XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.1
Investment Securities (Tables)
 3 Months Ended
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