XML 40 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Investment Securities (Tables)
6 Months Ended
Jun. 30, 2020
Schedule of Held-to-maturity Securities [Line Items]  
Analysis of Amortized Cost and Estimated Fair Value of Securities Available for Sale
Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:
 June 30, 2020December 31, 2019
 Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential$7,199  $730  $—  $7,929  $7,745  $596  $—  $8,341  
Mortgage-Backed Securities – Commercial225,662  9,932  —  235,594  186,316  2,983  (166) 189,133  
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential605,469  18,704  (18) 624,155  660,777  4,113  (2,943) 661,947  
Other Government-Sponsored Enterprises1,000   —  1,001  1,000  —  —  1,000  
Obligations of States and Political Subdivisions8,785  199  —  8,984  17,738  171  —  17,909  
Corporate Securities22,930  1,547  —  24,477  22,919  1,043  —  23,962  
Total Securities Available for Sale$871,045  $31,113  $(18) $902,140  $896,495  $8,906  $(3,109) $902,292  
Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale
The amortized cost and estimated fair value of debt securities available for sale at June 30, 2020, by contractual maturity, are shown below.
Amortized
Cost
Estimated
Fair Value
 (dollars in thousands)
Due within 1 year$4,998  $5,070  
Due after 1 but within 5 years23,978  25,071  
Due after 5 but within 10 years3,739  4,321  
Due after 10 years—  —  
32,715  34,462  
Mortgage-Backed Securities (a)838,330  867,678  
Total Debt Securities$871,045  $902,140  
 
(a)Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds. Mortgage-Backed Securities include an amortized cost of $232.9 million and a fair value of $243.5 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $605.4 million and a fair value of $624.2 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac
Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale
Proceeds from sales, gross gains (losses) realized on sales, maturities and other-than-temporary impairment charges related to securities available for sale were as follows for the six months ended June 30:
20202019
 (dollars in thousands)
Proceeds from sales$—  $—  
Gross gains (losses) realized:
Sales transactions:
Gross gains$—  $—  
Gross losses—  —  
—  —  
Maturities
Gross gains27   
Gross losses—  —  
27   
Net gains and impairment$27  $