Investment Securities (Tables)

12 Months Ended

Dec. 31, 2016

Amortized Cost and Estimated Fair Values of Investment Securities



			December 31, 2016
	Amortized			Unrealized		Unrealized		Estimated
(Dollars in thousands)	Cost			Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	8,224		$	309	$	-	$	8,533
Government Sponsored Entities (GSE) mortgage-backed securities		1,440			38		-		1,478
Corporate bonds		12,825			230		(63)		12,992
Collateralized mortgage obligations GSE		1,966			2		(22)		1,946
State and municipal taxable		1,008			6		-		1,014
State and municipal tax-exempt		41,559			8		(1,406)		40,161
Total	$	67,022		$	593	$	(1,491)	$	66,124

Available For Sale
US Government agency obligations	$	52,428		$	31	$	(150)	$	52,309
GSE mortgage-backed securities		30,861			2		(723)		30,140
Collateralized mortgage obligations GSE		12,957			3		(387)		12,573
Corporate bonds		15,474			5		(299)		15,180
State and municipal tax-exempt		5,084			-		(128)		4,956
Asset-backed security		26			-		-		26
Total	$	116,830		$	41	$	(1,687)	$	115,184


			December 31, 2015
	Amortized			Unrealized		Unrealized		Estimated
(Dollars in thousands)	Cost			Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,973		$	320	$	-	$	8,293
Government Sponsored Entities (GSE) mortgage-backed securities		2,759			83		-		2,842
Corporate bonds		11,518			234		(42)		11,710
Collateralized mortgage obligations GSE		2,623			9		(26)		2,606
State and municipal tax-exempt		42,956			300		(276)		42,980
Total	$	67,829		$	946	$	(344)	$	68,431

Available For Sale
US Government agency obligations	$	58,460		$	-	$	(252)	$	58,208
GSE mortgage-backed securities		40,663			13		(325)		40,351
Collateralized mortgage obligations GSE		16,241			3		(438)		15,806
Corporate bonds		20,921			-		(350)		20,571
State and municipal tax-exempt		17,274			180		(11)		17,443
Total	$	153,559		$	196	$	(1,376)	$	152,379

Aggregate Unrealized Losses and Aggregate Fair Value of Underlying Securities



	December 31, 2016
					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	$	5,962	$	(63)	$	3,992	$	(39)	$	1,970	$	(24)
Collateralized mortgage obligations GSE		1,104		(22)		1,104		(22)		-		-
State and municipal tax-exempt		32,690		(1,406)		32,690		(1,406)		-		-
Total	$	39,756	$	(1,491)	$	37,786	$	(1,467)	$	1,970	$	(24)
Available For Sale
US Government agency obligations	$	27,270	$	(150)	$	27,270	$	(150)	$	-	$	-
GSE mortgage-backed securities		29,145		(723)		29,145		(723)		-		-
Collateralized mortgage obligations GSE		12,116		(387)		4,868		(94)		7,248		(293)
Corporate bonds		13,031		(299)		7,593		(218)		5,438		(81)
State and municipal tax-exempt		4,956		(128)		4,956		(128)		-		-
Asset-backed security		26		-		26		-		-		-
Total	$	86,544	$	(1,687)	$	73,858	$	(1,313)	$	12,686	$	(374)



	December 31, 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	$	7,597	$	(42)	$	7,597	$	(42)	$	-	$	-
Collateralized mortgage obligations GSE		1,482		(26)		388		(10)		1,094		(16)
State and municipal tax-exempt		13,161		(276)		4,380		(34)		8,781		(242)
Total	$	22,240	$	(344)	$	12,365	$	(86)	$	9,875	$	(258)
Available For Sale
US Government agency obligations	$	58,208	$	(252)	$	58,208	$	(252)	$	-	$	-
GSE mortgage-backed securities		38,307		(325)		33,984		(238)		4,323		(87)
Collateralized mortgage obligations GSE		15,231		(438)		4,187		(41)		11,044		(397)
Corporate bonds		20,571		(350)		16,157		(264)		4,414		(86)
State and municipal tax-exempt		6,660		(11)		6,660		(11)		-		-
Total	$	138,977	$	(1,376)	$	119,196	$	(806)	$	19,781	$	(570)

Investments Classified by Contractual Maturity Date



		Held to Maturity				Available for Sale
	Amortized		Estimated		Amortized		Estimated
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	-	$	-	$	19,731	$	19,720
Due after one year through five years		23,862		24,327		49,398		49,088
Due after five years through ten years		27,896		27,366		8,752		8,608
Due after ten years		15,264		14,431		38,949		37,768
Total investment securities	$	67,022	$	66,124	$	116,830	$	115,184

Principal Value of Investments Securities Sold



	Year Ended
	December 31
(Dollars in thousands)	2016		2015
Available for sale securities sold	$	43,913	$	17,988
Held to maturity securities sold		761		-
Total sold securities	$	44,674	$	17,988

Gains and Losses Resulting from Investment Sales, Redemptions or Calls



	Year Ended
	December 31
(Dollars in thousands)	2016		2015
Gross realized gains-AFS	$	440	$	90
Gross realized gains-HTM		21		-
Gross realized losses-AFS		(30)		(12)
Gross realized losses-HTM		-		-
Net realized gain	$	431	$	78

- 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.

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