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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2019
Investment Securities  
Schedule of securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

Dollars in Thousands

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Obligations of U.S. Government agencies and corporations

 

$

9,399

 

$

248

 

$

21

 

$

9,626

Obligations of States and political subdivisions

 

 

21,706

 

 

522

 

 

40

 

 

22,188

Mortgage-backed securities

 

 

17,702

 

 

75

 

 

103

 

 

17,674

Equity securities

 

 

1,500

 

 

 —

 

 

71

 

 

1,429

 

 

$

50,307

 

$

845

 

$

235

 

$

50,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

Dollars in Thousands

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Obligations of U.S. Government agencies and corporations

 

$

9,469

 

$

47

 

$

96

 

$

9,420

Obligations of States and political subdivisions

 

 

21,383

 

 

139

 

 

426

 

 

21,096

Mortgage-backed securities

 

 

19,942

 

 

15

 

 

553

 

 

19,404

Equity securities

 

 

1,500

 

 

 —

 

 

120

 

 

1,380

 

 

$

52,294

 

$

201

 

$

1,195

 

$

51,300

 

Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

Dollars in Thousands

 

 

Less than 12 months

 

12 months or more

 

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

    

Value

    

Loss

    

Value

    

Loss

    

Value

    

Loss

Obligations of U.S. Government agencies and corporations

 

$

4,640

 

$

 —

 

$

4,986

 

$

21

 

$

9,626

 

$

21

Mortgage-backed securities

 

 

7,463

 

 

 —

 

 

10,211

 

 

103

 

 

17,674

 

 

103

Obligations of States and political subdivisions

 

 

14,707

 

 

 3

 

 

7,481

 

 

37

 

 

22,188

 

 

40

Equity Securities

 

 

 —

 

 

 —

 

 

1,429

 

 

71

 

 

1,429

 

 

71

Total securities with unrealized losses

 

$

26,810

 

$

 3

 

$

24,107

 

$

232

 

$

50,917

 

$

235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

Dollars in Thousands

 

 

Less than 12 months

 

12 months or more

 

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

    

Value

    

Loss

    

Value

    

Loss

    

Value

    

Loss

Obligations of U.S. Government agencies and corporations

 

$

3,973

 

$

18

 

$

5,927

 

$

78

 

$

9,900

 

$

96

Mortgage-backed securities

 

 

5,485

 

 

111

 

 

13,440

 

 

442

 

 

18,924

 

 

553

Obligations of States and political subdivisions

 

 

9,119

 

 

81

 

 

11,977

 

 

345

 

 

21,096

 

 

426

Equity Securities

 

 

 —

 

 

 —

 

 

1,380

 

 

120

 

 

1,380

 

 

120

Total securities with unrealized losses

 

$

18,577

 

$

209

 

$

32,724

 

$

985

 

$

51,300

 

$

1,195

 

Schedule of maturities, calls, or repricing of securities available for sale

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

Securities

 

 

Available for Sale

 

 

Dollars in Thousands

 

 

 

Amortized

 

 

Fair

 

    

 

Cost

    

 

Value

Due in one year or less

 

$

4,777

 

$

4,766

Due after one year through five years

 

 

2,563

 

 

2,558

Due after five years through ten years

 

 

12,463

 

 

12,892

Due after ten years or more

 

 

12,802

 

 

13,028

Mortgage-backed, due in monthly installments

 

 

17,702

 

 

17,673

 

 

$

50,307

 

$

50,917