Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

Amortized cost and fair value of securities at June 30, 2019, and December 31, 2018, were as follows:



In thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

SECURITIES AVAILABLE FOR SALE

JUNE 30, 2019
U.S. Government and agencies	$	117,743	$	740	$	474	$	118,009
Mortgage-backed securities, residential	48,160		890		8		49,042
State and municipal	8,587		79		5		8,661
	$	174,490	$	1,709	$	487	$	175,712

DECEMBER 31, 2018
U.S. Government and agencies	$	120,420	$	142	$	2,149	$	118,413
Mortgage-backed securities, residential	33,960		194		343		33,811
State and municipal	9,482		60		36		9,506
	$	163,862	$	396	$	2,528	$	161,730

SECURITIES HELD TO MATURITY

JUNE 30, 2019
U.S. Government and agencies	$	7,000	$	6	$	12	$	6,994
Mortgage-backed securities, residential	17,722		69		13		17,778
	$	24,722	$	75	$	25	$	24,772
DECEMBER 31, 2018
U.S. Government and agencies	$	7,000	$	—	$	69	$	6,931
Mortgage-backed securities, residential	20,266		4		290		19,980
	$	27,266	$	4	$	359	$	26,911

The required fair value disclosures are as follows:



In thousands	Fair Value at January 1, 2019		Unrealized Gains		Unrealized Losses		Fair Value at June 30, 2019
JUNE 30, 2019
CRA Mutual Fund	$	1,012	$	30	$	—	$	1,042
Stock in other banks	827		132		—		959
	$	1,839	$	162	$	—	$	2,001



In thousands	Fair Value at January 1, 2018		Unrealized Gains		Unrealized Losses		Fair Value at June 30, 2018
JUNE 30, 2018
CRA Mutual Fund	$	1,044	$	—	$	32	$	1,012
Stock in other banks	749		22		16		755
	$	1,793	$	22	$	48	$	1,767



In thousands	Fair Value at January 1, 2018		Unrealized Gains		Unrealized Losses		Fair Value at December 31, 2018
DECEMBER 31, 2018
CRA Mutual Fund	$	1,044	$	—	$	32	$	1,012
Stock in other banks	749		247		169		827
	$	1,793	$	247	$	201	$	1,839

Schedule of unrealized losses and fair value

The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2019, and December 31, 2018:



	Less than 12 Months				12 Months or More				Total
In thousands	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

SECURITIES AVAILABLE FOR SALE

JUNE 30, 2019
U.S. Government and agencies	$	—	$	—	$	64,265	$	474	$	64,265	$	474
Mortgage-backed securities, residential	—		—		2,893		8		2,893		8
State and municipal	—		—		1,308		5		1,308		5
	$	—	$	—	$	68,466	$	487	$	68,466	$	487

DECEMBER 31, 2018
U.S. Government and agencies	$	1,997	$	5	$	87,216	$	2,144	$	89,213	$	2,149
Mortgage-backed securities, residential	9,410		134		8,586		209		17,996		343
State and municipal	—		—		2,696		36		2,696		36
	$	11,407	$	139	$	98,498	$	2,389	$	109,905	$	2,528

SECURITIES HELD TO MATURITY

JUNE 30, 2019
U.S. Government and agencies	$	—	$	—	$	4,988	$	12	$	4,988	$	12
Mortgage-backed securities, residential	—		—		7,727		13		7,727		13
	$	—	$	—	$	12,715	$	25	$	12,715	$	25

DECEMBER 31, 2018
U.S. Government and agencies	$	2,975	$	25	$	3,956	$	44	$	6,931	$	69
Mortgage-backed securities, residential	5,408		59		12,636		231		18,044		290
	$	8,383	$	84	$	16,592	$	275	$	24,975	$	359

Schedule of amortized cost and fair value by contractual maturity

Amortized cost and fair value at June 30, 2019, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.



	Available for Sale				Held to Maturity
In thousands	Amortized Cost		Fair Value		Amortized Cost		Fair Value

1 year or less	$	9,613	$	9,603	$	5,000	$	4,988
Over 1 year through 5 years	116,518		116,866		2,000		2,006
Over 5 years through 10 years	199		201		—		—
Over 10 years	—		—		—		—
Mortgage-backed securities, residential	48,160		49,042		17,722		17,778
	$	174,490	$	175,712	$	24,722	$	24,772