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Securities (Tables)
12 Months Ended
Dec. 31, 2015
Securities [Abstract]  
Book values and approximate fair values of investment securities
 

2015 

 

2014  

 

Amortized

 

Fair

 

Unrealized

 

Amortized

 

Fair

 

Unrealized

($ in thousands)

 

Cost

 

Value

 

Gains

 

(Losses)

 

Cost

 

Value

 

Gains

 

(Losses)

                     

Securities available for sale:

                               

  Government-sponsored enterprise securities

  $ 19,000   18,972   1   (29)   27,546   27,521   33   (58)

  Mortgage-backed securities

  122,474   121,553   348   (1,269)   130,073   129,510   751   (1,314)

  Corporate bonds

  25,216   24,946  

  (270)   1,000   865     (135)

  Equity securities

  88   143   64   (9)   89   122   46   (13)

Total available for sale

  $ 166,778   165,614   413   (1,577)   158,708   158,018   830   (1,520)
               

Securities held to maturity:

               

  Mortgage-backed securities

  $ 102,509   101,767     (742)  

124,924

 

124,861

 

45

 

(108)

  State and local governments

  52,101   55,379   3,284  

6

  53,763   57,550   3,787  

Total held to maturity

  $ 154,610   157,146   3,284   (748)   178,687   182,411   3,832   (108)
Schedule of information regarding securities with unrealized losses


($ in thousands)

 

Securities in an Unrealized
Loss Position for

Less than 12 Months

 

Securities in an Unrealized
Loss Position for

More than 12 Months

 

    Total

 


Fair Value

 

Unrealized
Losses

 

  Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

Government-sponsored enterprise securities

  $ 5,993   7   2,978   22   8,971   29

Mortgage-backed securities

  150,853   1,148   27,460   863   178,313   2,011

Corporate bonds

 

24,006

 

210

  940   60   24,946   270

Equity securities

 

 

  17   9   17   9

State and local governments

 

840

 

6

 

 

 

840

 

6

Total temporarily impaired securities

  $ 181,692   1,371   31,395   954   213,087   2,325

 


($ in thousands)

 

Securities in an Unrealized
Loss Position for

Less than 12 Months

 

Securities in an Unrealized
Loss Position for

More than 12 Months

 

    Total

 


Fair Value

 

Unrealized
Losses

 

  Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

Government-sponsored enterprise securities

  $ 5,489   11  

  2,953

 

  47

  8,442   58

Mortgage-backed securities

  69,985   318   33,557   1,104   103,542   1,422

Corporate bonds

 

 

  865   135   865   135

Equity securities

 

 

  17   13   17   13

State and local governments

     

 

   

Total temporarily impaired securities

  $ 75,474   329   37,392   1,299   112,866   1,628
Schedule of book values and approximate fair values of investment securities by contractual maturity
 

Securities Available for Sale

 

Securities Held to Maturity

 

Amortized

 

Fair

 

Amortized

 

Fair

($ in thousands)

 

Cost

 

Value

 

Cost

 

Value

       

Debt securities

               

Due within one year

  $  

  $ 835   839

Due after one year but within five years

  19,000   18,972   12,549   13,190

Due after five years but within ten years

 

20,216

 

20,026

  37,286   39,919

Due after ten years

  5,000   4,920   1,431   1,431

Mortgage-backed securities

  122,474   121,553   102,509   101,767

Total debt securities

  166,690   165,471   154,610   157,146
       

Equity securities

  88   143  

 

Total securities

  $ 166,778   165,614   $ 154,610   157,146