INVESTMENT SECURITIES (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
| Investments, Debt and Equity Securities [Abstract] |
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| Amortized Cost and Fair Values of Investment Securities Held-to-maturity |
Amortized cost and fair values of investment securities held-to-maturity at December 31, 2015 including gross unrealized gains and losses, are summarized as follows:
| | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Amortized Cost | | Unrealized Gain | | Unrealized Loss | | Fair Value | Municipal securities | | $ | 52,859 |
| | $ | 1,699 |
| | $ | (88 | ) | | $ | 54,470 |
| Total investment securities held-to-maturity | | $ | 52,859 |
| | $ | 1,699 |
| | $ | (88 | ) | | $ | 54,470 |
|
|
| Amortized Cost and Fair Values of Investment Securities Available-for-sale |
Amortized cost and fair values of investment securities available-for-sale at December 31, 2016 are summarized as follows:
| | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Amortized Cost | | Unrealized Gain | | Unrealized Loss | | Fair Value | U. S. Agency securities | | $ | 29,234 |
| | $ | 7 |
| | $ | (425 | ) | | $ | 28,816 |
| U.S. Sponsored Mortgage-backed securities | | 56,080 |
| | 14 |
| | (1,362 | ) | | 54,732 |
| Municipal securities | | 72,075 |
| | 744 |
| | (2,023 | ) | | 70,796 |
| Total debt securities | | 157,389 |
| | 765 |
| | (3,810 | ) | | 154,344 |
| Equity and other securities | | 7,643 |
| | 381 |
| | — |
| | 8,024 |
| Total investment securities available-for-sale | | $ | 165,032 |
| | $ | 1,146 |
| | $ | (3,810 | ) | | $ | 162,368 |
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Amortized cost and fair values of investment securities available-for-sale at December 31, 2015 are summarized as follows:
| | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Amortized Cost | | Unrealized Gain | | Unrealized Loss | | Fair Value | U. S. Agency securities | | $ | 29,532 |
| | $ | — |
| | $ | (181 | ) | | $ | 29,351 |
| U.S. Sponsored Mortgage-backed securities | | 34,246 |
| | 1 |
| | (533 | ) | | 33,714 |
| Municipal securities | | 1,775 |
| | 23 |
| | — |
| | 1,798 |
| Total debt securities | | 65,553 |
| | 24 |
| | (714 | ) | | 64,863 |
| Equity and other securities | | 5,309 |
| | 95 |
| | (11 | ) | | 5,393 |
| Total investment securities available-for-sale | | $ | 70,862 |
| | $ | 119 |
| | $ | (725 | ) | | $ | 70,256 |
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| Amortized Cost and Fair Values of Debt Securities by Maturity |
The following table summarizes amortized cost and fair values of debt securities by maturity:
| | | | | | | | | | | | December 31, 2016 | | | Available for sale | (Dollars in thousands) | | Amortized Cost | | Fair Value | Within one year | | $ | 1,277 |
| | $ | 1,280 |
| After one year, but within five | | 11,176 |
| | 11,244 |
| After five years, but within ten | | 14,666 |
| | 14,487 |
| After ten Years | | 130,270 |
| | 127,333 |
| Total | | $ | 157,389 |
| | $ | 154,344 |
|
|
| Investments in an Unrealized Loss Position |
The following table discloses investments in an unrealized loss position at December 31, 2016:
| | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Less than 12 months | | 12 months or more | Description and number of positions | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | U.S. Agency securities (16) | | $ | 28,814 |
| | $ | (425 | ) | | $ | — |
| | $ | — |
| U.S. Sponsored Mortgage-backed securities (29) | | 33,209 |
| | (1,040 | ) | | 13,919 |
| | (322 | ) | Municipal securities (86) | | 42,727 |
| | (2,023 | ) | | — |
| | — |
| | | $ | 104,750 |
| | $ | (3,488 | ) | | $ | 13,919 |
| | $ | (322 | ) |
The following table discloses investments in an unrealized loss position at December 31, 2015:
| | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Less than 12 months | | 12 months or more | Description and number of positions | | Fair Value | | Unrealized Loss | | Fair Value | | Unrealized Loss | U.S. Agency securities (9) | | $ | 28,351 |
| | $ | (181 | ) | | $ | — |
| | $ | — |
| U.S. Sponsored Mortgage-backed securities (19) | | 20,647 |
| | (233 | ) | | 11,862 |
| | (300 | ) | Municipal securities (22) | | 3,827 |
| | (32 | ) | | 5,559 |
| | (56 | ) | Equity and other securities (1) | | 2,489 |
| | (11 | ) | | — |
| | — |
| | | $ | 55,314 |
| | $ | (457 | ) | | $ | 17,421 |
| | $ | (356 | ) |
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