Investment Securities (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Available-for-Sale Securities Reconciliation

The following table provides information on the amortized cost and estimated fair values of investment securities.


			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
June 30, 2018
U.S. Government agencies	$	42,578	$	7	$	858	$	41,727
Mortgage-backed		138,111		132		4,404		133,839
Total	$	180,689	$	139	$	5,262	$	175,566

December 31, 2017
U.S. Government agencies	$	45,806	$	23	$	497	$	45,332
Mortgage-backed		152,198		157		1,390		150,965
Equity		666		-		8		658
Total	$	198,670	$	180	$	1,895	$	196,955

The Company adopted ASU 2016-01 effective January 1, 2018 and equity securities with an aggregate fair value of $652 thousand at
June 30, 2018 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $(13) thousand
for the six months ended June 30, 2018.

Held-to-maturity securities:
June 30, 2018
U.S. Government agencies	$	1,766	$	-	$	10	$	1,756
States and political subdivisions		1,402		24		-		1,426
Other Debt securities (1)		3,000		-		20		2,980
Total	$	6,168	$	24	$	30	$	6,162

December 31, 2017
U.S. Government agencies	$	1,844	$	21	$	-	$	1,865
States and political subdivisions		1,403		47		-		1,450
Other Debt securities (1)		3,000		76		-		3,076
Total	$	6,247	$	144	$	-	$	6,391

On December 15, 2016, the Company bought $3.0 million in subordinated notes with a fixed to floating rate of 6.5% from a local regional bank which it intends to hold to maturity of December 30, 2026.

Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at June 30, 2018 and December 31, 2017.


	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
June 30, 2018
Available-for-sale securities:
U.S. Government agencies	$	34,287	$	702	$	6,845	$	156	$	41,132	$	858
Mortgage-backed		90,504		2,813		35,001		1,591		125,505		4,404
Total	$	124,791	$	3,515	$	41,846	$	1,747	$	166,637	$	5,262

Held-to-maturity securities:
U.S. Government agencies	$	2,979	$	20	$	1,756	$	10	$	4,735	$	30


	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
December 31, 2017
Available-for-sale securities:
U.S. Government agencies	$	37,550	$	453	$	5,956	$	44	$	43,506	$	497
Mortgage-backed		96,622		700		28,215		690		124,837		1,390
Equity securities		-		-		666		8		666		8
Total	$	134,172	$	1,153	$	34,837	$	742	$	169,009	$	1,895

Schedule of Securities Debt Maturities

The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at June 30, 2018.


	Available for sale				Held to maturity
	Amortized				Amortized
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	8,001	$	7,975	$	-	$	-
Due after one year through five years		34,608		33,748		901		918
Due after five years through ten years		51,945		50,293		3,501		3,488
Due after ten years		86,135		83,550		1,766		1,756
Total	$	180,689	$	175,566	$	6,168	$	6,162