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Securities (Tables)
9 Months Ended
Sep. 30, 2016
Securities  
Summary of available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

14,032

 

$

22

 

$

(2)

 

$

14,052

 

Mortgage-backed securities

 

 

68,870

 

 

1,493

 

 

(3)

 

 

70,360

 

Obligations of states and political subdivisions

 

 

115,776

 

 

5,113

 

 

(69)

 

 

120,820

 

 

 

$

198,678

 

$

6,628

 

$

(74)

 

$

205,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

18,759

 

$

 —

 

$

(258)

 

$

18,501

 

Mortgage-backed securities

 

 

76,957

 

 

513

 

 

(443)

 

 

77,027

 

Obligations of states and political subdivisions

 

 

118,389

 

 

5,640

 

 

(81)

 

 

123,948

 

 

 

$

214,105

 

$

6,153

 

$

(782)

 

$

219,476

 

 

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

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

 

    

Amortized

    

 

 

(Dollars in thousands)

 

Cost

 

Fair Value

 

Due in one year or less

 

$

26,880

 

$

27,169

 

Due after one year through five years

 

 

137,448

 

 

142,067

 

Due after five years through ten years

 

 

24,905

 

 

25,817

 

Due after ten years

 

 

9,445

 

 

10,179

 

 

 

$

198,678

 

$

205,232

 

 

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at September 30, 2016, 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

 

$

3,076

 

$

2

 

$

 —

 

$

 —

 

$

3,076

 

$

2

 

Mortgage-backed securities

 

 

903

 

 

1

 

 

703

 

 

2

 

 

1,606

 

 

3

 

Obligations of states and political subdivisions

 

 

8,092

 

 

52

 

 

1,926

 

 

17

 

 

10,018

 

 

69

 

Total temporarily impaired securities

 

$

12,071

 

$

55

 

$

2,629

 

$

19

 

$

14,700

 

$

74

 

 

Securities in an unrealized loss position at December 31, 2015, 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

 

$

9,530

 

$

69

 

$

8,971

 

$

189

 

$

18,501

 

$

258

 

Mortgage-backed securities

 

 

27,085

 

 

397

 

 

2,252

 

 

46

 

 

29,337

 

 

443

 

Obligations of states and political subdivisions

 

 

5,157

 

 

32

 

 

4,666

 

 

49

 

 

9,823

 

 

81

 

Total temporarily impaired securities

 

$

41,772

 

$

498

 

$

15,889

 

$

284

 

$

57,661

 

$

782