XML 53 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2018
Investment Securities  
Schedule of amortized cost and fair value of debt securities available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Amortized

 

Gross Unrealized

 

Fair

(in thousands)

    

Cost

    

Gains

    

Losses

    

Value

December 31, 2018

 

 

  

 

 

  

 

 

  

 

 

  

U.S. Treasury

 

$

1,984

 

$

 —

 

$

(32)

 

$

1,952

U.S. government and federal agency obligations

 

 

10,235

 

 

 —

 

 

(269)

 

 

9,966

Government sponsored enterprises

 

 

43,784

 

 

23

 

 

(472)

 

 

43,335

Obligations of states and political subdivisions

 

 

40,859

 

 

28

 

 

(501)

 

 

40,386

Mortgage-backed securities:

 

 

121,230

 

 

72

 

 

(3,110)

 

 

118,192

Other debt securities (a)

 

 

3,000

 

 

 —

 

 

 —

 

 

3,000

Bank issued trust preferred securities (a)

 

 

1,486

 

 

 —

 

 

(112)

 

 

1,374

Total available-for-sale securities

 

$

222,578

 

$

123

 

$

(4,496)

 

$

218,205

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

  

 

 

  

 

 

  

 

 

  

U.S. Treasury

 

$

1,980

 

$

 —

 

$

(13)

 

$

1,967

U.S. government and federal agency obligations

 

 

12,341

 

 

 —

 

 

(268)

 

 

12,073

Government sponsored enterprises

 

 

37,321

 

 

 —

 

 

(424)

 

 

36,897

Obligations of states and political subdivisions

 

 

47,019

 

 

114

 

 

(477)

 

 

46,656

Mortgage-backed securities:

 

 

131,045

 

 

44

 

 

(2,140)

 

 

128,949

Other debt securities (a)

 

 

3,000

 

 

 —

 

 

 —

 

 

3,000

Bank issued trust preferred securities (a)

 

 

1,486

 

 

 —

 

 

 —

 

 

1,486

Total available-for-sale securities

 

$

234,192

 

$

158

 

$

(3,322)

 

$

231,028

 

(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations were reclassified from other securities carried at cost to available for sale securities carried at fair value in the years presented.

Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity

 

 

 

 

 

 

 

 

    

Amortized

    

Fair

(in thousands)

 

Cost

 

Value

Due in one year or less

 

$

18,076

 

$

17,964

Due after one year through five years

 

 

63,424

 

 

62,599

Due after five years through ten years

 

 

13,750

 

 

13,505

Due after ten years

 

 

6,098

 

 

5,945

Total

 

 

101,348

 

 

100,013

Mortgage-backed securities

 

 

121,230

 

 

118,192

Total available-for-sale securities

 

$

222,578

 

$

218,205

 

Schedule of Other securities

 

 

 

 

 

 

 

(in thousands)

 

2018

    

2017

Other securities:

 

 

  

 

 

  

FHLB stock

 

$

5,512

 

$

6,390

MIB stock

 

 

151

 

 

151

Equity securities with readily determinable fair values

 

 

12

 

 

10

Total other investment securities

 

$

5,675

 

$

6,551

 

Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

12 months or more

 

Total

 

Total

 

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

(in thousands)

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

At December 31, 2018

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. Treasury

 

$

 —

 

$

 —

 

$

1,952

 

$

(32)

 

$

1,952

 

$

(32)

U.S. government and federal agency obligations

 

 

 —

 

 

 —

 

 

9,966

 

 

(269)

 

 

9,966

 

 

(269)

Government sponsored enterprises

 

 

1,997

 

 

(3)

 

 

33,346

 

 

(469)

 

 

35,343

 

 

(472)

Obligations of states and political subdivisions

 

 

5,851

 

 

(16)

 

 

28,832

 

 

(485)

 

 

34,683

 

 

(501)

Mortgage-backed securities

 

 

10,085

 

 

(61)

 

 

99,321

 

 

(3,049)

 

 

109,406

 

 

(3,110)

Bank issued trust preferred securities

 

 

 —

 

 

 —

 

 

1,374

 

 

(112)

 

 

1,374

 

 

(112)

Total

 

$

17,933

 

$

(80)

 

$

174,791

 

$

(4,416)

 

$

192,724

 

$

(4,496)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

At December 31, 2017

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

U.S. Treasury

 

$

1,967

 

$

(13)

 

$

 —

 

$

 —

 

$

1,967

 

$

(13)

U.S. government and federal agency obligations

 

 

 —

 

 

 —

 

 

12,073

 

 

(268)

 

 

12,073

 

 

(268)

Government sponsored enterprises

 

 

16,471

 

 

(119)

 

 

20,426

 

 

(305)

 

 

36,897

 

 

(424)

Obligations of states and political subdivisions

 

 

22,013

 

 

(165)

 

 

12,570

 

 

(312)

 

 

34,583

 

 

(477)

Mortgage-backed securities:

 

 

52,829

 

 

(488)

 

 

69,580

 

 

(1,652)

 

 

122,409

 

 

(2,140)

Total

 

$

93,280

 

$

(785)

 

$

114,649

 

$

(2,537)

 

$

207,929

 

$

(3,322)

 

Schedule of components of investment securities gains and losses

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2018

    

2017

    

2016

Investment securities gains, net

 

 

  

 

 

  

 

 

  

Available for sale securities:

 

 

  

 

 

  

 

 

  

Gains realized on sales

 

$

253

 

$

38

 

$

623

Losses realized on sales

 

 

 —

 

 

(33)

 

 

(21)

Other-than-temporary impairment recognized

 

 

 —

 

 

 —

 

 

 —

Other investment securities:

 

 

  

 

 

  

 

 

  

Fair value adjustments, net

 

 

 2

 

 

 —

 

 

 —

Investment securities gains, net

 

$

255

 

$

 5

 

$

602