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Securities (Tables)
12 Months Ended
Dec. 31, 2018
Available-for-sale Securities [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale
Amortized costs and fair values of securities available for sale at December 31, 2018 and 2017 were as follows:
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
 
December 31, 2018
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
22,183

 
$
29

 
$
(481
)
 
$
21,731

Mortgage-backed securities
77,976

 
145

 
(1,638
)
 
76,483

Obligations of states and political subdivisions
46,159

 
394

 
(469
)
 
46,084

 
$
146,318

 
$
568

 
$
(2,588
)
 
$
144,298

 
December 31, 2017
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
21,565

 
$
213

 
$
(258
)
 
$
21,520

Mortgage-backed securities
61,464

 
126

 
(346
)
 
61,244

Obligations of states and political subdivisions
49,199

 
789

 
(186
)
 
49,802

 
$
132,228

 
$
1,128

 
$
(790
)
 
$
132,566

Restricted Investments
Carrying amounts of restricted securities at December 31, 2018 and 2017 were as follows:
 
 
December 31, 2018
 
December 31, 2017
 
(in thousands)
Federal Reserve Bank Stock
$
344

 
$
344

Federal Home Loan Bank Stock
686

 
623

Community Bankers’ Bank Stock
140

 
140

 
$
1,170

 
$
1,107

Investments Classified by Contractual Maturity Date
The amortized cost and fair value of securities available for sale at December 31, 2018, by contractual maturity, are shown below. Maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities may be called or repaid without any penalties.
 
 
 
Amortized
Cost
 
Fair
Value
 
 
(in thousands)
Due in one year or less
 
$
1,356

 
$
1,361

Due after one year through five years
 
12,011

 
12,043

Due after five years through ten years
 
49,511

 
48,933

Due after ten years
 
83,440

 
81,961

 
 
$
146,318

 
$
144,298

Fair Value And Gross Unrealized Losses For Securities Available For Sale
The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at December 31, 2018 and 2017 were as follows:
 
Less than 12 months
 
12 months or more
 
Total
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
December 31, 2018
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
1,973

 
$
6

 
$
13,710

 
$
475

 
$
15,683

 
$
481

Mortgage-backed securities
16,659

 
332

 
42,966

 
1,306

 
59,625

 
1,638

Obligations of states and political subdivisions
3,594

 
52

 
12,864

 
417

 
16,458

 
469

 
$
22,226

 
$
390

 
$
69,540

 
$
2,198

 
$
91,766

 
$
2,588

 
December 31, 2017
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
4,455

 
$
58

 
$
7,810

 
$
200

 
$
12,265

 
$
258

Mortgage-backed securities
11,885

 
59

 
17,931

 
287

 
29,816

 
346

Obligations of states and political subdivisions
4,071

 
27

 
4,692

 
159

 
8,763

 
186

 
$
20,411

 
$
144

 
$
30,433

 
$
646

 
$
50,844

 
$
790