XML 58 R19.htm IDEA: XBRL DOCUMENT
v3.19.3

SECURITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract] |
Schedule of fair value of securities and related gross unrealized gains and losses recognized in noninterest income | The fair value of equity securities at fair value and the related gross unrealized gains recognized in noninterest income were as follows:
|  |  |  |  | September 30, 2019 |  |  |  |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Equity securities |  | $ | 2,164 |  |  | $ | 335 |  |  | $ | — |  |  | $ | 2,499 |
|  |  |  |  | December 31, 2018 |  |  |  |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Equity securities |  | $ | 2,502 |  |  | $ | 459 |  |  | $ | (114 | ) |  | $ | 2,847 |
Schedule of fair value of securities available for sale and related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) | The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:
|  |  |  |  | September 30, 2019 |  |  |  |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Government and federal agency |  | $ | 23,035 |  |  | $ | 23 |  |  | $ | (9 | ) |  | $ | 23,049 |
U.S. Treasury |  |  | 1,994 |  |  |  | 18 |  |  |  | — |  |  |  | 2,012 |
State and municipal |  |  | 97,824 |  |  |  | 2,932 |  |  |  | (4 | ) |  |  | 100,752 |
Mortgage-backed |  |  | 24,542 |  |  |  | 747 |  |  |  | (3 | ) |  |  | 25,286 |
Corporate |  |  | 2,648 |  |  |  | 34 |  |  |  | (3 | ) |  |  | 2,679 |
Foreign debt |  |  | 500 |  |  |  | — |  |  |  | — |  |  |  | 500 |
Trust preferred securities |  |  | 500 |  |  |  | — |  |  |  | — |  |  |  | 500 |
Total |  | $ | 151,043 |  |  | $ | 3,754 |  |  | $ | (19 | ) |  | $ | 154,778 |
|  |  |  |  | December 31, 2018 |  |  |  |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. Government and federal agency |  | $ | 34,079 |  |  | $ | 1 |  |  | $ | (551 | ) |  | $ | 33,529 |
U.S. Treasury |  |  | 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 |
Schedule of maturities, fair value and weighted average yields of securities | Presented below is a schedule of maturities of securities as of September 30, 2019, the fair value of securities as of September 30, 2019 and December 31, 2018, and the weighted average yields of securities as of September 30, 2019:
|  | Securities maturing within: |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Fair Value |  |  | Fair Value |
|  | Less than |  |  | 1 Year - |  |  | 5 Years - |  |  | More |  |  | at September 30, |  |  | at December 31, |
(Dollars in thousands) |  | 1 Year |  |  | 5 Years |  |  | 10 Years |  |  | 10 Years |  |  | 2019 |  |  | 2018 |
U.S. Government and federal agency |  | $ | 21,017 |  |  | $ | 2,032 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,049 |  |  | $ | 33,529 |
U.S. Treasury notes and bonds |  |  | — |  |  |  | 2,012 |  |  |  | — |  |  |  | — |  |  |  | 2,012 |  |  |  | 1,947 |
State and municipal |  |  | 13,709 |  |  |  | 49,671 |  |  |  | 35,367 |  |  |  | 2,005 |  |  |  | 100,752 |  |  |  | 103,928 |
Corporate |  |  | — |  |  |  | 2,679 |  |  |  | — |  |  |  | — |  |  |  | 2,679 |  |  |  | 5,102 |
Foreign debt |  |  | 500 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 500 |  |  |  | — |
Trust preferred securities |  |  | 500 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 500 |  |  |  | 500 |
Asset-backed securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21 |
Total debt securities |  |  | 35,726 |  |  |  | 56,394 |  |  |  | 35,367 |  |  |  | 2,005 |  |  |  | 129,492 |  |  |  | 145,027 |
Mortgage-backed securities |  |  | — |  |  |  | 19,164 |  |  |  | 6,122 |  |  |  | — |  |  |  | 25,286 |  |  |  | 21,575 |
Equity securities (1) |  |  | — |  |  |  | — |  |  |  | 1,000 |  |  |  | 1,499 |  |  |  | 2,499 |  |  |  | 2,847 |
Total |  | $ | 35,726 |  |  | $ | 75,558 |  |  | $ | 42,489 |  |  | $ | 3,504 |  |  | $ | 157,277 |  |  | $ | 169,449 |
|  | Weighted average yields: |  |  |  |
|  | Less than |  |  | 1 Year - |  |  | 5 Years - |  |  | More |  |  |  |  |  |  |
|  | 1 Year |  |  | 5 Years |  |  | 10 Years |  |  | 10 Years |  |  | Total |  |  |  |
U.S. Government and federal agency |  |  | 1.99 | % |  |  | 1.98 | % |  |  | — | % |  |  | — | % |  |  | 1.99 | % |  |  |  |
U.S. Treasury notes and bonds |  |  | — |  |  |  | 1.85 |  |  |  | — |  |  |  | — |  |  |  | 1.85 |  |  |  |  |
State and municipal (2) |  |  | 2.73 |  |  |  | 2.85 |  |  |  | 3.21 |  |  |  | 0.64 |  |  |  | 2.91 |  |  |  |  |
Corporate |  |  | — |  |  |  | 2.66 |  |  |  | — |  |  |  | — |  |  |  | 2.66 |  |  |  |  |
Foreign debt |  |  | 2.27 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.27 |  |  |  |  |
Trust preferred securities |  |  | 6.00 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6.00 |  |  |  |  |
Mortgage-backed securities |  |  | — |  |  |  | 3.24 |  |  |  | 2.97 |  |  |  | — |  |  |  | 3.18 |  |  |  |  |
Equity securities (1) |  |  | — |  |  |  | — |  |  |  | 4.61 |  |  |  | — |  |  |  | 1.54 |  |  |  |  |
(1) Equity securities are preferred and common stock that may or may not have a stated maturity. (2) The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental rate of 21%.
Schedule of unrealized gains and losses on equity securities | Following is information regarding unrealized gains and losses on equity securities for the three- and nine-month periods ending September 30:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net gains and losses recognized during the period |  | $ | (146 | ) |  | $ | 113 |  |  | $ | 119 |  |  | $ | 161 |
Less: Net gains and losses recognized during the period on securities sold |  |  | (2 | ) |  |  | — |  |  |  | 4 |  |  |  | 9 |
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date |  | $ | (144 | ) |  | $ | 113 |  |  | $ | 115 |  |  | $ | 152 |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration