Investments (Tables)

12 Months Ended

Dec. 31, 2016



(Dollars in thousands)			Gross		Gross
	Amortized		unrealized		unrealized		Fair
2016	cost		gains		losses		value
Equity securities	$	164	$	126	$	-	$	290
U.S. Government and Agency securities		12,598		148		(26)		12,720
Municipal securities		62,763		793		(571)		62,985
Trust preferred securities		5,979		-		(518)		5,461
Agency mortgage-backed securities		61,305		431		(452)		61,284
Private-label mortgage-backed securities		1,053		56		(5)		1,104
Asset-backed securities		33		-		(2)		31
Total	$	143,895	$	1,554	$	(1,574)	$	143,875



(Dollars in thousands)			Gross		Gross
	Amortized		unrealized		unrealized		Fair
2015	cost		gains		losses		value
Equity securities	$	164	$	69	$	-	$	233
U.S. Government and Agency securities		13,705		164		(33)		13,836
Municipal securities		67,851		1,555		(218)		69,188
Trust preferred securities		5,958		-		(669)		5,289
Agency mortgage-backed securities		69,284		621		(386)		69,519
Private-label mortgage-backed securities		1,335		39		(2)		1,372
Asset-backed securities		38		-		(2)		36
Total	$	158,335	$	2,448	$	(1,310)	$	159,473

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity




	Amortized		Fair
(Dollars in thousands)	cost		value
Due in one year or less	$	2,162	$	2,169
Due after one year through five years		11,038		11,183
Due after five years through ten years		26,176		26,392
Due after ten years		41,997		41,453
		81,373		81,197
Mortgage-backed securities		62,358		62,388
Total	$	143,731	$	143,585

Composition Of Net Realized Securities Gains



(Dollars in thousands)	2016		2015		2014
Gross gains realized (including gain on conversion)	$	22	$	736	$	284
Gross losses realized		-		-		(4)
Net gains realized	$	22	$	736	$	280

Schedule Of Unrealized Loss On Investments



	December 31, 2016
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses		Count	Value		Losses		Count	Value		Losses		Count

U.S. Government and Agency securities	$	789	$	(9)	1	$	3,413	$	(17)	10	$	4,202	$	(26)	11
Municipal securities		23,407		(417)	43		1,598		(154)	2		25,005		(571)	45
Trust preferred securities		-		-	-		5,461		(518)	7		5,461		(518)	7
Agency mortgage-backed securities		26,995		(359)	39		4,656		(93)	11		31,651		(452)	50
Private-label mortgage-backed securities		281		(5)	1		-		-	-		281		(5)	1
Asset-backed securities		-		-	-		4		(2)	1		4		(2)	1
Total	$	51,472	$	(790)	84	$	15,132	$	(784)	31	$	66,604	$	(1,574)	115



	December 31, 2015
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses		Count	Value		Losses		Count	Value		Losses		Count

U.S. Government and Agency securities	$	479	$	(1)	3	$	4,364	$	(32)	10	$	4,843	$	(33)	13
Municipal securities		5,806		(35)	8		4,785		(183)	7		10,591		(218)	15
Trust preferred securities		-		-	-		5,289		(669)	7		5,289		(669)	7
Agency mortgage-backed securities		18,977		(215)	29		7,394		(171)	13		26,371		(386)	42
Private-label mortgage-backed securities		-		-	-		246		(2)	1		246		(2)	1
Asset-backed securities		-		-	-		5		(2)	1		5		(2)	1
Total	$	25,262	$	(251)	40	$	22,083	$	(1,059)	39	$	47,345	$	(1,310)	79

Schedule Of Trust Preferred Securities


(Dollars in thousands)
Deal Name	Maturity	Single Issuer or Pooled	Class	Amortized Cost		Fair Value		Unrealized Gain (Loss)		Lowest Credit Rating Assigned

BankAmerica Cap III	1/15/2027	Single	Preferred Stock	$	967	$	876	$	(91)	BB+
Wachovia Cap Trust II	1/15/2027	Single	Preferred Stock		279		268		(11)	BBB
Huntington Cap Trust	2/1/2027	Single	Preferred Stock		946		830		(116)	BB
Corestates Captl Tr II	2/15/2027	Single	Preferred Stock		943		896		(47)	BBB+
Huntington Cap Trust II	6/15/2028	Single	Preferred Stock		901		822		(79)	BB
Chase Cap VI JPM	8/1/2028	Single	Preferred Stock		966		888		(78)	BBB-
Fleet Cap Tr V	12/18/2028	Single	Preferred Stock		977		881		(96)	BB+
Total				$	5,979	$	5,461	$	(518)

Private Label Mortgage Backed Securities


(Dollars in thousands)											Cumulative
	Origination	Amortized		Fair		Unrealized		Collateral	Lowest Credit	Credit	OTTI
Description	Date	Cost		Value		Gain (Loss)		Type	Rating Assigned	Support %	Charges
MALT 2004-6 7A1	6/1/2004	$	286	$	281	$	(5)	ALT A	CCC	15.71	$	-
RALI 2005-QS2 A1	2/1/2005		152		166		14	ALT A	CC	2.26		15
RALI 2006-QS4 A2	4/1/2006		386		398		12	ALT A	D	-		323
GSR 2006-5F 2A1	5/1/2006		40		47		7	Prime	D	-		15
RALI 2006-QS8 A1	7/28/2006		189		212		23	ALT A	D	-		242
Total		$	1,053	$	1,104	$	51				$	595

Other Than Temporary Impairment, Credit Losses Recognized In Earnings




(Dollars in thousands)	Twelve Months Ended
	2016		2015
Balance of cumulative credit-related OTTI at January 1	$	555	$	535
Additions for credit-related OTTI not previously recognized		40		20
Additional increases for credit-related OTTI previously recognized when there is no intent to sell
and no requirement to sell before recovery of amortized cost basis		-		-
Decreases for previously recognized credit-related OTTI because there was an intent to sell		-		-
Reduction for increases in cash flows expected to be collected		-		-
Balance of credit-related OTTI at December 31	$	595	$	555

- 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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