XML 38 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Securities (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities
The following table summarizes the amortized cost and fair value of the available-for-sale securities portfolio at June 30, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss).
(Dollars in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
June 30, 2020    
 U.S. government sponsored entities & agencies$7,110  $143  $—  $7,253  
State and political subdivision111,743  7,584  (234) 119,093  
Mortgage-backed securities: residential8,463  218  (1) 8,680  
Mortgage-backed securities: commercial8,062  634  —  8,696  
Collateralized mortgage obligations: residential              7,272  147  (17) 7,402  
Collateralized mortgage obligations: commercial              29,908  1,366  (7) 31,267  
U.S. Treasury1,000  6  —  1,006  
SBA19,586  59  (155) 19,490  
Asset backed securities10,352  —  (581) 9,771  
Corporate bonds4,486  47  (19) 4,514  
Total available-for-sale$207,982  $10,204  $(1,014) $217,172  
December 31, 2019    
State and political subdivision89,304  4,463  (20) 93,747  
Mortgage-backed securities: residential10,609  82  (126) 10,565  
Mortgage-backed securities: commercial8,567  224  (12) 8,779  
Collateralized mortgage obligations: residential              8,541  39  (51) 8,529  
Collateralized mortgage obligations: commercial              22,891  300  (10) 23,181  
U.S. Treasury1,976  23  —  1,999  
SBA22,051  87  (154) 21,984  
Asset backed securities10,390  —  (306) 10,084  
Corporate bonds2,030  20  (13) 2,037  
Total available-for-sale$176,359  $5,238  $(692) $180,905  
Proceeds from Sales of Securities and Associated Gains and Losses
The proceeds from sales of securities and the associated gains and losses for the periods below are as follows:
For the three months ended June 30,For the six months ended June 30,
(Dollars in thousands)2020201920202019
Proceeds$10,008  $29,465  $37,589  $35,465  
Gross gains899  277  1,437  341  
Gross losses—  (270) (9) (341) 
Securities by Contractual Maturity
The amortized cost and fair value of securities are shown in the table below by contractual maturity. Actual timing may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
 June 30, 2020
(Dollars in thousands)Amortized
Cost		Fair
Value
Within one year$8,264  $8,327  
One to five years32,114  33,131  
Five to ten years51,546  54,159  
Beyond ten years116,058  121,555  
Total$207,982  $217,172  
Securities with Unrealized Losses
The following table summarizes securities with unrealized losses at June 30, 2020 and December 31, 2019 aggregated by security type and length of time in a continuous unrealized loss position:
 Less than 12 Months12 Months or LongerTotal
(Dollars in thousands)Fair
value		Unrealized
Losses		Fair
value		Unrealized
Losses		Fair
value		Unrealized
Losses
June 30, 2020      
Available-for-sale      
State and political subdivision$5,209  $(234) $—  $—  $5,209  $(234) 
Mortgage-backed securities: residential9  (1) —  —  9  (1) 
Collateralized mortgage obligations: residential—  —  2,373  (17) 2,373  (17) 
Collateralized mortgage obligations: commercial2,781  (7) —  —  2,781  (7) 
SBA3,132  (8) 11,761  (147) 14,893  (155) 
Asset backed securities—  —  9,770  (581) 9,770  (581) 
Corporate bonds1,497  (19) —  —  1,497  (19) 
Total available-for-sale$12,628  $(269) $23,904  $(745) $36,532  $(1,014) 
December 31, 2019      
Available-for-sale      
State and political subdivision$5,109  $(20) $305  $—  $5,414  $(20) 
Mortgage-backed securities: residential4,022  (39) 3,982  (87) 8,004  (126) 
Mortgage-backed securities: commercial1,769  (11) 430  (1) 2,199  (12) 
Collateralized mortgage obligations: residential770  (1) 4,631  (50) 5,401  (51) 
Collateralized mortgage obligations: commercial—  —  1,716  (10) 1,716  (10) 
SBA3,961  (13) 12,405  (141) 16,366  (154) 
Asset backed securities8,220  (232) 1,864  (74) 10,084  (306) 
Corporate bonds489  (13) —  —  489  (13) 
Total available-for-sale$24,340  $(329) $25,333  $(363) $49,673  $(692)