Investments (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Values of Investment Securities Held-to-maturity

Amortized cost and fair values of investment securities held-to-maturity at December 31, 2015, including gross unrealized gains and losses, are summarized as follows:

(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
Municipal securities	$	52,859	$	1,699	$	(88	)	$	54,470
Total investment securities held–to-maturity	$	52,859	$	1,699	$	(88	)	$	54,470

Schedule of Amortized Cost and Fair Values of Investment Securities Available-for-sale

Amortized cost and fair values of investment securities available-for-sale at September 30, 2016 are summarized as follows:

(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
U.S. Agency securities	$	19,931	$	5	$	(92	)	$	19,844
U.S. Sponsored Mortgage-backed securities	55,786		188		(310		)	55,664
Municipal securities	67,876		1,799		(125		)	69,550
Total debt securities	143,593		1,992		(527		)	145,058
Equity and other securities	6,948		165		—			7,113
Total investment securities available-for-sale	$	150,541	$	2,157	$	(527	)	$	152,171

Amortized cost and fair values of investment securities available-for-sale at December 31, 2015 are summarized as follows:

(Dollars in thousands)	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
U.S. Agency securities	$	29,532	$	—	$	(181	)	$	29,351
U.S. Sponsored Mortgage-backed securities	34,246		1		(533		)	33,714
Municipal securities	1,775		23		—			1,798
Total debt securities	65,553		24		(714		)	64,863
Equity and other securities	5,309		95		(11		)	5,393
Total investment securities available-for-sale	$	70,862	$	119	$	(725	)	$	70,256

Schedule of Amortized Cost and Fair Values of Debt Securities by Maturity

The following tables summarize amortized cost and fair values of debt securities by maturity at September 30, 2016:

	Available for sale
(Dollars in thousands)	Amortized Cost		Fair Value
Within one year	$	1,287	$	1,294
After one year, but within five	5,278		5,416
After five years, but within ten	15,473		15,754
After ten years	121,555		122,594
Total	$	143,593	$	145,058

Schedule of Investments in an Unrealized Loss Position

The following table discloses investments in an unrealized loss position at September 30, 2016:

Description and number of positions	Less than 12 months					12 months or more
(Dollars in thousands)	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Agency securities (9)	$	10,990	$	(92	)	$	—	$	—
U.S. Sponsored Mortgage-backed securities (17)	13,130		(62		)	17,733		(248		)
Municipal securities (23)	11,042		(125		)	—		—
Equity and other securities (0)	—		—			—		—
	$	35,162	$	(279	)	$	17,733	$	(248	)

The following table discloses investments in an unrealized loss position at December 31, 2015:

Description and number of positions	Less than 12 months					12 months or more
(Dollars in thousands)	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Agency securities (9)	$	28,351	$	(181	)	$	—	$	—
U.S. Sponsored Mortgage-backed securities (19)	20,647		(233		)	11,862		(300		)
Municipal securities (22)	3,827		(32		)	5,559		(56		)
Equity and other securities (1)	2,489		(11		)	—		—
	$	55,314	$	(457	)	$	17,421	$	(356	)