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v3.19.2

Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 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
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 2,672 |  | $ | 18 |  | $ | — |  | $ | 2,690
U.S. government and federal agency obligations |  |  | 9,222 |  |  | 1 |  |  | (41) |  |  | 9,182
Government sponsored enterprises |  |  | 34,808 |  |  | 57 |  |  | (86) |  |  | 34,779
Obligations of states and political subdivisions |  |  | 38,583 |  |  | 133 |  |  | (90) |  |  | 38,626
Mortgage-backed securities |  |  | 123,888 |  |  | 441 |  |  | (880) |  |  | 123,449
Other debt securities (a) |  |  | 3,000 |  |  | 152 |  |  | — |  |  | 3,152
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  | — |  |  | (183) |  |  | 1,303
Total available-for-sale securities |  | $ | 213,659 |  | $ | 802 |  | $ | (1,280) |  | $ | 213,181
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 |  | $ | 21,880 |  | $ | 21,840
Due after one year through five years |  |  | 46,515 |  |  | 46,523
Due after five years through ten years |  |  | 11,716 |  |  | 11,728
Due after ten years |  |  | 9,660 |  |  | 9,641
Total |  |  | 89,771 |  |  | 89,732
Mortgage-backed securities |  |  | 123,888 |  |  | 123,449
Total available-for-sale securities |  | $ | 213,659 |  | $ | 213,181
Schedule of Other securities |
(in thousands) |  | June 30, 2019 |  | December 31, 2018
Other securities: |  |  |  |  |  |
FHLB stock |  | $ | 5,169 |  | $ | 5,512
MIB stock |  |  | 151 |  |  | 151
Equity securities with readily determinable fair values |  |  | 13 |  |  | 12
Total other investment securities |  | $ | 5,333 |  | $ | 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 June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
U.S. government and federal agency obligations |  |  | — |  |  | — |  |  | 8,303 |  |  | (41) |  |  | 8,303 |  |  | (41)
Government sponsored enterprises |  |  | 499 |  |  | (1) |  |  | 21,741 |  |  | (85) |  |  | 22,240 |  |  | (86)
Obligations of states and political subdivisions |  |  | 2,553 |  |  | (2) |  |  | 15,609 |  |  | (88) |  |  | 18,162 |  |  | (90)
Mortgage-backed securities |  |  | 423 |  |  | (1) |  |  | 70,128 |  |  | (879) |  |  | 70,551 |  |  | (880)
Other debt securities |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Bank issued trust preferred securities |  |  | — |  |  | — |  |  | 1,303 |  |  | (183) |  |  | 1,303 |  |  | (183)
Total |  | $ | 3,475 |  | $ | (4) |  | $ | 117,084 |  | $ | (1,276) |  | $ | 120,559 |  | $ | (1,280)
(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 June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Investment securities gains, net |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Gains realized on sales |  | $ | — |  | $ | 108 |  | $ | — |  | $ | 206
Losses realized on sales |  |  | — |  |  | — |  |  | — |  |  | —
Other-than-temporary impairment recognized |  |  | — |  |  | — |  |  | — |  |  | —
Other investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net |  |  | — |  |  | — |  |  | 1 |  |  | —
Investment securities gains, net |  | $ | — |  | $ | 108 |  | $ | 1 |  | $ | 206

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