XML 55 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Investments [Abstract]  
Schedule of Available for Sale and Held for Maturity Securities Reconciliation [Table Text Block]
The cost basis and fair values of investment securities are summarized as follows:
Investment securities available for sale:
 
 
AT DECEMBER 31, 2018
 
  
 
COST 
BASIS
 
 
GROSS

UNREALIZED

GAINS
 
 
GROSS

UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
  
 
(IN THOUSANDS)
 
U.S. Agency
 
$
7,685
 
 
$
4
 
 
$
(160
)
 
$
7,529
 
Municipal
 
 
13,301
 
 
 
114
 
 
 
(234
)
 
 
13,181
 
Corporate bonds
 
 
37,359
 
 
 
131
 
 
 
(996
)
 
 
36,494
 
U.S. Agency mortgage-backed securities
 
 
90,169
 
 
 
516
 
 
 
(1,158
)
 
 
89,527
 
Total
 
$
148,514
 
 
$
765
 
 
$
(2,548
)
 
$
146,731
 
Investment securities held to maturity:
 
 
AT DECEMBER 31, 2018
 
  
 
COST

BASIS
 
 
GROSS

UNREALIZED

GAINS
 
 
GROSS

UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
  
 
(IN THOUSANDS)
 
U.S. Agency mortgage-backed securities
 
$
9,983
 
 
$
78
 
 
$
(132
)
 
$
9,929
 
Municipal
 
 
24,740
 
 
 
131
 
 
 
(404
)
 
 
24,467
 
Corporate bonds and other securities
 
 
6,037
 
 
 
13
 
 
 
(122
)
 
 
5,928
 
Total
 
$
40,760
 
 
$
222
 
 
$
(658
)
 
$
40,324
 
Investment securities available for sale:
 
 
AT DECEMBER 31, 2017
 
  
 
COST

BASIS
 
 
GROSS

UNREALIZED

GAINS
 
 
GROSS

UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
  
 
(IN THOUSANDS)
 
U.S. Agency
 
$
6,612
 
 
$
—
 
 
$
(40
)
 
$
6,572
 
Municipal
 
 
7,198
 
 
 
27
 
 
 
(189
)
 
 
7,036
 
Corporate bonds
 
 
35,886
 
 
 
322
 
 
 
(424
)
 
 
35,784
 
U.S. Agency mortgage-backed securities
 
 
79,854
 
 
 
611
 
 
 
(719
)
 
 
79,746
 
Total
 
$
129,550
 
 
$
960
 
 
$
(1,372
)
 
$
129,138
 
Investment securities held to maturity:
 
 
AT DECEMBER 31, 2017
 
  
 
COST

BASIS
 
 
GROSS

UNREALIZED

GAINS
 
 
GROSS

UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
  
 
(IN THOUSANDS)
 
U.S. Agency mortgage-backed securities
 
$
9,740
 
 
$
149
 
 
$
(45
)
 
$
9,844
 
Municipal
 
 
22,970
 
 
 
203
 
 
 
(238
)
 
 
22,935
 
Corporate bonds and other securities
 
 
6,042
 
 
 
38
 
 
 
(48
)
 
 
6,032
 
Total
 
$
38,752
 
 
$
390
 
 
$
(331
)
 
$
38,811
 
Schedule of Contractual Maturities of Securities [Table Text Block]
Investment securities available for sale:
AT DECEMBER 31, 2018
 
  
 
U. S. AGENCY
 
 
U.S. AGENCY

MORTGAGE-BACKED

SECURITIES
 
 
CORPORATE

BONDS
 
 
MUNICIPAL
 
TOTAL INVESTMENT

SECURITIES

AVAILABLE

FOR SALE
 
(IN THOUSANDS, EXCEPT YIELDS)
 
COST BASIS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
 
$
—
 
 
 
—
%
 
$
26
 
 
 
3.29
%
 
$
1,000
 
 
 
2.69
%
 
$
—
 
 
 
—
%
 
$
1,026
 
 
 
2.71
%
After 1 year but within 5 years
 
 
2,400
 
 
 
2.91
 
 
 
1,334
 
 
 
1.86
 
 
 
15,656
 
 
 
3.80
 
 
 
1,987
 
 
 
2.86
 
 
 
21,377
 
 
 
3.49
 
After 5 years but within 10 years
 
 
2,443
 
 
 
2.94
 
 
 
10,977
 
 
 
3.00
 
 
 
20,703
 
 
 
4.22
 
 
 
11,314
 
 
 
3.27
 
 
 
45,437
 
 
 
3.61
 
After 10 years but within 15 years
 
 
—
 
 
 
—
 
 
 
27,295
 
 
 
2.82
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
27,295
 
 
 
2.82
 
Over 15 years
 
 
2,842
 
 
 
2.69
 
 
 
50,537
 
 
 
2.97
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
53,379
 
 
 
2.96
 
Total
 
$
7,685
 
 
 
2.84
 
 
$
90,169
 
 
 
2.91
 
 
$
37,359
 
 
 
4.00
 
 
$
13,301
 
 
 
3.21
 
 
$
148,514
 
 
 
3.21
 
FAIR VALUE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
 
$
—
 
 
 
 
 
 
$
26
 
 
 
 
 
 
$
995
 
 
 
 
 
 
$
—
 
 
 
 
 
 
$
1,021
 
 
 
 
 
After 1 year but within 5 years
 
 
2,386
 
 
 
 
 
 
 
1,320
 
 
 
 
 
 
 
15,380
 
 
 
 
 
 
 
1,981
 
 
 
 
 
 
 
21,067
 
 
 
 
 
After 5 years but within 10 years
 
 
2,401
 
 
 
 
 
 
 
10,986
 
 
 
 
 
 
 
20,119
 
 
 
 
 
 
 
11,200
 
 
 
 
 
 
 
44,706
 
 
 
 
 
After 10 years but within 15 years
 
 
—
 
 
 
 
 
 
 
27,012
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
27,012
 
 
 
 
 
Over 15 years
 
 
2,742
 
 
 
 
 
 
 
50,183
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
52,925
 
 
 
 
 
Total
 
$
7,529
 
 
 
 
 
 
$
89,527
 
 
 
 
 
 
$
36,494
 
 
 
 
 
 
$
13,181
 
 
 
 
 
 
$
146,731
 
 
 
 
 
 
   Investment securities held to maturity:
 
 
 
AT DECEMBER 31, 2018
 
  
 
U.S. AGENCY

MORTGAGE-BACKED

SECURITIES
 
 
CORPORATE

BONDS AND OTHER
 
 
MUNICIPAL
 
TOTAL INVESTMENT

SECURITIES HELD TO

MATURITY
 
  
 
(IN THOUSANDS, EXCEPT YIELDS)
 
COST BASIS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
 
$
—
 
 
 
—
%
 
$
1,000
 
 
 
1.65
%
 
$
—
 
 
 
—
% 
 
$
1,000
 
 
 
1.65
%
After 1 year but within 5 years
 
 
902
 
 
 
2.09
 
 
 
2,000
 
 
 
3.40
 
 
 
1,176
 
 
 
2.96
 
 
 
4,078
 
 
 
2.98
 
After 5 years but within 10 years
 
 
1,127
 
 
 
2.82
 
 
 
3,037
 
 
 
4.40
 
 
 
15,477
 
 
 
3.38
 
 
 
19,641
 
 
 
3.51
 
After 10 years but within 15 years
 
 
2,662
 
 
 
3.68
 
 
 
—
 
 
 
—
 
 
 
7,772
 
 
 
3.90
 
 
 
10,434
 
 
 
3.84
 
Over 15 years
 
 
5,292
 
 
 
3.17
 
 
 
—
 
 
 
—
 
 
 
315
 
 
 
3.50
 
 
 
5,607
 
 
 
3.19
 
Total
 
$
9,983
 
 
 
3.17
 
 
$
6,037
 
 
 
3.61
 
 
$
24,740
 
 
 
3.52
 
 
$
40,760
 
 
 
3.45
 
FAIR VALUE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Within 1 year
 
$
—
 
 
 
 
 
 
$
944
 
 
 
 
 
 
$
—
 
 
 
 
 
 
$
944
 
 
 
 
 
After 1 year but within 5 years
 
 
882
 
 
 
 
 
 
 
1,982
 
 
 
 
 
 
 
1,171
 
 
 
 
 
 
 
4,035
 
 
 
 
 
After 5 years but within 10 years
 
 
1,123
 
 
 
 
 
 
 
3,002
 
 
 
 
 
 
 
15,296
 
 
 
 
 
 
 
19,421
 
 
 
 
 
After 10 years but within 15 years
 
 
2,702
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
7,706
 
 
 
 
 
 
 
10,408
 
 
 
 
 
Over 15 years
 
 
5,222
 
 
 
 
 
 
 
—
 
 
 
 
 
 
 
294
 
 
 
 
 
 
 
5,516
 
 
 
 
 
Total
 
$
9,929
 
 
 
 
 
 
$
5,928
 
 
 
 
 
 
$
24,467
 
 
 
 
 
 
$
40,324
 
 
 
 
 
Schedule of Unrealized Loss on Investments [Table Text Block]
The following table presents information concerning investments with unrealized losses as of December 31, 2018 (in thousands):
 
Total investment securities:
 
LESS THAN 12 MONTHS
 
 
12 MONTHS OR LONGER
 
 
TOTAL
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
U.S. Agency
 
$
244
 
 
$
(6
)
 
$
5,631
 
 
$
(154
)
 
$
5,875
 
 
$
(160
)
U.S. Agency mortgage-backed securities
 
 
17,718
 
 
 
(177
)
 
 
39,983
 
 
 
(1,113
)
 
 
57,701
 
 
 
(1,290
)
Municipal
 
 
6,601
 
 
 
(71
)
 
 
15,880
 
 
 
(567
)
 
 
22,481
 
 
 
(638
)
Corporate bonds and other securities
 
 
15,221
 
 
 
(440
)
 
 
17,038
 
 
 
(678
)
 
 
32,259
 
 
 
(1,118
)
Total
 
$
39,784
 
 
$
(694
)
 
$
78,532
 
 
$
(2,512
)
 
$
118,316
 
 
$
(3,206
)
 
The following table presents information concerning investments with unrealized losses as of December 31, 2017 (in thousands):
 
Total investment securities:
 
LESS THAN 12 MONTHS
 
 
12 MONTHS OR LONGER
 
 
TOTAL
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
 
FAIR

VALUE
 
 
UNREALIZED

LOSSES
 
U.S. Agency
 
$
5,923
 
 
$
(39
)
 
$
399
 
 
$
(1
)
 
$
6,322
 
 
$
(40
)
U.S. Agency mortgage-backed securities
 
 
36,783
 
 
 
(253
)
 
 
22,625
 
 
 
(511
)
 
 
59,408
 
 
 
(764
)
Municipal
 
 
8,657
 
 
 
(109
)
 
 
7,727
 
 
 
(318
)
 
 
16,384
 
 
 
(427
)
Corporate bonds and other securities
 
 
7,123
 
 
 
(71
)
 
 
13,655
 
 
 
(401
)
 
 
20,778
 
 
 
(472
)
Total
 
$
58,486
 
 
$
(472
)
 
$
44,406
 
 
$
(1,231
)
 
$
102,892
 
 
$
(1,703
)