Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Securities Reconciliation

The amortized cost and fair value of securities available-for-sale are summarized as follows (in thousands):



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2019:
U.S. Government-sponsored enterprises (GSEs)	$	24,031	$	22	$	(65	)	$	23,988
Municipal securities	56,251		492		(17		)	56,726
Other debt securities	979		—		(42		)	937
Mortgage-backed securities (GSEs)	92,718		154		(409		)	92,463
	$	173,979	$	668	$	(533	)	$	174,114



December 31, 2018:
U.S. Government-sponsored enterprises (GSEs)	$	44,117	$	12	$	(626	)	$	43,503
Municipal securities	55,248		276		(363		)	55,161
Other debt securities	977		—		(67		)	910
Mortgage-backed securities (GSEs)	103,875		153		(1,914		)	102,114
	$	204,217	$	441	$	(2,970	)	$	201,688

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at June 30, 2019, by contractual maturity for non-mortgage backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Amortized Cost		Fair Value
Due in one year or less	$	294	$	297
Due from one year to five years	16,000		15,935
Due from five years to ten years	13,302		13,283
Due after ten years	51,665		52,136
	81,261		81,651
Mortgage-backed securities	92,718		92,463
	$	173,979	$	174,114

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale have been in a continuous unrealized loss position (in thousands):



	Less than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
June 30, 2019:
U.S. Government- sponsored enterprises (GSEs)	$	—	$	—		$	10,935	$	(65	)	$	10,935	$	(65	)
Municipal securities	—		—			2,021		(17		)	2,021		(17		)
Other debt securities	—		—			937		(42		)	937		(42		)
Mortgage-backed securities (GSEs)	5,165		(20		)	43,805		(389		)	48,970		(409		)
	$	5,165	$	(20	)	$	57,698	$	(513	)	$	62,863	$	(533	)



December 31, 2018:
U.S. Government- sponsored enterprises (GSEs)	$	14,763	$	(237	)	$	13,728	$	(389	)	$	28,491	$	(626	)
Municipal securities	16,455		(150		)	4,767		(213		)	21,222		(363		)
Other debt securities	—		—			910		(67		)	910		(67		)
Mortgage-backed securities (GSEs)	10,516		(155		)	69,884		(1,759		)	80,400		(1,914		)
	$	41,734	$	(542	)	$	89,289	$	(2,428	)	$	131,023	$	(2,970	)

Schedule of Temporarily Impaired Securities

At June 30, 2019, the categories of temporarily impaired securities in an unrealized loss position twelve months or greater are as follows (dollars in thousands):



	Gross Unrealized Loss			Number of Securities
U.S. Government-sponsored enterprises (GSEs)	$	(65	)	3
Municipal securities	(17		)	4
Other debt securities	(42		)	1
Mortgage-backed securities (GSEs)	(389		)	47
	$	(513	)	55

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):



	June 30, 2019		December 31, 2018
Federal Reserve Bank stock	$	7,909	$	7,010
Federal Home Loan Bank stock	4,646		4,139
First National Bankers Bank stock	350		350
	$	12,905	$	11,499