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Investment Securities (Tables) | 9 Months Ended
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Sep. 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
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 985 |  | $ | 10 |  | $ | — |  | $ | 995
U.S. government and federal agency obligations |  |  | 8,495 |  |  | — |  |  | (30) |  |  | 8,465
Government sponsored enterprises |  |  | 22,786 |  |  | 50 |  |  | (38) |  |  | 22,798
Obligations of states and political subdivisions |  |  | 29,341 |  |  | 144 |  |  | (61) |  |  | 29,424
Mortgage-backed securities |  |  | 115,261 |  |  | 542 |  |  | (569) |  |  | 115,234
Other debt securities (a) |  |  | 3,000 |  |  | 51 |  |  | — |  |  | 3,051
Bank issued trust preferred securities (a) |  |  | 1,486 |  |  | — |  |  | (183) |  |  | 1,303
Total available-for-sale securities |  | $ | 181,354 |  | $ | 797 |  | $ | (881) |  | $ | 181,270
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 |  | $ | 8,962 |  | $ | 8,951
Due after one year through five years |  |  | 36,227 |  |  | 36,256
Due after five years through ten years |  |  | 10,910 |  |  | 10,926
Due after ten years |  |  | 9,994 |  |  | 9,903
Total |  |  | 66,093 |  |  | 66,036
Mortgage-backed securities |  |  | 115,261 |  |  | 115,234
Total available-for-sale securities |  | $ | 181,354 |  | $ | 181,270
Schedule of Other securities |
(in thousands) |  | September 30, 2019 |  | December 31, 2018
Other securities: |  |  |  |  |  |
FHLB stock |  | $ | 6,046 |  | $ | 5,512
MIB stock |  |  | 151 |  |  | 151
Equity securities with readily determinable fair values |  |  | 13 |  |  | 12
Total other investment securities |  | $ | 6,210 |  | $ | 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 September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
U.S. government and federal agency obligations |  |  | 6,310 |  |  | (25) |  |  | 1,913 |  |  | (5) |  |  | 8,223 |  |  | (30)
Government sponsored enterprises |  |  | 4,539 |  |  | (6) |  |  | 8,466 |  |  | (32) |  |  | 13,005 |  |  | (38)
Obligations of states and political subdivisions |  |  | 9,098 |  |  | (45) |  |  | 2,891 |  |  | (16) |  |  | 11,989 |  |  | (61)
Mortgage-backed securities |  |  | 8,624 |  |  | (24) |  |  | 46,968 |  |  | (545) |  |  | 55,592 |  |  | (569)
Other debt securities |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Bank issued trust preferred securities |  |  | — |  |  | — |  |  | 1,303 |  |  | (183) |  |  | 1,303 |  |  | (183)
Total |  | $ | 28,571 |  | $ | (100) |  | $ | 61,541 |  | $ | (781) |  | $ | 90,112 |  | $ | (881)
(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 September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Investment securities (losses) gains, net |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Gains realized on sales |  | $ | 6 |  | $ | 47 |  | $ | 6 |  | $ | 253
Losses realized on sales |  |  | (46) |  |  | — |  |  | (46) |  |  | —
Other-than-temporary impairment recognized |  |  | — |  |  | — |  |  | — |  |  | —
Other investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net |  |  | — |  |  | 3 |  |  | — |  |  | 3
Investment securities (losses) gains, net |  | $ | (40) |  | $ | 50 |  | $ | (40) |  | $ | 256

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