XML 120 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

The following tables present information related to the Company’s portfolio of securities available-for-sale at December 31, 2019 and 2018.

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(dollars in thousands)
December 31, 2019
Investment securities available-for-sale
Federal agency obligations		$	27,667			$	612			$	(42)			$	28,237
Residential mortgage pass-through securities			199,611				1,528				(643)				200,496
Commercial mortgage pass-through securities			4,995				37				(35)				4,997
Obligations of U.S. states and political subdivisions			134,500				2,411				(392)				136,519
Corporate bonds and notes			28,142				285				(45)				28,382
Asset-backed securities			5,845				-				(65)				5,780
Certificates of deposit			148				2				-				150
Other securities			140				-				-				140
Total securities available-for-sale		$	401,048			$	4,875			$	(1,222)			$	404,701

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
December 31, 2018		(dollars in thousands)
Investment securities available-for-sale
Federal agency obligations		$	45,509			$	51			$	(605)			$	44,955
Residential mortgage pass-through securities			189,721				85				(4,602)				185,204
Commercial mortgage pass-through securities			3,919				-				(45)				3,874
Obligations of U.S. states and political subdivisions			141,496				1,091				(3,402)				139,185
Corporate bonds and notes			26,308				45				(540)				25,813
Asset-backed securities			9,685				22				(16)				9,691
Certificates of deposit			319				3				-				322
Other securities			2,990				-				-				2,990
Total securities available-for-sale		$	419,947			$	1,297			$	(9,210)			$	412,034

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents information for investments in securities available-for-sale at December 31, 2019, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

		December 31, 2019
		Amortized Cost				Fair Value
		(dollars in thousands)
Investment Securities Available-for-Sale:
Due in one year or less		$	4,119			$	4,131
Due after one year through five years			28,355				28,644
Due after five years through ten years			26,247				27,000
Due after ten years			137,581				139,293
Residential mortgage pass-through securities			199,611				200,496
Commercial mortgage pass-through securities			4,995				4,997
Other securities			140				140
Total securities available-for-sale		$	401,048			$	404,701

Schedule of Realized Gain (Loss) [Table Text Block]

Gross gains and losses from the sales, calls, and maturities of investment securities for the years ended December 31, 2019, 2018 and 2017 were as follows:

		Years Ended December 31,
		2019				2018				2017
		(dollars in thousands)
Proceeds		$	183,728			$	-			$	29,543
Gross gains on sales of investment securities		$	401			$	-			$	1,596
Gross losses on sales of investment securities			(681	)			-				-
Net (losses) gains on sales of investment securities			(280	)			-				1,596
Tax provision on net gains			79				-				(579	)
Net (losses) gains on sales of investment securities, after tax		$	(201	)		$	-			$	1,017

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at December 31, 2019 and 2018. There were no investments held-to-maturity as of December 31, 2019 and 2018.

		December 31, 2019
		Total								Less than 12 Months								12 Months or Longer
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(dollars in thousands)
Investment Securities Available-for-Sale:
Federal agency obligation		$	6,512			$	(42	)		$	6,498			$	(42	)		$	14			$	-
Residential mortgage pass-through securities			94,980				(643	)			49,154				(179	)			45,826				(464	)
Commercial mortgage pass-through securities			2,006				(35	)			2,006				(35	)			-				-
Obligations of U.S. states and political subdivisions			34,775				(392	)			10,306				(8	)			24,469				(384	)
Corporate bonds and notes			5,437				(45	)			2,478				(23	)			2,959				(22	)
Asset-backed securities			5,718				(65	)			2,268				(22	)			3,450				(43	)
Total Temporarily Impaired Securities		$	149,428			$	(1,222	)		$	72,710			$	(309	)		$	76,718			$	(913	)

		December 31, 2018
		Total								Less than 12 Months								12 Months or Longer
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(dollars in thousands)
Investment Securities Available-for-Sale:
Federal agency obligation		$	35,472			$	(605	)		$	810			$	(1	)		$	34,662			$	(604	)
Residential mortgage pass-through securities			178,365				(4,602	)			42,040				(393	)			136,325				(4,209	)
Commercial mortgage pass-through securities			3,874				(45	)			-				-				3,874				(45	)
Obligations of U.S. states and political subdivisions			64,367				(3,402	)			7,765				(21	)			56,602				(3,381	)
Corporate bonds and notes			15,534				(540	)			7,767				(133	)			7,767				(407	)
Asset-backed securities			3,957				(16	)			2,219				(11	)			1,738				(5	)
Total Temporarily Impaired Securities		$	301,569			$	(9,210	)		$	60,601			$	(559	)		$	240,968			$	(8,651	)

X

- Definition

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

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unrealized gains and losses on investments.

+ References

No definition available.

+ Details

Name:	us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration