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

September 30, 2021

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

63,271

$

73

$

(772)

$

62,572

Mortgage-backed securities

 

184,548

 

2,105

 

(533)

 

186,120

Obligations of states and political subdivisions

 

94,872

 

1,748

 

(315)

 

96,305

Corporate and other debt securities

18,290

190

(64)

18,416

$

360,981

$

4,116

$

(1,684)

$

363,413

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

September 30, 2021

 

    

Amortized

    

 

(Dollars in thousands)

Cost

Fair Value

 

Due in one year or less

$

62,145

$

62,010

Due after one year through five years

 

200,714

 

203,445

Due after five years through ten years

 

89,131

 

89,136

Due after ten years

 

8,991

 

8,822

$

360,981

$

363,413

Schedule of gross realized gains and losses and the proceeds

Three Months Ended September 30, 

Nine Months Ended September 30, 

(Dollars in thousands)

    

2021

    

2020

    

2021

    

2020

Realized gains from sales, maturities and calls of securities:

Gross realized gains

$

3

$

4

$

41

$

11

Gross realized losses

 

 

 

 

Net realized gains

$

3

$

4

$

41

$

11

Proceeds from sales, maturities, calls and paydowns of securities

$

29,798

$

30,288

$

85,293

$

101,068

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at September 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

$

46,809

$

724

$

1,451

$

48

$

48,260

$

772

Mortgage-backed securities

 

94,098

511

 

4,341

 

22

 

98,439

 

533

Obligations of states and political subdivisions

 

20,132

 

279

 

1,273

 

36

 

21,405

 

315

Corporate and other debt securities

9,077

64

9,077

64

Total temporarily impaired securities

$

170,116

$

1,578

$

7,065

$

106

$

177,181

$

1,684

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