Quarterly report pursuant to Section 13 or 15(d)

Investment Securities (Tables)

v3.8.0.1
Investment Securities (Tables)
3 Months Ended
Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]  
Schedule of Fair Values of Securities Available for Sale

The amortized cost, gross unrealized gains and losses and approximate fair values of securities available for sale are as follows:

 

 

 

Amortized

 

 

Unrealized

 

 

Fair

 

March 31, 2018

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in thousands)

 

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

2,011

 

 

$

 

 

$

104

 

 

$

1,907

 

Residential mortgage-backed securities

 

 

29,371

 

 

 

 

 

 

1,005

 

 

 

28,366

 

Corporate bonds and other debt securities

 

 

5,700

 

 

 

 

 

 

171

 

 

 

5,529

 

Total available for sale

 

$

37,082

 

 

$

 

 

$

1,280

 

 

$

35,802

 

 

 

 

Amortized

 

 

Unrealized

 

 

Fair

 

December 31, 2017

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in thousands)

 

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

2,010

 

 

$

 

 

$

61

 

 

$

1,949

 

Residential mortgage-backed securities

 

 

30,156

 

 

 

 

 

 

527

 

 

 

29,629

 

Corporate bonds and other debt securities

 

 

5,711

 

 

 

 

 

 

46

 

 

 

5,665

 

Total available for sale

 

$

37,877

 

 

$

 

 

$

634

 

 

$

37,243

 

 

Schedule of Securities Available for Sale by Contractual Maturity

The amortized cost and estimated fair value of securities available for sale, by contractual maturity, are as follows:

 

 

 

Amortized

 

 

Fair

 

March 31, 2018

 

Cost

 

 

Value

 

 

 

(Dollars in thousands)

 

Available for sale:

 

 

 

 

 

 

 

 

Due in one year or less

 

$

 

 

$

 

Due after one year through five years

 

 

4,133

 

 

 

4,017

 

Due after five years through ten years

 

 

3,102

 

 

 

2,965

 

Due after ten years

 

 

476

 

 

 

454

 

Residential mortgage-backed securities

 

 

29,371

 

 

 

28,366

 

Total available for sale

 

$

37,082

 

 

$

35,802

 

 

Schedule of Investment Securities Available for Sale and Aggregated by Investment Category and Length of Time Individual Securities in Continuous Unrealized Loss Position

The following tables present the estimated fair values and gross unrealized losses on investment securities available for sale, aggregated by investment category and length of time individual securities have been in a continuous unrealized loss position as of the periods presented:

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

March 31, 2018

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

 

(Dollars in thousands)

 

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

1,907

 

 

$

104

 

 

$

 

 

$

 

 

$

1,907

 

 

$

104

 

Residential mortgage-backed securities

 

 

24,399

 

 

 

865

 

 

 

3,967

 

 

 

140

 

 

 

28,366

 

 

 

1,005

 

Corporate bonds and other debt securities

 

 

5,529

 

 

 

171

 

 

 

 

 

 

 

 

 

5,529

 

 

 

171

 

Total available for sale

 

$

31,835

 

 

$

1,140

 

 

$

3,967

 

 

$

140

 

 

$

35,802

 

 

$

1,280

 

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

December 31, 2017

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

 

(Dollars in thousands)

 

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

1,949

 

 

$

61

 

 

$

 

 

$

 

 

$

1,949

 

 

$

61

 

Residential mortgage-backed securities

 

 

29,627

 

 

 

527

 

 

 

 

 

 

 

 

 

29,627

 

 

 

527

 

Corporate bonds and other debt securities

 

 

5,665

 

 

 

46

 

 

 

 

 

 

 

 

 

5,665

 

 

 

46

 

Total available for sale

 

$

37,241

 

 

$

634

 

 

$

 

 

$

 

 

$

37,241

 

 

$

634