Investment Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of Investment Securities Available for Sale

The following table presents amortized cost, gross unrealized gains and losses, and fair values of investment securities available for sale as of the dates stated:



	June 30, 2017
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Mortgage-backed securities
Agencies	$	145,848	$	774	$	696	$	145,926
Collateralized	61,569		87		781		60,875
Collateralized mortgage obligations	16,817		212		105		16,924
Asset-backed securities	6,686		—		74		6,612
Municipals
Tax-exempt	66,638		10		1,244		65,404
Taxable	18,007		—		310		17,697
Corporate bonds	978		—		—		978
Equity securities	969		1,078		—		2,047
Total securities available for sale	$	317,512	$	2,161	$	3,210	$	316,463



	December 31, 2016
			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Mortgage-backed securities
Agencies	$	135,054	$	793	$	957	$	134,890
Collateralized	63,837		61		1,145		62,753
Collateralized mortgage obligations	19,626		288		104		19,810
Asset-backed securities	14,866		—		108		14,758
Municipals
Tax-exempt	67,738		—		2,983		64,755
Taxable	18,105		1		430		17,676
Corporate bonds	983		1		—		984
Equity securities	969		848		—		1,817
Total securities available for sale	$	321,178	$	1,992	$	5,727	$	317,443

Fair Values and Gross Unrealized Losses by Investment

The following tables present the fair values and gross unrealized losses aggregated by investment category and length of time and the number of individual securities that have been in a continuous unrealized loss position as of the dates stated:



		June 30, 2017
		Less than 12 Months				12 Months or More				Total
	Number of			Unrealized				Unrealized				Unrealized
	Securities	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Mortgage-backed securities
Agencies	29	$	93,009	$	691	$	621	$	5	$	93,630	$	696
Collateralized	16	39,987		781		—		—		39,987		781
Collateralized mortgage obligations	7	6,850		105		—		—		6,850		105
Asset-backed securities	2	—		—		6,611		74		6,611		74
Municipals
Tax-exempt	41	62,692		1,244		—		—		62,692		1,244
Taxable	10	17,697		310		—		—		17,697		310
Total securities available for sale	105	$	220,235	$	3,131	$	7,232	$	79	$	227,467	$	3,210



		December 31, 2016
		Less than 12 Months				12 Months or More				Total
	Number of			Unrealized				Unrealized				Unrealized
	Securities	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Mortgage-backed securities
Agencies	33	$	88,315	$	945	$	695	$	12	$	89,010	$	957
Collateralized	19	42,272		1,145		—		—		42,272		1,145
Collateralized mortgage obligations	6	7,216		104		—		—		7,216		104
Asset-backed securities	6	5,443		64		9,315		44		14,758		108
Municipals
Tax-exempt	44	64,755		2,983		—		—		64,755		2,983
Taxable	9	17,149		430		—		—		17,149		430
Total securities available for sale	117	$	225,150	$	5,671	$	10,010	$	56	$	235,160	$	5,727

Amortized Cost and Fair Values of Investment Securities not OTTI by Contractual Maturity

The following table presents the amortized cost and fair value by contractual maturity of investment securities available for sale as of the dates stated. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities that are not due at a single maturity date and equity securities that do not have contractual maturities are shown separately.



	June 30, 2017				December 31, 2016
	Amortized				Amortized
	Cost		Fair Value		Cost		Fair Value
Municipals
Due in one year or less	$	256	$	255	$	502	$	502
Due after one year
but less than five years	14,886		14,583		11,300		11,072
Due after five years
but less than ten years	66,909		65,718		69,900		66,880
Due after ten years	2,594		2,545		4,141		3,977
Mortgage-backed securities
Agencies	145,848		145,926		135,054		134,890
Collateralized	61,569		60,875		63,837		62,753
Collateralized mortgage obligations	16,817		16,924		19,626		19,810
Corporate Bonds	978		978		983		984
Asset-backed securities	6,686		6,612		14,866		14,758
Equity securities	969		2,047		969		1,817
Total securities available for sale	$	317,512	$	316,463	$	321,178	$	317,443

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

Xenith Bankshares, Inc. 10-Q