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SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2015
SECURITIES [Abstract]  
Amortized cost and fair value of securities
The amortized cost and fair value of securities at period-end were as follows (dollars in thousands):

  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
March 31, 2015
        
Available for Sale:
        
U.S. Treasury and federal agency securities
 
$
65,619
   
162
   
(81
)
 
$
65,700
 
U.S. Agency MBS and CMOs
  
15,832
   
114
   
(14
)
  
15,932
 
Tax-exempt state and municipal bonds
  
35,643
   
637
   
(53
)
  
36,227
 
Taxable state and municipal bonds
  
23,520
   
446
   
(6
)
  
23,960
 
Corporate bonds and other debt securities
  
12,234
   
74
   
(3
)
  
12,305
 
Other equity securities
  
1,500
   
16
   
---
   
1,516
 
  
$
154,348
  
$
1,449
  
$
(157
)
 
$
155,640
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
43,042
  
$
372
  
$
(12
)
 
$
43,402
 
                 
December 31, 2014
                
Available for Sale:
                
U.S. Treasury and federal agency securities
 
$
67,612
  
$
53
  
$
(501
)
 
$
67,164
 
U. S. Agency MBS and CMOs
  
16,692
   
67
   
(71
)
  
16,688
 
Tax-exempt state and municipal bonds
  
37,203
   
419
   
(161
)
  
37,461
 
Taxable state and municipal bonds
  
25,012
   
351
   
(70
)
  
25,293
 
Corporate bonds and other debt securities
  
13,762
   
34
   
(30
)
  
13,766
 
Other equity securities
  
1,500
   
2
   
---
   
1,502
 
  
$
161,781
  
$
926
  
$
(833
)
 
$
161,874
 
 Held to Maturity:
                
Tax-exempt state and municipal bonds
 
$
31,585
  
$
64
  
$
(221
)
 
$
31,428
 
Contractual maturities of debt securities
Contractual maturities of debt securities at March 31, 2015 were as follows (dollars in thousands):
 
  
Held–to-Maturity Securities
  
Available-for-Sale Securities
 
  
Amortized
Cost
  
Fair
Value
  
Amortized
Cost
  
Fair
Value
 
Due in one year or less
 
$
19,030
  
$
19,022
  
$
2,592
  
$
2,606
 
Due from one to five years
  
3,796
   
3,816
   
93,449
   
94,048
 
Due from five to ten years
  
19,976
   
20,324
   
35,906
   
36,393
 
Due after ten years
  
240
   
240
   
20,901
   
21,077
 
  
$
43,042
  
$
43,402
  
$
152,848
  
$
154,124
 
Securities in continuous unrealized loss position
Securities with unrealized losses at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows (dollars in thousands):
 
  
Less than 12 Months
  
12 Months or More
  
Total
 
March 31, 2015
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
U.S. Treasury and federal agency securities
 
$
5,747
  
$
(7
)
 
$
19,407
  
$
(74
)
 
$
25,154
  
$
(81
)
U.S. Agency MBS and CMOs
  
2,127
   
(11
)
  
1,084
   
(3
)
  
3,211
   
(14
)
Tax-exempt state and municipal bonds
  
18,188
   
(16
)
  
2,265
   
(49
)
  
20,453
   
(65
)
Taxable state and municipal bonds
  
---
   
---
   
1,209
   
(6
)
  
1,209
   
(6
)
Corporate bonds and other debt securities
  
1,080
   
(1
)
  
501
   
(2
)
  
1,581
   
(3
)
Other equity securities
  
---
   
---
   
---
   
---
   
---
   
---
 
Total temporarily impaired
 
$
27,142
  
$
(35
)
 
$
24,466
  
$
(134
)
 
$
51,608
  
$
(169
)
 
  
Less than 12 Months
  
12 Months or More
  
Total
 
December 31, 2014
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
U.S. Treasury and federal agency securities
 
$
16,426
  
$
(45
)
 
$
35,350
  
$
(456
)
 
$
51,776
  
$
(501
)
U.S. Agency MBS and CMOs
  
---
   
---
   
9,732
   
(71
)
  
9,732
   
(71
)
Tax-exempt state and municipal bonds
  
26,820
   
(264
)
  
4,545
   
(118
)
  
31,365
   
(382
)
Taxable state and municipal bonds
  
3,982
   
(19
)
  
3,240
   
(51
)
  
7,222
   
(70
)
Corporate bonds and other debt securities
  
4,187
   
(13
)
  
1,988
   
(17
)
  
6,175
   
(30
)
Other equity securities
  
---
   
---
   
---
   
---
   
---
   
---
 
Total temporarily impaired
 
$
51,415
  
$
(341
)
 
$
54,855
  
$
(713
)
 
$
106,270
  
$
(1,054
)