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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Available-for-Sale and Held-to-Maturity

Details of investment securities available-for-sale and held-to-maturity as of December 31, 2014 and 2013 are as follows:

 

     Available-for-Sale  
     December 31, 2014  
     Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 
     (Dollars in Thousands)  

Mortgage-backed securities:

          

Residential

   $ 139,980       $ 1,896       $ (192   $ 141,684   

Commercial

     35,873         164         (93     35,944   

Obligations of states and political subdivisions

     15,673         1,241         —          16,914   

Obligations of U.S. government-sponsored agencies

     6,360         5         (1     6,364   

U.S. Treasury securities

     4,153         —           (93     4,060   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 202,039       $ 3,306       $ (379   $ 204,966   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     Held-to-Maturity  
     December 31, 2014  
     Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 
     (Dollars in Thousands)  

Mortgage-backed securities:

          

Commercial

   $ 10,666       $ 65       $ (2   $ 10,729   

Obligations of U.S. government-sponsored agencies

     17,870         19         (52     17,837   

Obligations of states and political subdivisions

     584         4         —          588   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 29,120       $ 88       $ (54   $ 29,154   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     Available-for-Sale  
     December 31, 2013  
     Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 
     (Dollars in Thousands)  

Mortgage-backed securities:

          

Residential

   $ 82,840       $ 1,479       $ (885   $ 83,434   

Commercial

     30,677         143         (355     30,465   

Obligations of states and political subdivisions

     16,230         799         (2     17,027   

U.S. Treasury securities

     4,161         —           (334     3,827   

Obligations of U.S. government-sponsored agencies

     1,000         1         —          1,001   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 134,908       $ 2,422       $ (1,576   $ 135,754   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     Held-to-Maturity  
     December 31, 2013  
     Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 
     (Dollars in Thousands)  

Obligations of U.S. government-sponsored agencies

   $ 35,050       $ —         $ (1,685   $ 33,365   
  

 

 

    

 

 

    

 

 

   

 

 

 
Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity

The scheduled maturities of investment securities available-for-sale and held-to-maturity as of December 31, 2014 are presented in the following table:

 

     Available-for-Sale      Held-to-Maturity  
     Amortized
Cost
     Estimated
Fair
Value
     Amortized
Cost
     Estimated
Fair
Value
 
     (Dollars in Thousands)  

Maturing within one year

   $ 364       $ 365       $ —         $ —     

Maturing after one to five years

     7,986         8,378         —           —     

Maturing after five to ten years

     125,908         126,974         2,738         2,759   

Maturing after ten years

     67,781         69,249         26,382         26,395   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 202,039       $ 204,966       $ 29,120       $ 29,154   
  

 

 

    

 

 

    

 

 

    

 

 

 
Investments' Gross Unrealized Losses and Fair Value

The following table reflects the Company’s investments’ 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, as of December 31, 2014 and 2013.

 

     Available-for-Sale  
     December 31, 2014  
     Less than 12 Months      12 Months or More  
     Fair
Value
     Unrealized
Losses
     Fair
Value
     Unrealized
Losses
 
     (Dollars in Thousands)  

Mortgage-backed securities:

           

Residential

   $ 24,459       $ (67    $ 7,630       $ (125

Commercial

     19,069         (70      1,304         (23

Obligations of U.S. government-sponsored agencies

     1,999         (1      —           —     

Obligations of states and political subdivisions

     269         —           —           —     

U.S. Treasury securities

     80         —           3,980         (93
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 45,876       $ (138    $ 12,914       $ (241
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Held-to-Maturity  
     December 31, 2014  
     Less than 12 Months      12 Months or More  
     Fair
Value
     Unrealized
Losses
     Fair
Value
     Unrealized
Losses
 
     (Dollars in Thousands)  

Obligations of U.S. government-sponsored agencies

   $ —         $ —         $ 11,664       $ (52

Mortgage-backed securities:

           

Commercial

     538         (2      —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 538       $ (2    $ 11,664       $ (52
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Available-for-Sale  
     December 31, 2013  
     Less than 12 Months      12 Months or More  
     Fair
Value
     Unrealized
Losses
     Fair
Value
     Unrealized
Losses
 
     (Dollars in Thousands)  

Mortgage-backed securities:

           

Residential

   $ 43,091       $ (885    $ —         $ —     

Commercial

     21,231         (337      271         (18

Obligations of states and political subdivisions

     1,050         (2      —           —     

U.S. Treasury securities

     3,748         (334      —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 69,120       $ (1,558    $ 271       $ (18
  

 

 

    

 

 

    

 

 

    

 

 

 
     Held-to-Maturity  
     December 31, 2013  
     Less than 12 Months      12 Months or More  
     Fair
Value
     Unrealized
Losses
     Fair
Value
     Unrealized
Losses
 
     (Dollars in Thousands)  

Obligations of U.S. government-sponsored agencies

   $ 33,365       $ (1,685    $ —         $ —