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Investments (Tables)

9 Months Ended

Sep. 30, 2019

Investments [Abstract]

Unrealized Gain (Loss) on Investments



(in thousands)		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value			OTTI in AOCL
September 30, 2019
Available for Sale:
U.S. government agencies		$	40,000		$	—		$	86		$	39,914		$	—
Commercial mortgage-backed agencies			34,475			421			43			34,853			—
Collateralized mortgage obligations			32,121			309			100			32,330			—
Obligations of states and political subdivisions			14,139			373			—			14,512			—
Collateralized debt obligations			18,415			—			4,948			13,467			(3,517)
Total available for sale		$	139,150		$	1,103		$	5,177		$	135,076		$	(3,517)
Held to Maturity:
U.S. government agencies		$	16,127		$	667		$	—		$	16,794		$	—
Residential mortgage-backed agencies			45,197			454			129			45,522			—
Commercial mortgage-backed agencies			15,597			528			—			16,125			—
Collateralized mortgage obligations			3,468			51			—			3,519			—
Obligations of states and political subdivisions			16,215			5,998			—			22,213			—
Total held to maturity		$	96,604		$	7,698		$	129		$	104,173		$	—
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



		Nine Months Ended						Three Months Ended
		September 30,						September 30,
(in thousands)		2019			2018			2019			2018
Proceeds		$	12,337		$	2,005		$	6,669		$	2,005
Realized gains			74			151			1			6
Realized losses			73			35			—			16



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
September 30, 2019
Available for Sale:
U.S. government agencies		$	9,971		$	29		1		$	29,943		$	57		5
Commercial mortgage-backed agencies			—			—		—			6,370			43		3
Collateralized mortgage obligations			28			1		1			7,389			99		1
Collateralized debt obligations			5,266			1,226		4			8,201			3,722		5
Total available for sale		$	15,265		$	1,256		6		$	51,903		$	3,921		14
Held to Maturity:
Residential mortgage-backed agencies		$	4,745		$	2		2		$	10,626		$	127		12
Total held to maturity		$	4,745		$	2		2		$	10,626		$	127		12
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



		Nine Months Ended
		September 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			(149)			(160)
Balance of credit-related OTTI at September 30		$	2,497		$	2,798







		Three Months Ended
		September 30,
(in thousands)		2019			2018
Balance of credit-related OTTI at July 1		$	2,547		$	2,851
Reduction for increases in cash flows expected to be collected			(50)			(53)
Balance of credit-related OTTI at September 30		$	2,497		$	2,798



Amortized Cost and Fair Values Classified by Contractual Maturity Date



		September 30, 2019
(in thousands)		Amortized Cost			Fair Value
Contractual Maturity
Available for Sale:
Due after one year through five years			34,464			34,449
Due after five years through ten years			10,259			10,235
Due after ten years			27,831			23,209
			72,554			67,893
Commercial mortgage-backed agencies			34,475			34,853
Collateralized mortgage obligations			32,121			32,330
Total available for sale		$	139,150		$	135,076
Held to Maturity:
Due after one year through five years		$	16,127		$	16,794
Due after ten years			16,215			22,213
			32,342			39,007
Residential mortgage-backed agencies			45,197			45,522
Commercial mortgage-backed agencies			15,597			16,125
Collateralized mortgage obligations			3,468			3,519
Total held to maturity		$	96,604		$	104,173



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