XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Securities (Tables)
 9 Months Ended
Sep. 30, 2019
Securities [Abstract]  
Amortized Cost and Fair Value, with Gross Unrealized Gains and Losses of Securities Available-for-Sale
Amortized costs and fair values, with gross unrealized gains and losses, of securities available-for-sale as of the dates indicated are as follows:

  
September 30, 2019
 
(Dollars in thousands)
 
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
(Losses)
  
Fair
Value
 
U.S. Treasury securities
 
$
9,905
  
$
82
  
$
-
  
$
9,987
 
Obligations of U.S. Government agencies
  
28,401
   
14
   
(138
)
  
28,277
 
Obligations of state and policitcal subdivisions
  
24,519
   
557
   
(69
)
  
25,007
 
Mortgage-backed securities
  
75,455
   
686
   
(376
)
  
75,765
 
Money market investments
  
3,821
   
-
   
-
   
3,821
 
Corporate bonds and other securities
  
3,542
   
90
   
(3
)
  
3,629
 
  
$
145,643
  
$
1,429
  
$
(586
)
 
$
146,486
 

  
December 31, 2018
 
(Dollars in thousands)
 
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
(Losses)
  
Value
 
U.S. Treasury securities
 
$
12,323
  
$
6
  
$
(1
)
 
$
12,328
 
Obligations of U.S. Government agencies
  
10,868
   
2
   
(156
)
  
10,714
 
Obligations of state and policitcal subdivisions
  
49,194
   
155
   
(512
)
  
48,837
 
Mortbage-backed securities
  
73,444
   
93
   
(2,346
)
  
71,191
 
Money market investments
  
1,897
   
-
   
-
   
1,897
 
Corporate bonds and other securities
  
3,250
   
42
   
(12
)
  
3,280
 
  
$
150,976
  
$
298
  
$
(3,027
)
 
$
148,247
 
Net Realized Gains and (Losses) on Sale of Investments
The following table summarizes net realized gains and losses on the sale of investment securities during the periods indicated:

  
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
 
(Dollars in thousands)
 
2019
  
2018
  
2019
  
2018
 
Securities Available-for-sale
            
Realized gains on sales of securities
 
$
479
  
$
-
  
$
515
  
$
131
 
Realized losses on sales of securities
  
(193
)
  
-
   
(203
)
  
(11
)
Net realized gain
 
$
286
  
$
-
  
$
312
  
$
120
 
Available-for-Sale Securities, Continuous Unrealized Loss Position
The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired as of September 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated:

  
September 30, 2019
 
  
Less than 12 months
  
12 months or more
  
Total
 
(Dollars in thousands)
 
Gross
Unrealized
Losses
  
Fair
Value
  
Gross
Unrealized
Losses
  
Fair
Value
  
Gross
Unrealized
Losses
  
Fair
Value
 
Obligations of U.S. Government agencies
 
$
88
  
$
20,068
  
$
50
  
$
2,872
  
$
138
  
$
22,940
 
Obligations of state and policitcal subdivisions
  
69
   
3,191
   
-
   
-
   
69
   
3,191
 
Mortgage-backed securities
  
197
   
28,929
   
179
   
22,281
   
376
   
51,210
 
Corporate bonds and other securities
  
-
   
-
   
3
   
197
   
3
   
197
 
Total securities available-for-sale
 
$
354
  
$
52,188
  
$
232
  
$
25,350
  
$
586
  
$
77,538
 

  
December 31, 2018
 
  
Less than 12 months
  
12 months or more
  
Total
 
(Dollars in thousands)
 
Gross
Unrealized
Losses
  
Fair
Value
  
Gross
Unrealized
Losses
  
Fair
Value
  
Gross
Unrealized
Losses
  
Fair
Value
 
U.S. Treasury securities
 
$
1
  
$
2,484
  
$
-
  
$
-
  
$
1
  
$
2,484
 
Obligations of U.S. Government agencies
  
47
   
6,014
   
109
   
3,206
   
156
   
9,220
 
Obligations of state and policitcal subdivisions
  
10
   
5,829
   
502
   
23,727
   
512
   
29,556
 
Mortgage-backed securities
  
-
   
-
   
2,346
   
63,930
   
2,346
   
63,930
 
Corporate bonds and other securities
  
1
   
100
   
11
   
389
   
12
   
489
 
Total securities available-for-sale
 
$
59
  
$
14,427
  
$
2,968
  
$
91,252
  
$
3,027
  
$
105,679