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SECURITIES AVAILABLE FOR SALE (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Fair Value and Corresponding Amounts of Gross Unrealized Gains and Losses
The following table summarizes amortized cost and fair value of securities available for sale at December 31, 2016 and 2015 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss). At December 31, 2016 and 2015 all investment securities were classified as available for sale.
 
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
December 31, 2016
 
 
 
 
 
 
 
U.S. Government Agencies
$
39,569

 
$
147

 
$
124

 
$
39,592

States and political subdivisions
163,677

 
1,782

 
1,177

 
164,282

U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities
116,022

 
928

 
6

 
116,944

GSE residential collateralized mortgage obligations (CMOs)
72,411

 
240

 
3,268

 
69,383

GSE commercial CMOs
5,148

 
0

 
292

 
4,856

Private label CMOs
5,042

 
0

 
36

 
5,006

Total debt securities
401,869

 
3,097

 
4,903

 
400,063

Equity securities
50

 
41

 
0

 
91

Totals
$
401,919

 
$
3,138

 
$
4,903

 
$
400,154

December 31, 2015
 
 
 
 
 
 
 
U.S. Government Agencies
$
47,209

 
$
200

 
$
182

 
$
47,227

States and political subdivisions
124,421

 
2,483

 
943

 
125,961

GSE residential mortgage-backed securities
132,389

 
229

 
269

 
132,349

GSE residential CMOs
15,668

 
215

 
40

 
15,843

GSE commercial CMOs
63,598

 
735

 
563

 
63,770

Private label CMOs
8,944

 
0

 
43

 
8,901

Total debt securities
392,229

 
3,862

 
2,040

 
394,051

Equity securities
50

 
23

 
0

 
73

Totals
$
392,279

 
$
3,885

 
$
2,040

 
$
394,124

Summary of Securities Available For Sale With Unrealized Losses
The following table summarizes securities available for sale with unrealized losses at December 31, 2016 and 2015, aggregated by major security type and length of time in a continuous unrealized loss position.
 
Less Than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
$
10,710

 
$
23

 
$
13,531

 
$
101

 
$
24,241

 
$
124

States and political subdivisions
58,924

 
610

 
5,075

 
567

 
63,999

 
1,177

GSE residential mortgage-backed securities
5,034

 
6

 
0

 
0

 
5,034

 
6

GSE residential CMOs
59,534

 
3,264

 
634

 
4

 
60,168

 
3,268

GSE commercial CMOs
4,856

 
292

 
0

 
0

 
4,856

 
292

Private label CMOs
0

 
0

 
5,005

 
36

 
5,005

 
36

Totals
$
139,058

 
$
4,195

 
$
24,245

 
$
708

 
$
163,303

 
$
4,903

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
$
27,640

 
$
182

 
$
0

 
$
0

 
$
27,640

 
$
182

States and political subdivisions
30,252

 
373

 
14,139

 
570

 
44,391

 
943

GSE residential mortgage-backed securities
82,911

 
269

 
0

 
0

 
82,911

 
269

GSE residential CMOs
0

 
0

 
4,237

 
40

 
4,237

 
40

GSE commercial CMOs
33,606

 
563

 
0

 
0

 
33,606

 
563

Private label CMOs
8,901

 
43

 
0

 
0

 
8,901

 
43

Totals
$
183,310

 
$
1,430

 
$
18,376

 
$
610

 
$
201,686

 
$
2,040

Summary of Amortized Cost and Fair Value by Contractual Maturity
The following table summarizes amortized cost and fair value of securities available for sale at December 31, 2016 by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
 
 
Available for Sale
(Dollars in thousands)
Amortized Cost
 
Fair Value
 
 
 
 
Due in one year or less
$
15

 
$
15

Due after one year through five years
7,157

 
7,258

Due after five years through ten years
72,205

 
72,817

Due after ten years
123,869

 
123,784

Mortgage-backed securities and CMOs
198,623

 
196,189

Total debt securities
401,869

 
400,063

Equity securities
50

 
91

Totals
$
401,919

 
$
400,154