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Securities (Tables)
 6 Months Ended
Jun. 30, 2019
Gain (Loss) on Securities [Line Items]  
Schedule of Equity securities gains and losses [Table Text Block]
The following table represents a summary of the gains and losses that relate to equity securities for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30
 
June 30
 
2019
 
2018
 
2019
 
2018
Net gains (losses) recognized during the period on equity securities
$
444

 
$
54

 
1,351

 
(431
)
Less: net gains recognized during the period on equity securities sold during the period
3

 
2

 
6

 
4

Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date
$
441

 
$
52

 
1,345

 
(435
)
Reconciliation of fair value of securities
The following table presents a summary of the amortized cost, gross unrealized gains and losses, and fair value of securities available for sale and securities held to maturity for the periods indicated:
 
June 30, 2019
 
December 31, 2018
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized
Losses
 
Fair
Value
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized
Losses
 
Fair
Value
 
(Dollars in thousands)
Available for sale securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency securities
$
32,476

 
$
453

 
$
(6
)
 
$
32,923

 
$
32,477

 
$
—

 
$
(439
)
 
$
32,038

Agency mortgage-backed securities
194,682

 
3,024

 
(41
)
 
197,665

 
222,491

 
1,020

 
(3,406
)
 
220,105

Agency collateralized mortgage obligations
97,299

 
1,420

 
(76
)
 
98,643

 
138,149

 
197

 
(3,435
)
 
134,911

State, county, and municipal securities
1,715

 
23

 
—

 
1,738

 
1,719

 
16

 
—

 
1,735

Single issuer trust preferred securities issued by banks
717

 
—

 
—

 
717

 
717

 
—

 
(10
)
 
707

Pooled trust preferred securities issued by banks and insurers
1,653

 
—

 
(372
)
 
1,281

 
1,678

 
—

 
(349
)
 
1,329

Small business administration pooled securities
59,099

 
1,082

 
—

 
60,181

 
53,317

 
—

 
(1,390
)
 
51,927

Total available for sale securities
$
387,641

 
$
6,002

 
$
(495
)
 
$
393,148

 
$
450,548

 
$
1,233

 
$
(9,029
)
 
$
442,752

Held to maturity securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency securities
$
12,833

 
$
130

 
$
—

 
$
12,963

 
$
—

 
$
—

 
$
—

 
$
—

U.S. Treasury securities
1,003

 
21

 
—

 
1,024

 
1,004

 
11

 
—

 
1,015

Agency mortgage-backed securities
423,825

 
7,488

 
(46
)
 
431,267

 
252,484

 
1,548

 
(3,104
)
 
250,928

Agency collateralized mortgage obligations
324,441

 
4,627

 
(1,350
)
 
327,718

 
332,775

 
869

 
(6,920
)
 
326,724

Single issuer trust preferred securities issued by banks
1,500

 
—

 
(10
)
 
1,490

 
1,500

 
—

 
(10
)
 
1,490

Small business administration pooled securities
33,757

 
467

 
(30
)
 
34,194

 
23,727

 
105

 
(349
)
 
23,483

Total held to maturity securities
$
797,359

 
$
12,733

 
$
(1,436
)
 
$
808,656

 
$
611,490

 
$
2,533

 
$
(10,383
)
 
$
603,640

Total
$
1,185,000

 
$
18,735

 
$
(1,931
)
 
$
1,201,804

 
$
1,062,038

 
$
3,766

 
$
(19,412
)
 
$
1,046,392
Schedule of contractual maturities of securities A schedule of the contractual maturities of securities available for sale and securities held to maturity as of June 30, 2019 is presented below:
 
Due in one year or less
 
Due after one year to five years
 
Due after five to ten years
 
Due after ten years
 
Total
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
(Dollars in thousands)
Available for sale securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency securities
$
10,004

 
$
9,998

 
$
10,003

 
$
10,148

 
$
12,469

 
$
12,777

 
$
—

 
$
—

 
$
32,476

 
$
32,923

Agency mortgage-backed securities
—

 
—

 
57,520

 
57,850

 
64,505

 
65,938

 
72,657

 
73,877

 
194,682

 
197,665

Agency collateralized mortgage obligations
—

 
—

 
—

 
—

 
—

 
—

 
97,299

 
98,643

 
97,299

 
98,643

State, county, and municipal securities
—

 
—

 
1,022

 
1,026

 
693

 
712

 
—

 
—

 
1,715

 
1,738

Single issuer trust preferred securities issued by banks
—

 
—

 
—

 
—

 
—

 
—

 
717

 
717

 
717

 
717

Pooled trust preferred securities issued by banks and insurers
—

 
—

 
—

 
—

 
—

 
—

 
1,653

 
1,281

 
1,653

 
1,281

Small business administration pooled securities
—

 
—

 
—

 
—

 
—

 
—

 
59,099

 
60,181

 
59,099

 
60,181

Total available for sale securities
$
10,004

 
$
9,998

 
$
68,545

 
$
69,024

 
$
77,667

 
$
79,427

 
$
231,425

 
$
234,699

 
$
387,641

 
$
393,148

Held to maturity securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency securities
$
—

 
$
—

 
$
12,833

 
$
12,963

 
$
—

 
$
—

 
$
—

 
$
—

 
$
12,833

 
$
12,963

U.S. Treasury securities
—

 
—

 
1,003

 
1,024

 
—

 
—

 
—

 
—

 
1,003

 
1,024

Agency mortgage-backed securities
—

 
—

 
11,456

 
11,479

 
37,434

 
37,887

 
374,935

 
381,901

 
423,825

 
431,267

Agency collateralized mortgage obligations
—

 
—

 
—

 
—

 
335

 
334

 
324,106

 
327,384

 
324,441

 
327,718

Single issuer trust preferred securities issued by banks
—

 
—

 
—

 
—

 
1,500

 
1,490

 
—

 
—

 
1,500

 
1,490

Small business administration pooled securities
—

 
—

 
—

 
—

 
—

 
—

 
33,757

 
34,194

 
33,757

 
34,194

Total held to maturity securities
$
—

 
$
—

 
$
25,292

 
$
25,466

 
$
39,269

 
$
39,711

 
$
732,798

 
$
743,479

 
$
797,359

 
$
808,656

Total
$
10,004

 
$
9,998

 
$
93,837

 
$
94,490

 
$
116,936

 
$
119,138

 
$
964,223

 
$
978,178

 
$
1,185,000

 
$
1,201,804
Schedule of gross unrealized losses and fair value of investments
The following tables show the gross unrealized losses and fair value of the Company’s investments in an unrealized loss position, which the Company has not deemed to be OTTI, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
 
June 30, 2019
 
 
 
Less than 12 months
 
12 months or longer
 
Total
 
# of 
holdings
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
(Dollars in thousands)
U.S. government agency securities
1

 
$
9,998

 
$
(6
)
 
$
—

 
$
—

 
$
9,998

 
$
(6
)
Agency mortgage-backed securities
11

 
—

 
—

 
16,365

 
(87
)
 
16,365

 
(87
)
Agency collateralized mortgage obligations
19

 
25,527

 
(85
)
 
82,547

 
(1,341
)
 
108,074

 
(1,426
)
Single issuer trust preferred securities issued by banks and insurers
2

 
2,207

 
(10
)
 
—

 
—

 
2,207

 
(10
)
Pooled trust preferred securities issued by banks and insurers
1

 
—

 
—

 
1,281

 
(372
)
 
1,281

 
(372
)
Small business administration pooled securities
1

 
—

 
—

 
7,973

 
(30
)
 
7,973

 
(30
)
Total temporarily impaired securities
35

 
$
37,732

 
$
(101
)
 
$
108,166

 
$
(1,830
)
 
$
145,898

 
$
(1,931
)

 
December 31, 2018
 
 
 
Less than 12 months
 
12 months or longer
 
Total
 
# of 
holdings
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
(Dollars in thousands)
U.S.government agency securities
3

 
$
9,960

 
$
(43
)
 
$
22,078

 
$
(396
)
 
$
32,038

 
$
(439
)
Agency mortgage-backed securities
144

 
104,616

 
(1,363
)
 
222,850

 
(5,147
)
 
327,466

 
(6,510
)
Agency collateralized mortgage obligations
48

 
57,871

 
(398
)
 
279,229

 
(9,957
)
 
337,100

 
(10,355
)
Single issuer trust preferred securities issued by banks and insurers
2

 
2,197

 
(20
)
 
—

 
—

 
2,197

 
(20
)
Pooled trust preferred securities issued by banks and insurers
1

 
—

 
—

 
1,329

 
(349
)
 
1,329

 
(349
)
Small business administration pooled securities
7

 
28,257

 
(662
)
 
40,621

 
(1,077
)
 
68,878

 
(1,739
)
Total temporarily impaired securities
205

 
$
202,901

 
$
(2,486
)
 
$
566,107

 
$
(16,926
)
 
$
769,008

 
$
(19,412
)