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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2019
Investment Securities  
Schedule of securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

Dollars in Thousands

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Obligations of U.S. Government agencies and corporations

 

$

10,186

 

$

162

 

$

36

 

$

10,312

Obligations of States and political subdivisions

 

 

33,885

 

 

716

 

 

43

 

 

34,558

Mortgage-backed securities

 

 

56,275

 

 

236

 

 

90

 

 

56,421

Equity securities

 

 

4,923

 

 

42

 

 

 —

 

 

4,965

 

 

$

105,269

 

$

1,156

 

$

169

 

$

106,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

 

$

5,269

 

$

34

 

$

2,000

 

$

 2

 

$

7,269

 

$

36

Mortgage-backed securities

 

 

11,600

 

 

32

 

 

4,489

 

 

58

 

 

16,089

 

 

90

Obligations of States and political subdivisions

 

 

4,669

 

 

43

 

 

 —

 

 

 —

 

 

4,669

 

 

43

Equity Securities

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Total securities with unrealized losses

 

$

21,538

 

$

109

 

$

6,489

 

$

60

 

$

28,027

 

$

169

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

Securities

 

 

Available for Sale

 

 

Dollars in Thousands

 

 

 

Amortized

 

 

Fair

 

    

 

Cost

    

 

Value

Due in one year or less

 

$

2,252

 

$

2,250

Due after one year through five years

 

 

4,030

 

 

4,026

Due after five years through ten years

 

 

20,129

 

 

20,621

Due after ten years or more

 

 

22,583

 

 

22,938

Mortgage-backed, due in monthly installments

 

 

56,275

 

 

56,421

 

 

$

105,269

 

$

106,256

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

Securities

 

 

Available for Sale

 

 

Dollars in Thousands

 

 

Amortized

 

Fair

 

    

Cost

    

Value

Due in one year or less

 

$

5,175

    

$

5,166

Due after one year through five years

 

 

4,727

 

 

4,649

Due after five years through ten years

 

 

10,566

 

 

10,521

Due after ten years or more

 

 

11,884

 

 

11,560

Mortgage‑backed, due in monthly installments

 

 

19,942

 

 

19,404

 

 

$

52,294

 

$

51,300

 

Schedule of securities pledged as collateral

 

 

 

 

 

 

 

 

    

2019

    

2018

Amortized cost

 

$

9,143

 

$

8,597

Fair value

 

 

9,179

 

 

8,632