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INVESTMENT SECURITIES HELD TO MATURITY (Tables)
6 Months Ended
Jun. 30, 2017
Schedule of Held-to-maturity Securities [Line Items]  
Schedule of investment securities classified as held to maturity

Investment securities classified as held to maturity as of June 30, 2017 and December 31, 2016 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

 

 

 

cost

 

gains

 

losses

 

value

 

State and municipal securities

    

$

75,371

    

$

4,369

    

$

128

    

$

79,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

 

 

 

cost

 

gains

 

losses

 

value

 

State and municipal securities

    

$

78,672

    

$

3,517

    

$

237

    

$

81,952

 

 

Held to maturity  
Schedule of Held-to-maturity Securities [Line Items]  
Schedule of unrealized losses and fair values for investment securities

 

Unrealized losses and fair value for investment securities held to maturity as of June 30, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

 

 

Less than 12 Months

 

12 Months or more

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

value

 

loss

 

value

 

loss

 

value

 

loss

 

State and municipal securities

    

$

4,132

 

$

64

    

$

2,767

    

$

64

    

$

6,899

    

$

128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Less than 12 Months

 

12 Months or more

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

value

 

loss

 

value

 

loss

 

value

 

loss

 

State and municipal securities

    

$

13,991

    

$

140

    

$

2,699

    

$

97

    

$

16,690

    

$

237

 

 

Contractual maturity of amortized cost and fair value

The amortized cost and fair value of investment securities held to maturity as of June 30, 2017, by contractual maturity, are as follows (in thousands):

 

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

 

 

 

cost

 

value

 

Within one year

 

$

769

 

$

773

 

After one year through five years

 

 

20,348

 

 

21,033

 

After five years through ten years

 

 

35,575

 

 

38,457

 

After ten years

 

 

18,679

 

 

19,349

 

Total

 

$

75,371

 

$

79,612