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Securities (Tables)

12 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of fair value of securities

The fair value of equity securities and the related gross unrealized gains and losses recognized in noninterest income at December 31 were as follows: 

2018

Gross

Gross

(Dollars in thousands)

Amortized

Unrealized

Unrealized

Fair

Cost

Gains

Losses

Value

Equity securities

$

2,502

459

(114

)

2,847

Schedule of fair value of securities available for sale

The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at December 31 were as follows:

		2018
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	34,079			$	1			$	(551	)		$	33,529
U.S. Treasury notes and bonds			1,992				—				(45	)			1,947
State and municipal			104,317				544				(933	)			103,928
Mortgage-backed			21,654				126				(205	)			21,575
Corporate			5,147				1				(46	)			5,102
Trust preferred securities			500				—				—				500
Asset-backed securities			21				—				—				21
Total		$	167,710			$	672			$	(1,780	)		$	166,602

		2017
						Gross				Gross
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
U.S. Government and federal agency		$	35,518			$	—			$	(392	)		$	35,126
U.S. Treasury notes and bonds			1,991				—				(31	)			1,960
State and municipal			99,609				910				(471	)			100,048
Mortgage-backed			9,943				8				(131	)			9,820
Corporate			5,184				2				(35	)			5,151
Equity securities			2,583				309				—				2,892
Trust preferred securities			500				—				—				500
Asset-backed securities			95				—				(1	)			94
Total		$	155,423			$	1,229			$	(1,061	)		$	155,591

Schedule of sales of equity securities and securities available for sale

Information regarding sales of equity securities and securities available for sale for the year ended December 31 follows:

(Dollars in thousands)
		2018				2017				2016
Proceeds from sales of securities		$	2,725			$	57,628			$	15,317
Gross realized gains			42				184				312
Gross realized losses			8				464				—

Schedule of contractual maturities of equity securities and securities available for sale

Contractual maturities of equity securities and securities available for sale at December 31, 2018 were as follows: 

(Dollars in thousands)		Amortized				Fair
		Cost				Value
Due within one year		$	30,224			$	30,390
Due after one year through five years			69,299				68,809
Due after five years through ten years			44,108				43,895
Due after ten years			2,425				1,933
Total debt securities			146,056				145,027
Mortgage-backed securities			21,654				21,575
Equity securities			2,502				2,847
Total		$	170,212			$	169,449

Schedule of securities pledged as collateral

The carrying amount of securities pledged as collateral at December 31 was as follows:

(Dollars in thousands)		2018				2017
Securities pledged for securities sold under agreements to repurchase		$	—			$	9,902
Security pledged for Community Reinvestment Act credits			257				262
Total		$	257			$	10,164

Schedule of securities in a continuous unrealized loss position

Securities with unrealized losses at year-end 2018 and 2017, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

		2018
		Less than 12 months								More than 12 months								Total
(Dollars in thousands)		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
U.S. Government and federal agency		$	—			$	—			$	31,499			$	(551	)		$	31,499			$	(551	)
U.S. Treasury notes and bonds			—				—				1,947				(45	)			1,947				(45	)
State and municipal			9,726				(36	)			56,763				(897	)			66,489				(933	)
Mortgage-backed			5,384				(28	)			7,443				(177	)			12,827				(205	)
Corporate			—				—				4,604				(46	)			4,604				(46	)
Equity securities			886				(114	)			—				—				886				(114	)
Total temporarily impaired		$	15,996			$	(178	)		$	102,256			$	(1,716	)		$	118,252			$	(1,894	)

		2017
		Less than 12 months								More than 12 months								Total
(Dollars in thousands)		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		Value				Losses				Value				Losses				Value				Losses
U.S. Government and federal agency		$	20,297			$	(190	)		$	9,798			$	(202	)		$	30,095			$	(392	)
U.S. Treasury notes and bonds			1,960				(31	)			—				—				1,960				(31	)
State and municipal			38,887				(319	)			6,889				(152	)			45,776				(471	)
Mortgage-backed			8,481				(104	)			838				(27	)			9,319				(131	)
Corporate			2,471				(17	)			687				(18	)			3,158				(35	)
Asset-backed securities			—				—				94				(1	)			94				(1	)
Total temporarily impaired		$	72,096			$	(661	)		$	18,306			$	(400	)		$	90,402			$	(1,061	)

Schedule of unrealized gains and losses on equity securities

Following is information regarding unrealized gains and losses on equity securities for the year ending December 31, 2018: 

		2018
New gains and losses recognized during the period		$	71
Less: Net gains and losses recognized during the period on securities sold			9
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date		$	62

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