XML 100 R27.htm IDEA: XBRL DOCUMENT v3.20.1
INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-sale
 
December 31, 2019
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
Government and Government Sponsored Entities:
 
 
 
 
 
 
 
 
Residential MBS and CMOs
$
43,623

 
$
(181
)
 
$
54,870

 
$
(300
)
 
$
98,493

 
$
(481
)
Commercial MBS and CMOs
95,950

 
(339
)
 
57,219

 
(486
)
 
153,169

 
(825
)
Agency bonds
29,471

 
(86
)
 
87,405

 
(237
)
 
116,876

 
(323
)
Total available for sale debt securities
$
169,044

 
$
(606
)
 
$
199,494

 
$
(1,023
)
 
$
368,538

 
$
(1,629
)
The following table summarizes the amortized cost and the estimated fair value of available for sale debt securities as of the dates indicated:
(Dollars in thousands)
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
At March 31, 2020:
 
 
 
 
 
 
 
Government and Government Sponsored Entities:
 
 
 
 
 
 
Residential mortgage backed securities ('MBS") and collateralized mortgage obligations ("CMOs")
$
227,132

 
$
1,111

 
$
(1,829
)
 
$
226,414

Commercial MBS and CMOs
355,196

 
5,993

 
(2,246
)
 
358,943

Agency bonds
56,058

 
97

 
(38
)
 
56,117

Total available for sale debt securities
$
638,386

 
$
7,201

 
$
(4,113
)
 
$
641,474

At December 31, 2019:
 
 
 
 
 
 
 
Government and Government Sponsored Entities:
 
 
 
 
 
 
Residential MBS and CMOs
$
145,333

 
$
340

 
$
(481
)
 
$
145,192

Commercial MBS and CMOs
353,727

 
3,267

 
(825
)
 
356,169

Agency bonds
123,977

 
59

 
(323
)
 
123,713

Total available for sale debt securities
$
623,037

 
$
3,666

 
$
(1,629
)
 
$
625,074

The following tables summarize the gross unrealized losses and fair value of available for sale debt securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
 
March 31, 2020
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
Government and Government Sponsored Entities:
 
 
 
 
 
 
 
 
Residential MBS and CMOs
$
83,448

 
$
(1,038
)
 
$
40,964

 
$
(791
)
 
$
124,412

 
$
(1,829
)
Commercial MBS and CMOs
91,732

 
(1,199
)
 
59,746

 
(1,047
)
 
151,478

 
(2,246
)
Agency bonds
19,243

 
(38
)
 
—

 
—

 
19,243

 
(38
)
Total available for sale debt securities
$
194,423

 
$
(2,275
)
 
$
100,710

 
$
(1,838
)
 
$
295,133

 
$
(4,113
)
Schedule of Held-to-maturity Securities
The following table summarizes the amortized cost and estimated fair value of held to maturity investment securities as of the dates indicated:
(Dollars in thousands)
Amortized Cost
 
Gross Unrecognized Gains
 
Gross Unrecognized Losses
 
Estimated Fair Value
As of March 31, 2020:
 
 
 
 
 
 
 
Government Sponsored Entities:
 
 
 
 
 
 
 
Residential MBS
$
9,651

 
$
400

 
$
—

 
$
10,051

Other investments
81

 
—

 
—

 
81

Total held to maturity investment securities
$
9,732

 
$
400

 
$
—

 
$
10,132

As of December 31, 2019:
 
 
 
 
 
 
 
Government Sponsored Entities:
 
 
 
 
 
 
 
Residential MBS
$
10,087

 
$
205

 
$
(26
)
 
$
10,266

Other investments
83

 
—

 
—

 
83

Total held to maturity investment securities
$
10,170

 
$
205

 
$
(26
)
 
$
10,349

The following table summarizes the gross unrecognized losses and fair value of held to maturity investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrecognized loss position:
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair Value
 
Unrecognized Losses
 
Fair Value
 
Unrecognized Losses
 
Fair Value
 
Unrecognized Losses
As of December 31, 2019:
 
 
 
 
 
 
 
 
Government Sponsored Entities:
 
 
 
 
 
 
 
 
Residential MBS
$
—

 
$
—

 
$
2,253

 
$
(26
)
 
$
2,253

 
$
(26
)
Schedule of Debt Maturities of Available-for-sale and Held-to-maturity Securities
The following table summarizes the scheduled maturities of available for sale and held to maturity investment securities as of March 31, 2020:
 
March 31, 2020
(Dollars in thousands)
Amortized Cost
 
Fair Value
Available for sale debt securities
 
 
 
Less than one year
$
10,000

 
$
10,018

One to five years
30,000

 
29,987

Five to ten years
3,777

 
3,781

Beyond ten years
12,281

 
12,331

MBS and CMOs
582,328

 
585,357

Total available for sale debt securities
$
638,386

 
$
641,474

Held to maturity investments securities
 
 
 
Beyond ten years
$
81

 
$
81

MBS
9,651

 
10,051

Total held to maturity debt securities
$
9,732

 
$
10,132