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Securities (Tables)
3 Months Ended
Mar. 31, 2017
Securities  
Summary of available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

17,017

 

$

 1

 

$

(346)

 

$

16,672

 

Mortgage-backed securities

 

 

82,914

 

 

203

 

 

(524)

 

 

82,593

 

Obligations of states and political subdivisions

 

 

110,711

 

 

3,328

 

 

(225)

 

 

113,814

 

 

 

$

210,642

 

$

3,532

 

$

(1,095)

 

$

213,079

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

16,526

 

$

 —

 

$

(414)

 

$

16,112

 

Mortgage-backed securities

 

 

77,210

 

 

228

 

 

(622)

 

 

76,816

 

Obligations of states and political subdivisions

 

 

114,157

 

 

3,265

 

 

(324)

 

 

117,098

 

 

 

$

207,893

 

$

3,493

 

$

(1,360)

 

$

210,026

 

 

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

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

 

    

Amortized

    

 

 

(Dollars in thousands)

 

Cost

 

Fair Value

 

Due in one year or less

 

$

29,291

 

$

29,397

 

Due after one year through five years

 

 

155,909

 

 

157,621

 

Due after five years through ten years

 

 

17,207

 

 

17,359

 

Due after ten years

 

 

8,235

 

 

8,702

 

 

 

$

210,642

 

$

213,079

 

 

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at March 31, 2017, 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

 

$

16,169

 

$

346

 

$

 —

 

$

 —

 

$

16,169

 

$

346

 

Mortgage-backed securities

 

 

56,137

 

 

523

 

 

616

 

 

 1

 

 

56,753

 

 

524

 

Obligations of states and political subdivisions

 

 

14,137

 

 

180

 

 

2,207

 

 

45

 

 

16,344

 

 

225

 

Total temporarily impaired securities

 

$

86,443

 

$

1,049

 

$

2,823

 

$

46

 

$

89,266

 

$

1,095

 

 

Securities in an unrealized loss position at December 31, 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

 

$

16,111

 

$

414

 

$

 —

 

$

 —

 

$

16,111

 

$

414

 

Mortgage-backed securities

 

 

54,227

 

 

621

 

 

671

 

 

 1

 

 

54,898

 

 

622

 

Obligations of states and political subdivisions

 

 

21,835

 

 

283

 

 

1,891

 

 

41

 

 

23,726

 

 

324

 

Total temporarily impaired securities

 

$

92,173

 

$

1,318

 

$

2,562

 

$

42

 

$

94,735

 

$

1,360