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Securities (Tables)
 3 Months Ended
Mar. 31, 2016
SECURITIES  
Schedule of amortized cost and fair value of securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U.S. Treasury and other U.S. government agencies or sponsored enterprises

    

$
85,008

 

$
49

 

$
(1)

 

$
85,056

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

 
122,999

 

 
1,629

 

 
(15)

 

 
124,613

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
49,226

 

 
42

 

 
(161)

 

 
49,107

Corporate debt securities

 

 
3,790

 

 
4

 

 

 -

 

 
3,794

Obligations of municipal subdivisions

 

 
236

 

 
10

 

 

 -

 

 
246

Total

 

$
261,259

 

$
1,734

 

$
(177)

 

$
262,816

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

$
14,350

 

$
314

 

$
(64)

 

$
14,600

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
25,672

 

 
58

 

 
(235)

 

 
25,495

Total

 

$
40,022

 

$
372

 

$
(299)

 

$
40,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U.S. Treasury and other U.S. government agencies or sponsored enterprises

    

$
90,032

    

$
3

    

$
(85)

    

$
89,950

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

 
129,752

 

 
1,137

 

 
(184)

 

 
130,705

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
51,569

 

 
74

 

 
(314)

 

 
51,329

Corporate debt securities

 

 
3,790

 

 
4

 

 
(1)

 

 
3,793

Obligations of municipal subdivisions

 

 
236

 

 
8

 

 

 -

 

 
244

Total

 

$
275,379

 

$
1,226

 

$
(584)

 

$
276,021

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

$
15,002

 

$
320

 

$
(143)

 

$
15,179

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
27,128

 

 
54

 

 
(365)

 

 
26,817

Total

 

$
42,130

 

$
374

 

$
(508)

 

$
41,996

 

Schedule of contractual maturities of securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

Available-for-sale

 

Held-to-maturity

 

 

Amortized Cost

 

Fair Value

 

Amortized Cost

 

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

    

$
72,020

    

$
72,039

    

$

 -

    

$

 -

Due after one year through five years

 

 
16,778

 

 
16,811

 

 

 -

 

 

 -

Due after five years through ten years

 

 
236

 

 
246

 

 

 -

 

 

 -

 

 

 
89,034

 

 
89,096

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities and collateralized mortgage obligations

 

 
172,225

 

 
173,720

 

 
40,022

 

 
40,095

Total

 

$
261,259

 

$
262,816

 

$
40,022

 

$
40,095

 

Schedule of investments in a continuous unrealized loss position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

Less than 12 Months

 

12 Months or More

 

 

Amortized Cost

 

Gross Unrealized Losses

 

Fair Value

 

Amortized Cost

 

Gross Unrealized Losses

 

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U.S. Treasury and other U.S. government agencies or sponsored enterprises

    

$
50,007

  

$
(1)

  

$
50,006

  

$

 -

    

$

 -

    

$

 -

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

 
4,689

 

 
(15)

 

 
4,674

 

 

 -

 

 

 -

 

 

 -

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
38,673

 

 
(161)

 

 
38,512

 

 

 -

 

 

 -

 

 

 -

Corporate debt securities

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

Total

 

$
93,369

 

$
(177)

 

$
93,192

 

$

 -

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

$

 -

 

$

 -

 

$

 -

 

$
3,744

 

$
(64)

 

$
3,680

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
9,688

 

 
(32)

 

 
9,656

 

 
8,843

 

 
(203)

 

 
8,640

Total

 

$
9,688

 

$
(32)

 

$
9,656

 

$
12,587

 

$
(267)

 

$
12,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Less than 12 Months

 

12 Months or More

 

 

Amortized Cost

 

Gross Unrealized Losses

 

Fair Value

 

Amortized Cost

 

Gross Unrealized Losses

 

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

            

 

 

 

 

 

            

Obligations of the U.S. Treasury and other U.S. government agencies or sponsored enterprises

    

$
85,028

    

$
(85)

    

$
84,943

    

$

 -

    

$

 -

    

$

 -

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

 
48,830

 

 
(184)

 

 
48,646

 

 

 -

 

 

 -

 

 

 -

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
33,299

 

 
(314)

 

 
32,985

 

 

 -

 

 

 -

 

 

 -

Corporate debt securities

 

 
2,009

 

 
(1)

 

 
2,008

 

 

 -

 

 

 -

 

 

 -

Total

 

$
169,166

 

$
(584)

 

$
168,582

 

$

 -

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities issued by U.S. government agencies or sponsored enterprises

 

$
3,220

 

$
(48)

 

$
3,172

 

$
2,571

 

$
(95)

 

$
2,476

Collateralized mortgage obligations issued by U.S. government agencies or sponsored enterprises

 

 
9,945

 

 
(73)

 

 
9,872

 

 
12,871

 

 
(292)

 

 
12,579

Total

 

$
13,165

 

$
(121)

 

$
13,044

 

$
15,442

 

$
(387)

 

$
15,055