HVBC 2016 Annual Report

{Clients/1582/00300225.DOC/ } 19 Portfolio Maturities and Yields. The composition and maturities of the investment securities portfolio at June 30, 2017 are summarized in the following table. Maturities are based on the final contractual payment dates, and do not reflect the impact of prepayments or early redemptions that may occur. The municipal securities have not been adjusted to a tax-equivalent basis. One Year or Less More than One Year through Five Years More than Five Years through Ten Years More than Ten Years Total Securities Amortized Cost Weighted Average Yield Amortized Cost Weighted Average Yield Amortized Cost Weighted Average Yield Amortized Cost Weighted Average Yield Amortized Cost Fair Value Weighted Average Yield (Dollars in thousands) Securities available-for-sale: U.S. Government securities $ — —% $ 62 2.89% $ — —% $ 4,268 2.54% $ 4,330 $ 4,340 2.55% Corporate notes — — 6,170 2.12 5,061 2.78 — — 11,231 11,226 2.41 Collateralized mortgage obligations — — — — — — 12,668 2.44 12,668 12,567 2.44 Mortgage-backed securities — — 3 3.33 2 7.94 4,515 2.54 4,520 4,435 2.54 Municipal securities — — 3,517 1.81 — — — — 3,517 3,507 1.81 Bank certificates of deposit 750 1.08 5,493 1.80 499 2.22 — — 6,742 6,745 1.75 Total securities available-for-sale $ 750 1.08% $ 15,245 1.94% $ 5,562 2.73% $ 21,451 2.48% $ 43,008 $42,820 2.30% Securities held-to-maturity: Corporate notes $ — —% $ — —% $ 2,000 6.08% $ — —% $ 2,000 2,012 6.08% Municipal securities — — 2,643 1.36 5,496 2.22 1,670 2.87 9,809 $ 9,884 2.10 Total securities held-to-maturity $ — —% $ 2,643 1.36% $ 7,496 3.25% $ 1,670 2.87% $ 11,809 $11,896 2.77%