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Securities (Tables)

9 Months Ended

Sep. 30, 2017

Securities [Abstract]

Book values and approximate fair values of investment securities

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

		September 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		$	9,000				8,992				1				(9	)			17,497				17,490				—				(7	)
Mortgage-backed securities			155,684				155,535				713				(862	)			151,001				148,065				155				(3,091	)
Corporate bonds			33,802				34,397				660				(65	)			33,833				33,600				91				(324	)
Equity securities			—				—				—				—				83				174				96				(5	)
Total available for sale		$	198,486				198,924				1,374				(936	)			202,414				199,329				342				(3,427	)
Securities held to maturity:
Mortgage-backed securities		$	67,708				67,529				15				(194	)			80,585				79,283				—				(1,302	)
State and local governments			55,448				57,349				1,908				(7	)			49,128				50,912				1,815				(31	)
Total held to maturity		$	123,156				124,878				1,923				(201	)			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 September 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		$	6,491				9				—				—				6,491				9
Mortgage-backed securities			110,437				555				24,250				501				134,687				1,056
Corporate bonds			—				—				935				65				935				65
State and local governments			—				—				813				7				813				7
Total temporarily impaired securities		$	116,928				564				25,998				573				142,926				1,137

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 September 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		$	—				—				1,872				1,883
Due after one year but within five years			10,008				10,037				23,907				24,681
Due after five years but within ten years			27,794				28,242				23,979				25,040
Due after ten years			5,000				5,110				5,690				5,745
Mortgage-backed securities			155,684				155,535				67,708				67,529
Total securities		$	198,486				198,924				123,156				124,878

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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