Equity Securities

6 Months Ended

Jun. 30, 2018

Marketable Securities [Abstract]

Equity Securities

3.       Equity Securities

The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of equity securities held at June 30, 2018.

			Gross		Gross
(DOLLARS IN THOUSANDS)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	$		$		$			$
June 30, 2018
CRA-qualified mutual funds		5,341		—		—			5,341
Bank stocks		368		30		(2	)		396
Total equity securities		5,709		30		(2	)		5,737

As of January 1, 2018, the Corporation adopted ASU 2016-01, resulting in the reclassification of equity securities from available-for-sale.

The following table presents the net gains and losses on the Corporation’s equity investments recognized in earnings during the quarter and year-to-date periods ended June 30, 2018, and the portion of unrealized gains and losses for the periods that relates to equity investments held as of June 30, 2018.

NET GAINS AND LOSSES ON EQUITY INVESTMENTS RECOGNIZED IN EARNINGS

(DOLLARS IN THOUSANDS)  

	Three Months Ended			Six Months Ended
	June 30, 2018			June 30, 2018
	$			$
Net gains (losses)  recognized in equity securities during the period		(14	)		17
Less:  Net gains (losses) realized on the sale of equity securities during the period		30			30
Unrealized gains (losses) recognized in equity securities held at reporting date		16			47