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Securities (Tables)
6 Months Ended
Jun. 30, 2020
Securities  
Summary of available for sale debt securities

June 30, 2020

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

37,068

$

153

$

(16)

$

37,205

Mortgage-backed securities

 

102,749

 

3,500

 

 

106,249

Obligations of states and political subdivisions

 

101,361

 

2,321

 

(3)

 

103,679

$

241,178

$

5,974

$

(19)

$

247,133

December 31, 2019

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

21,454

$

3

$

(17)

$

21,440

Mortgage-backed securities

 

85,649

 

979

 

(43)

 

86,585

Obligations of states and political subdivisions

 

80,656

 

1,111

 

(59)

 

81,708

$

187,759

$

2,093

$

(119)

$

189,733

Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity

June 30, 2020

 

    

Amortized

    

 

(Dollars in thousands)

Cost

Fair Value

 

Due in one year or less

$

63,267

$

63,568

Due after one year through five years

 

139,191

 

143,546

Due after five years through ten years

 

36,488

 

37,698

Due after ten years

 

2,232

 

2,321

$

241,178

$

247,133

Schedule of gross realized gains and losses and the proceeds

Three Months Ended June 30, 

Six Months Ended June 30, 

(Dollars in thousands)

    

2020

    

2019

    

2020

2019

Realized gains from sales, maturities and calls of securities:

Gross realized gains

$

3

$

1

$

7

$

5

Gross realized losses

 

 

 

 

Net realized gains

$

3

$

1

$

7

$

5

Proceeds from sales, maturities, calls and paydowns of securities

$

31,717

$

17,982

$

70,780

$

33,639

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at June 30, 2020, 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

$

14,320

$

16

$

$

$

14,320

$

16

Mortgage-backed securities

 

 

 

 

 

Obligations of states and political subdivisions

 

1,412

 

3

 

 

 

1,412

 

3

Total temporarily impaired securities

$

15,732

$

19

$

$

$

15,732

$

19

Securities in an unrealized loss position at December 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

$

6,256

$

11

$

4,094

$

6

$

10,350

$

17

Mortgage-backed securities

4,099

 

7

 

10,166

 

36

 

14,265

 

43

Obligations of states and political subdivisions

 

9,187

 

53

 

1,368

 

6

 

10,555

 

59

Total temporarily impaired securities

$

19,542

$

71

$

15,628

$

48

$

35,170

$

119