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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]  
Schedule of summary of investment securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

At December 31, 2017

 

 

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaterized mortgage obligations

 

$

24,063

 

$

20

 

$

(569)

 

$

23,514

Agency mortgage-backed securities

 

 

25,725

 

 

 4

 

 

(500)

 

 

25,229

Municipal securities

 

 

35,453

 

 

339

 

 

(159)

 

 

35,633

U.S. Government agency securities

 

 

3,526

 

 

 —

 

 

(46)

 

 

3,480

U.S. Treasury securities

 

 

1,501

 

 

 —

 

 

(8)

 

 

1,493

 

 

 

 

 

 

 

 

 

 

 

 

 

     Total securities available for sale

 

$

90,268

 

$

363

 

$

(1,282)

 

$

89,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

At December 31, 2016

 

 

 

 

    

Gross

    

Gross

    

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

(dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaterized mortgage obligations

 

$

31,997

 

$

11

 

$

(423)

 

$

31,585

Agency mortgage-backed securities

 

 

27,110

 

 

 2

 

 

(429)

 

 

26,683

Municipal securities

 

 

34,333

 

 

92

 

 

(580)

 

 

33,845

U.S. Government agency securities

 

 

1,003

 

 

 —

 

 

(16)

 

 

987

U.S. Treasury securities

 

 

1,501

 

 

 5

 

 

 —

 

 

1,506

 

 

 

 

 

 

 

 

 

 

 

 

 

     Total securities available for sale

 

$

95,944

 

$

110

 

$

(1,448)

 

$

94,606

 

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

Less than 12 months

 

12 months or more

 

Total

 

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

(dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

Value

 

Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaterized mortgage obligations

 

$

6,531

 

$

(63)

 

$

15,678

 

$

(507)

 

$

22,209

 

$

(570)

Agency mortgage-backed securities

 

 

6,802

 

 

(80)

 

 

18,218

 

 

(420)

 

 

25,020

 

 

(500)

Municipal securities

 

 

2,396

 

 

(11)

 

 

6,230

 

 

(148)

 

 

8,626

 

 

(159)

U.S. Government agency securities

 

 

2,965

 

 

(37)

 

 

515

 

 

(9)

 

 

3,480

 

 

(46)

U.S. Treasury securities

 

 

1,494

 

 

(7)

 

 

 —

 

 

 —

 

 

1,494

 

 

(7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,188

 

$

(198)

 

$

40,641

 

$

(1,084)

 

$

60,829

 

$

(1,282)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

Less than 12 months

 

12 months or more

 

Total

 

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

(dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

Value

 

Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaterized mortgage obligations

 

$

18,244

 

$

(174)

 

$

8,775

 

$

(248)

 

$

27,019

 

$

(422)

Agency mortgage-backed securities

 

 

24,850

 

 

(401)

 

 

828

 

 

(28)

 

 

25,678

 

 

(429)

Municipal securities

 

 

19,200

 

 

(580)

 

 

 —

 

 

 —

 

 

19,200

 

 

(580)

U.S. Government agency securities

 

 

 —

 

 

 —

 

 

986

 

 

(17)

 

 

986

 

 

(17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

62,294

 

$

(1,155)

 

$

10,589

 

$

(293)

 

$

72,883

 

$

(1,448)

 

Schedule of contractual maturities of investment securities

 

 

 

 

 

 

 

 

 

At December 31, 2017

 

 

Amortized

 

Fair

(dollars in thousands)

    

Cost

    

Value

 

 

 

 

 

 

 

 

 

 

Due within one year

 

$

899

 

$

906

Due over one to five years

 

 

1,319

 

 

1,311

Due over five to ten years

 

 

4,742

 

 

4,765

Due over ten years

 

 

33,520

 

 

33,624

Collaterized mortgage obligations

 

 

24,063

 

 

23,514

Agency mortgage-backed securities

 

 

25,725

 

 

25,229

 

 

 

 

 

 

 

     Total securities available for sale

 

$

90,268

 

$

89,349