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v3.19.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Summary of Amortized Costs and Fair Values of Securities | Amortized costs and fair values of securities at March 31, 2019 and December 31, 2018 were as follows (in thousands):
| March 31, 2019
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Fair Value
Securities available for sale: |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 96,345 |  |  | $ | 295 |  |  | $ | (1,074 | ) |  | $ | 95,566 |
Obligations of states and political subdivisions | 25,643 |  |  | 153 |  |  | (160 | ) |  | 25,636 |
Total securities available for sale | $ | 121,988 |  |  | $ | 448 |  |  | $ | (1,234 | ) |  | $ | 121,202 |
Securities held to maturity: |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 14,193 |  |  | $ | — |  |  | $ | (332 | ) |  | $ | 13,861 |
Obligations of states and political subdivisions | 3,796 |  |  | 22 |  |  | (2 | ) |  | 3,816 |
Corporate debt securities | 1,500 |  |  | 13 |  |  | — |  |  | 1,513 |
Total securities held to maturity | $ | 19,489 |  |  | $ | 35 |  |  | $ | (334 | ) |  | $ | 19,190 |
Total securities | $ | 141,477 |  |  | $ | 483 |  |  | $ | (1,568 | ) |  | $ | 140,392 |
| December 31, 2018
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Fair Value
Securities available for sale: |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 86,944 |  |  | $ | 44 |  |  | $ | (2,066 | ) |  | $ | 84,922 |
Obligations of states and political subdivisions | 15,203 |  |  | 31 |  |  | (299 | ) |  | 14,935 |
Total securities available for sale | $ | 102,147 |  |  | $ | 75 |  |  | $ | (2,365 | ) |  | $ | 99,857 |
Securities held to maturity: |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 27,420 |  |  | $ | — |  |  | $ | (869 | ) |  | $ | 26,551 |
Obligations of states and political subdivisions | 14,488 |  |  | 20 |  |  | (174 | ) |  | 14,334 |
Corporate debt securities | 1,500 |  |  | 9 |  |  | — |  |  | 1,509 |
Total securities held to maturity | $ | 43,408 |  |  | $ | 29 |  |  | $ | (1,043 | ) |  | $ | 42,394 |
Total securities | $ | 145,555 |  |  | $ | 104 |  |  | $ | (3,408 | ) |  | $ | 142,251 |
Summary of Investments in an Unrealized Loss Position that were Temporarily Impaired | At March 31, 2019 and December 31, 2018, investments in an unrealized loss position that were temporarily impaired were as follows (in thousands):
| March 31, 2019
| Less than 12 months |  | 12 months or more |  | Total
| Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss)
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 369 |  |  | $ | (2 | ) |  | $ | 60,381 |  |  | $ | (1,072 | ) |  | $ | 60,750 |  |  | $ | (1,074 | )
Obligations of states and political subdivisions | — |  |  | — |  |  | 8,793 |  |  | (160 | ) |  | 8,793 |  |  | (160 | )
Total securities available for sale | $ | 369 |  |  | $ | (2 | ) |  | $ | 69,174 |  |  | $ | (1,232 | ) |  | $ | 69,543 |  |  | $ | (1,234 | )
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | — |  |  | $ | — |  |  | $ | 13,861 |  |  | $ | (332 | ) |  | $ | 13,861 |  |  | $ | (332 | )
Obligations of states and political subdivisions | — |  |  | — |  |  | 761 |  |  | (2 | ) |  | 761 |  |  | (2 | )
Total securities held to maturity | $ | — |  |  | $ | — |  |  | $ | 14,622 |  |  | $ | (334 | ) |  | $ | 14,622 |  |  | $ | (334 | )
Total securities | $ | 369 |  |  | $ | (2 | ) |  | $ | 83,796 |  |  | $ | (1,566 | ) |  | $ | 84,165 |  |  | $ | (1,568 | )
| December 31, 2018
| Less than 12 months |  | 12 months or more |  | Total
| Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss) |  | Fair Value |  | Unrealized (Loss)
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | 26,350 |  |  | $ | (215 | ) |  | $ | 49,652 |  |  | $ | (1,851 | ) |  | $ | 76,002 |  |  | $ | (2,066 | )
Obligations of states and political subdivisions | 3,761 |  |  | (25 | ) |  | 5,127 |  |  | (274 | ) |  | 8,888 |  |  | (299 | )
Total securities available for sale | $ | 30,111 |  |  | $ | (240 | ) |  | $ | 54,779 |  |  | $ | (2,125 | ) |  | $ | 84,890 |  |  | $ | (2,365 | )
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities | $ | — |  |  | $ | — |  |  | $ | 26,551 |  |  | $ | (869 | ) |  | $ | 26,551 |  |  | $ | (869 | )
Obligations of states and political subdivisions | 5,326 |  |  | (37 | ) |  | 6,115 |  |  | (137 | ) |  | 11,441 |  |  | (174 | )
Total securities held to maturity | $ | 5,326 |  |  | $ | (37 | ) |  | $ | 32,666 |  |  | $ | (1,006 | ) |  | $ | 37,992 |  |  | $ | (1,043 | )
Total securities | $ | 35,437 |  |  | $ | (277 | ) |  | $ | 87,445 |  |  | $ | (3,131 | ) |  | $ | 122,882 |  |  | $ | (3,408 | )
Amortized Cost and Fair Value of Securities | The amortized cost and fair value of securities at March 31, 2019 by contractual maturity are shown below (in thousands). Expected maturities of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties.
| Available for Sale |  | Held to Maturity
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due within one year | $ | 1,836 |  |  | $ | 1,844 |  |  | $ | 185 |  |  | $ | 185 |
Due after one year through five years | 9,009 |  |  | 8,992 |  |  | 4,179 |  |  | 4,159 |
Due after five years through ten years | 27,051 |  |  | 27,048 |  |  | 4,586 |  |  | 4,565 |
Due after ten years | 84,092 |  |  | 83,318 |  |  | 10,539 |  |  | 10,281 |
| $ | 121,988 |  |  | $ | 121,202 |  |  | $ | 19,489 |  |  | $ | 19,190 |
Composition of Restricted Securities | The composition of restricted securities at March 31, 2019 and December 31, 2018 was as follows (in thousands):
| March 31, 2019 |  | December 31, 2018
Federal Home Loan Bank stock | $ | 776 |  |  | $ | 763 |
Federal Reserve Bank stock | 875 |  |  | 875 |
Community Bankers’ Bank stock | 50 |  |  | 50 |
| $ | 1,701 |  |  | $ | 1,688 |

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