XML 31 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Securities (Tables)
 3 Months Ended
Mar. 31, 2021
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:

  
March 31, 2021
 
(Dollars in thousands)
 
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
(Losses)
  
Fair
Value
 
U.S. Treasury securities
 
$
6,994
  
$
22
  
$
-
  
$
7,016
 
Obligations of U.S. Government agencies
  
35,331
   
184
   
(83
)
  
35,432
 
Obligations of state and political subdivisions
  
52,029
   
1,568
   
(438
)
  
53,159
 
Mortgage-backed securities
  
74,306
   
1,847
   
(214
)
  
75,939
 
Money market investments
  
4,558
   
-
   
-
   
4,558
 
Corporate bonds and other securities
  
18,294
   
195
   
(75
)
  
18,414
 
  
$
191,512
  
$
3,816
  
$
(810
)
 
$
194,518
 

  
December 31, 2020
 
(Dollars in thousands)
 
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
(Losses)
  
Fair
Value
 
U.S. Treasury securities
 
$
6,980
  
$
63
  
$
-
  
$
7,043
 
Obligations of U.S. Government agencies
  
36,858
   
35
   
(197
)
  
36,696
 
Obligations of state and political subdivisions
  
43,517
   
2,478
   
-
   
45,995
 
Mortgage-backed securities
  
70,866
   
2,759
   
(124
)
  
73,501
 
Money market investments
  
4,743
   
-
   
-
   
4,743
 
Corporate bonds and other securities
  
18,295
   
158
   
(22
)
  
18,431
 
  
$
181,259
  
$
5,493
  
$
(343
)
 
$
186,409
 
Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and fair value of securities by contractual maturity are shown below:

  
March 31, 2021
 
(Dollars in thousands)
 
Amortized
Cost
  
Fair
Value
 
Due in one year or less
 
$
7,094
  
$
7,117
 
Due after one year through five years
  
9,657
   
9,830
 
Due after five through ten years
  
40,403
   
41,494
 
Due after ten years
  
129,800
   
131,519
 
Other securities, restricted
  
4,558
   
4,558
 
  
$
191,512
  
$
194,518
 
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 March 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated:

  
March 31, 2021
 
  
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
 
$
8
  
$
2,068
  
$
75
  
$
11,047
  
$
83
  
$
13,115
 
Obligations of state and policitcal subdivisions
  
438
   
15,706
   
-
   
-
   
438
   
15,706
 
Mortgage-backed securities
  
214
   
10,549
   
-
   
-
   
214
   
10,549
 
Corporate bonds and other securities
  
75
   
6,175
   
-
   
-
   
75
   
6,175
 
Total securities available-for-sale
 
$
735
  
$
34,498
  
$
75
  
$
11,047
  
$
810
  
$
45,545
 

  
December 31, 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
 
$
8
  
$
2,810
  
$
189
  
$
17,191
  
$
197
  
$
20,001
 
Mortgage-backed securities
  
118
   
14,291
   
6
   
1,285
   
124
   
15,576
 
Corporate bonds and other securities
  
22
   
5,977
   
-
   
-
   
22
   
5,977
 
Total securities available-for-sale
 
$
148
  
$
23,078
  
$
195
  
$
18,476
  
$
343
  
$
41,554