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Securities (Tables)
6 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Classification of Available for Sale Securities Investment
June 30, 2015 and December 31, 2014.
 
 
June 30, 2015
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
27,993

 
$
127

 
$
(548
)
 
$
27,572

Municipal securities
 
15,219

 

 
(440
)
 
14,779

Mortgage-backed securities
 
107,055

 
192

 
(573
)
 
106,674

Asset-backed securities
 
19,430

 
23

 
(1
)
 
19,452

Corporate securities
 
20,000

 

 
(695
)
 
19,305

Other securities
 
3,000

 

 
(15
)
 
2,985

Total available-for-sale
 
$
192,697

 
$
342

 
$
(2,272
)
 
$
190,767

 
 
 
December 31, 2014
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
13,680

 
$
129

 
$
(257
)
 
$
13,552

Mortgage-backed securities
 
117,134

 
282

 
(368
)
 
117,048

Asset-backed securities
 
4,913

 

 
(1
)
 
4,912

Other securities
 
2,000

 
6

 

 
2,006

Total available-for-sale
 
$
137,727

 
$
417

 
$
(626
)
 
$
137,518

Available-for-sale Securities
The carrying value of securities at June 30, 2015 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
 
Available-for-Sale
 
 
Amortized
Cost
 
Fair
Value
Within one year
 
$

 
$

One to five years
 

 

Five to ten years
 
22,848

 
22,352

After ten years
 
40,364

 
39,304

 
 
63,212

 
61,656

Mortgage-backed securities
 
107,055

 
106,674

Asset-backed securities
 
19,430

 
19,452

Other securities
 
3,000

 
2,985

Total
 
$
192,697

 
$
190,767

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables show the securities portfolio's gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2015 and December 31, 2014
 
 
June 30, 2015
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available-for-sale
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
10,425

 
$
(307
)
 
$
8,364

 
$
(241
)
 
$
18,789

 
$
(548
)
Municipal securities
 
14,779

 
(440
)
 

 

 
14,779

 
(440
)
Mortgage-backed securities
 
59,028

 
(218
)
 
19,945

 
(355
)
 
78,973

 
(573
)
Asset-backed securities
 
5,080

 
(1
)
 

 

 
5,080

 
(1
)
Corporate securities
 
19,305

 
(695
)
 

 

 
19,305

 
(695
)
Other securities
 
2,985

 
(15
)
 

 

 
2,985

 
(15
)
Total
 
$
111,602

 
$
(1,676
)
 
$
28,309

 
$
(596
)
 
$
139,911

 
$
(2,272
)
  
 
 
December 31, 2014
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available-for-sale
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
801

 
$
(10
)
 
$
8,719

 
$
(247
)
 
$
9,520

 
$
(257
)
Mortgage-backed securities
 
51,204

 
(57
)
 
21,237

 
(311
)
 
72,441

 
(368
)
Asset-backed securities
 
4,912

 
(1
)
 

 

 
4,912

 
(1
)
Total
 
$
56,917

 
$
(68
)
 
$
29,956

 
$
(558
)
 
$
86,873

 
$
(626
)
Other than Temporary Impairment, Credit Losses Recognized in Earnings
The following tables provide information about debt securities for which only a credit loss was recognized in income and other losses are recorded in accumulated other comprehensive loss. The Company did not own any OTTI securities during the three or six months ended June 30, 2015.  
 
Accumulated Credit Losses
Credit losses on debt securities held
 

April 1, 2014
$
1,150

Realized losses related to OTTI
(1,106
)
Recoveries related to OTTI
(44
)
June 30, 2014
$


 
Accumulated Credit Losses
Credit losses on debt securities held
 

January 1, 2014
$
1,183

Realized losses related to OTTI
(1,139
)
Recoveries related to OTTI
(44
)
June 30, 2014
$


Schedule of Accumulated Other Comprehensive Income (Loss)
Amounts reclassified from accumulated other comprehensive loss and the affected line items in the condensed consolidated statements of income during the three and six months ended June 30, 2014, were as follows:
Details About Accumulated Other Comprehensive Loss Components
 
Amounts Reclassified from Accumulated Other
Comprehensive Loss for the
Three Months Ended June 30, 2014
 
Affected Line Item in the
Statements of Income
Unrealized gains and losses on securities available for sale
 
 

 
 
Gain realized in earnings
 
$
125

 
Gain on sale of securities
Total reclassified amount before tax
 
125

 
Income Before Income Taxes
Tax expense
 
39

 
Income Tax Provision
Total reclassifications out of accumulated other comprehensive loss
 
$
86

 
Net Income