XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale and held-to-maturity securities [Table Text Block]
Investment securities as of the balance sheet dates consisted of the following:
September 30, 2017
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
 
(Dollars in thousands)
Available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
9,535

$
18

$
(143
)
$
9,410

Agency mortgage-backed
18,820

47

(126
)
18,741

State and political subdivisions
25,304

259

(249
)
25,314

Corporate
9,927

150

(72
)
10,005

Total debt securities
63,586

474

(590
)
63,470

Mutual funds
500

—

—

500

Total
$
64,086

$
474

$
(590
)
$
63,970

Held-to-maturity
 
 
 
 
U.S. Government-sponsored enterprises
$
1,000

$
—

$
(1
)
$
999


December 31, 2016
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
 
(Dollars in thousands)
Available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
10,221

$
15

$
(196
)
$
10,040

Agency mortgage-backed
18,283

27

(269
)
18,041

State and political subdivisions
27,909

113

(650
)
27,372

Corporate
9,745

84

(129
)
9,700

Total debt securities
66,158

239

(1,244
)
65,153

Mutual funds
403

—

—

403

Total
$
66,561

$
239

$
(1,244
)
$
65,556

Held-to-maturity
 
 
 
 
U.S. Government-sponsored enterprises
$
999

$
—

$
—

$
999
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and estimated fair value of debt securities by contractual scheduled maturity as of September 30, 2017 were as follows:
 
Amortized
Cost
Fair
Value
 
(Dollars in thousands)
Available-for-sale
 
 
Due in one year or less
$
250

$
251

Due from one to five years
5,470

5,561

Due from five to ten years
22,143

22,178

Due after ten years
16,903

16,739

 
44,766

44,729

Agency mortgage-backed
18,820

18,741

Total debt securities available-for-sale
$
63,586

$
63,470

Held-to-maturity
 
 
Due in one year or less
$
1,000

$
999

Total debt securities held-to-maturity
$
1,000

$
999
Schedule of Unrealized Loss on Investments [Table Text Block]
Information pertaining to all investment securities with gross unrealized losses as of the balance sheet dates, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:
September 30, 2017
Less Than 12 Months
12 Months and over
Total
 
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
 
 
(Dollars in thousands)
Debt securities:
 
 
 
 
 
 
 
 
 
U.S. Government-
  sponsored enterprises
8

$
4,855

$
(47
)
8

$
3,801

$
(97
)
16

$
8,656

$
(144
)
Agency mortgage-backed
11

6,448

(43
)
6

4,332

(83
)
17

10,780

(126
)
State and political
  subdivisions
15

6,541

(44
)
15

6,312

(205
)
30

12,853

(249
)
Corporate
1

478

(22
)
4

1,948

(50
)
5

2,426

(72
)
Total
35

$
18,322

$
(156
)
33

$
16,393

$
(435
)
68

$
34,715

$
(591
)
December 31, 2016
Less Than 12 Months
12 Months and over
Total
 
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
 
 
(Dollars in thousands)
Debt securities:
 
 
 
 
 
 
 
 
 
U.S. Government-
  sponsored enterprises
13

$
8,351

$
(180
)
3

$
1,172

$
(16
)
16

$
9,523

$
(196
)
Agency mortgage-backed
22

15,141

(261
)
1

344

(8
)
23

15,485

(269
)
State and political
  subdivisions
40

16,481

(650
)
—

—

—

40

16,481

(650
)
Corporate
8

3,973

(56
)
4

1,627

(73
)
12

5,600

(129
)
Total
83

$
43,946

$
(1,147
)
8

$
3,143

$
(97
)
91

$
47,089

$
(1,244
)
Realized Gain (Loss) on Investments [Table Text Block]
The following table presents the proceeds, gross realized gains and gross realized losses from the sale of AFS securities:
 
For the Three Months
Ended September 30,
For The Nine Months
Ended September 30,
 
2017
2016
2017
2016
 
(Dollars in thousands)
Proceeds
$
2,517

$
3,944

$
3,962

$
6,617

 
 
 
 
 
Gross gains
24

112

56

131

Gross losses
—

(59
)
(23
)
(60
)
Net gains on sales of investment securities AFS
$
24

$
53

$
33

$
71