XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

Securities Available-for-Sale (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
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 as of June 30, 2021 and December 31, 2020.
|  |  |  |  |  |  |  |  |  |  |  |  | Allowance
|  |  |  |  |  |  |  |  |  |  |  |  | for
|  |  |  |  | Gross |  | Gross |  |  |  |  |  | Investment
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair |  |  | Credit
|  | Cost |  | Gains |  | Losses |  | Value |  |  | Losses
June 30, 2021 |  | (dollars in thousands) |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 34,649 |  | $ | 1,197 |  | $ | (73 | ) |  | $ | 35,773 |  |  | -
Residential mortgage pass-through  securities |  |  | 261,761 |  |  | 2,655 |  |  | (1,258 | ) |  |  | 263,158 |  |  | -
Commercial mortgage pass-through  securities |  |  | 8,886 |  |  | 202 |  |  | (293 | ) |  |  | 8,795 |  |  | -
Obligations of U.S. states and political subdivisions |  |  | 133,722 |  |  | 2,695 |  |  | (29 | ) |  |  | 136,388 |  |  | -
Corporate bonds and notes |  |  | 11,459 |  |  | 162 |  |  | - |  |  |  | 11,621 |  |  | -
Asset-backed securities |  |  | 2,874 |  |  | 10 |  |  | (4 | ) |  |  | 2,880 |  |  | -
Certificates of deposit |  |  | 150 |  |  | 1 |  |  | - |  |  |  | 151 |  |  | -
Other securities |  |  | 167 |  |  | - |  |  | - |  |  |  | 167 |  |  | -
Total securities available-for-sale​​ |  | $ | 453,668 |  | $ | 6,922 |  | $ | (1,657 | ) |  | $ | 458,933 |  | $ | -
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 37,015 |  | $ | 1,508 |  | $ | (65 | ) |  | $ | 38,458 |  |  | N/A
Residential mortgage pass-through  securities |  |  | 266,114 |  |  | 4,811 |  |  | (41 | ) |  |  | 270,884 |  |  | N/A
Commercial mortgage pass-through  securities |  |  | 6,906 |  |  | 203 |  |  | (187 | ) |  |  | 6,922 |  |  | N/A
Obligations of U.S. states and political subdivisions |  |  | 138,539 |  |  | 4,269 |  |  | - |  |  |  | 142,808 |  |  | N/A
Corporate bonds and notes |  |  | 24,925 |  |  | 222 |  |  | (52 | ) |  |  | 25,095 |  |  | N/A
Asset-backed securities |  |  | 3,521 |  |  | - |  |  | (41 | ) |  |  | 3,480 |  |  | N/A
Certificates of deposit |  |  | 149 |  |  | 2 |  |  | - |  |  |  | 151 |  |  | N/A
Other securities |  |  | 157 |  |  | - |  |  | - |  |  |  | 157 |  |  | N/A
Total securities available-for-sale​​ |  | $ | 477,326 |  | $ | 11,015 |  | $ | (386 | ) |  | $ | 487,955 |  |  | N/A
Investments Classified by Contractual Maturity Date [Table Text Block] | The following table presents information for investments in securities available-for-sale as of June 30, 2021, 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.
|  | June 30, 2021
|  | Amortized |  | Fair
|  | Cost |  | Value
|  | (dollars in thousands)
Securities available-for-sale: |  |  |  |  |  |
Due in one year or less |  | $ | 5,614 |  | $ | 5,637
Due after one year through five years |  |  | 11,193 |  |  | 11,353
Due after five years through ten years |  |  | 10,915 |  |  | 11,226
Due after ten years |  |  | 155,132 |  |  | 158,597
Residential mortgage pass-through securities |  |  | 261,761 |  |  | 263,158
Commercial mortgage pass-through securities |  |  | 8,886 |  |  | 8,795
Other securities |  |  | 167 |  |  | 167
Total securities available-for-sale |  | $ | 453,668 |  | $ | 458,933
Schedule of Realized Gain (Loss) [Table Text Block] | Gross gains and losses from the sales and redemptions of securities for periods presented were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  | (dollars in thousands) |
|  | 2021 |  | 2020 |  |  | 2021 |  | 2020 |
Proceeds |  | $ | 5,185 |  |  | $ | - |  |  | $ | 5,185 |  |  | $ | 19,624 |
Gross gains on sales/redemption of securities |  |  | 195 |  |  |  | - |  |  |  | 195 |  |  |  | 29 |
Gross losses on sales/redemptions of securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net gain on sales/redemptions of securities |  |  | 195 |  |  |  | - |  |  |  | 195 |  |  |  | 29 |
Less: tax provision on net gain |  |  | (48 | ) |  |  | - |  |  |  | (48 | ) |  |  | (6 | )
Net gain on sales/redemptions of securities, after tax |  | $ | 147 |  |  | $ | - |  |  | $ | 147 |  |  | $ | 23 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Impairment Analysis of Available-for-sale Debt Securities The following tables indicate gross unrealized losses for which an ACL has not been recorded, aggregated by investment category and by the length of continuous time individual securities have been in an unrealized loss position as of June 30, 2021 and December 31, 2020.
| June 30, 2021
| Total |  | Less than 12 Months |  | 12 Months or Longer
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
| (dollars in thousands)
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations | $ | 1,565 |  | $ | (73 | ) |  | $ | 1,565 |  | $ | (73 | ) |  | $ | - |  | $ | - |
Residential mortgage pass-through securities |  | 142,615 |  |  | (1,258 | ) |  |  | 142,615 |  |  | (1,258 | ) |  |  | - |  |  | - |
Commercial mortgage pass-through securities |  | 4,542 |  |  | (293 | ) |  |  | 4,542 |  |  | (293 | ) |  |  | - |  |  | - |
Obligations of U.S. states and political subdivisions |  | 28,654 |  |  | (29 | ) |  |  | 28,654 |  |  | (29 | ) |  |  | - |  |  | - |
Corporate bonds and notes |  | - |  |  | - |  |  |  | - |  |  | - |  |  |  | - |  |  | - |
Asset-backed securities |  | 567 |  |  | (4 | ) |  |  | - |  |  | - |  |  |  | 567 |  |  | (4 | )
Total temporarily impaired securities | $ | 177,943 |  | $ | (1,657 | ) |  | $ | 177,376 |  | $ | (1,653 | ) |  | $ | 567 |  | $ | (4 | )
| December 31, 2020
| Total |  | Less than 12 Months |  | 12 Months or Longer
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
| Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
| (dollars in thousands)
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations | $ | 8,978 |  | $ | (65 | ) |  | $ | 8,975 |  | $ | (65 | ) |  | $ | 3 |  | $ | - |
Residential mortgage pass-through securities |  | 20,895 |  |  | (41 | ) |  |  | 20,886 |  |  | (41 | ) |  |  | 9 |  |  | - |
Commercial mortgage pass-through securities |  | 3,954 |  |  | (187 | ) |  |  | 3,954 |  |  | (187 | ) |  |  | - |  |  | - |
Corporate bonds and notes |  | 3,928 |  |  | (52 | ) |  |  | 3,928 |  |  | (52 | ) |  |  | - |  |  | - |
Asset-backed securities |  | 3,083 |  |  | (41 | ) |  |  | 622 |  |  | - |  |  |  | 2,461 |  |  | (41 | )
Total Temporarily Impaired Securities | $ | 40,838 |  | $ | (386 | ) |  | $ | 38,365 |  | $ | (345 | ) |  | $ | 2,473 |  | $ | (41 | )

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: | dtr-types: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=123581744&loc=d3e27357-111563 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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=123581744&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration