Securities (Tables)

9 Months Ended

Sep. 30, 2018

Securities [Abstract]

Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses of securities are as follows:

	Amortized Cost		Gross Unrealized  Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Available-for-sale Securities:
September 30, 2018:
U.S. government agencies	$	45,250	$	—	$	(820	)	$	44,430
State and political subdivisions		42,433		10		(407	)		42,036
	$	87,683	$	10	$	(1,227	)	$	86,466
Available-for-sale Securities:
December 31, 2017:
U.S. government agencies	$	45,249	$	—		(290	)	$	44,959
	$	45,249	$	—	$	(290	)	$	44,959

Amortized Cost and Fair Value of Available-for-Sale Securities and Held-to-Maturity Securities, by Contractual Maturity

The amortized cost and fair value of available-for-sale securities at September 30, 2018, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-sale
	Amortized Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
One to five years		45,250		44,430
Five to ten year		—		—
Due after ten years		42,433		42,036
Totals	$	87,683	$	86,466

Investments' Gross Unrealized Losses and Fair Value, Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:

September 30, 2018
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
(In thousands)
U.S. Government agencies	$	8,830	$	(171	)	$	35,601	$	(649	)	$	44,431	$	(820	)
State and Political Subdivisions		39,938		(407	)		—		—			39,938		(407	)
Total	$	48,768	$	(578	)	$	35,601	$	(649	)	$	84,369	$	(1,227	)

December 31, 2017
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
(In thousands)
U.S. Government agencies	$	12,190	$	(59	)	$	32,769	$	(231	)	$	44,959	$	(290	)