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Securities (Tables)

3 Months Ended

Mar. 31, 2019

Securities [Abstract]

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at March 31, 2019 and December 31, 2018 are summarized as follows:

		March 31, 2019																December 31, 2018
		Amortized				Fair				Unrealized								Amortized				Fair				Unrealized
($ in thousands)		Cost				Value				Gains				(Losses)				Cost				Value				Gains				(Losses)
Securities available for sale:
Government-sponsored enterprise securities		$	78,995				78,887				84				(192	)			82,995				82,662				63				(396	)
Mortgage-backed securities			533,360				526,948				1,089				(7,501	)			396,995				385,551				39				(11,483	)
Corporate bonds			33,741				33,774				203				(170	)			33,751				33,138				76				(689	)
Total available for sale		$	646,096				639,609				1,376				(7,863	)			513,741				501,351				178				(12,568	)
Securities held to maturity:
Mortgage-backed securities		$	49,361				48,291				—				(1,070	)			52,048				50,241				—				(1,807	)
State and local governments			41,542				41,989				465				(18	)			49,189				49,665				525				(49	)
Total held to maturity		$	90,903				90,280				465				(1,088	)			101,237				99,906				525				(1,856	)

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at March 31, 2019:

($ 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		$	—				—				18,808				192				18,808				192
Mortgage-backed securities			70,478				346				298,133				8,225				368,611				8,571
Corporate bonds			2,480				60				9,049				110				11,529				170
State and local governments			—				—				5,823				18				5,823				18
Total temporarily impaired securities		$	72,958				406				331,813				8,545				404,771				8,951

The following table presents information regarding securities with unrealized losses at December 31, 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		$	4,921				78				13,682				318				18,603				396
Mortgage-backed securities			82,525				351				294,305				12,939				376,830				13,290
Corporate bonds			20,704				433				5,817				256				26,521				689
State and local governments			595				1				6,641				48				7,236				49
Total temporarily impaired securities		$	108,745				863				320,445				13,561				429,190				14,424

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 March 31, 2019, 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		$	—				—				865				868
Due after one year but within five years			105,196				105,195				26,571				26,860
Due after five years but within ten years			2,540				2,480				12,427				12,559
Due after ten years			5,000				4,986				1,679				1,702
Mortgage-backed securities			533,360				526,948				49,361				48,291
Total securities		$	646,096				639,609				90,903				90,280

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.

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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=118939692&loc=d3e27290-111563

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