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Securities (Tables)
6 Months Ended
Jun. 30, 2021
Securities  
Summary of available for sale debt securities

June 30, 2021

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

61,401

$

92

$

(595)

$

60,898

Mortgage-backed securities

 

178,174

 

2,415

 

(367)

 

180,222

Obligations of states and political subdivisions

 

98,385

 

2,078

 

(179)

 

100,284

Corporate and other debt securities

15,381

140

(39)

15,482

$

353,341

$

4,725

$

(1,180)

$

356,886

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

June 30, 2021

 

    

Amortized

    

 

(Dollars in thousands)

Cost

Fair Value

 

Due in one year or less

$

63,814

$

63,773

Due after one year through five years

 

184,816

 

188,212

Due after five years through ten years

 

95,707

 

96,001

Due after ten years

 

9,004

 

8,900

$

353,341

$

356,886

Schedule of gross realized gains and losses and the proceeds

Three Months Ended June 30, 

Six Months Ended June 30, 

(Dollars in thousands)

    

2021

    

2020

    

2021

    

2020

Realized gains from sales, maturities and calls of securities:

Gross realized gains

$

6

$

3

$

38

$

7

Gross realized losses

 

 

 

 

Net realized gains

$

6

$

3

$

38

$

7

Proceeds from sales, maturities, calls and paydowns of securities

$

21,784

$

31,717

$

55,496

$

70,780

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at June 30, 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

$

41,265

$

551

$

1,455

$

44

$

42,720

$

595

Mortgage-backed securities

 

78,791

367

 

 

 

78,791

 

367

Obligations of states and political subdivisions

 

14,139

 

179

 

 

 

14,139

 

179

Corporate and other debt securities

7,766

39

7,766

39

Total temporarily impaired securities

$

141,961

$

1,136

$

1,455

$

44

$

143,416

$

1,180

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