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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Investments [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The cost basis and fair values of investment securities are summarized as follows (in thousands):
 
Investment securities available for sale (AFS):
 
 
 
March 31, 2019
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Cost
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
 
 
Basis
 
 
Gains
 
 
Losses
 
 
Value
 
US Agency
 
$
7,606
 
 
$
3
 
 
$
(65
)
 
$
7,544
 
US Agency mortgage-backed securities
 
 
94,806
 
 
 
983
 
 
 
(537
)
 
 
95,252
 
Municipal
 
 
13,298
 
 
 
228
 
 
 
(110
)
 
 
13,416
 
Corporate bonds
 
 
38,334
 
 
 
127
 
 
 
(648
)
 
 
37,813
 
Total
 
$
154,044
 
 
$
1,341
 
 
$
(1,360
)
 
$
154,025
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities held to maturity (HTM):
 
 
 
March 31, 2019
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Cost
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
 
 
Basis
 
 
Gains
 
 
Losses
 
 
Value
 
US Agency mortgage-backed securities
 
$
9,764
 
 
$
137
 
 
$
(53
)
 
$
9,848
 
Municipal
 
 
24,729
 
 
 
341
 
 
 
(151
)
 
 
24,919
 
Corporate bonds and other securities
 
 
6,035
 
 
 
6
 
 
 
(78
)
 
 
5,963
 
Total
 
$
40,528
 
 
$
484
 
 
$
(282
)
 
$
40,730
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities available for sale (AFS):
 
 
 
December 31, 2018
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Cost
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
 
 
Basis
 
 
Gains
 
 
Losses
 
 
Value
 
US Agency
 
$
7,685
 
 
$
4
 
 
$
(160
)
 
$
7,529
 
US Agency mortgage-backed securities
 
 
90,169
 
 
 
516
 
 
 
(1,158
)
 
 
89,527
 
Municipal
 
 
13,301
 
 
 
114
 
 
 
(234
)
 
 
13,181
 
Corporate bonds
 
 
37,359
 
 
 
131
 
 
 
(996
)
 
 
36,494
 
Total
 
$
148,514
 
 
$
765
 
 
$
(2,548
)
 
$
146,731
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities held to maturity (HTM):
 
 
 
December 31, 2018
 
 
 
 
 
 
Gross
 
 
Gross
 
 
 
 
 
 
Cost
 
 
Unrealized
 
 
Unrealized
 
 
Fair
 
 
 
Basis
 
 
Gains
 
 
Losses
 
 
Value
 
US 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present information concerning investments with unrealized losses as of March 31, 2019 and December 31, 2018 (in thousands):
 
Total investment securities:
 
 
 
March 31, 2019
 
 
 
Less than 12 months
 
 
12 months or longer
 
 
Total
 
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
 
Value
 
 
Losses
 
 
Value
 
 
Losses
 
 
Value
 
 
Losses
 
US Agency
 
$
—
 
 
$
—
 
 
$
5,891
 
 
$
(65
)
 
$
5,891
 
 
$
(65
)
US Agency mortgage-backed securities
 
 
—
 
 
 
—
 
 
 
40,841
 
 
 
(590
)
 
 
40,841
 
 
 
(590
)
Municipal
 
 
—
 
 
 
—
 
 
 
13,384
 
 
 
(261
)
 
 
13,384
 
 
 
(261
)
Corporate bonds and other securities
 
 
12,344
 
 
 
(213
)
 
 
19,229
 
 
 
(513
)
 
 
31,573
 
 
 
(726
)
Total
 
$
12,344
 
 
$
(213
)
 
$
79,345
 
 
$
(1,429
)
 
$
91,689
 
 
$
(1,642
)
 
 
 
 
 
 
 
 
 
 
 
Total investment securities:
 
 
 
December 31, 2018
 
 
 
Less than 12 months
 
 
12 months or longer
 
 
Total
 
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
Fair
 
 
Unrealized
 
 
 
Value
 
 
Losses
 
 
Value
 
 
Losses
 
 
Value
 
 
Losses
 
US Agency
 
$
244
 
 
$
(6
)
 
$
5,631
 
 
$
(154
)
 
$
5,875
 
 
$
(160
)
US 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
)
 
 
 
 
 
 
 
 
 
 
Investments Classified by Contractual Maturity Date [Table Text Block]
Total investment securities:
 
 
 
March 31, 2019
 
 
 
Available for sale
 
 
Held to maturity
 
 
 
Cost Basis
 
 
Fair Value
 
 
Cost Basis
 
 
Fair Value
 
Within 1 year
 
$
1,006
 
 
$
1,005
 
 
$
1,000
 
 
$
953
 
After 1 year but within 5 years
 
 
22,552
 
 
 
22,456
 
 
 
5,192
 
 
 
5,168
 
After 5 years but within 10 years
 
 
44,406
 
 
 
44,189
 
 
 
19,023
 
 
 
19,149
 
After 10 years but within 15 years
 
 
29,382
 
 
 
29,521
 
 
 
9,816
 
 
 
9,971
 
Over 15 years
 
 
56,698
 
 
 
56,854
 
 
 
5,497
 
 
 
5,489
 
Total
 
$
154,044
 
 
$
154,025
 
 
$
40,528
 
 
$
40,730