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Investments (Tables)
12 Months Ended
Dec. 31, 2018
Investments [Abstract]  
Unrealized Gain (Loss) On Investments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2018

 

cost

 

gains

 

losses

 

value

U.S. Government and Agency securities

 

$

9,120 

 

$

21 

 

$

(65)

 

$

9,076 

Municipal securities

 

 

67,811 

 

 

320 

 

 

(484)

 

 

67,647 

Trust preferred securities

 

 

4,074 

 

 

 —

 

 

(316)

 

 

3,758 

Agency mortgage-backed securities

 

 

45,241 

 

 

65 

 

 

(648)

 

 

44,658 

Private-label mortgage-backed securities

 

 

457 

 

 

31 

 

 

 —

 

 

488 

Asset-backed securities

 

 

5,869 

 

 

 —

 

 

(24)

 

 

5,845 

Total

 

$

132,572 

 

$

437 

 

$

(1,537)

 

$

131,472 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2017

 

cost

 

gains

 

losses

 

value

Equity securities

 

$

164 

 

$

201 

 

$

 —

 

$

365 

U.S. Government and Agency securities

 

 

11,451 

 

 

64 

 

 

(43)

 

 

11,472 

Municipal securities

 

 

57,374 

 

 

650 

 

 

(252)

 

 

57,772 

Trust preferred securities

 

 

6,000 

 

 

 —

 

 

(183)

 

 

5,817 

Agency mortgage-backed securities

 

 

51,307 

 

 

197 

 

 

(567)

 

 

50,937 

Private-label mortgage-backed securities

 

 

858 

 

 

88 

 

 

 —

 

 

946 

Asset-backed securities

 

 

28 

 

 

 —

 

 

(1)

 

 

27 

Total

 

$

127,182 

 

$

1,200 

 

$

(1,046)

 

$

127,336 



Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Amortized
cost

 

Fair
value

Due in one year or less

 

 

 

 

$

16,674 

 

$

16,712 

Due after one year through five years

 

 

 

 

 

32,672 

 

 

32,691 

Due after five years through ten years

 

 

 

 

 

37,085 

 

 

36,497 

Due after ten years

 

 

 

 

 

443 

 

 

426 



 

 

 

 

 

86,874 

 

 

86,326 

Mortgage-backed securities

 

 

 

 

 

45,698 

 

 

45,146 

Total

 

 

 

 

$

132,572 

 

$

131,472 



Composition Of Net Realized Securities Gains



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2018

 

2017

 

2016

Gross gains realized

 

$

67 

 

$

 

$

22 

Gross losses realized

 

 

(11)

 

 

 —

 

 

 —

Net gains realized

 

$

56 

 

$

 

$

22 



Schedule Of Unrealized Loss On Investments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2018



Less than 12 months

 

12 months or more

 

Total



Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and Agency securities

$

2,071 

 

$

(6)

 

 

$

5,175 

 

$

(59)

 

14 

 

$

7,246 

 

$

(65)

 

16 

Municipal securities

 

5,832 

 

 

(12)

 

10 

 

 

25,091 

 

 

(472)

 

42 

 

 

30,923 

 

 

(484)

 

52 

Trust preferred securities

 

2,008 

 

 

(159)

 

 

 

1,750 

 

 

(157)

 

 

 

3,758 

 

 

(316)

 

Agency mortgage-backed securities

 

7,687 

 

 

(46)

 

16 

 

 

30,511 

 

 

(602)

 

74 

 

 

38,198 

 

 

(648)

 

90 

Asset-backed securities

 

5,826 

 

 

(22)

 

 

 

19 

 

 

(2)

 

 

 

5,845 

 

 

(24)

 

Total temporarily impaired securities

$

23,424 

 

$

(245)

 

37 

 

$

62,546 

 

$

(1,292)

 

134 

 

$

85,970 

 

$

(1,537)

 

171 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2017



Less than 12 months

 

12 months or more

 

Total



Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and Agency securities

$

2,315 

 

$

(11)

 

 

$

3,528 

 

$

(32)

 

10 

 

$

5,843 

 

$

(43)

 

15 

Municipal securities

 

13,767 

 

 

(89)

 

22 

 

 

7,507 

 

 

(163)

 

14 

 

 

21,274 

 

 

(252)

 

36 

Trust preferred securities

 

1,216 

 

 

(12)

 

 

 

4,601 

 

 

(171)

 

 

 

5,817 

 

 

(183)

 

Agency mortgage-backed securities

 

16,287 

 

 

(129)

 

29 

 

 

20,563 

 

 

(438)

 

39 

 

 

36,850 

 

 

(567)

 

68 

Asset-backed securities

 

 —

 

 

 —

 

 —

 

 

 

 

(1)

 

 

 

 

 

(1)

 

Total temporarily impaired securities

$

33,585 

 

$

(241)

 

58 

 

$

36,203 

 

$

(805)

 

69 

 

$

69,788 

 

$

(1,046)

 

127 



Other Than Temporary Impairment, Credit Losses Recognized In Earnings



 

 

 

 

 

 



 

 

 

 

 

 

(Dollars in thousands)

 

Twelve Months Ended



 

2018

 

2017

Balance of cumulative credit-related OTTI at January 1

 

$

595 

 

$

595 

Additions for credit-related OTTI not previously recognized

 

 

 —

 

 

 —

Additional increases for credit-related OTTI previously recognized when there is

 

 

 

 

 

 

    no intent to sell and no requirement to sell before recovery of amortized cost basis

 

 

 —

 

 

 —

Decreases for previously recognized credit-related OTTI because there was an intent to sell

 

 

(323)

 

 

 —

Reduction for increases in cash flows expected to be collected

 

 

 —

 

 

 —

Balance of credit-related OTTI at December 31

 

$

272 

 

$

595