XML 20 R25.htm IDEA: XBRL DOCUMENT v3.3.0.814
Investment Securities (Tables)
9 Months Ended
Sep. 30, 2015
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 September 30, 2015 and December 31, 2014 are as follows:

 

 

 

Available-for-Sale

 

 

 

September 30, 2015

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

137,596

 

 

$

1,236

 

 

$

(328

)

 

$

138,504

 

Commercial

 

 

46,371

 

 

 

196

 

 

 

(574

)

 

 

45,993

 

Obligations of states and political subdivisions

 

 

14,448

 

 

 

918

 

 

 

(8

)

 

 

15,358

 

Obligations of U.S. government-sponsored agencies

 

 

4,000

 

 

 

2

 

 

 

(6

)

 

 

3,996

 

Corporate notes

 

 

786

 

 

 

2

 

 

 

 

 

 

788

 

U.S. Treasury securities

 

 

80

 

 

 

 

 

 

 

 

 

80

 

Total

 

$

203,281

 

 

$

2,354

 

 

$

(916

)

 

$

204,719

 

 

 

 

Held-to-Maturity

 

 

 

September 30, 2015

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

16,144

 

 

$

41

 

 

$

(103

)

 

$

16,082

 

Obligations of U.S. government-sponsored agencies

 

 

15,831

 

 

 

33

 

 

 

(36

)

 

 

15,828

 

Obligations of states and political subdivisions

 

 

2,315

 

 

 

1

 

 

 

(4

)

 

 

2,312

 

Total

 

$

34,290

 

 

$

75

 

 

$

(143

)

 

$

34,222

 

 

 

 

Available-for-Sale

 

 

 

December 31, 2014

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

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

 

 

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 September 30, 2015 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

 

$

192

 

 

$

193

 

 

$

 

 

$

 

Maturing after one to five years

 

 

8,254

 

 

 

8,573

 

 

 

713

 

 

 

708

 

Maturing after five to ten years

 

 

118,098

 

 

 

118,661

 

 

 

10,832

 

 

 

10,859

 

Maturing after ten years

 

 

76,737

 

 

 

77,292

 

 

 

22,745

 

 

 

22,655

 

Total

 

$

203,281

 

 

$

204,719

 

 

$

34,290

 

 

$

34,222

 

 

Investments' Gross Unrealized Losses and Fair Value

The following table reflects 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 September 30, 2015 and December 31, 2014.

 

 

 

Available-for-Sale

 

 

 

September 30, 2015

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

58,366

 

 

$

(203

)

 

$

6,649

 

 

$

(125

)

Commercial

 

 

28,077

 

 

 

(203

)

 

 

6,111

 

 

 

(371

)

Obligations of U.S. government-sponsored agencies

 

 

1,993

 

 

 

(6

)

 

 

 

 

 

 

Obligations of states and political subdivisions

 

 

445

 

 

 

(8

)

 

 

 

 

 

 

Total

 

$

88,881

 

 

$

(420

)

 

$

12,760

 

 

$

(496

)

 

 

 

Held-to-Maturity

 

 

 

September 30, 2015

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Commercial

 

$

13,891

 

 

$

(103

)

 

$

 

 

$

 

Obligations of U.S. government-sponsored agencies

 

 

3,205

 

 

 

(4

)

 

 

1,614

 

 

 

(32

)

Obligations of states and political subdivisions

 

 

933

 

 

 

(4

)

 

 

 

 

 

 

Total

 

$

18,029

 

 

$

(111

)

 

$

1,614

 

 

$

(32

)

 

 

 

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

)