XML 45 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2018
Investment Securities [Abstract]  
Amortized Cost and Estimated Fair Values of Investment Securities



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

December 31, 2018



Amortized

 

Unrealized

 

Unrealized

 

Estimated

(Dollars in thousands)

Cost

 

Gains

 

Losses

 

Fair Value

Held To Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 8,749 

 

 

$

 41 

 

 

$

 -

 

 

$

 8,790 

 

Government Sponsored Entities (GSE) mortgage-backed securities

 

 389 

 

 

 

 -

 

 

 

 -

 

 

 

 389 

 

Corporate bonds

 

 13,851 

 

 

 

 124 

 

 

 

 (47)

 

 

 

 13,928 

 

Collateralized mortgage obligations GSE

 

 1,159 

 

 

 

 -

 

 

 

 (27)

 

 

 

 1,132 

 

State and municipal taxable

 

 362 

 

 

 

 -

 

 

 

 (3)

 

 

 

 359 

 

State and municipal tax-exempt

 

 37,516 

 

 

 

 19 

 

 

 

 (998)

 

 

 

 36,537 

 

Total

$

 62,026 

 

 

$

 184 

 

 

$

 (1,075)

 

 

$

 61,135 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 48,082 

 

 

$

 -

 

 

$

 (359)

 

 

$

 47,723 

 

GSE mortgage-backed securities

 

 27,563 

 

 

 

 -

 

 

 

 (1,005)

 

 

 

 26,558 

 

Collateralized mortgage obligations GSE

 

 10,249 

 

 

 

 -

 

 

 

 (441)

 

 

 

 9,808 

 

Corporate bonds

 

 10,890 

 

 

 

 -

 

 

 

 (186)

 

 

 

 10,704 

 

State and municipal tax-exempt

 

 1,981 

 

 

 

 -

 

 

 

 (131)

 

 

 

 1,850 

 

Total

$

 98,765 

 

 

$

 -

 

 

$

 (2,122)

 

 

$

 96,643 

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

December 31, 2017



Amortized

 

Unrealized

 

Unrealized

 

Estimated

(Dollars in thousands)

Cost

 

Gains

 

Losses

 

Fair Value

Held To Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 8,483 

 

 

$

 163 

 

 

$

 -

 

 

$

 8,646 

 

Government Sponsored Entities (GSE) mortgage-backed securities

 

 496 

 

 

 

 9 

 

 

 

 -

 

 

 

 505 

 

Corporate bonds

 

 14,047 

 

 

 

 243 

 

 

 

 (2)

 

 

 

 14,288 

 

Collateralized mortgage obligations GSE

 

 1,471 

 

 

 

 -

 

 

 

 (29)

 

 

 

 1,442 

 

State and municipal taxable

 

 363 

 

 

 

 -

 

 

 

 (8)

 

 

 

 355 

 

State and municipal tax-exempt

 

 37,530 

 

 

 

 59 

 

 

 

 (405)

 

 

 

 37,184 

 

Total

$

 62,390 

 

 

$

 474 

 

 

$

 (444)

 

 

$

 62,420 

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 53,279 

 

 

$

 -

 

 

$

 (386)

 

 

$

 52,893 

 

GSE mortgage-backed securities

 

 33,203 

 

 

 

 -

 

 

 

 (715)

 

 

 

 32,488 

 

Collateralized mortgage obligations GSE

 

 12,101 

 

 

 

 -

 

 

 

 (447)

 

 

 

 11,654 

 

Corporate bonds

 

 12,981 

 

 

 

 12 

 

 

 

 (173)

 

 

 

 12,820 

 

State and municipal tax-exempt

 

 1,991 

 

 

 

 -

 

 

 

 (63)

 

 

 

 1,928 

 

Total

$

 113,555 

 

 

$

 12 

 

 

$

 (1,784)

 

 

$

 111,783 

 



Aggregate Unrealized Losses and Aggregate Fair Value of Underlying Securities



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2018



 

 

 

 

Fair value

 

Unrealized

 

Fair value

 

Unrealized



 

 

Total

 

Impaired

 

Loss

 

Impaired

 

Loss



Total

 

Unrealized

 

Less Than

 

Less Than

 

More Than

 

More Than

(Dollars in thousands)

Fair Value

 

Loss

 

12 Months

 

12 Months

 

12 Months

 

12 Months

Held To Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

$

 4,157 

 

 

$

 (47)

 

 

$

 1,887 

 

 

$

 (15)

 

 

$

 2,270 

 

 

$

 (32)

 

Collateralized mortgage obligations GSE

 

 1,132 

 

 

 

 (27)

 

 

 

 -

 

 

 

 -

 

 

 

 1,132 

 

 

 

 (27)

 

State and municipal taxable

 

 359 

 

 

 

 (3)

 

 

 

 -

 

 

 

 -

 

 

 

 359 

 

 

 

 (3)

 

State and municipal tax-exempt

 

 26,466 

 

 

 

 (998)

 

 

 

 2,045 

 

 

 

 (31)

 

 

 

 24,421 

 

 

 

 (967)

 

Total

$

 32,114 

 

 

$

 (1,075)

 

 

$

 3,932 

 

 

$

 (46)

 

 

$

 28,182 

 

 

$

 (1,029)

 

Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 37,723 

 

 

$

 (359)

 

 

$

 -

 

 

$

 -

 

 

$

 37,723 

 

 

$

 (359)

 

GSE mortgage-backed securities

 

 26,558 

 

 

 

 (1,005)

 

 

 

 -

 

 

 

 -

 

 

 

 26,558 

 

 

 

 (1,005)

 

Collateralized mortgage obligations GSE

 

 9,808 

 

 

 

 (441)

 

 

 

 -

 

 

 

 -

 

 

 

 9,808 

 

 

 

 (441)

 

Corporate bonds

 

 10,704 

 

 

 

 (186)

 

 

 

 2,035 

 

 

 

 (7)

 

 

 

 8,669 

 

 

 

 (179)

 

State and municipal tax-exempt

 

 1,850 

 

 

 

 (131)

 

 

 

 -

 

 

 

 -

 

 

 

 1,850 

 

 

 

 (131)

 

Total

$

 86,643 

 

 

$

 (2,122)

 

 

$

 2,035 

 

 

$

 (7)

 

 

$

 84,608 

 

 

$

 (2,115)

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2017



 

 

 

 

Fair value

 

Unrealized

 

Fair value

 

Unrealized



 

 

Total

 

Impaired

 

Loss

 

Impaired

 

Loss



Total

 

Unrealized

 

Less Than

 

Less Than

 

More Than

 

More Than

(Dollars in thousands)

Fair Value

 

Loss

 

12 Months

 

12 Months

 

12 Months

 

12 Months

Held To Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

$

 498 

 

 

$

 (2)

 

 

$

 498 

 

 

$

 (2)

 

 

$

 -

 

 

$

 -

 

Collateralized mortgage obligations GSE

 

 1,442 

 

 

 

 (29)

 

 

 

 620 

 

 

 

 (5)

 

 

 

 822 

 

 

 

 (24)

 

State and municipal taxable

 

 355 

 

 

 

 (8)

 

 

 

 355 

 

 

 

 (8)

 

 

 

 -

 

 

 

 -

 

State and municipal tax-exempt

 

 20,240 

 

 

 

 (405)

 

 

 

 6,775 

 

 

 

 (67)

 

 

 

 13,465 

 

 

 

 (338)

 

Total

$

 22,535 

 

 

$

 (444)

 

 

$

 8,248 

 

 

$

 (82)

 

 

$

 14,287 

 

 

$

 (362)

 

Available For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Government agency obligations

$

 52,893 

 

 

$

 (386)

 

 

$

 30,894 

 

 

$

 (185)

 

 

$

 21,999 

 

 

$

 (201)

 

GSE mortgage-backed securities

 

 32,488 

 

 

 

 (715)

 

 

 

 9,055 

 

 

 

 (133)

 

 

 

 23,433 

 

 

 

 (582)

 

Collateralized mortgage obligations GSE

 

 11,654 

 

 

 

 (447)

 

 

 

 2,132 

 

 

 

 (56)

 

 

 

 9,522 

 

 

 

 (391)

 

Corporate bonds

 

 10,759 

 

 

 

 (173)

 

 

 

 4,572 

 

 

 

 (43)

 

 

 

 6,187 

 

 

 

 (130)

 

State and municipal tax-exempt

 

 1,928 

 

 

 

 (63)

 

 

 

 288 

 

 

 

 (2)

 

 

 

 1,640 

 

 

 

 (61)

 

Total

$

 109,722 

 

 

$

 (1,784)

 

 

$

 46,941 

 

 

$

 (419)

 

 

$

 62,781 

 

 

$

 (1,365)

 



Investments Classified by Contractual Maturity Date



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

Held to Maturity

 

 

 

Available for Sale



Amortized

Estimated

 

Amortized

Estimated

(Dollars in thousands)

Cost

Fair Value

 

Cost

Fair Value

Due in one year or less

$

 11,599 

 

$

 11,640 

 

 

$

 22,755 

 

$

 22,674 

 

Due after one year through five years

 

 11,715 

 

 

 11,714 

 

 

 

 33,134 

 

 

 32,791 

 

Due after five years through ten years

 

 29,359 

 

 

 28,992 

 

 

 

 18,990 

 

 

 18,380 

 

Due after ten years

 

 9,353 

 

 

 8,789 

 

 

 

 23,886 

 

 

 22,798 

 

Total investment securities

$

 62,026 

 

$

 61,135 

 

 

$

 98,765 

 

$

 96,643 

 



Principal Value of Investments Securities Sold



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Year Ended



December 31

(Dollars in thousands)

2018

 

2017

Available for sale securities sold

$

 -

 

 

$

 3,030 

 

Held to maturity securities sold

 

 -

 

 

 

 737 

 

Total sold securities

$

 -

 

 

$

 3,767 

 



Gains and Losses Resulting from Investment Sales, Redemptions or Calls



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Year Ended



December 31

(Dollars in thousands)

2018

 

2017

Gross realized gains-AFS

$

 -

 

 

$

 10 

 

Gross realized gains-HTM

 

 -

 

 

 

 41 

 

Gross realized losses-AFS

 

 -

 

 

 

 (1)

 

Net realized gain

$

 -

 

 

$

 50