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Investments (Tables)
3 Months Ended
Mar. 31, 2021
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

March 31, 2021

cost

gains

losses

value

U.S. Government and Agency securities

$

21,070

$

16

$

(170)

$

20,916

Municipal securities

235,808

5,582

(4,132)

237,258

Corporate securities

22,268

153

(264)

22,157

Agency mortgage-backed securities

85,429

1,360

(815)

85,974

Private-label mortgage-backed securities

11,966

45

(62)

11,949

Asset-backed securities

43,643

390

(109)

43,924

$

420,184

$

7,546

$

(5,552)

$

422,178

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2020

cost

gains

losses

value

U.S. Government and Agency securities

$

12,594

$

20

$

(40)

$

12,574

Municipal securities

236,253

11,020

(219)

247,054

Corporate securities

20,421

22

(155)

20,288

Agency mortgage-backed securities

70,443

1,905

(107)

72,241

Private-label mortgage-backed securities

8,412

56

(15)

8,453

Asset-backed securities

36,246

249

(165)

36,330

$

384,369

$

13,272

$

(701)

$

396,940

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

(Dollars in thousands)

Amortized
cost

Fair
value

Due in one year or less

$

2,361

$

2,367

Due after one year through five years

21,738

22,274

Due after five years through ten years

174,745

178,862

Due after ten years

80,302

76,828

279,146

280,331

Mortgage-backed and asset-backed securities

141,038

141,847

$

420,184

$

422,178

Composition Of Net Realized Securities Gains

For the Three Months Ended

March 31,

(Dollars in thousands)

2021

2020

Proceeds

$

$

165

Gross gains realized

Gross losses realized

(10)

Net (losses) gains realized

$

$

(10)

Tax benefit (provision) on net (losses) gains realized

$

$

2

Schedule Of Unrealized Loss On Investments The following table reflects temporary impairment in the AFS portfolio, aggregated by investment category, length of time that individual securities have been in a continuous unrealized loss position and the number of securities in each category as of March 31, 2021 and December 31, 2020:

March 31, 2021

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

$

9,832 

$

(134)

7 

$

7,629 

$

(36)

15 

$

17,461 

$

(170)

22 

Municipal securities

97,958 

(4,132)

107 

97,958 

(4,132)

107 

Corporate securities

9,677 

(173)

19 

2,806 

(91)

3 

12,483 

(264)

22 

Agency mortgage-backed securities

31,182 

(809)

32 

1,504 

(6)

3 

32,686 

(815)

35 

Private-label mortgage-backed securities

6,828 

(62)

5 

6,828 

(62)

5 

Asset-backed securities

3,236 

(29)

3 

7,983 

(80)

11 

11,219 

(109)

14 

Total temporarily impaired
  securities

$

158,713 

$

(5,339)

173 

$

19,922 

$

(213)

32 

$

178,635 

$

(5,552)

205 

December 31, 2020

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

$

3,966 

$

(21)

5 

$

4,185 

$

(19)

11 

$

8,151 

$

(40)

16 

Municipal securities

27,022 

(219)

28 

27,022 

(219)

28 

Corporate securities

7,576 

(37)

13 

3,040 

(118)

4 

10,616 

(155)

17 

Agency mortgage-backed securities

18,390 

(101)

17 

3,355 

(6)

5 

21,745 

(107)

22 

Private-label mortgage-backed securities

2,506 

(15)

2 

2,506 

(15)

2 

Asset-backed securities

1,458 

(12)

2 

11,452 

(153)

15 

12,910 

(165)

17 

Total temporarily impaired
  securities

$

60,918 

$

(405)

67 

$

22,032 

$

(296)

35 

$

82,950 

$

(701)

102 

Other Than Temporary Impairment, Credit Losses Recognized In Earnings

Three Months Ended

(Dollars in thousands)

March 31,

2021

2020

Balance of cumulative credit-related OTTI at January 1

$

272

$

272

Decreases for previously recognized credit losses on securities that paid off

(15)

Balance of credit-related OTTI at March 31

$

257

$

272