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Securities (Tables)
9 Months Ended
Sep. 30, 2019
Debt Securities, Available-for-sale [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale
Amortized costs and fair values of securities available for sale at September 30, 2019 and December 31, 2018 were as follows:
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
 
September 30, 2019
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
22,921

 
$
493

 
$
(43
)
 
$
23,371

Mortgage-backed securities
76,886

 
808

 
(160
)
 
77,534

Obligations of states and political subdivisions
35,881

 
966

 
(23
)
 
36,824

 
$
135,688

 
$
2,267

 
$
(226
)
 
$
137,729

 
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

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 September 30, 2019 and December 31, 2018 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
 
September 30, 2019
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
1,657

 
$
26

 
$
3,981

 
$
17

 
$
5,638

 
$
43

Mortgage-backed securities
7,988

 
38

 
15,023

 
122

 
23,011

 
160

Obligations of states and political subdivisions
1,701

 
15

 
926

 
8

 
2,627

 
23

 
$
11,346

 
$
79

 
$
19,930

 
$
147

 
$
31,276

 
$
226

 
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

Restricted Investments
The composition of restricted investments at September 30, 2019 and December 31, 2018 was as follows:
 
 
September 30, 2019
 
December 31, 2018
 
(in thousands)
Federal Reserve Bank Stock
$
344

 
$
344

Federal Home Loan Bank Stock
1,138

 
686

Community Bankers’ Bank Stock
140

 
140

 
$
1,622

 
$
1,170