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v3.19.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2019
Investment Securities |
Schedule of amortized cost and fair value of debt securities available-for-sale |
|  | Total |  |  |  |  |  |  |  |  |
|  | Amortized |  | Gross Unrealized |  | Fair
(in thousands) |  | Cost |  | Gains |  | Losses |  | Value
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 2,666 |  | $ | — |  | $ | (11) |  | $ | 2,655
U.S. government and federal agency obligations |  |  | 9,745 |  |  | — |  |  | (230) |  |  | 9,515
Government sponsored enterprises |  |  | 39,790 |  |  | 43 |  |  | (279) |  |  | 39,554
Obligations of states and political subdivisions |  |  | 38,408 |  |  | 67 |  |  | (239) |  |  | 38,236
Mortgage-backed securities |  |  | 126,072 |  |  | 125 |  |  | (1,954) |  |  | 124,243
Other debt securities (a) |  |  | 3,000 |  |  | — |  |  | (1) |  |  | 2,999
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  | — |  |  | (149) |  |  | 1,337
Total available-for-sale securities |  | $ | 221,167 |  | $ | 235 |  | $ | (2,863) |  | $ | 218,539
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,984 |  | $ | — |  | $ | (32) |  | $ | 1,952
U.S. government and federal agency obligations |  |  | 10,235 |  |  | — |  |  | (269) |  |  | 9,966
Government sponsored enterprises |  |  | 43,784 |  |  | 23 |  |  | (472) |  |  | 43,335
Obligations of states and political subdivisions |  |  | 40,859 |  |  | 28 |  |  | (501) |  |  | 40,386
Mortgage-backed securities |  |  | 121,230 |  |  | 72 |  |  | (3,110) |  |  | 118,192
Other debt securities (a) |  |  | 3,000 |  |  | — |  |  | — |  |  | 3,000
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  | — |  |  | (112) |  |  | 1,374
Total available-for-sale securities |  | $ | 222,578 |  | $ | 123 |  | $ | (4,496) |  | $ | 218,205
(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.
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 |  | $ | 21,449 |  | $ | 21,361
Due after one year through five years |  |  | 53,793 |  |  | 53,389
Due after five years through ten years |  |  | 11,409 |  |  | 11,285
Due after ten years |  |  | 8,444 |  |  | 8,261
Total |  |  | 95,095 |  |  | 94,296
Mortgage-backed securities |  |  | 126,072 |  |  | 124,243
Total available-for-sale securities |  | $ | 221,167 |  | $ | 218,539
Schedule of Other securities |
(in thousands) |  | March 31, 2019 |  | December 31, 2018
Other securities: |  |  |  |  |  |
FHLB stock |  | $ | 5,571 |  | $ | 5,512
MIB stock |  |  | 151 |  |  | 151
Equity securities with readily determinable fair values |  |  | 13 |  |  | 12
Total other investment securities |  | $ | 5,735 |  | $ | 5,675
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 March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | — |  | $ | — |  | $ | 1,974 |  | $ | (11) |  | $ | 1,974 |  | $ | (11)
U.S. government and federal agency obligations |  |  | — |  |  | — |  |  | 9,515 |  |  | (230) |  |  | 9,515 |  |  | (230)
Government sponsored enterprises |  |  | 500 |  |  | — |  |  | 32,036 |  |  | (279) |  |  | 32,536 |  |  | (279)
Obligations of states and political subdivisions |  |  | 4,042 |  |  | (14) |  |  | 21,790 |  |  | (225) |  |  | 25,832 |  |  | (239)
Mortgage-backed securities |  |  | 11,589 |  |  | (72) |  |  | 93,328 |  |  | (1,882) |  |  | 104,917 |  |  | (1,954)
Other debt securities |  |  | 2,999 |  |  | (1) |  |  | — |  |  | — |  |  | 2,999 |  |  | (1)
Bank issued trust preferred securities |  |  | — |  |  | — |  |  | 1,337 |  |  | (149) |  |  | 1,337 |  |  | (149)
Total |  | $ | 19,130 |  | $ | (87) |  | $ | 159,980 |  | $ | (2,776) |  | $ | 179,110 |  | $ | (2,863)
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | — |  | $ | — |  | $ | 1,952 |  | $ | (32) |  | $ | 1,952 |  | $ | (32)
U.S. government and federal agency obligations |  |  | — |  |  | — |  |  | 9,966 |  |  | (269) |  |  | 9,966 |  |  | (269)
Government sponsored enterprises |  |  | 1,997 |  |  | (3) |  |  | 33,346 |  |  | (469) |  |  | 35,343 |  |  | (472)
Obligations of states and political subdivisions |  |  | 5,851 |  |  | (16) |  |  | 28,832 |  |  | (485) |  |  | 34,683 |  |  | (501)
Mortgage-backed securities |  |  | 10,085 |  |  | (61) |  |  | 99,321 |  |  | (3,049) |  |  | 109,406 |  |  | (3,110)
Bank issued trust preferred securities |  |  | — |  |  | — |  |  | 1,374 |  |  | (112) |  |  | 1,374 |  |  | (112)
Total |  | $ | 17,933 |  | $ | (80) |  | $ | 174,791 |  | $ | (4,416) |  | $ | 192,724 |  | $ | (4,496)
Schedule of components of investment securities gains and losses |
|  | Three Months Ended March 31, |
(in thousands) |  | 2019 |  | 2018 |
Investment securities gains, net |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |
Gains realized on sales |  | $ | — |  | $ | 98 |
Losses realized on sales |  |  | — |  |  | — |
Other-than-temporary impairment recognized |  |  | — |  |  | — |
Other investment securities: |  |  |  |  |  |  |
Fair value adjustments, net |  |  | 1 |  |  | — |
Investment securities gains, net |  | $ | 1 |  | $ | 98 |

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