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v3.19.2

Securities (Tables) | 6 Months Ended
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Jun. 30, 2019
Securities |
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale |
|  | June 30, 2019
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(In thousands) |  | Cost |  | Gains |  | (Losses) |  | Value
Held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |
Securities of state and local municipalities tax exempt |  | $ | 264 |  | $ | 5 |  | $ | — |  | $ | 269
Securities of U.S. government and federal agencies |  |  | 1,497 |  |  | 3 |  |  | — |  |  | 1,500
Total Held-to-maturity Securities |  | $ | 1,761 |  | $ | 8 |  | $ | — |  | $ | 1,769
Available-for-sale |  |  |  |  |  |  |  |  |  |  |  |
Securities of U.S. government and federal agencies |  | $ | 1,000 |  | $ | — |  | $ | (6) |  | $ | 994
Securities of state and local municipalities tax exempt |  |  | 3,671 |  |  | 62 |  |  | — |  |  | 3,733
Securities of state and local municipalities taxable |  |  | 2,309 |  |  | 1 |  |  | (28) |  |  | 2,282
Corporate bonds |  |  | 5,000 |  |  | 60 |  |  | (89) |  |  | 4,971
Certificates of deposit |  |  | 245 |  |  | — |  |  | — |  |  | 245
SBA pass-through securities |  |  | 179 |  |  | — |  |  | (4) |  |  | 175
Mortgage-backed securities |  |  | 94,362 |  |  | 851 |  |  | (501) |  |  | 94,712
Collateralized mortgage obligations |  |  | 27,354 |  |  | 271 |  |  | (266) |  |  | 27,359
Total Available-for-sale Securities |  | $ | 134,120 |  | $ | 1,245 |  | $ | (894) |  | $ | 134,471
|  | December 31, 2018
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
(In thousands) |  | Cost |  | Gains |  | (Losses) |  | Value
Held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |
Securities of state and local municipalities tax exempt |  | $ | 264 |  | $ | — |  | $ | (6) |  | $ | 258
Securities of U.S. government and federal agencies |  |  | 1,497 |  |  | — |  |  | (20) |  |  | 1,477
Total Held-to-maturity Securities |  | $ | 1,761 |  | $ | — |  | $ | (26) |  | $ | 1,735
Available-for-sale |  |  |  |  |  |  |  |  |  |  |  |
Securities of U.S. government and federal agencies |  | $ | 1,000 |  | $ | — |  | $ | (44) |  | $ | 956
Securities of state and local municipalities tax exempt |  |  | 3,678 |  |  | — |  |  | (39) |  |  | 3,639
Securities of state and local municipalities taxable |  |  | 2,378 |  |  | — |  |  | (70) |  |  | 2,308
Corporate bonds |  |  | 5,000 |  |  | 92 |  |  | (79) |  |  | 5,013
Certificates of deposit |  |  | 245 |  |  | — |  |  | (1) |  |  | 244
SBA pass-through securities |  |  | 200 |  |  | — |  |  | (5) |  |  | 195
Mortgage-backed securities |  |  | 90,234 |  |  | 94 |  |  | (2,291) |  |  | 88,037
Collateralized mortgage obligations |  |  | 23,945 |  |  | 10 |  |  | (810) |  |  | 23,145
Total Available-for-sale Securities |  | $ | 126,680 |  | $ | 196 |  | $ | (3,339) |  | $ | 123,537
Schedule of available-for-sale securities that have been in a continuous unrealized loss position |
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total
(In thousands) |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
At June 30, 2019 |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Securities of U.S. government and federal agencies |  | $ | — |  | $ | — |  | $ | 994 |  | $ | (6) |  | $ | 994 |  | $ | (6)
Securities of state and local municipalities taxable |  |  | — |  |  | — |  |  | 1,531 |  |  | (28) |  |  | 1,531 |  |  | (28)
Corporate bonds |  |  | — |  |  | — |  |  | 911 |  |  | (89) |  |  | 911 |  |  | (89)
SBA pass-through securities |  |  | — |  |  | — |  |  | 175 |  |  | (4) |  |  | 175 |  |  | (4)
Mortgage-backed securities |  |  | — |  |  | — |  |  | 52,081 |  |  | (501) |  |  | 52,081 |  |  | (501)
Collateralized mortgage obligations |  |  | — |  |  | — |  |  | 14,155 |  |  | (266) |  |  | 14,155 |  |  | (266)
Total |  | $ | — |  | $ | — |  | $ | 69,847 |  | $ | (894) |  | $ | 69,847 |  | $ | (894)
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total
|  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
At December 31, 2018 |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Securities of U.S. government and federal agencies |  | $ | — |  | $ | — |  | $ | 2,433 |  | $ | (64) |  | $ | 2,433 |  | $ | (64)
Securities of state and local municipalities tax exempt |  |  | 263 |  |  | (1) |  |  | 3,634 |  |  | (44) |  |  | 3,897 |  |  | (45)
Securities of state and local municipalities taxable |  |  | 757 |  |  | (1) |  |  | 1,551 |  |  | (69) |  |  | 2,308 |  |  | (70)
Corporate bonds |  |  | 988 |  |  | (12) |  |  | 933 |  |  | (67) |  |  | 1,921 |  |  | (79)
Certificates of deposit |  |  | — |  |  | — |  |  | 244 |  |  | (1) |  |  | 244 |  |  | (1)
SBA pass-through securities |  |  | — |  |  | — |  |  | 195 |  |  | (5) |  |  | 195 |  |  | (5)
Mortgage-backed securities |  |  | 12,743 |  |  | (59) |  |  | 60,656 |  |  | (2,232) |  |  | 73,399 |  |  | (2,291)
Collateralized mortgage obligations |  |  | — |  |  | — |  |  | 16,790 |  |  | (810) |  |  | 16,790 |  |  | (810)
Total |  | $ | 14,751 |  | $ | (73) |  | $ | 86,436 |  | $ | (3,292) |  | $ | 101,187 |  | $ | (3,365)
Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity |
|  | June 30, 2019
|  | Held-to-maturity |  | Available-for-sale
|  | Amortized |  | Fair |  | Amortized | Fair
(In thousands) |  | Cost |  | Value |  | Cost |  | Value
Less than 1 year |  | $ | — |  | $ | — |  | $ | 745 |  | $ | 745
After 5 years through 10 years |  |  | 1,761 |  |  | 1,769 |  |  | 21,035 |  |  | 21,054
After 10 years |  |  | — |  |  | — |  |  | 112,340 |  |  | 112,672
Total |  | $ | 1,761 |  | $ | 1,769 |  | $ | 134,120 |  | $ | 134,471

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- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
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