XML 42 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Securities (Tables)
 3 Months Ended
Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]  
Summary of the Amortized Cost and Fair Value of Available-for-Sale Investment Securities Corresponding Amounts of Unrealized Gains and Losses

The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolio at March 31, 2018 and December 31, 2017 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income:

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

(In Thousands of Dollars)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

 

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and U.S. government sponsored entities

$

6,166

 

 

$

0

 

 

$

(137

)

 

$

6,029

 

State and political subdivisions

 

191,491

 

 

 

1,728

 

 

 

(3,185

)

 

 

190,034

 

Corporate bonds

 

1,184

 

 

 

0

 

 

 

(23

)

 

 

1,161

 

Mortgage-backed securities - residential

 

162,503

 

 

 

37

 

 

 

(5,244

)

 

 

157,296

 

Collateralized mortgage obligations - residential

 

17,151

 

 

 

0

 

 

 

(1,018

)

 

 

16,133

 

Small Business Administration

 

14,249

 

 

 

0

 

 

 

(506

)

 

 

13,743

 

Totals

$

392,744

 

 

$

1,765

 

 

$

(10,113

)

 

$

384,396

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

(In Thousands of Dollars)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

 

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and U.S. government sponsored entities

$

8,986

 

 

$

0

 

 

$

(69

)

 

$

8,917

 

State and political subdivisions

 

188,032

 

 

 

3,614

 

 

 

(643

)

 

 

191,003

 

Corporate bonds

 

1,238

 

 

 

4

 

 

 

(8

)

 

 

1,234

 

Mortgage-backed securities - residential

 

161,635

 

 

 

419

 

 

 

(1,604

)

 

 

160,450

 

Collateralized mortgage obligations - residential

 

17,898

 

 

 

0

 

 

 

(777

)

 

 

17,121

 

Small Business Administration

 

14,608

 

 

 

0

 

 

 

(396

)

 

 

14,212

 

Totals

$

392,397

 

 

$

4,037

 

 

$

(3,497

)

 

$

392,937

 

 
Amortized Cost and Fair Value of the Debt Securities Maturity

The amortized cost and fair value of the debt securities portfolio are shown by expected maturity.  Expected maturities may differ from contractual maturities if issuers 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.

 

 

 

March 31, 2018

 

(In Thousands of Dollars)

 

Amortized Cost

 

 

Fair Value

 

Maturity

 

 

 

 

 

 

 

 

Within one year

 

$

11,302

 

 

$

11,255

 

One to five years

 

 

47,214

 

 

 

47,035

 

Five to ten years

 

 

123,704

 

 

 

123,070

 

Beyond ten years

 

 

16,621

 

 

 

15,864

 

Mortgage-backed, collateralized mortgage obligations and Small

   Business Administration securities

 

 

193,903

 

 

 

187,172

 

Total

 

$

392,744

 

 

$

384,396

 

 
Investment Securities with Unrealized Losses

The following table summarizes the investment securities with unrealized losses at March 31, 2018 and December 31, 2017, aggregated by major security type and length of time in a continuous unrealized loss position.

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

(In Thousands of Dollars)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Value

 

 

Loss

 

 

Value

 

 

Loss

 

 

Value

 

 

Loss

 

March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and U.S. government sponsored entities

$

4,175

 

 

$

(79

)

 

$

1,854

 

 

$

(58

)

 

$

6,029

 

 

$

(137

)

State and political subdivisions

 

70,499

 

 

 

(2,019

)

 

 

24,947

 

 

 

(1,166

)

 

 

95,446

 

 

 

(3,185

)

Corporate bonds

 

784

 

 

 

(12

)

 

 

377

 

 

 

(11

)

 

 

1,161

 

 

 

(23

)

Mortgage-backed securities - residential

 

104,615

 

 

 

(2,671

)

 

 

50,549

 

 

 

(2,573

)

 

 

155,164

 

 

 

(5,244

)

Collateralized mortgage obligations - residential

 

1,609

 

 

 

(37

)

 

 

14,524

 

 

 

(981

)

 

 

16,133

 

 

 

(1,018

)

Small Business Administration

 

0

 

 

 

0

 

 

 

13,716

 

 

 

(506

)

 

 

13,716

 

 

 

(506

)

Total

$

181,682

 

 

$

(4,818

)

 

$

105,967

 

 

$

(5,295

)

 

$

287,649

 

 

$

(10,113

)

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

(In Thousands of Dollars)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Value

 

 

Loss

 

 

Value

 

 

Loss

 

 

Value

 

 

Loss

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and U.S. government sponsored entities

$

3,970

 

 

$

(34

)

 

$

1,912

 

 

$

(35

)

 

$

5,882

 

 

$

(69

)

State and political subdivisions

 

33,188

 

 

 

(220

)

 

 

25,721

 

 

 

(423

)

 

 

58,909

 

 

 

(643

)

Corporate bonds

 

397

 

 

 

(3

)

 

 

383

 

 

 

(5

)

 

 

780

 

 

 

(8

)

Mortgage-backed securities - residential

 

40,072

 

 

 

(400

)

 

 

53,760

 

 

 

(1,204

)

 

 

93,832

 

 

 

(1,604

)

Collateralized mortgage obligations - residential

 

1,701

 

 

 

(22

)

 

 

15,420

 

 

 

(755

)

 

 

17,121

 

 

 

(777

)

Small Business Administration

 

0

 

 

 

0

 

 

 

14,182

 

 

 

(396

)

 

 

14,182

 

 

 

(396

)

Total

$

79,328

 

 

$

(679

)

 

$

111,378

 

 

$

(2,818

)

 

$

190,706

 

 

$

(3,497

)