SECURITIES (Tables)

6 Months Ended

Jun. 30, 2016

SECURITIES

Schedule of securities available for sale

Period-end securities are as follows:

(in thousands)

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available for Sale
June 30, 2016
U. S. government agencies	$	35,736	$	588	$	—	$	36,324
States and political subdivisions		90,751		4,659		—		95,410
Mortgage-backed - residential		133,245		1,703		(310)		134,638
Equity securities		320		30		—		350
Total	$	260,052	$	6,980	$	(310)	$	266,722
December 31, 2015
U. S. government agencies	$	49,012	$	51	$	(200)	$	48,863
States and political subdivisions		89,501		2,644		(183)		91,962
Mortgage-backed - residential		124,834		210		(2,001)		123,043
Equity securities		320		24		—		344
Total	$	263,667	$	2,929	$	(2,384)	$	264,212

Schedule of amortized cost and fair value of securities by contractual maturity

	Amortized		Fair
	Cost		Value
Due in one year or less	$	—	$	—
Due after one year through five years		23,522		24,190
Due after five years through ten years		56,998		58,900
Due after ten years		45,967		48,644
		126,487		131,734
Mortgage-backed - residential		133,245		134,638
Equity		320		350
Total	$	260,052	$	266,722

Schedule of securities with unrealized losses not recognized in income

Securities with unrealized losses June 30, 2016 and at December 31, 2015 not recognized in income are as follows:

June 30, 2016

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
U.S. Government agencies	$	—	$	—	$	—	$	—	$	—	$	—
States and municipals		—		—		—		—		—		—
Mortgage-backed - residential		22,211		(168)		10,390		(142)		32,601		(310)
Total temporarily impaired	$	22,211	$	(168)	$	10,390	$	(142)	$	32,601	$	(310)

December 31, 2015

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
U.S. Government agencies	$	15,243	$	(56)	$	30,293	$	(144)	$	45,536	$	(200)
States and municipals		10,938		(102)		4,065		(81)		15,003		(183)
Mortgage-backed - residential		77,898		(1,231)		23,488		(770)		101,386		(2,001)
Total temporarily impaired	$	104,079	$	(1,389)	$	57,846	$	(995)	$	161,925	$	(2,384)