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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

16,514

 

$

 —

 

$

(341)

 

$

16,173

 

Mortgage-backed securities

 

 

97,677

 

 

142

 

 

(761)

 

 

97,058

 

Obligations of states and political subdivisions

 

 

103,977

 

 

2,022

 

 

(254)

 

 

105,745

 

 

 

$

218,168

 

$

2,164

 

$

(1,356)

 

$

218,976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

 

    

Amortized

    

 

    

Amortized

    

 

 

(Dollars in thousands)

 

Cost

 

Fair Value

 

Cost

 

Fair Value

 

Due in one year or less

 

$

40,247

 

$

40,460

 

$

28,039

 

$

28,042

 

Due after one year through five years

 

 

159,444

 

 

159,571

 

 

149,487

 

 

151,102

 

Due after five years through ten years

 

 

15,254

 

 

15,452

 

 

22,122

 

 

22,271

 

Due after ten years

 

 

3,223

 

 

3,493

 

 

8,245

 

 

8,611

 

 

 

$

218,168

 

$

218,976

 

$

207,893

 

$

210,026

 

 

Schedule of gross realized gains and losses on and the proceeds from the sale, maturities and calls of securities

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(Dollars in thousands)

    

2017

    

2016

 

 

2015

Realized gains (losses) from sales of securities:

 

 

 

 

 

 

 

 

 

Gross realized gains

 

$

 —

 

$

61

 

$

 —

Gross realized losses

 

 

 —

 

 

(26)

 

 

 —

Net realized gains

 

$

 —

 

$

35

 

$

 —

Proceeds from sales of securities

 

$

 —

 

$

917

 

$

 —

 

 

 

 

 

 

 

 

 

 

Realized gains from maturities and calls of securities:

 

 

 

 

 

 

 

 

 

Gross realized gains

 

$

10

 

$

17

 

$

29

Gross realized losses

 

 

 —

 

 

 —

 

 

 —

Net realized gains

 

$

10

 

$

17

 

$

29

Proceeds from maturities, calls and paydowns of securities

 

$

41,520

 

$

56,438

 

$

36,450

 

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at December 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

 

$

2,972

 

$

31

 

$

13,201

 

$

310

 

$

16,173

 

$

341

 

Mortgage-backed securities

 

 

57,116

 

 

341

 

 

22,545

 

 

420

 

 

79,661

 

 

761

 

Obligations of states and political subdivisions

 

 

18,644

 

 

117

 

 

9,363

 

 

137

 

 

28,007

 

 

254

 

Total temporarily impaired securities

 

$

78,732

 

$

489

 

$

45,109

 

$

867

 

$

123,841

 

$

1,356

 

 

 

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