INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair values of investment securities

The amortized cost and fair values of investment securities at December 31, 2015 and 2014 are as follows:

	2015
(In Thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale (AFS)
U.S. Government and agency securities	$	3,586	$	—	$	(37	)	$	3,549
Mortgage-backed securities	9,785		284		(60		)	10,009
Asset-backed securities	1,960		—		(20		)	1,940
State and political securities	84,992		1,797		(234		)	86,555
Other debt securities	59,832		185		(2,245		)	57,772
Total debt securities	160,155		2,266		(2,596		)	159,825
Financial institution equity securities	10,397		1,100		(14		)	11,483
Other equity securities	5,214		70		(435		)	4,849
Total equity securities	15,611		1,170		(449		)	16,332
Total investment securities AFS	$	175,766	$	3,436	$	(3,045	)	$	176,157

	2014
(In Thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale (AFS)
U.S. Government and agency securities	$	3,953	$	—	$	(112	)	$	3,841
Mortgage-backed securities	12,240		485		(28		)	12,697
Asset-backed securities	2,468		27		(3		)	2,492
State and political securities	104,820		3,885		(589		)	108,116
Other debt securities	89,736		1,026		(1,299		)	89,463
Total debt securities	213,217		5,423		(2,031		)	216,609
Financial institution equity securities	8,823		1,110		(18		)	9,915
Other equity securities	5,733		84		(128		)	5,689
Total equity securities	14,556		1,194		(146		)	15,604
Total investment securities AFS	$	227,773	$	6,617	$	(2,177	)	$	232,213

Trading securities

The amortized cost and fair values of trading investment securities at December 31, 2015 are as follows. There were no trading securities at December 31, 2014.

	2015
(In Thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Trading
Financial institution equity securities	$	78	$	—	$	(5	)	$	73
Total trading securities	$	78	$	—	$	(5	)	$	73

Schedule of gross unrealized losses and fair value

The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2015 and 2014.

	2015
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(In Thousands)	Value		Losses			Value		Losses			Value		Losses
Available for Sale (AFS)
U.S. Government and agency securities	$	—	$	—		$	3,549	$	(37	)	$	3,549	$	(37	)
Mortgage-backed securities	6,081		(60		)	—		—			6,081		(60		)
Asset-backed securities	1,626		(16		)	314		(4		)	1,940		(20		)
State and political securities	7,345		(47		)	1,656		(187		)	9,001		(234		)
Other debt securities	24,381		(530		)	22,547		(1,715		)	46,928		(2,245		)
Total debt securities	39,433		(653		)	28,066		(1,943		)	67,499		(2,596		)
Financial institution equity securities	—		—			53		(14		)	53		(14		)
Other equity securities	2,363		(277		)	1,001		(158		)	3,364		(435		)
Total equity securities	2,363		(277		)	1,054		(172		)	3,417		(449		)
Total Investment Securities AFS	$	41,796	$	(930	)	$	29,120	$	(2,115	)	$	70,916	$	(3,045	)

	2014
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(In Thousands)	Value		Losses			Value		Losses			Value		Losses
Available for Sale (AFS)
U.S. Government and agency securities	$	—	$	—		$	3,841	$	(112	)	$	3,841	$	(112	)
Mortgage-backed securities	6,741		(28		)	—		—			6,741		(28		)
Asset-backed securities	—		—			519		(3		)	519		(3		)
State and political securities	8,243		(14		)	6,382		(575		)	14,625		(589		)
Other debt securities	23,174		(718		)	29,266		(581		)	52,440		(1,299		)
Total debt securities	38,158		(760		)	40,008		(1,271		)	78,166		(2,031		)
Financial institution equity securities	407		(18		)	—		—			407		(18		)
Other equity securities	1,837		(100		)	773		(28		)	2,610		(128		)
Total equity securities	2,244		(118		)	773		(28		)	3,017		(146		)
Total Investment Securities AFS	$	40,402	$	(878	)	$	40,781	$	(1,299	)	$	81,183	$	(2,177	)

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

The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(In Thousands)	Amortized Cost		Fair Value
Due in one year or less	$	1,835	$	1,843
Due after one year to five years	32,085		31,926
Due after five years to ten years	88,554		87,311
Due after ten years	37,681		38,745
Total	$	160,155	$	159,825

Schedule of gross realized gains and losses

The following table represents gross realized gains and losses on those transactions:

	Year Ended December 31,
(In Thousands)	2015		2014		2013
Gross realized gains:
U.S. Government and agency securities	$	—	$	59	$	—
Mortgage-backed securities	—		89		—
State and political securities	1,571		2,327		2,076
Other debt securities	825		622		490
Financial institution equity securities	183		710		241
Other equity securities	132		491		340
Total gross realized gains	$	2,711	$	4,298	$	3,147
Gross realized losses:
U.S. Government and agency securities	$	—	$	45	$	—
Mortgage-backed securities	—		—		92
State and political securities	22		412		611
Other debt securities	54		209		27
Financial institution equity securities	—		—		—
Other equity securities	43		117		—
Total gross realized losses	$	119	$	783	$	730