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Securities (Tables)

6 Months Ended

Jun. 30, 2018

Securities [Abstract]

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at June 30, 2018 and December 31, 2017 are summarized as follows:

		June 30, 2018																December 31, 2017
		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				18,537				—				(463	)			14,000				13,867				—				(133	)
Mortgage-backed securities			292,809				282,287				48				(10,570	)			297,690				295,213				246				(2,722	)
Corporate bonds			33,772				33,244				64				(592	)			33,792				34,190				512				(114	)
Total available for sale		$	345,581				334,068				112				(11,625	)			345,482				343,270				758				(2,969	)
Securities held to maturity:
Mortgage-backed securities		$	57,807				55,832				—				(1,975	)			63,829				63,092				—				(737	)
State and local governments			50,458				51,236				836				(58	)			54,674				55,906				1,280				(48	)
Total held to maturity		$	108,265				107,068				836				(2,033	)			118,503				118,998				1,280				(785	)

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at June 30, 2018:

($ 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		$	15,615				385				2,922				78				18,537				463
Mortgage-backed securities			224,713				8,050				110,958				4,495				335,671				12,545
Corporate bonds			25,697				530				938				62				26,635				592
State and local governments			9,360				58				—				—				9,360				58
Total temporarily impaired securities		$	275,385				9,023				114,818				4,635				390,203				13,658

The following table presents information regarding securities with unrealized losses at December 31, 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		$	10,897				103				2,970				30				13,867				133
Mortgage-backed securities			192,702				1,582				125,060				1,877				317,762				3,459
Corporate bonds			2,500				49				935				65				3,435				114
State and local governments			7,928				48				—				—				7,928				48
Total temporarily impaired securities		$	214,027				1,782				128,965				1,972				342,992				3,754

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, 2018, 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
Securities
Due within one year		$	—				—				3,248				3,276
Due after one year but within five years			40,227				39,324				28,348				28,815
Due after five years but within ten years			7,545				7,460				17,066				17,355
Due after ten years			5,000				4,997				1,796				1,790
Mortgage-backed securities			292,809				282,287				57,807				55,832
Total securities		$	345,581				334,068				108,265				107,068

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-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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