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Securities (Tables)
3 Months Ended
Mar. 31, 2019
Securities  
Summary of available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

17,650

 

$

 —

 

$

(256)

 

$

17,394

 

Mortgage-backed securities

 

 

101,159

 

 

279

 

 

(848)

 

 

100,590

 

Obligations of states and political subdivisions

 

 

90,116

 

 

1,005

 

 

(98)

 

 

91,023

 

 

 

$

208,925

 

$

1,284

 

$

(1,202)

 

$

209,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

18,008

 

$

 1

 

$

(536)

 

$

17,473

 

Mortgage-backed securities

 

 

106,787

 

 

85

 

 

(1,889)

 

 

104,983

 

Obligations of states and political subdivisions

 

 

91,855

 

 

840

 

 

(241)

 

 

92,454

 

 

 

$

216,650

 

$

926

 

$

(2,666)

 

$

214,910

 

 

Schedule of amortized cost and estimated fair value of securities, by contractual maturity date

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

    

Amortized

    

 

 

(Dollars in thousands)

 

Cost

 

Fair Value

 

Due in one year or less

 

$

47,052

 

$

47,097

 

Due after one year through five years

 

 

141,597

 

 

141,414

 

Due after five years through ten years

 

 

15,447

 

 

15,513

 

Due after ten years

 

 

4,829

 

 

4,983

 

 

 

$

208,925

 

$

209,007

 

 

Schedule of gross realized gains and losses and the proceeds

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

(Dollars in thousands)

2019

    

2018

    

Realized gains from maturities and calls of securities:

 

 

 

 

 

 

Gross realized gains

$

 4

 

$

 5

 

Gross realized losses

 

 —

 

 

 —

 

Net realized gains

$

 4

 

$

 5

 

Proceeds from maturities, calls and paydowns of securities

$

15,657

 

$

12,735

 

 

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at March 31, 2019, by duration of the period of the unrealized loss, are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

 

   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

(Dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

   Value   

 

Loss

 

U.S. government agencies and corporations

 

$

 —

 

$

 —

 

$

16,005

 

$

256

 

$

16,005

 

$

256

 

Mortgage-backed securities

 

 

1,754

 

 

 1

 

 

67,941

 

 

847

 

 

69,695

 

 

848

 

Obligations of states and political subdivisions

 

 

1,899

 

 

 1

 

 

18,062

 

 

97

 

 

19,961

 

 

98

 

Total temporarily impaired securities

 

$

3,653

 

$

 2

 

$

102,008

 

$

1,200

 

$

105,661

 

$

1,202

 

 

Securities in an unrealized loss position at December 31, 2018, by duration of the period of the unrealized loss, are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

 

   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

(Dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

   Value   

 

Loss

 

U.S. government agencies and corporations

 

$

997

 

$

 1

 

$

15,725

 

$

535

 

$

16,722

 

$

536

 

Mortgage-backed securities

 

 

17,934

 

 

132

 

 

72,830

 

 

1,757

 

 

90,764

 

 

1,889

 

Obligations of states and political subdivisions

 

 

9,492

 

 

29

 

 

20,555

 

 

212

 

 

30,047

 

 

241

 

Total temporarily impaired securities

 

$

28,423

 

$

162

 

$

109,110

 

$

2,504

 

$

137,533

 

$

2,666