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Commitments, Contingencies, and Concentrations of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of outstanding loan commitments

The following table presents the Company’s outstanding loan commitments at December 31, 2017.

 

($ in millions)            
             
Type of Commitment  Fixed Rate   Variable Rate   Total 
Outstanding closed-end loan commitments  $225    456    681 
Unfunded commitments on revolving lines of credit, credit cards and home equity loans   144    513    657 
     Total  $369    969    1,338 
Schedule of maximum credit risk for securities

The following are the fair values at December 31, 2017 of securities to any one issuer/guarantor that exceed $2.0 million, with such amounts representing the maximum amount of credit risk that the Company would incur if the issuer did not repay the obligation.

 

($ in thousands)

Issuer

  Amortized Cost   Fair Value 
Fannie Mae – mortgage-backed securities  $154,606    153,561 
Freddie Mac – mortgage-backed securities   107,712    106,722 
Ginnie Mae – mortgage-backed securities   63,812    63,030 
Small Business Administration securities   34,821    34,378 
Federal Home Loan Bank of Atlanta -  common stock   19,647    19,647 
Federal Reserve Bank  - common stock   11,691    11,691 
Bank of America corporate bonds   7,000    7,153 
Federal Home Loan Bank System - bonds   6,500    6,440 
Citigroup, Inc. corporate bonds   6,035    6,096 
North Carolina State municipal bonds   5,589    5,608 
Goldman Sachs Group Inc. corporate bond   5,090    5,132 
JP Morgan Chase corporate bond   5,022    5,075 
Fannie Mae – bond   5,000    4,945 
Financial Institutions, Inc. corporate bond   4,000    4,175 
Spartanburg, South Carolina Sanitary Sewer District municipal bonds   3,851    3,982 
Craven County, North Carolina municipal bonds   3,532    3,623 
Wells Fargo & Company corporate bond   3,096    3,124 
Eagle Bancorp corporate bond   2,549    2,500 
Freddie Mac – bond   2,500    2,482 
South Carolina State municipal bonds   2,179    2,312 
Cary, North Carolina municipal bonds   2,023    2,049 
Virginia State Housing Authority municipal bond   2,003    2,010