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2. Investment Securities (Tables)

12 Months Ended

Dec. 31, 2018

Investment Securities Tables Abstract

Investment securities available for sale

(Dollars in thousands)

		December 31, 2018
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Mortgage-backed securities		$	52,145				516				558				52,103
U.S. Government
sponsored enterprises			35,356				71				793				34,634
State and political subdivisions			105,545				2,089				43				107,591
Trust preferred securities			250				—				—				250
Total		$	193,296				2,676				1,394				194,578

(Dollars in thousands)

		December 31, 2017
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Mortgage-backed securities		$	53,124				814				329				53,609
U.S. Government
sponsored enterprises			40,504				140				264				40,380
State and political subdivisions			129,276				4,310				16				133,570
Corporate bonds			1,500				12				—				1,512
Trust preferred securities			250				—				—				250
Total		$	224,654				5,276				609				229,321

Current fair value and associated unrealized losses on investments in debt securities with unrealized losses

(Dollars in thousands)                                    

		December 31, 2018
		Less than 12 Months								12 Months or More								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage-backed securities		$	6,932				56				17,670				502				24,602				558
U.S. Government
sponsored enterprises			1,784				69				25,172				724				26,956				793
State and political subdivisions			4,815				26				1,578				17				6,393				43
Total		$	13,531				151				44,420				1,243				57,951				1,394

(Dollars in thousands)                                    

		December 31, 2017
		Less than 12 Months								12 Months or More								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage-backed securities		$	8,701				75				11,259				254				19,960				329
U.S. Government
sponsored enterprises			12,661				98				10,067				166				22,728				264
State and political subdivisions			798				2				1,501				14				2,299				16
Total		$	22,160				175				22,827				434				44,987				609

Amortized cost and estimated fair value of investment securities available for sale by contractual maturity

December 31, 2018
(Dollars in thousands)
		Amortized Cost				Estimated Fair Value
Due within one year		$	21,379				21,426
Due from one to five years			80,932				82,325
Due from five to ten years			32,271				32,174
Due after ten years			6,569				6,550
Mortgage-backed securities			52,145				52,103
Total		$	193,296				194,578

Available for sale securities measured at fair value on a recurring basis

(Dollars in thousands)
		December 31, 2018
		Fair Value Measurements				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage-backed securities		$	52,103				—				52,103				—
U.S. Government
sponsored enterprises		$	34,634				—				34,634				—
State and political subdivisions		$	107,591				—				107,591				—
Trust preferred securities		$	250				—				—				250

(Dollars in thousands)
		December 31, 2017
		Fair Value Measurements				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage-backed securities		$	53,609				—				53,609				—
U.S. Government
sponsored enterprises		$	40,380				—				40,380				—
State and political subdivisions		$	133,570				—				133,570				—
Corporate bonds		$	1,512				—				1,512				—
Trust preferred securities		$	250				—				—				250

Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs

(Dollars in thousands)
		Investment Securities Available for Sale
		Level 3 Valuation
Balance, beginning of period		$	250
Change in book value			—
Change in gain/(loss) realized and unrealized			—
Purchases/(sales and calls)			—
Transfers in and/or (out) of Level 3			—
Balance, end of period		$	250
Change in unrealized gain/(loss) for assets still held in Level 3		$	—

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