Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Securities (Tables)

v3.19.3
Note 4 - Securities (Tables)
 9 Months Ended
Sep. 30, 2019
Notes Tables  
Available-for-sale Securities [Table Text Block]
   
(Dollars in thousands)
  
           
Gross
    
Gross
    
Estimated
  
   
Cost
    
Unrealized
    
Unrealized
    
Fair
  
   
Basis
    
Gains
    
Losses
    
Value
  
September 30, 2019
                                
Money market fund
   $
5,771
     $
-
     $
-
     $
5,771
  
U.S. government sponsored entities
    
14,420
      
96
      
(3
 )    
14,513
  
Collateralized mortgage obligations and residential mortgage-backed securities
    
138,832
      
1,894
      
(105
 )    
140,621
  
Municipal securities
    
92,999
      
5,119
      
(39
 )    
98,079
  
Collateralized debt obligations
    
3,448
      
-
      
(1,378
 )    
2,070
  
Total securities available-for-sale
   $
255,470
     $
7,109
     $
(1,525
 )   $
261,054
  
   
(Dollars in thousands)
  
           
Gross
    
Gross
    
Estimated
  
   
Cost
    
Unrealized
    
Unrealized
    
Fair
  
   
Basis
    
Gains
    
Losses
    
Value
  
December 31, 2018
                                
Money market fund
   $
2,480
     $
-
     $
-
     $
2,480
  
U.S. government sponsored entities
    
7,997
      
28
      
(131
 )    
7,894
  
Collateralized mortgage obligations and residential mortgage-backed securities
    
137,834
      
135
      
(2,688
 )    
135,281
  
Municipal securities
    
93,516
      
1,072
      
(524
 )    
94,064
  
Collateralized debt obligations
    
3,481
      
-
      
(1,432
 )    
2,049
  
Total securities available-for-sale
   $
245,308
     $
1,235
     $
(4,775
 )   $
241,768
  
Investments Classified by Contractual Maturity Date [Table Text Block]
   
(Dollars in thousands)
  
   
Available-for-sale
  
   
Estimated
          
   
Fair
    
Tax-Equivalent
  
September 30, 2019
  
Value
    
Yield (%)
  
Due in one year or less
   $
8,840
      
2.71
  
Due from one to five years
    
3,397
      
4.95
  
Due from five to ten years
    
20,270
      
3.71
  
Due over ten years
    
87,926
      
4.02
  
Collateralized mortgage obligations and residential mortgage-backed securities
    
140,621
      
2.70
  
Total
   $
261,054
      
3.25
  
Schedule of Realized Gain (Loss) [Table Text Block]
   
(Dollars in thousands)
  
   
September 30,
    
September 30,
  
   
2019
    
2018
  
                 
Proceeds
   $
35,859
     $
29,049
  
Gross gains
    
838
      
1,159
  
Gross losses
    
(84
 )    
(4
 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   
(Dollars in thousands)
  
   
Unrealized
gain/(loss)
  
Ending balance, December 31, 2018
   $
(2,796
 )
Current period change
    
7,214
  
Ending balance, September 30, 2019
   $
4,418
  
Unrealized Gain (Loss) on Investments [Table Text Block]
   
(Dollars in thousands)
  
   
Less than 12 months
    
12 months or longer
    
Total
  
   
Estimated
            
Estimated
            
Estimated
          
   
Fair
    
Unrealized
    
Fair
    
Unrealized
    
Fair
    
Unrealized
  
   
Value
    
Losses
    
Value
    
Losses
    
Value
    
Losses
  
September 30, 2019
                                                
U.S. government sponsored entities
   $
1,427
     $
(3
 )   $
-
     $
-
     $
1,427
     $
(3
 )
Collateralized mortgage obligations and residential mortgage-backed securities
    
5,727
      
(34
 )    
17,351
      
(71
 )    
23,078
      
(105
 )
Municipal securities
    
2,579
      
(39
 )    
-
      
-
      
2,579
      
(39
 )
Collateralized debt obligations
    
-
      
-
      
2,070
      
(1,378
 )    
2,070
      
(1,378
 )
Total temporarily impaired
   $
9,733
     $
(76
 )   $
19,421
     $
(1,449
 )   $
29,154
     $
(1,525
 )
Number of securities
    
 
      
8
      
 
      
19
      
 
      
27
  
   
(Dollars in thousands)
  
   
Less than 12 months
    
12 months or longer
    
Total
  
   
Estimated
            
Estimated
            
Estimated
          
   
Fair
    
Unrealized
    
Fair
    
Unrealized
    
Fair
    
Unrealized
  
   
Value
    
Losses
    
Value
    
Losses
    
Value
    
Losses
  
December 31, 2018
                                                
U.S. government sponsored entities
   $
-
     $
-
     $
3,866
     $
(131
 )   $
3,866
     $
(131
 )
Collateralized mortgage obligations and residential mortgage-backed securities
    
28,388
      
(304
 )    
89,234
      
(2,384
 )    
117,622
      
(2,688
 )
Municipal securities
    
22,678
      
(367
 )    
3,495
      
(157
 )    
26,173
      
(524
 )
Collateralized debt obligations
    
-
      
-
      
2,049
      
(1,432
 )    
2,049
      
(1,432
 )
Total temporarily impaired
   $
51,066
     $
(671
 )   $
98,644
     $
(4,104
 )   $
149,710
     $
(4,775
 )
Number of securities
    
 
      
52
      
 
      
75
      
 
      
127