XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.19.2

Investment Securities | 6 Months Ended
--- | ---
Jun. 30, 2019
Investment Securities [Abstract] |
Investment Securities | Note 4 – Investment Securities The following tables provide information on the amortized cost and estimated fair values of debt securities.
|  |  |  |  | Gross |  | Gross |  | Estimated
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(Dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Value
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 34,125 |  | $ | 4 |  | $ | 110 |  | $ | 34,019
Mortgage-backed |  |  | 111,520 |  |  | 361 |  |  | 490 |  |  | 111,391
Total |  | $ | 145,645 |  | $ | 365 |  | $ | 600 |  | $ | 145,410
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 34,285 |  | $ | 2 |  | $ | 651 |  | $ | 33,636
Mortgage-backed |  |  | 124,162 |  |  | 115 |  |  | 3,481 |  |  | 120,796
Total |  | $ | 158,447 |  | $ | 117 |  | $ | 4,132 |  | $ | 154,432
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 1,504 |  | $ | 10 |  | $ | — |  | $ | 1,514
States and political subdivisions |  |  | 1,401 |  |  | 5 |  |  | — |  |  | 1,406
Other Debt securities |  |  | 3,000 |  |  | — |  |  | 33 |  |  | 2,967
Total |  | $ | 5,905 |  | $ | 15 |  | $ | 33 |  | $ | 5,887
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 1,642 |  | $ | — |  | $ | 25 |  | $ | 1,617
States and political subdivisions |  |  | 1,401 |  |  | 14 |  |  | — |  |  | 1,415
Other Debt securities |  |  | 3,000 |  |  | — |  |  | 32 |  |  | 2,968
Total |  | $ | 6,043 |  | $ | 14 |  | $ | 57 |  | $ | 6,000
The Company adopted ASU 2016-01 effective January 1, 2018 and equity securities with an aggregate fair value of $1.3 million at June 30, 2019 and December 31, 2018 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $41 for the six months ended June 30, 2019 and $(13) thousand for six months ended June 30, 2018, respectively. 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, 2019 and December 31, 2018.
|  | 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, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | — |  | $ | — |  | $ | 30,018 |  | $ | 110 |  | $ | 30,018 |  | $ | 110
Mortgage-backed |  |  | — |  |  | — |  |  | 59,065 |  |  | 490 |  |  | 59,065 |  |  | 490
Total |  | $ | — |  | $ | — |  | $ | 89,083 |  | $ | 600 |  | $ | 89,083 |  | $ | 600
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other debt securities |  |  | 2,967 |  |  | 33 |  |  | — |  |  | — |  |  | 2,967 |  |  | 33
Total |  | $ | 2,967 |  | $ | 33 |  | $ | — |  | $ | — |  | $ | 2,967 |  | $ | 33
|  | 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, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 1,079 |  | $ | 10 |  | $ | 32,362 |  | $ | 641 |  | $ | 33,441 |  | $ | 651
Mortgage-backed |  |  | 13,981 |  |  | 261 |  |  | 99,904 |  |  | 3,220 |  |  | 113,885 |  |  | 3,481
Total |  | $ | 15,060 |  | $ | 271 |  | $ | 132,266 |  | $ | 3,861 |  | $ | 147,326 |  | $ | 4,132
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  |  | — |  |  | — |  |  | 1,617 |  |  | 25 |  |  | 1,617 |  |  | 25
Other debt securities |  |  | 2,968 |  |  | 32 |  |  | — |  |  | — |  |  | 2,968 |  |  | 32
Total |  | $ | 2,968 |  | $ | 32 |  | $ | 1,617 |  | $ | 25 |  | $ | 4,585 |  | $ | 57
All of the securities with unrealized losses in the portfolio have modest duration risk, low credit risk, and minimal losses when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since original purchase. Because the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be at maturity for debt securities, the Company considers the unrealized losses to be temporary. There were forty-six available-for-sale securities and two held-to-maturity securities in an unrealized loss position at June 30, 2019. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at June 30, 2019.
|  | Available for sale |  | Held to maturity
|  | Amortized |  |  |  |  | Amortized |  |  |
(Dollars in thousands) |  | Cost |  | Fair Value |  | Cost |  | Fair Value
Due in one year or less |  | $ | 5,996 |  | $ | 5,978 |  | $ | 500 |  | $ | 503
Due after one year through five years |  |  | 28,874 |  |  | 28,780 |  |  | 400 |  |  | 401
Due after five years through ten years |  |  | 59,748 |  |  | 59,787 |  |  | 3,501 |  |  | 3,469
Due after ten years |  |  | 51,027 |  |  | 50,865 |  |  | 1,504 |  |  | 1,514
Total |  | $ | 145,645 |  | $ | 145,410 |  | $ | 5,905 |  | $ | 5,887
The maturity dates for debt securities are determined using contractual maturity dates.

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 The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration