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v3.20.2

Investments (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments [Abstract] |
Unrealized Gain (Loss) on Investments |
(in thousands) |  | Amortized ‎Cost |  | Gross ‎Unrealized ‎Gains |  | Gross ‎Unrealized ‎Losses |  | Fair ‎Value |  | OTTI ‎in AOCL
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agencies |  | $ | 46,020 |  | $ | 925 |  | $ | — |  | $ | 46,945 |  | $ | —
Residential mortgage-backed agencies |  |  | 18,472 |  |  | 304 |  |  | — |  |  | 18,776 |  |  | —
Commercial mortgage-backed agencies |  |  | 27,949 |  |  | 1,194 |  |  | — |  |  | 29,143 |  |  | —
Collateralized mortgage obligations |  |  | 25,235 |  |  | 583 |  |  | — |  |  | 25,818 |  |  | —
Obligations of states and political subdivisions |  |  | 13,059 |  |  | 497 |  |  | — |  |  | 13,556 |  |  | —
Collateralized debt obligations |  |  | 18,515 |  |  | — |  |  | 6,563 |  |  | 11,952 |  |  | (4,892)
Total available for sale |  | $ | 149,250 |  | $ | 3,503 |  | $ | 6,563 |  | $ | 146,190 |  | $ | (4,892)
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agencies |  | $ | 38,742 |  | $ | 1,319 |  | $ | — |  | $ | 40,061 |  | $ | —
Commercial mortgage-backed agencies |  |  | 11,829 |  |  | 674 |  |  | — |  |  | 12,503 |  |  | —
Collateralized mortgage obligations |  |  | 2,645 |  |  | 176 |  |  | — |  |  | 2,821 |  |  | —
Obligations of states and political subdivisions |  |  | 20,759 |  |  | 4,558 |  |  | — |  |  | 25,317 |  |  | —
Total held to maturity |  | $ | 73,975 |  | $ | 6,727 |  | $ | — |  | $ | 80,702 |  | $ | —
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agencies |  | $ | 39,987 |  | $ | — |  | $ | 93 |  | $ | 39,894 |  | $ | —
Residential mortgage-backed agencies |  |  | 4,917 |  |  | — |  |  | 17 |  |  | 4,900 |  |  | —
Commercial mortgage-backed agencies |  |  | 27,634 |  |  | 222 |  |  | 92 |  |  | 27,764 |  |  | —
Collateralized mortgage obligations |  |  | 29,903 |  |  | 129 |  |  | 109 |  |  | 29,923 |  |  | —
Obligations of states and political subdivisions |  |  | 14,124 |  |  | 346 |  |  | — |  |  | 14,470 |  |  | —
Collateralized debt obligations |  |  | 18,443 |  |  | — |  |  | 4,089 |  |  | 14,354 |  |  | (2,835)
Total available for sale |  | $ | 135,008 |  | $ | 697 |  | $ | 4,400 |  | $ | 131,305 |  | $ | (2,835)
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agencies |  | $ | 16,164 |  | $ | 659 |  | $ | — |  | $ | 16,823 |  | $ | —
Residential mortgage-backed agencies |  |  | 42,939 |  |  | 469 |  |  | 155 |  |  | 43,253 |  |  | —
Commercial mortgage-backed agencies |  |  | 15,521 |  |  | 344 |  |  | — |  |  | 15,865 |  |  | —
Collateralized mortgage obligations |  |  | 3,140 |  |  | 3 |  |  | — |  |  | 3,143 |  |  | —
Obligations of states and political subdivisions |  |  | 16,215 |  |  | 5,357 |  |  | — |  |  | 21,572 |  |  | —
Total held to maturity |  | $ | 93,979 |  | $ | 6,832 |  | $ | 155 |  | $ | 100,656 |  | $ | —
Proceeds from Sales and Realized Gains and Losses |
|  | Six Months Ended |  | Three Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Proceeds |  | $ | 1,080 |  | $ | 5,378 |  | $ | 1,080 |  | $ | 5,378
Realized gains |  |  | 47 |  |  | 73 |  |  | 47 |  |  | 73
Realized losses |  |  | — |  |  | 73 |  |  | — |  |  | 67
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, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  | $ | — |  | $ | — |  | — |  | $ | 11,952 |  | $ | 6,563 |  | 9
Total available for sale |  | $ | — |  | $ | — |  | — |  | $ | 11,952 |  | $ | 6,563 |  | 9
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agencies |  | $ | 24,907 |  | $ | 80 |  | 3 |  | $ | 14,987 |  | $ | 13 |  | 3
Residential mortgage-backed agencies |  |  | 4,900 |  |  | 17 |  | 1 |  |  | — |  |  | — |  | —
Commercial mortgage-backed agencies |  |  | 4,623 |  |  | 37 |  | 2 |  |  | 5,793 |  |  | 55 |  | 3
Collateralized mortgage obligations |  |  | — |  |  | — |  | — |  |  | 35,472 |  |  | 109 |  | 1
Collateralized debt obligations |  |  | — |  |  | — |  | — |  |  | 14,354 |  |  | 4,089 |  | 9
Total available for sale |  | $ | 34,430 |  | $ | 134 |  | 6 |  | $ | 70,606 |  | $ | 4,266 |  | 16
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agencies |  | $ | 2,722 |  | $ | 6 |  | 3 |  | $ | 9,486 |  | $ | 149 |  | 12
Total held to maturity |  | $ | 2,722 |  | $ | 6 |  | 3 |  | $ | 9,486 |  | $ | 149 |  | 12
Non-Cash OTTI Credit Losses Recognized in Earnings |
|  | Six Months Ended
|  | June 30,
(in thousands) |  | 2020 |  | 2019
Balance of credit-related OTTI at January 1 |  | $ | 2,446 |  | $ | 2,646
Reduction for increases in cash flows expected to be collected |  |  | (101) |  |  | (99)
Balance of credit-related OTTI at June 30 |  | $ | 2,345 |  | $ | 2,547
|  | Three Months Ended
|  | June 30,
(in thousands) |  | 2020 |  | 2019
Balance of credit-related OTTI at April 1 |  | $ | 2,396 |  | $ | 2,597
Reduction for increases in cash flows expected to be collected |  |  | (51) |  |  | (50)
Balance of credit-related OTTI at June 30 |  | $ | 2,345 |  | $ | 2,547
Amortized Cost and Fair Values Classified by Contractual Maturity Date |
|  | June 30, 2020
(in thousands) |  | Amortized ‎Cost |  | Fair ‎Value
Contractual Maturity |  |  |  |  |  |
Available for Sale: |  |  |  |  |  |
Due after one year through five years |  | $ | 4,441 |  | $ | 4,544
Due after five years through ten years |  |  | 34,830 |  |  | 35,747
Due after ten years |  |  | 38,323 |  |  | 32,162
|  |  | 77,594 |  |  | 72,453
Residential mortgage-backed agencies |  |  | 18,472 |  |  | 18,776
Commercial mortgage-backed agencies |  |  | 27,949 |  |  | 29,143
Collateralized mortgage obligations |  |  | 25,235 |  |  | 25,818
Total available for sale |  | $ | 149,250 |  | $ | 146,190
Held to Maturity: |  |  |  |  |  |
Due after ten years |  | $ | 20,759 |  | $ | 25,317
Residential mortgage-backed agencies |  |  | 38,742 |  |  | 40,061
Commercial mortgage-backed agencies |  |  | 11,829 |  |  | 12,503
Collateralized mortgage obligations |  |  | 2,645 |  |  | 2,821
Total held to maturity |  | $ | 73,975 |  | $ | 80,702

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