XML 37 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1

Investment Securities (Tables)

9 Months Ended

Sep. 30, 2018

Securities Financing Transactions Disclosures [Abstract]

Unrealized Gain (Loss) on Investments

The amortized cost, fair value, and unrealized gains and losses on investment securities at September 30, 2018 and December 31, 2017 are as follows:

(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
September 30, 2018
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies		$	40,590			$	—			$	2,640			$	37,950
Mortgage-backed U.S. government agencies			41,677				-				1,490				40,187
State and political subdivision obligations			33,306				54				2,213				31,147
Corporate debt securities			1,250				-				7				1,243
Total available-for-sale debt securities			116,823				54				6,350				110,527
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies			16,480				5				261				16,224
Mortgage-backed U.S. government agencies			69,344				2				1,998				67,348
State and political subdivision obligations			84,154				19				2,157				82,016
Corporate debt securities			1,543				—				11				1,532
Total held-to-maturity debt securities			171,521				26				4,427				167,120
Total		$	288,344			$	80			$	10,777			$	277,647

(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
December 31, 2017
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies		$	40,125			$	—			$	1,395			$	38,730
Mortgage-backed U.S. government agencies			26,398				2				569				25,831
State and political subdivision obligations			27,775				7				739				27,043
Corporate debt securities			1,350				5				—				1,355
Total available-for-sale debt securities			95,648				14				2,703				92,959
Available-for-sale equity securities:
Equity securities			550				—				44				506
Total available-for-sale equity securities			550				—				44				506
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies			10,984				—				90				10,894
Mortgage-backed U.S. government agencies			53,472				—				523				52,949
State and political subdivision obligations			36,900				41				301				36,640
Total held-to-maturity debt securities			101,356				41				914				100,483
Total		$	197,554			$	55			$	3,661			$	193,948

Schedule of Gross Realized Gains (Losses) on Sales of Available-For-Sale Securities

Gross realized gains and losses on sales of available-for-sale debt securities for the three and nine months ended September 30, 2018 and 2017 are shown in the table below.

(Dollars in thousands)	Three Months Ended September 30,										Nine Months Ended September 30,
	2018					2017					2018					2017
Realized gains		$	30				$	46				$	141			$	246
Realized losses			-					(24	)				(9	)			(204	)
Net gains		$	30				$	22				$	132			$	42

Schedule of Fair Value and Unrealized Loss on Investments in a Continuous Unrealized Loss Position

The following tables present gross unrealized losses and fair value of debt security investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017.

(Dollars in thousands)		Less Than 12 Months										12 Months or More												Total
		Number										Number												Number
		of		Fair				Unrealized				of				Fair				Unrealized				of		Fair				Unrealized
September 30, 2018		Securities		Value				Losses				Securities				Value				Losses				Securities		Value				Losses
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies		1		$	484			$	4			21				$	37,466			$	2,636			22		$	37,950			$	2,640
Mortgage-backed U.S. government agencies		12			18,385				360			18					21,777				1,130			30			40,162				1,490
State and political subdivision obligations		14			7,144				285			45					20,283				1,928			59			27,427				2,213
Corporate debt securities		1			993				7				—				—				—			1			993				7
Total temporarily impaired available-for-sale debt securities		28			27,006				656			84					79,526				5,694			112			106,532				6,350
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies		4			9,313				206			2					4,942				55			6			14,255				261
Mortgage-backed U.S. government agencies		35			49,974				1,279			12					16,406				719			47			66,380				1,998
State and political subdivision obligations		171			69,513				1,730			20					7,147				427			191			76,660				2,157
Corporate debt securities		1			1,532				11				—				—				—			1			1,532				11
Total temporarily impaired held-to-maturity debt securities		211			130,332				3,226			34					28,495				1,201			245			158,827				4,427
Total		239		$	157,338			$	3,882			118				$	108,021			$	6,895			357		$	265,359			$	10,777

(Dollars in thousands)		Less Than 12 Months												12 Months or More										Total
		Number												Number										Number
		of				Fair				Unrealized				of		Fair			Unrealized					of		Fair				Unrealized
December 31, 2017		Securities				Value				Losses				Securities		Value			Losses					Securities		Value				Losses
Available-for-sale securities:
U.S. Treasury and U.S. government agencies		3				$	5,008			$	184			18		$	33,722			$	1,211			21		$	38,730			$	1,395
Mortgage-backed U.S. government agencies		4					5,267				75			15			20,497				494			19			25,764				569
State and political subdivision obligations		11					6,144				102			40			19,091				637			51			25,235				739
Equity securities			—				—				—			1			506				44			1			506				44
Total temporarily impaired available-for-sale securities		18				$	16,419			$	361			74		$	73,816			$	2,386			92		$	90,235			$	2,747
Held-to-maturity securities:
U.S. Treasury and U.S. government agencies			—				—				—			4			10,894				90			4			10,894				90
Mortgage-backed U.S. government agencies			—				—				—			35			52,949				523			35			52,949				523
State and political subdivision obligations			—				—				—			77			29,976				301			77			29,976				301
Total temporarily impaired held to maturity securities		0					—				—			116			93,819				914			116			93,819				914
Total		18				$	16,419			$	361			190		$	167,635			$	3,300			208		$	184,054			$	3,661

Investments Classified by Contractual Maturity Date

The table below illustrates the maturity distribution of investment securities at amortized cost and fair value as of September 30, 2018.

(Dollars in thousands)		Available-for-sale								Held-to-maturity
		Amortized				Fair				Amortized				Fair
September 30, 2018		Cost				Value				Cost				Value
Due in 1 year or less		$	-			$	-			$	3,084			$	3,080
Due after 1 year but within 5 years			19,586				18,828				15,466				15,163
Due after 5 years but within 10 years			43,451				40,271				82,415				80,337
Due after 10 years			12,109				11,241				1,212				1,192
			75,146				70,340				102,177				99,772
Mortgage-backed securities			41,677				40,187				69,344				67,348
		$	116,823			$	110,527			$	171,521			$	167,120

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

- 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=82897076&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=82897076&loc=d3e27290-111563

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_SecuritiesFinancingTransactionsDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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