XML 37 R26.htm IDEA: XBRL DOCUMENT

Investment Securities (Tables)

9 Months Ended

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