HVBC 2016 Annual Report

HV Bancorp, Inc. and Subsidiary Notes to the Consolidated Financial Statements Years Ended June 30, 2017 and 2016 64 Investment securities held-to-maturity at June 30, 2017 were comprised of the following: 2017 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value Corporate notes $ 2,000 $ 12 $ — $ 2,012 Municipal securities 9,809 88 (13) 9,884 $ 11,809 $ 100 $ (13) $ 11,896 Investment securities available-for-sale at June 30, 2016 were comprised of the following: 2016 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Governmental securities $ 1,493 $ 28 $ — $ 1,521 Corporate notes 8,423 40 (136) 8,327 Collateralized mortgage obligations - agency residential 9,879 45 (93) 9,831 Mortgage-backed securities - agency residential 6,980 44 (15) 7,009 Municipal securities 3,524 42 — 3,566 Bank CDs 2,994 41 (8) 3,027 $ 33,293 $ 240 $ (252) $ 33,281 Investment securities held-to-maturity at June 30, 2016 were comprised of the following: 2016 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value Municipal securities $ 5,825 $ 117 $ (1) $ 5,941 The scheduled maturities of securities available-for-sale and held-to-maturity at June 30, 2017 were as follows: 2017 Available-for-Sale Held-to-Maturity Amortized Amortized (Dollars in thousands) Cost Fair Value Cost Fair Value Due in one year or less $ 750 $ 748 $ — $ — Due from more than one to five years 15,245 15,276 2,643 2,646 Due from more than five to ten years 5,562 5,523 7,496 7,564 Due after ten years 21,451 21,273 1,670 1,686 $ 43,008 $ 42,820 $ 11,809 $ 11,896 Securities with a fair value of $8.2 million and $3.3 million at June 30, 2017 and 2016, respectively, were pledged to secure public deposits and for other purposes as required by law. Proceeds from the sale of available-for-sale securities for the year ended June 30, 2017 were $4.4 million. Gross realized gains on such sales were approximately $22,000 and gross realized losses on such sales were $4,000. Proceeds from the sale of available-for-sale securities for the year ended June 30, 2016 were $11.7 million. Gross realized gains on such sales were $22,000 and gross realized losses on such sales were $1,000.