Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Amortized Cost And Estimated Fair Values



		September 30, 2015
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,912	$	426	$	-	$	8,338
Government Sponsored Entities (GSE) mortgage-backed securities		2,937		115		-		3,052
Corporate bonds		11,052		319		(4)		11,367
Collateralized mortgage obligations GSE		2,821		23		(9)		2,835
State and municipal tax-exempt		40,578		316		(479)		40,415
Total	$	65,300	$	1,199	$	(492)	$	66,007

Available For Sale
US Government agency obligations	$	60,849	$	127	$	(8)	$	60,968
GSE mortgage-backed securities		43,098		233		(40)		43,291
Collateralized mortgage obligations GSE		17,110		37		(254)		16,893
Corporate bonds		23,409		20		(233)		23,196
State and municipal tax-exempt		17,595		107		(5)		17,697
Equity securities		27		2		(11)		18
Total	$	162,088	$	526	$	(551)	$	162,063



		December 31, 2014
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,730	$	343	$	-	$	8,073
Government Sponsored Entities (GSE) mortgage-backed securities		3,579		133		-		3,712
Corporate bonds		3,951		324		-		4,275
Collateralized mortgage obligations GSE		3,605		3		(29)		3,579
State and municipal tax-exempt		40,589		418		(547)		40,460
Total	$	59,454	$	1,221	$	(576)	$	60,099

Available For Sale
US Government agency obligations	$	61,547	$	4	$	(197)	$	61,354
GSE mortgage-backed securities		66,669		189		(135)		66,723
Collateralized mortgage obligations GSE		20,499		8		(496)		20,011
Corporate bonds		13,208		-		(106)		13,102
State and municipal tax-exempt		10,917		87		(10)		10,994
Equity securities		27		2		(11)		18
Total	$	172,867	$	290	$	(955)	$	172,202

Unrealized Losses And Fair Value



		September 30, 2015
						Fair Value		Unrealized		Fair Value		Unrealized
				Total		Impaired		Loss		Impaired		Loss
		Total		Unrealized		Less Than		Less Than		More Than		More Than
(Dollars in thousands)		Fair Value		Loss		12 Months		12 Months		12 Months		12 Months
Held To Maturity
Corporate bonds	$	2,674	$	(4)	$	2,674	$	(4)	$	-	$	-
Collateralized mortgage obligations GSE		1,611		(9)		420		(6)		1,191		(3)
State and municipal tax-exempt		16,867		(479)		6,681		(76)		10,186		(403)
Total	$	21,152	$	(492)	$	9,775	$	(86)	$	11,377	$	(406)
Available For Sale
US Government agency obligations	$	13,231	$	(8)	$	13,231	$	(8)	$	-	$	-
GSE mortgage-backed securities		6,516		(40)		1,990		(4)		4,526		(36)
Collateralized mortgage obligations GSE		12,557		(254)		829		(6)		11,728		(248)
Corporate bonds		18,526		(233)		14,099		(161)		4,427		(72)
State and municipal tax-exempt		7,286		(5)		7,286		(5)		-		-
Equity securities		12		(11)		-		-		12		(11)
Total	$	58,128	$	(551)	$	37,435	$	(184)	$	20,693	$	(367)



		December 31, 2014
						Fair Value		Unrealized		Fair Value		Unrealized
				Total		Impaired		Loss		Impaired		Loss
		Total		Unrealized		Less Than		Less Than		More Than		More Than
(Dollars in thousands)		Fair Value		Loss		12 Months		12 Months		12 Months		12 Months
Held To Maturity
Collateralized mortgage obligations GSE	$	3,043	$	(29)	$	3,043	$	(29)	$	-	$	-
State and municipal tax-exempt		19,054		(547)		2,138		(7)		16,916		(540)
Total	$	22,097	$	(576)	$	5,181	$	(36)	$	16,916	$	(540)
Available For Sale
US Government agency obligations	$	56,342	$	(197)	$	49,222	$	(97)	$	7,120	$	(100)
GSE mortgage-backed securities		22,157		(135)		14,996		(38)		7,161		(97)
Collateralized mortgage obligations GSE		18,133		(496)		3,669		(5)		14,464		(491)
Corporate bonds		13,102		(106)		9,531		(31)		3,571		(75)
State and municipal tax-exempt		2,967		(10)		2,360		(9)		607		(1)
Equity securities		12		(11)		-		-		12		(11)
Total	$	112,713	$	(955)	$	79,778	$	(180)	$	32,935	$	(775)

Investments Classified By Contractual Maturity Date



		Held to Maturity				Available for Sale
		Amortized				Amortized
(Dollars in thousands)		Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	-	$	-	$	6,689	$	6,684
Due after one year through five years		15,069		15,755		80,666		80,594
Due after five years through ten years		30,304		30,403		43,967		44,197
Due after ten years		19,927		19,849		30,739		30,570
No stated maturity		-		-		27		18
Total investment securities	$	65,300	$	66,007	$	162,088	$	162,063

Principal Value Of Investments Securities Sold



		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2015		2014		2015		2014
Available for sale securities sold	$	8,238	$	6,635	$	17,969	$	34,970
Held to maturity securities sold		-		385		-		1,613
Total sold securities	$	8,238	$	7,020	$	17,969	$	36,583

Gain (Loss) On Investment Sales



		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2015		2014		2015		2014
Gross realized gains-AFS	$	13	$	81	$	77	$	375
Gross realized gains-HTM		-		5		-		73
Gross realized losses-AFS		(3)		-		(3)		(25)
Net realized gain	$	10	$	86	$	74	$	423

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details