
(581
)
 
$
27,761

 
$
(759
)
 
$
103,136

 
$
(1,340
)