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Securities (Tables)
 9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The following tables summarize securities available-for-sale and securities held-to-maturity as of September 30, 2018 and December 31, 2017.
 
 
September 30, 2018
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
115,176

 
$
20

 
$
(2,436
)
 
$
112,760

Municipal securities
 
97,160

 
39

 
(6,119
)
 
91,080

Mortgage-backed securities
 
237,703

 
33

 
(12,044
)
 
225,692

Asset-backed securities
 
5,003

 
—

 
(43
)
 
4,960

Corporate securities
 
36,684

 
41

 
(2,220
)
 
34,505

Total available-for-sale
 
$
491,726

 
$
133

 
$
(22,862
)
 
$
468,997
Schedule Of Held-To-Maturity Securities Reconciliation
 
 
September 30, 2018
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities held-to-maturity
 
 

 
 

 
 

 
 

Municipal securities
 
$
10,159

 
$
—

 
$
(640
)
 
$
9,519

Corporate securities
 
10,041

 
24

 
(74
)
 
9,991

Total held-to-maturity
 
$
20,200

 
$
24

 
$
(714
)
 
$
19,510

 
 
December 31, 2017
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
133,424

 
$
531

 
$
(765
)
 
$
133,190

Municipal securities
 
97,370

 
366

 
(1,359
)
 
96,377

Mortgage-backed securities
 
215,452

 
15

 
(5,747
)
 
209,720

Asset-backed securities
 
5,000

 
9

 
—

 
5,009

Corporate securities
 
27,111

 
103

 
(1,167
)
 
26,047

Other securities
 
3,000

 
—

 
(68
)
 
2,932

Total available-for-sale
 
$
481,357

 
$
1,024

 
$
(9,106
)
 
$
473,275


 
 
December 31, 2017
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities held-to-maturity
 
 

 
 

 
 

 
 

Municipal securities
 
$
10,164

 
$
40

 
$
(357
)
 
$
9,847

Corporate securities
 
9,045

 
191

 
—

 
9,236

Total held-to-maturity
 
$
19,209

 
$
231

 
$
(357
)
 
$
19,083
Schedule of Classification of Available for Sale Securities Investment
The following tables summarize securities available-for-sale and securities held-to-maturity as of September 30, 2018 and December 31, 2017.
 
 
September 30, 2018
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
115,176

 
$
20

 
$
(2,436
)
 
$
112,760

Municipal securities
 
97,160

 
39

 
(6,119
)
 
91,080

Mortgage-backed securities
 
237,703

 
33

 
(12,044
)
 
225,692

Asset-backed securities
 
5,003

 
—

 
(43
)
 
4,960

Corporate securities
 
36,684

 
41

 
(2,220
)
 
34,505

Total available-for-sale
 
$
491,726

 
$
133

 
$
(22,862
)
 
$
468,997


 
 
September 30, 2018
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities held-to-maturity
 
 

 
 

 
 

 
 

Municipal securities
 
$
10,159

 
$
—

 
$
(640
)
 
$
9,519

Corporate securities
 
10,041

 
24

 
(74
)
 
9,991

Total held-to-maturity
 
$
20,200

 
$
24

 
$
(714
)
 
$
19,510

 
 
December 31, 2017
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored agencies
 
$
133,424

 
$
531

 
$
(765
)
 
$
133,190

Municipal securities
 
97,370

 
366

 
(1,359
)
 
96,377

Mortgage-backed securities
 
215,452

 
15

 
(5,747
)
 
209,720

Asset-backed securities
 
5,000

 
9

 
—

 
5,009

Corporate securities
 
27,111

 
103

 
(1,167
)
 
26,047

Other securities
 
3,000

 
—

 
(68
)
 
2,932

Total available-for-sale
 
$
481,357

 
$
1,024

 
$
(9,106
)
 
$
473,275
Available-for-sale Securities
The carrying value of securities at September 30, 2018 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
One to five years
 
$
425

 
$
403

Five to ten years
 
63,004

 
61,057

After ten years
 
185,591

 
176,885

 
 
249,020

 
238,345

Mortgage-backed securities
 
237,703

 
225,692

Asset-backed securities
 
5,003

 
4,960

Total
 
$
491,726

 
$
468,997
Held-to-maturity Securities
 
 
Held-to-Maturity
 
 
Amortized
Cost
 
Fair
Value
Five to ten years
 
$
14,286

 
$
13,956

After ten years
 
5,914

 
5,554

Total
 
$
20,200

 
$
19,510
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The unrealized losses on the Company’s investments in mortgage-backed securities were caused by interest rate changes. The Company expects to recover the amortized cost bases over the term of the securities. Because the Company does not intend to sell the investments and it is not likely that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be upon maturity, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2018.

 
 
September 30, 2018
 
 
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
 
$
75,589

 
$
(1,019
)
 
$
31,049

 
$
(1,417
)
 
$
106,638

 
$
(2,436
)
Municipal securities
 
30,647

 
(1,292
)
 
56,008

 
(4,827
)
 
86,655

 
(6,119
)
Mortgage-backed securities
 
55,063

 
(1,061
)
 
167,901

 
(10,983
)
 
222,964

 
(12,044
)
Asset-backed securities
 
4,960

 
(43
)
 
—

 
—

 
4,960

 
(43
)
Corporate securities
 
9,548

 
(33
)
 
19,813

 
(2,187
)
 
29,361

 
(2,220
)
Total
 
$
175,807

 
$
(3,448
)
 
$
274,771

 
$
(19,414
)
 
$
450,578

 
$
(22,862
)
 
 
September 30, 2018
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities held-to-maturity
 
 

 
 

 
 

 
 

 
 

 
 

Municipal securities
 
$
9,519

 
$
(640
)
 
$
—

 
$
—

 
$
9,519

 
$
(640
)
Corporate securities
 
6,467

 
(74
)
 
—

 
—

 
6,467

 
(74
)
Total
 
$
15,986

 
$
(714
)
 
$
—

 
$
—

 
$
15,986

 
$
(714
)

 
 
 
December 31, 2017
 
 
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
 
$
30,194

 
$
(256
)
 
$
22,824

 
$
(509
)
 
$
53,018

 
$
(765
)
Municipal securities
 
5,638

 
(77
)
 
57,128

 
(1,282
)
 
62,766

 
(1,359
)
Mortgage-backed securities
 
29,542

 
(251
)
 
177,266

 
(5,496
)
 
206,808

 
(5,747
)
Corporate securities
 
1,852

 
(148
)
 
18,981

 
(1,019
)
 
20,833

 
(1,167
)
Other securities
 
—

 
—

 
2,932

 
(68
)
 
2,932

 
(68
)
Total
 
$
67,226

 
$
(732
)
 
$
279,131

 
$
(8,374
)
 
$
346,357

 
$
(9,106
)
Reclassification out of Accumulated Other Comprehensive Income
 
 
December 31, 2017
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities held-to-maturity
 
 

 
 

 
 

 
 

 
 

 
 

Municipal securities
 
$
8,255

 
$
(357
)
 
$
—

 
$
—

 
$
8,255

 
$
(357
)
Total
 
$
8,255

 
$
(357
)
 
$
—

 
$
—

 
$
8,255

 
$
(357
)

There were no amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statements of income during the three and nine months ended September 30, 2018. Amounts reclassified from accumulated other comprehensive loss and the affected line items in the condensed consolidated statements of income during the three and nine months ended September 30, 2017 were as follows:
Amounts reclassified from accumulated other comprehensive loss and the affected line items in the condensed consolidated statements of income during the three and nine months ended September 30, 2017 were as follows:

Details About Accumulated Other Comprehensive Loss Components
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss for the
 
Affected Line Item in the
Statements of Income
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
Realized gains and losses on securities available-for-sale
 
 

 
 

 
 
Loss realized in earnings
 
$
(8
)
 
$
(8
)
 
Other
Total reclassified amount before tax
 
(8
)
 
(8
)
 
Income Before Income Taxes
Tax benefit
 
(3
)
 
(3
)
 
Income Tax Provision
Total reclassifications out of accumulated other comprehensive loss
 
$
(5
)
 
$
(5
)
 
Net Income