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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

Dollars in Thousands

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Obligations of U.S. Government agencies and corporations

 

$

8,184

 

$

187

 

$

 8

 

$

8,363

Obligations of States and political subdivisions

 

 

24,636

 

 

725

 

 

29

 

 

25,332

Mortgage-backed securities

 

 

20,665

 

 

120

 

 

78

 

 

20,707

Equity securities

 

 

1,500

 

 

 —

 

 

48

 

 

1,452

 

 

$

54,985

 

$

1,032

 

$

163

 

$

55,854

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 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

 

$

999

 

$

 2

 

$

2,997

 

$

 6

 

$

3,996

 

$

 8

Mortgage-backed securities

 

 

5,496

 

 

21

 

 

4,754

 

 

57

 

 

10,250

 

 

78

Obligations of States and political subdivisions

 

 

2,522

 

 

29

 

 

253

 

 

 —

 

 

2,775

 

 

29

Equity Securities

 

 

 —

 

 

 —

 

 

1,452

 

 

48

 

 

1,452

 

 

48

Total securities with unrealized losses

 

$

9,017

 

$

52

 

$

9,456

 

$

111

 

$

18,473

 

$

163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

Securities

 

 

Available for Sale

 

 

Dollars in Thousands

 

 

 

Amortized

 

 

Fair

 

    

 

Cost

    

 

Value

Due in one year or less

 

$

3,023

 

$

3,018

Due after one year through five years

 

 

2,491

 

 

2,489

Due after five years through ten years

 

 

12,680

 

 

13,139

Due after ten years or more

 

 

16,126

 

 

16,502

Mortgage-backed, due in monthly installments

 

 

20,665

 

 

20,706

 

 

$

54,985

 

$

55,854