XML 42 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

SECURITIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Amortized cost and estimated fair value of securities available for sale | Amortized cost and estimated fair value of securities available for sale are as follows (in thousands):
|  | March 31, 2020
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Mortgage-backed securities, residential |  | $ | 227,180 |  |  | $ | 8,025 |  |  | $ | 206 |  |  | $ | 234,999 |
Obligations of states and political subdivisions |  | 40,984 |  |  | 1,641 |  |  | — |  |  | 42,625 |
Corporate bonds and notes |  | 250 |  |  | — |  |  | — |  |  | 250 |
SBA loan pools |  | 21,181 |  |  | 91 |  |  | 71 |  |  | 21,201 |
Total |  | $ | 289,595 |  |  | $ | 9,757 |  |  | $ | 277 |  |  | $ | 299,075 |
|  | December 31, 2019
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Mortgage-backed securities, residential |  | 225,029 |  |  | 1,471 |  |  | 1,266 |  |  | 225,234 |
Obligations of states and political subdivisions |  | 41,265 |  |  | 1,580 |  |  | — |  |  | 42,845 |
Corporate bonds and notes |  | 250 |  |  | — |  |  | — |  |  | 250 |
SBA loan pools |  | 15,712 |  |  | 95 |  |  | 46 |  |  | 15,761 |
Total |  | $ | 282,256 |  |  | $ | 3,146 |  |  | $ | 1,312 |  |  | $ | 284,090 |
Amortized cost and estimated fair value of securities held to maturity | Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands):
|  | March 31, 2020
|  | Amortized Cost |  | Unrecognized Gains |  | Unrecognized Losses |  | Estimated Fair Value
Obligations of states and political subdivisions |  | $ | 931 |  |  | $ | — |  |  | $ | — |  |  | $ | 931 |
Time deposits with other financial institutions |  | 2,070 |  |  | 23 |  |  | — |  |  | 2,093 |
Total |  | $ | 3,001 |  |  | $ | 23 |  |  | $ | — |  |  | $ | 3,024 |
|  | December 31, 2019
|  | Amortized Cost |  | Unrecognized Gains |  | Unrecognized Losses |  | Estimated Fair Value
Obligations of states and political subdivisions |  | $ | 1,045 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,045 |
Time deposits with other financial institutions |  | 2,070 |  |  | 24 |  |  | — |  |  | 2,094 |
Total |  | $ | 3,115 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 3,139 |
Amortized cost and estimated fair value of debt securities by contractual maturity | The amortized cost and estimated fair value of debt securities are shown below by expected maturity. Expected maturities may differ from contractual maturities if borrowers 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 (in thousands):
|  | March 31, 2020
|  | Available for Sale |  | Held to Maturity
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year |  | $ | 475 |  |  | $ | 475 |  |  | $ | 1,480 |  |  | $ | 1,484 |
After one, but within five years |  | 10,439 |  |  | 10,779 |  |  | 1,521 |  |  | 1,540 |
After five, but within ten years |  | 29,271 |  |  | 30,541 |  |  | — |  |  | — |
After ten years |  | 1,049 |  |  | 1,080 |  |  | — |  |  | — |
|  | 41,234 |  |  | 42,875 |  |  | 3,001 |  |  | 3,024 |
Mortgage-backed securities, residential |  | 227,180 |  |  | 234,999 |  |  | — |  |  | — |
SBA loan pools |  | 21,181 |  |  | 21,201 |  |  | — |  |  | — |
Total |  | $ | 289,595 |  |  | $ | 299,075 |  |  | $ | 3,001 |  |  | $ | 3,024 |
Investment securities available for sale in an unrealized loss position | he following tables summarize the investment securities available for sale with unrealized losses at March 31, 2020 and December 31, 2019 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):
| Less than 12 months |  | 12 months or longer |  | Total
March 31, 2020 | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities, residential | $ | 5,168 |  |  | $ | 114 |  |  | $ | 3,875 |  |  | $ | 92 |  |  | $ | 9,043 |  |  | $ | 206 |
SBA loan pools | 6,009 |  |  | 37 |  |  | 1,338 |  |  | 34 |  |  | 7,347 |  |  | 71 |
Total temporarily impaired securities | $ | 11,177 |  |  | $ | 151 |  |  | $ | 5,213 |  |  | $ | 126 |  |  | $ | 16,390 |  |  | $ | 277 |
| Less than 12 months |  | 12 months or longer |  | Total
December 31, 2019 | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities, residential | 71,506 |  |  | 791 |  |  | 54,343 |  |  | 475 |  |  | 125,849 |  |  | 1,266 |
SBA loan pools | 3,014 |  |  | 9 |  |  | 1,405 |  |  | 37 |  |  | 4,419 |  |  | 46 |
Total temporarily impaired securities | $ | 74,520 |  |  | $ | 800 |  |  | $ | 55,748 |  |  | $ | 512 |  |  | $ | 130,268 |  |  | $ | 1,312 |

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 information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
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 For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration