Investment Securities (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

The following table is the schedule of Available-For-Sale Securities at June 30, 2018, December 31, 2017 and June 30, 2017:



Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Mutual Funds and Equity Securities		Total Available- For-Sale Securities
June 30, 2018
Available-For-Sale Securities, at Amortized Cost	$	60,199	$	3,377	$	267,113	$	1,000	$	—	$	331,689
Available-For-Sale Securities, at Fair Value	59,615		3,383		261,589		800		—		325,387
Gross Unrealized Gains	—		6		332		—		—		338
Gross Unrealized Losses	584		—		5,856		200		—		6,640
Available-For-Sale Securities, Pledged as Collateral											282,481

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	42,683	$	2,124	$	1,447	$	—			$	46,254
From 1 - 5 Years	17,516		773		135,939		—				154,228
From 5 - 10 Years	—		—		79,608		—				79,608
Over 10 Years	—		480		50,119		1,000				51,599

Maturities of Debt Securities, at Fair Value:
Within One Year	$	42,396	$	2,125	$	1,458	$	—			$	45,979
From 1 - 5 Years	17,219		778		131,431		—				149,428
From 5 - 10 Years	—		—		78,552		—				78,552
Over 10 Years	—		480		50,148		800				51,428

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	17,218	$	1,797	$	144,265	$	—	$	—	$	163,280
12 Months or Longer	42,397		—		72,209		800		—		115,406
Total	$	59,615	$	1,797	$	216,474	$	800	$	—	$	278,686
Number of Securities in a Continuous Loss Position	14		6		79		1		—		100

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	297	$	—	$	2,409	$	—	$	—	$	2,706
12 Months or Longer	287		—		3,447		200		—		3,934
Total	$	584	$	—	$	5,856	$	200	$	—	$	6,640

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	—
US Treasury Obligations, at Fair Value	—
US Agency Obligations, at Amortized Cost	60,199
US Agency Obligations, at Fair Value	59,615



Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Mutual Funds and Equity Securities		Total Available- For-Sale Securities
US Government Agency Securities, at Amortized Cost					$	68,030
US Government Agency Securities, at Fair Value					68,083
Government Sponsored Entity Securities, at Amortized Cost					199,083
Government Sponsored Entity Securities, at Fair Value					193,506

December 31, 2017
Available-For-Sale Securities, at Amortized Cost	$	60,328	$	10,351	$	229,077	$	1,000	$	1,120	$	301,876
Available-For-Sale Securities, at Fair Value	59,894		10,349		227,596		800		1,561		300,200
Gross Unrealized Gains	—		9		485		—		441		935
Gross Unrealized Losses	434		11		1,966		200		—		2,611
Available-For-Sale Securities, Pledged as Collateral, at Fair Value											183,052

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	20,348	$	8,498	$	70,930	$	—	$	—	$	99,776
12 Months or Longer	39,546		—		80,759		800		—		121,105
Total	$	59,894	$	8,498	$	151,689	$	800	$	—	$	220,881
Number of Securities in a Continuous Loss Position	14		36		55		1		—		106

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	172	$	11	$	363	$	—	$	—	$	546
12 Months or Longer	262		—		1,603		200		—		2,065
Total	$	434	$	11	$	1,966	$	200	$	—	$	2,611

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	—
US Treasury Obligations, at Fair Value	—
US Agency Obligations, at Amortized Cost	60,328
US Agency Obligations, at Fair Value	59,894
US Government Agency Securities, at Amortized Cost					$	40,832
US Government Agency Securities, at Fair Value					40,832
Government Sponsored Entity Securities, at Amortized Cost					188,245
Government Sponsored Entity Securities, at Fair Value					186,764



Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Mutual Funds and Equity Securities		Total Available- For-Sale Securities
June 30, 2017
Available-For-Sale Securities, at Amortized Cost	$	146,914	$	15,410	$	161,324	$	2,500	$	1,120	$	327,268
Available-For-Sale Securities, at Fair Value	147,085		15,441		161,077		2,299		1,490		327,392
Gross Unrealized Gains	252		31		964		—		370		1,617
Gross Unrealized Losses	81		—		1,211		201		—		1,493
Available-For-Sale Securities, Pledged as Collateral											267,912

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	49,176	$	543	$	97,870	$	1,499	$	—	$	149,088
12 Months or Longer	—		—		—		800		—		800
Total	$	49,176	$	543	$	97,870	$	2,299	$	—	$	149,888
Number of Securities in a Continuous Loss Position	13		2		34		3		—		52

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	81	$	—	$	1,211	$	1	$	—	$	1,293
12 Months or Longer	—		—		—		200		—		200
Total	$	81	$	—	$	1,211	$	201	$	—	$	1,493

Disaggregated Details:
US Treasury Obligations, at Amortized Cost	$	54,597
US Treasury Obligations, at Fair Value	$	54,676
US Agency Obligations, at Amortized Cost	$	92,317
US Agency Obligations, at Fair Value	92,409
US Government Agency Securities, at Amortized Cost					$	3,740
US Government Agency Securities, at Fair Value					3,756
Government Sponsored Entity Securities, at Amortized Cost					157,584
Government Sponsored Entity Securities, at Fair Value					157,321

Held-To-Maturity Securities

The following table is the schedule of Held-To-Maturity Securities at June 30, 2018, December 31, 2017 and June 30, 2017:



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Held-To Maturity Securities
June 30, 2018
Held-To-Maturity Securities, at Amortized Cost	$	244,016	$	53,869	$	—	$	297,885
Held-To-Maturity Securities, at Fair Value	239,841		52,764		—		292,605
Gross Unrealized Gains	497		—		—		497
Gross Unrealized Losses	4,672		1,105		—		5,777
Held-To-Maturity Securities, Pledged as Collateral							278,627

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	26,037	$	—	$	—	$	26,037
From 1 - 5 Years	91,235		46,134		—		137,369
From 5 - 10 Years	124,073		7,735		—		131,808
Over 10 Years	2,671		—		—		2,671

Maturities of Debt Securities, at Fair Value:
Within One Year	$	26,092	$	—	$	—	$	26,092
From 1 - 5 Years	90,877		45,207		—		136,084
From 5 - 10 Years	120,206		7,556		—		127,762
Over 10 Years	2,667		—		—		2,667

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	68,612	$	49,977	$	—	$	118,589
12 Months or Longer	90,948		2,787		—		93,735
Total	$	159,560	$	52,764	$	—	$	212,324

Number of Securities in a Continuous Loss Position	465		47		—		512

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	633	$	1,021	$	—	$	1,654
12 Months or Longer	4,039		84		—		4,123
Total	$	4,672	$	1,105	$	—	$	5,777

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	3,265
US Government Agency Securities, at Fair Value			2,346
Government Sponsored Entity Securities, at Amortized Cost			50,604
Government Sponsored Entity Securities, at Fair Value			50,418



Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Held-To Maturity Securities
December 31, 2017
Held-To-Maturity Securities, at Amortized Cost	$	275,530	$	60,377	$	—	$	335,907
Held-To-Maturity Securities, at Fair Value	275,353		60,548		—		335,901
Gross Unrealized Gains	1,691		269		—		1,960
Gross Unrealized Losses	1,868		98		—		1,966
Held-To-Maturity Securities, Pledged as Collateral							318,622

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	55,648	$	13,764	$	—	$	69,412
12 Months or Longer	65,152		3,257		—		68,409
Total	$	120,800	$	17,021	$	—	$	137,821
Number of Securities in a Continuous Loss Position	352		14		—		366

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	442	$	56	$	—	$	498
12 Months or Longer	1,425		43		—		1,468
Total	$	1,867	$	99	$	—	$	1,966

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	2,680
US Government Agency Securities, at Fair Value			2,661
Government Sponsored Entity Securities, at Amortized Cost			57,697
Government Sponsored Entity Securities, at Fair Value			57,887

June 30, 2017
Held-To-Maturity Securities, at Amortized Cost	$	280,485	$	67,533	$	—	$	348,018
Held-To-Maturity Securities, at Fair Value	282,157		68,198		—		350,355
Gross Unrealized Gains	3,208		677		—		3,885
Gross Unrealized Losses	1,536		12		—		1,548
Held-To-Maturity Securities, Pledged as Collateral							327,820

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	93,046	$	4,338	$	—	$	97,384
12 Months or Longer	403		—		—		403
Total	$	93,449	$	4,338	$	—	$	97,787
Number of Securities in a Continuous Loss Position	263		9		—		272

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1,534	$	12	$	—	$	1,546
12 Months or Longer	2		—		—		2
Total	$	1,536	$	12	$	—	$	1,548

Held-To-Maturity Securities

State and

Municipal

Obligations

Mortgage-

Backed

Securities

Corporate

and Other

Debt

Securities

Total

Held-To

Maturity

Securities

June 30, 2017

Disaggregated Details:

US Government Agency

Securities, at Amortized Cost

3,106

US Government Agency

Securities, at Fair Value

3,121

Government Sponsored Entity

Securities, at Amortized Cost

64,427

Government Sponsored Entity
Securities, at Fair Value

65,077

Debt Securities, Trading, and Equity Securities, FV-NI

The following table is the schedule of Equity Securities at June 30, 2018. Upon the adoption of ASU 2016-01 effective January 1, 2018, Equity Securities are not included in Securities Available-For-Sale since unrealized gains and losses are now recorded in the Consolidated Statements of Income. Prior to January 1, 2018, Equity Securities were included in Securities Available-For-Sale.



Equity Securities

June 30, 2018
Equity Securities, at Fair Value	$	1,802

Unrealized Gain (Loss) on Investments

The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the three- and six-month periods ended June 30, 2018:



	Three months ended June 30, 2018		Six months ended June 30, 2018
Net Gain on Equity Securities	$	223	$	241
Less: Net gain (loss) recognized during the reporting period on equity securities sold during the period	—		—
Unrealized net gain recognized during the reporting period on equity securities still held at the reporting date	$	223	$	241

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

+ References + Details