Securities (Tables)

3 Months Ended

Mar. 31, 2018

Investments Debt And Equity Securities [Abstract]

The following table provides a summary of the Company’s securities AFS portfolio as of:

	Amortized		Gross Unrealized					Estimated
(dollars in thousands)	Cost		Gains		Losses			Fair Value
March 31, 2018:
US Treasury securities	$	499	$	—	$	(6	)	$	493
Agency mortgage-backed securities		453,596		—		(14,728	)		438,868
Beneficial interests in FHLMC securitization		34,608		1,927		(1,929	)		34,606
Corporate bonds		39,000		100		—			39,100
Total	$	527,703	$	2,027	$	(16,663	)	$	513,067

December 31, 2017:
US Treasury securities	$	499	$	—	$	(6	)	$	493
Agency mortgage-backed securities		471,131		287		(7,399	)		464,019
Corporate bonds		35,930		1,811		(1,889	)		35,852
Beneficial interests in FHLMC securitization		19,000		—		—			19,000
Total	$	526,560	$	2,098	$	(9,294	)	$	519,364

Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time

The table below indicates the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, for the periods indicated:

Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield

The scheduled maturities of securities AFS and the related weighted average yields were as follows for the periods indicated:

(dollars in thousands)	Less than 1 Year			1 Through 5 years			5 Through 10 Years			After 10 Years			Total
March 31, 2018
Amortized Cost:
US Treasury securities	$	—		$	499		$	—		$	—		$	499
Corporate bonds		—			—			19,000			20,000			39,000
Total		—			499			19,000			20,000			39,499
Weighted average yield		—	%		1.03	%		5.24	%		5.00	%		5.06	%
Estimated Fair Value:
US Treasury securities	$	—		$	493		$	—		$	—		$	493
Corporate bonds		—			—			19,000			20,100			39,100
Total	$	—		$	493		$	19,000		$	20,100		$	39,593

(dollars in thousands)	Less than 1 Year			1 Through 5 years			5 Through 10 Years			After 10 Years			Total
December 31, 2017
Amortized Cost:
US Treasury securities	$	—		$	499		$	—		$	—		$	499
Corporate bonds		—			—			19,000			—			19,000
Total		—			499			19,000			—			19,499
Weighted average yield		—	%		1.03	%		5.24	%		—	%		5.13	%
Estimated Fair Value:
US Treasury securities	$	—		$	493		$	—		$	—		$	493
Corporate bonds		—			—			19,000			—			19,000
Total	$	—		$	493		$	19,000		$	—		$	19,493

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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