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Securities (Tables)

6 Months Ended

Jun. 30, 2017

Securities [Abstract]

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at June 30, 2017 and December 31, 2016 are summarized as follows:

		June 30, 2017																December 31, 2016
		Amortized				Fair				Unrealized								Amortized				Fair				Unrealized
($ in thousands)		Cost				Value				Gains				(Losses)				Cost				Value				Gains				(Losses)
Securities available for sale:
Government-sponsored enterprise securities		$	16,498				16,498				7				(7	)			17,497				17,490				—				(7	)
Mortgage-backed securities			156,934				156,601				647				(980	)			151,001				148,065				155				(3,091	)
Corporate bonds			33,812				34,397				650				(65	)			33,833				33,600				91				(324	)
Equity securities			—				—				—				—				83				174				96				(5	)
Total available for sale		$	207,244				207,496				1,304				(1,052	)			202,414				199,329				342				(3,427	)
Securities held to maturity:
Mortgage-backed securities		$	72,257				72,005				10				(262	)			80,585				79,283				—				(1,302	)
State and local governments			55,609				57,692				2,090				(7	)			49,128				50,912				1,815				(31	)
Total held to maturity		$	127,866				129,697				2,100				(269	)			129,713				130,195				1,815				(1,333	)

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at June 30, 2017:

($ 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		$	7,991				7				—				—				7,991				7
Mortgage-backed securities			131,117				865				16,909				377				148,026				1,242
Corporate bonds			—				—				935				65				935				65
State and local governments			817				7				—				—				817				7
Total temporarily impaired securities		$	139,925				879				17,844				442				157,769				1,321

The following table presents information regarding securities with unrealized losses at December 31, 2016:

($ 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		$	7,990				7				—				—				7,990				7
Mortgage-backed securities			196,999				3,841				19,001				552				216,000				4,393
Corporate bonds			27,027				259				935				65				27,962				324
Equity securities			—				—				7				5				7				5
State and local governments			801				31				—				—				801				31
Total temporarily impaired securities		$	232,817				4,138				19,943				622				252,760				4,760

Schedule of book values and approximate fair values of investment securities by contractual maturity

The book values and approximate fair values of investment securities at June 30, 2017, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

		Securities Available for Sale								Securities Held to Maturity
		Amortized				Fair				Amortized				Fair
($ in thousands)		Cost				Value				Cost				Value
Debt securities
Due within one year		$	—				—				1,873				1,888
Due after one year but within five years			16,498				16,498				23,718				24,580
Due after five years but within ten years			28,812				29,287				24,251				25,405
Due after ten years			5,000				5,110				5,767				5,819
Mortgage-backed securities			156,934				156,601				72,257				72,005
Total securities		$	207,244				207,496				127,866				129,697

X

- Definition

Schedule of investment securities which includes, but is not limited to, amortized cost basis, fair value, and gross unrealized gain (loss) values by type of security.

+ References

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563

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