XML 32 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Securities (Tables)
6 Months Ended
Jun. 30, 2020
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:

 
June 30, 2020
 
(Dollars in thousands)
 
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
(Losses)
   
Fair
Value
 
U.S. Treasury securities
 
$
6,952
   
$
142
   
$
-
   
$
7,094
 
Obligations of U.S. Government agencies
   
33,896
     
34
     
(858
)
   
33,072
 
Obligations of state and policitcal subdivisions
   
34,914
     
1,724
     
(6
)
   
36,632
 
Mortgage-backed securities
   
67,754
     
3,118
     
(44
)
   
70,828
 
Money market investments
   
4,995
     
-
     
-
     
4,995
 
Corporate bonds and other securities
   
7,547
     
150
     
(17
)
   
7,680
 
   
$
156,058
   
$
5,168
   
$
(925
)
 
$
160,301
 

 
December 31, 2019
 
(Dollars in thousands)
 
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
(Losses)
   
Fair
Value
 
U.S. Treasury securities
 
$
6,925
   
$
78
   
$
-
   
$
7,003
 
Obligations of U.S. Government agencies
   
33,998
     
9
     
(403
)
   
33,604
 
Obligations of state and policitcal subdivisions
   
24,525
     
442
     
(225
)
   
24,742
 
Mortbage-backed securities
   
72,000
     
460
     
(552
)
   
71,908
 
Money market investments
   
3,825
     
-
     
-
     
3,825
 
Corporate bonds and other securities
   
4,542
     
94
     
(3
)
   
4,633
 
   
$
145,815
   
$
1,083
   
$
(1,183
)
 
$
145,715
 
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
June 30,
   
Six Months Ended
June 30
 
(Dollars in thousands)
 
2020
   
2019
   
2020
   
2019
 
Securities Available-for-sale
                       
Realized gains on sales of securities
 
$
185
   
$
-
   
$
185
   
$
36
 
Realized losses on sales of securities
   
(1
)
   
-
     
(1
)
   
(10
)
Net realized gain
 
$
184
   
$
-
   
$
184
   
$
26
 
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 June 30, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated:

 
June 30, 2020
 
   
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
 
$
723
   
$
20,948
   
$
135
   
$
8,909
   
$
858
   
$
29,857
 
Obligations of state and policitcal subdivisions
   
6
     
1,158
     
-
     
-
     
6
     
1,158
 
Mortgage-backed securities
   
25
     
9,840
     
19
     
3,046
     
44
     
12,886
 
Corporate bonds and other securities
   
17
     
4,188
     
-
     
-
     
17
     
4,188
 
Total securities available-for-sale
 
$
771
   
$
36,134
   
$
154
   
$
11,955
   
$
925
   
$
48,089
 

 
December 31, 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
 
$
349
   
$
29,744
   
$
54
   
$
2,562
   
$
403
   
$
32,306
 
Obligations of state and policitcal subdivisions
   
225
     
10,112
     
-
     
-
     
225
     
10,112
 
Mortgage-backed securities
   
405
     
44,661
     
147
     
14,078
     
552
     
58,739
 
Corporate bonds and other securities
   
-
     
-
     
3
     
197
     
3
     
197
 
Total securities available-for-sale
 
$
979
   
$
84,517
   
$
204
   
$
16,837
   
$
1,183
   
$
101,354