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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 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):
 
 
 
June 30, 2019
 
 
 
Cost
Basis
 
 
Gross
Unrealized
Gains
 
 
Gross
Unrealized
Losses
 
 
Fair
Value
 
US Agency
 
$
7,489
 
 
$
54
 
 
$
—
 
 
$
7,543
 
US Agency mortgage-backed securities
 
 
90,523
 
 
 
1,602
 
 
 
(167
)
 
 
91,958
 
Municipal
 
 
13,994
 
 
 
499
 
 
 
(22
)
 
 
14,471
 
Corporate bonds
 
 
37,312
 
 
 
258
 
 
 
(454
)
 
 
37,116
 
Total
 
$
149,318
 
 
$
2,413
 
 
$
(643
)
 
$
151,088
 
 
 
 
 
 
 
 
 
 
Investment securities held to maturity (HTM):
 
 
 
June 30, 2019
 
 
 
Cost
Basis
 
 
Gross
Unrealized
Gains
 
 
Gross
Unrealized
Losses
 
 
Fair
Value
 
US Agency mortgage-backed securities
 
$
9,501
 
 
$
197
 
 
$
(18
)
 
$
9,680
 
Municipal
 
 
24,216
 
 
 
881
 
 
 
(44
)
 
 
25,053
 
Corporate bonds and other securities
 
 
6,035
 
 
 
49
 
 
 
(42
)
 
 
6,042
 
Total
 
$
39,752
 
 
$
1,127
 
 
$
(104
)
 
$
40,775
 
 
 
 
 
 
 
 
 
 
Investment securities available for sale (AFS):
 
 
 
December 31, 2018
 
 
 
Cost
Basis
 
 
Gross
Unrealized
Gains
 
 
Gross
Unrealized
Losses
 
 
Fair
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
 
 
 
Cost
Basis
 
 
Gross
Unrealized
Gains
 
 
Gross
Unrealized
Losses
 
 
Fair
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 June 30, 2019 and December 31, 2018 (in thousands):
 
Total investment securities:
 
 
 
June 30, 2019
 
 
 
Less than 12 months
 
 
12 months or longer
 
 
Total
 
 
 
Fair
Value
 
 
Unrealized
Losses
 
 
Fair
Value
 
 
Unrealized
Losses
 
 
Fair
Value
 
 
Unrealized
Losses
 
US Agency
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
US Agency mortgage-backed securities
 
 
—
 
 
 
—
 
 
 
21,440
 
 
 
(185
)
 
 
21,440
 
 
 
(185
)
Municipal
 
 
—
 
 
 
—
 
 
 
2,468
 
 
 
(66
)
 
 
2,468
 
 
 
(66
)
Corporate bonds and other securities
 
 
4,922
 
 
 
(77
)
 
 
18,182
 
 
 
(419
)
 
 
23,104
 
 
 
(496
)
Total
 
$
4,922
 
 
$
(77
)
 
$
42,090
 
 
$
(670
)
 
$
47,012
 
 
$
(747
)
 
 
 
 
 
 
 
 
 
 
Total investment securities:
 
 
 
December 31, 2018
 
 
 
Less than 12 months
 
 
12 months or longer
 
 
Total
 
 
 
Fair
Value
 
 
Unrealized
Losses
 
 
Fair
Value
 
 
Unrealized
Losses
 
 
Fair
Value
 
 
Unrealized
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:
 
 
 
June 30, 2019
 
 
 
Available for sale
 
 
Held to maturity
 
 
 
Cost
Basis
 
 
Fair
Value
 
 
Cost
Basis
 
 
Fair
Value
 
Within 1 year
 
$
2,500
 
 
$
2,502
 
 
$
1,000
 
 
$
995
 
After 1 year but within 5 years
 
 
20,264
 
 
 
20,319
 
 
 
5,178
 
 
 
5,196
 
After 5 years but within 10 years
 
 
44,101
 
 
 
44,554
 
 
 
20,018
 
 
 
20,696
 
After 10 years but within 15 years
 
 
28,373
 
 
 
28,849
 
 
 
8,201
 
 
 
8,477
 
Over 15 years
 
 
54,080
 
 
 
54,864
 
 
 
5,355
 
 
 
5,411
 
Total
 
$
149,318
 
 
$
151,088
 
 
$
39,752
 
 
$
40,775