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Securities (Tables)
3 Months Ended
Mar. 31, 2021
Securities  
Summary of available for sale debt securities

March 31, 2021

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

54,900

$

105

$

(1,324)

$

53,681

Mortgage-backed securities

 

148,307

 

2,769

 

(558)

 

150,518

Obligations of states and political subdivisions

 

101,601

 

1,923

 

(370)

 

103,154

Corporate and other debt securities

13,915

79

(62)

13,932

$

318,723

$

4,876

$

(2,314)

$

321,285

December 31, 2020

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

48,171

$

121

$

(10)

$

48,282

Mortgage-backed securities

 

120,664

 

3,165

 

(115)

 

123,714

Obligations of states and political subdivisions

 

100,405

 

2,436

 

(36)

 

102,805

Corporate and other debt securities

 

11,584

 

47

 

(43)

 

11,588

$

280,824

$

5,769

$

(204)

$

286,389

Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity

March 31, 2021

 

    

Amortized

    

 

(Dollars in thousands)

Cost

Fair Value

 

Due in one year or less

$

63,112

$

62,695

Due after one year through five years

 

171,500

 

175,068

Due after five years through ten years

 

75,592

 

75,334

Due after ten years

 

8,519

 

8,188

$

318,723

$

321,285

Schedule of gross realized gains and losses and the proceeds

Three Months Ended March 31, 

(Dollars in thousands)

    

2021

    

2020

Realized gains from sales, maturities and calls of securities:

Gross realized gains

$

32

$

4

Gross realized losses

 

 

Net realized gains

$

32

$

4

Proceeds from sales, maturities, calls and paydowns of securities

$

33,712

$

39,063

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at March 31, 2021, by duration of the period of the unrealized loss, are shown below.

Less Than 12 Months

12 Months or More

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

Value

Loss

Value

Loss

   Value   

Loss

 

U.S. government agencies and corporations

$

42,067

$

1,324

$

$

$

42,067

$

1,324

Mortgage-backed securities

 

48,067

558

 

 

 

48,067

 

558

Obligations of states and political subdivisions

 

21,881

 

370

 

 

 

21,881

 

370

Corporate and other debt securities

6,258

62

6,258

62

Total temporarily impaired securities

$

118,273

$

2,314

$

$

$

118,273

$

2,314

Securities in an unrealized loss position at December 31, 2020, by duration of the period of the unrealized loss, are shown below.

Less Than 12 Months

12 Months or More

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

Value

Loss

Value

Loss

   Value   

Loss

 

U.S. government agencies and corporations

$

12,719

$

10

$

$

$

12,719

$

10

Mortgage-backed securities

15,691

 

115

 

 

 

15,691

 

115

Obligations of states and political subdivisions

5,110

36

5,110

36

Corporate and other debt securities

 

4,271

 

43

 

 

 

4,271

 

43

Total temporarily impaired securities

$

37,791

$

204

$

$

$

37,791

$

204