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Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 2018
Investments Debt And Equity Securities [Abstract] |
Schedule of amortized cost and fair value of debt securities available-for-sale |
|  | Total |  |  |  |  |  |  |  |  |  |
|  | Amortized |  |  | Gross Unrealized |  |  | Fair |
(in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,983 |  |  | $ | 0 |  |  | $ | (67 | ) |  | $ | 1,916 |
U.S. government and federal agency obligations |  |  | 10,933 |  |  |  | 0 |  |  |  | (459 | ) |  |  | 10,474 |
Government sponsored enterprises |  |  | 45,777 |  |  |  | 0 |  |  |  | (812 | ) |  |  | 44,965 |
Obligations of states and political subdivisions |  |  | 41,088 |  |  |  | 21 |  |  |  | (764 | ) |  |  | 40,345 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - government agencies |  |  | 127,375 |  |  |  | 41 |  |  |  | (4,918 | ) |  |  | 122,498 |
Other debt securities (a) |  |  | 3,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,000 |
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  |  | 0 |  |  |  | (122 | ) |  |  | 1,364 |
Total available-for-sale securities |  | $ | 231,642 |  |  | $ | 62 |  |  | $ | (7,142 | ) |  | $ | 224,562 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,980 |  |  | $ | 0 |  |  | $ | (13 | ) |  | $ | 1,967 |
U.S. government and federal agency obligations |  |  | 12,341 |  |  |  | 0 |  |  |  | (268 | ) |  |  | 12,073 |
Government sponsored enterprises |  |  | 37,321 |  |  |  | 0 |  |  |  | (424 | ) |  |  | 36,897 |
Obligations of states and political subdivisions |  |  | 47,019 |  |  |  | 114 |  |  |  | (477 | ) |  |  | 46,656 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - government agencies |  |  | 131,045 |  |  |  | 44 |  |  |  | (2,140 | ) |  |  | 128,949 |
Other debt securities (a) |  |  | 3,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,000 |
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,486 |
Total available-for-sale securities |  | $ | 234,192 |  |  | $ | 158 |  |  | $ | (3,322 | ) |  | $ | 231,028 |
(a) As of January 1, 2018, the Company adopted ASU 2016-01, resulting in reclassification of certain hybrid instruments possessing characteristics typically associated with debt obligations from other securities carried at cost to available for sale securities carried at fair value.
Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity |
|  | Amortized |  |  | Fair |
(in thousands) |  | Cost |  |  | Value |
Due in one year or less |  | $ | 16,968 |  |  | $ | 16,846 |
Due after one year through five years |  |  | 65,499 |  |  |  | 64,046 |
Due after five years through ten years |  |  | 14,151 |  |  |  | 13,705 |
Due after ten years |  |  | 7,649 |  |  |  | 7,467 |
Total |  |  | 104,267 |  |  |  | 102,064 |
Mortgage-backed securities |  |  | 127,375 |  |  |  | 122,498 |
Total available-for-sale securities |  | $ | 231,642 |  |  | $ | 224,562 |
Schedule of Other securities |
(in thousands) |  | September 30, 2018 |  |  | December 31, 2017 |
Other securities: |  |  |  |  |  |  |  |
FHLB stock |  | $ | 4,854 |  |  | $ | 6,390 |
MIB stock |  |  | 151 |  |  |  | 151 |
Equity securities with readily determinable fair values |  |  | 13 |  |  |  | 10 |
Total other investment securities |  | $ | 5,018 |  |  | $ | 6,551 |
Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
(in thousands) |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
At September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,205 |  |  | $ | (40 | ) |  | $ | 711 |  |  | $ | (27 | ) |  | $ | 1,916 |  |  | $ | (67 | )
U.S. government and federal agency obligations |  |  | 0 |  |  |  | 0 |  |  |  | 10,474 |  |  |  | (459 | ) |  |  | 10,474 |  |  |  | (459 | )
Government sponsored enterprises |  |  | 15,983 |  |  |  | (220 | ) |  |  | 28,983 |  |  |  | (592 | ) |  |  | 44,966 |  |  |  | (812 | )
Obligations of states and political subdivisions |  |  | 18,265 |  |  |  | (182 | ) |  |  | 17,905 |  |  |  | (582 | ) |  |  | 36,170 |  |  |  | (764 | )
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - government agencies |  |  | 31,595 |  |  |  | (646 | ) |  |  | 87,268 |  |  |  | (4,272 | ) |  |  | 118,863 |  |  |  | (4,918 | )
Bank issued trust preferred securities |  |  | 0 |  |  |  | 0 |  |  |  | 1,364 |  |  |  | (122 | ) |  |  | 1,364 |  |  |  | (122 | )
Total |  | $ | 67,048 |  |  | $ | (1,088 | ) |  | $ | 146,705 |  |  | $ | (6,054 | ) |  | $ | 213,753 |  |  | $ | (7,142 | )
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,967 |  |  | $ | (13 | ) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,967 |  |  | $ | (13 | )
U.S. government and federal agency obligations |  |  | 0 |  |  |  | 0 |  |  |  | 12,073 |  |  |  | (268 | ) |  |  | 12,073 |  |  |  | (268 | )
Government sponsored enterprises |  |  | 16,471 |  |  |  | (119 | ) |  |  | 20,426 |  |  |  | (305 | ) |  |  | 36,897 |  |  |  | (424 | )
Obligations of states and political subdivisions |  |  | 22,013 |  |  |  | (165 | ) |  |  | 12,570 |  |  |  | (312 | ) |  |  | 34,583 |  |  |  | (477 | )
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential - government agencies |  |  | 52,829 |  |  |  | (488 | ) |  |  | 69,580 |  |  |  | (1,652 | ) |  |  | 122,409 |  |  |  | (2,140 | )
Total |  | $ | 93,280 |  |  | $ | (785 | ) |  | $ | 114,649 |  |  | $ | (2,537 | ) |  | $ | 207,929 |  |  | $ | (3,322 | )
Schedule of components of investment securities gains and losses |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Investment securities gains, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains realized on sales |  | $ | 47 |  |  | $ | 12 |  |  | $ | 253 |  |  | $ | 12 |
Losses realized on sales |  |  | 0 |  |  |  | (12 | ) |  |  | 0 |  |  |  | (12 | )
Other securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net |  |  | 3 |  |  |  | 0 |  |  |  | 3 |  |  |  | 0 |
Investment securities gains, net |  | $ | 50 |  |  | $ | 0 |  |  | $ | 256 |  |  | $ | 0 |

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