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Securities (Tables)
 12 Months Ended
Dec. 31, 2018
Marketable Securities [Abstract]  
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities
This table provides the major components of securities available for sale (“AFS”) and held to maturity (“HTM”) at amortized cost and estimated fair value at December 31, 2018 and December 31, 2017:
 
 
December 31, 2018
 
December 31, 2017
(In thousands)
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
Available for sale:
 
 
 
 
 
 
 
 
 
 

 
 

 
 

 
 

U.S. Government sponsored entities  
 
$
5,758

 
$
—

 
$
(116
)
 
$
5,642

 
$
5,765

 
$
—

 
$
(74
)
 
$
5,691

State and political subdivisions    
 
4,614

 
4

 
(120
)
 
4,498

 
5,227

 
21

 
(56
)
 
5,192

Residential mortgage-backed securities    
 
27,159

 
74

 
(620
)
 
26,613

 
32,111

 
153

 
(386
)
 
31,878

Corporate and other securities
 
10,231

 
123

 
(394
)
 
9,960

 
9,660

 
9

 
(143
)
 
9,526

Total securities available
for sale
 
$
47,762

 
$
201

 
$
(1,250
)
 
$
46,713

 
$
52,763

 
$
183

 
$
(659
)
 
$
52,287

Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
2,527

 
$
—

 
$
(94
)
 
$
2,433

 
$
3,026

 
$
—

 
$
(93
)
 
$
2,933

State and political subdivisions    
 
951

 
110

 
—

 
1,061

 
1,113

 
144

 
—

 
1,257

Residential mortgage-backed securities    
 
3,312

 
17

 
(52
)
 
3,277

 
3,958

 
59

 
(18
)
 
3,999

Commercial mortgage-backed securities    
 
3,570

 
—

 
(138
)
 
3,432

 
3,685

 
—

 
(142
)
 
3,543

Corporate and other securities
 
4,515

 
84

 
—

 
4,599

 
4,525

 
89

 
—

 
4,614

Total securities held to
maturity
 
$
14,875

 
$
211

 
$
(284
)
 
$
14,802

 
$
16,307

 
$
292

 
$
(253
)
 
$
16,346

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity securities
 
$
2,394

 
$
—

 
$
(250
)
 
$
2,144

 
$
1,262

 
$
15

 
$
(71
)
 
$
1,206
Schedule of Marketable Securities By Contractual Maturity
This table provides the remaining contractual maturities and yields of securities within the investment portfolios. The carrying value of securities at December 31, 2018 is distributed by contractual maturity. Mortgage-backed securities and other securities, which may have principal prepayment provisions, are distributed based on contractual maturity. Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls.
 
 
Within one year
 
After one through five years
 
After five through ten years
 
After ten years
 
Total carrying value
(In thousands, except percentages)
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
 
Amount
 
Yield
Available for sale at fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
—

 
—
%
 
$
3,678

 
1.61
%
 
$
1,964

 
2.17
%
 
$
—

 
—
%
 
$
5,642

 
1.80
%
State and political subdivisions    
 
184

 
2.43

 
796

 
3.89

 
2,200

 
2.44

 
1,318

 
2.74

 
4,498

 
2.78

Residential mortgage-backed securities    
 
—

 
—

 
572

 
2.00

 
2,742

 
2.39

 
23,299

 
2.93

 
26,613

 
2.85

Corporate and other securities
 
—

 
—

 
3,715

 
3.48

 
6,245

 
4.62

 
—

 
—

 
9,960

 
4.19

Total securities available
for sale
 
$
184

 
2.43
%
 
$
8,761

 
2.64
%
 
$
13,151

 
3.42
%
 
$
24,617

 
2.92
%
 
$
46,713

 
3.01
%
Held to maturity at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
—

 
—
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
2,527

 
1.98
%
 
$
2,527

 
1.98
%
State and political subdivisions    
 
—

 
—

 
—

 
—

 
494

 
5.07

 
457

 
5.84

 
951

 
5.44

Residential mortgage-backed securities    
 
—

 
—

 
50

 
5.22

 
442

 
3.13

 
2,820

 
3.60

 
3,312

 
3.57

Commercial mortgage-backed securities    
 
—

 
—

 
—

 
—

 
—

 
—

 
3,570

 
2.72

 
3,570

 
2.72

Corporate and other securities
 
—

 
—

 
—

 
—

 
4,515

 
5.73

 
—

 
—

 
4,515

 
5.73

Total securities held to
maturity
 
$
—

 
—
%
 
$
50

 
5.22
%
 
$
5,451

 
5.46
%
 
$
9,374

 
2.94
%
 
$
14,875

 
3.87
%
Equity securities at fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity securities
 
$
—

 
—
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
2,144

 
1.26
%
 
$
2,144

 
1.26
%
Schedule of Marketable Securities In Unrealized Loss Position
The fair value of securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2018 and December 31, 2017 are as follows:
 
 
December 31, 2018
 
 
 
 
Less than 12 months
 
12 months and greater
 
Total
(In thousands, except number in a loss position)
 
Total number in a loss position
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
Available for sale:
 
 
 
 

 
 

 
 

 
 
 
 

 
 

U.S. Government sponsored entities  
 
5
 
$
—

 
$
—

 
$
5,642

 
$
(116
)
 
$
5,642

 
$
(116
)
State and political subdivisions    
 
4
 
—

 
—

 
3,129

 
(120
)
 
3,129

 
(120
)
Residential mortgage-backed securities    
 
31
 
4,445

 
(23
)
 
20,480

 
(597
)
 
24,925

 
(620
)
Corporate and other securities
 
5
 
971

 
(30
)
 
5,787

 
(364
)
 
6,758

 
(394
)
Total temporarily impaired securities
 
45
 
$
5,416

 
$
(53
)
 
$
35,038

 
$
(1,197
)
 
$
40,454

 
$
(1,250
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
2
 
$
—

 
$
—

 
$
2,434

 
$
(94
)
 
$
2,434

 
$
(94
)
Residential mortgage-backed securities    
 
5
 
1,277

 
(15
)
 
821

 
(37
)
 
2,098

 
(52
)
Commercial mortgage-backed securities    
 
2
 
—

 
—

 
3,432

 
(138
)
 
3,432

 
(138
)
Total temporarily impaired securities
 
9
 
$
1,277

 
$
(15
)
 
$
6,687

 
$
(269
)
 
$
7,964

 
$
(284
)
 
 
December 31, 2017
 
 
 
 
Less than 12 months
 
12 months and greater
 
Total
(In thousands, except number in a loss position)
 
Total number in a loss position
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
 
Estimated fair value
 
Unrealized loss
Available for sale:
 
 
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government sponsored entities  
 
5
 
$
3,732

 
$
(40
)
 
$
1,958

 
$
(34
)
 
$
5,690

 
$
(74
)
State and political subdivisions    
 
2
 
476

 
(6
)
 
1,792

 
(50
)
 
2,268

 
(56
)
Residential mortgage-backed securities    
 
22
 
20,646

 
(218
)
 
4,028

 
(168
)
 
24,674

 
(386
)
Corporate and other securities
 
7
 
4,563

 
(30
)
 
2,803

 
(184
)
 
7,366

 
(214
)
Total temporarily impaired securities
 
36
 
$
29,417

 
$
(294
)
 
$
10,581

 
$
(436
)
 
$
39,998

 
$
(730
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
2
 
$
—

 
$
—

 
$
2,933

 
$
(93
)
 
$
2,993

 
$
(93
)
Residential mortgage-backed securities    
 
2
 
—

 
—

 
979

 
(18
)
 
979

 
(18
)
Commercial mortgage-backed securities    
 
2
 
—

 
—

 
3,543

 
(142
)
 
3,543

 
(142
)
Total temporarily impaired securities
 
6
 
$
—

 
$
—

 
$
7,455

 
$
(253
)
 
$
7,455

 
$
(253
)
Schedule of Realized Gains (Losses) for Marketable Securities
Gross realized gains and losses on securities for the past three years are detailed in the table below:
 
 
For the years ended December 31,
(In thousands)
 
2018
 
2017
 
2016
Available for sale:
 
 

 
 

 
 
Realized gains
 
$
—

 
$
89

 
$
302

Realized losses
 
(4
)
 
(61
)
 
(1
)
Total securities available for sale
 
(4
)
 
28

 
301

Held to maturity:
 
 
 
 
 
 
Realized gains
 
—

 
38

 
123

Realized losses
 
—

 
(4
)
 
—

Total securities held to maturity
 
—

 
34

 
123

Net (losses) gains on sales of securities
 
$
(4
)
 
$
62

 
$
424
Debt Securities, Trading, and Equity Securities, FV-NI
The following is a summary of the realized gains and losses recognized in net income on equity securities during the year:
 
 
For the year ended December 31,
(In thousands)
 
2018
Net losses recognized during the period on equity securities
 
(195
)
Less: Net (losses) gains recognized during the period on equity securities sold during the period
 
—

Unrealized losses recognized during the reporting period on equity securities still held at the reporting date
 
(195
)