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Investments (Tables)

6 Months Ended

Jun. 30, 2019

Investments [Abstract]

Unrealized Gain (Loss) on Investments



(in thousands)		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value			OTTI in AOCL
June 30, 2019
Available for Sale:
U.S. government agencies		$	30,000		$	—		$	167		$	29,833		$	—
Commercial mortgage-backed agencies			42,487			143			284			42,346			—
Collateralized mortgage obligations			34,010			179			62			34,127			—
Obligations of states and political subdivisions			14,379			252			—			14,631			—
Collateralized debt obligations			18,387			—			3,515			14,872			(2,341)
Total available for sale		$	139,263		$	574		$	4,028		$	135,809		$	(2,341)
Held to Maturity:
U.S. government agencies		$	16,090		$	624		$	—		$	16,714		$	—
Residential mortgage-backed agencies			47,320			237			345			47,212			—
Commercial mortgage-backed agencies			15,672			429			—			16,101			—
Collateralized mortgage obligations			3,577			5			—			3,582			—
Obligations of states and political subdivisions			14,840			4,054			—			18,894			—
Total held to maturity		$	97,499		$	5,349		$	345		$	102,503		$	—
December 31, 2018
Available for Sale:
U.S. government agencies		$	30,000		$	—		$	974		$	29,026		$	—
Commercial mortgage-backed agencies			39,013			—			1,261			37,752			—
Collateralized mortgage obligations			36,669			—			965			35,704			—
Obligations of states and political subdivisions			20,083			132			333			19,882			—
Collateralized debt obligations			18,358			—			3,081			15,277			(1,966)
Total available for sale		$	144,123		$	132		$	6,614		$	137,641		$	(1,966)
Held to Maturity:
U.S. government agencies		$	16,017		$	120		$	—		$	16,137		$	—
Residential mortgage-backed agencies			46,491			6			1,287			45,210			—
Commercial mortgage-backed agencies			15,821			75			68			15,828			—
Collateralized mortgage obligations			3,761			—			156			3,605			—
Obligations of states and political subdivisions			11,920			1,156			96			12,980			—
Total held to maturity		$	94,010		$	1,357		$	1,607		$	93,760		$	—



Proceeds from Sales/Calls of Available for Sale Securities and Realized Gains and Losses



		Six Months Ended						Three Months Ended
		June 30,						June 30,
(in thousands)		2019			2018			2019			2018
Proceeds		$	5,668		$	500		$	5,408		$	265
Realized gains			73			145			73			145
Realized losses			73			19			67			10



Gross Unrealized Losses and Fair Values of Securities


		Less than 12 months								12 months or more
(in thousands)		Fair Value			Unrealized Losses			Number of Investments		Fair Value			Unrealized Losses			Number of Investments
June 30, 2019
Available for Sale:
U.S. government agencies		$	—		$	—		—		$	29,833		$	167		5
Commercial mortgage-backed agencies			—			—		—			18,918			284		5
Collateralized mortgage obligations			—			—		—			8,250			62		2
Collateralized debt obligations			5,848			612		4			9,024			2,903		5
Total available for sale		$	5,848		$	612		4		$	66,025		$	3,416		17
Held to Maturity:
Residential mortgage-backed agencies		$	5,287		$	16		2		$	19,088		$	329		20
Total held to maturity		$	5,287		$	16		2		$	19,088		$	329		20
December 31, 2018
Available for Sale:
U.S. government agencies		$	—		$	—		—		$	29,026		$	974		5
Commercial mortgage-backed agencies			—			—		—			37,752			1,261		8
Collateralized mortgage obligations			232			1		1			35,472			964		8
Obligations of states and political subdivisions			3,310			48		5			11,068			285		8
Collateralized debt obligations			5,987			438		4			9,290			2,643		5
Total available for sale		$	9,529		$	487		10		$	122,608		$	6,127		34
Held to Maturity:
Residential mortgage-backed agencies		$	3,605		$	51		2		$	41,448		$	1,236		29
Commercial mortgage-backed agencies			—			—		—			7,656			68		1
Collateralized mortgage obligations			—			—		—			3,605			156		1
Obligations of states and political subdivisions			—			—		—			2,199			96		1
Total held to maturity		$	3,605		$	51		2		$	54,908		$	1,556		32



Non-Cash OTTI Credit Losses Recognized in Earnings



		Six Months Ended
		June 30,
(in thousands)		2019			2018
Balance of credit-related OTTI at January 1		$	2,646		$	2,958
Reduction for increases in cash flows expected to be collected			(99)			(207)
Balance of credit-related OTTI at June 30		$	2,547		$	2,751







		Three Months Ended
		June 30,
(in thousands)		2019			2018
Balance of credit-related OTTI at April 1		$	2,597		$	2,903
Reduction for increases in cash flows expected to be collected			(50)			(152)
Balance of credit-related OTTI at June 30		$	2,547		$	2,751



Amortized Cost and Fair Values Classified by Contractual Maturity Date



		June 30, 2019
(in thousands)		Amortized Cost			Fair Value
Contractual Maturity
Available for Sale:
Due in one year or less		$	225		$	225
Due after one year through five years			16,763			16,718
Due after five years through ten years			17,968			17,876
Due after ten years			27,810			24,517
			62,766			59,336
Commercial mortgage-backed agencies			42,487			42,346
Collateralized mortgage obligations			34,010			34,127
Total available for sale		$	139,263		$	135,809
Held to Maturity:
Due after one year through five years		$	16,090		$	16,714
Due after ten years			14,840			18,894
			30,930			35,608
Residential mortgage-backed agencies			47,320			47,212
Commercial mortgage-backed agencies			15,672			16,101
Collateralized mortgage obligations			3,577			3,582
Total held to maturity		$	97,499		$	102,503



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