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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The amortized cost, related estimated fair value, and unrealized gains and losses for investment securities classified as “Available-For-Sale” or “Held-to-Maturity” were as follows at December 31, 2016 and 2015:
 
 
 
Available-for-Sale Securities
 
(Dollars in thousands)
 
 
 
Gross
 
Gross
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
1,008
 
$
2
 
$
 
$
1,010
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
112,155
 
 
83
 
 
(1,331)
 
 
110,907
 
Other
 
 
21,399
 
 
82
 
 
(511)
 
 
20,970
 
Obligations of state and political subdivisions
 
 
211,154
 
 
2,776
 
 
(2,796)
 
 
211,134
 
Corporate debt securities
 
 
35,178
 
 
4
 
 
(1,206)
 
 
33,976
 
Marketable equity securities
 
 
810
 
 
830
 
 
 
 
1,640
 
Total
 
$
381,704
 
$
3,777
 
$
(5,844)
 
$
379,637
 
 
 
 
Held-to-Maturity Securities
 
(Dollars in thousands)
 
 
 
Gross
 
Gross
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
$
4
 
$
 
$
 
$
4
 
Total
 
$
4
 
$
 
$
 
$
4
 
 
 
 
Available-for-Sale Securities
 
(Dollars in thousands)
 
 
 
Gross
 
Gross
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
1,022
 
$
 
$
(1)
 
$
1,021
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
113,847
 
 
37
 
 
(1,410)
 
 
112,474
 
Other
 
 
21,554
 
 
117
 
 
(79)
 
 
21,592
 
Obligations of state and political subdivisions
 
 
195,297
 
 
5,425
 
 
(408)
 
 
200,314
 
Corporate debt securities
 
 
49,162
 
 
10
 
 
(1,339)
 
 
47,833
 
Marketable equity securities
 
 
1,194
 
 
813
 
 
 
 
2,007
 
Total
 
$
382,076
 
$
6,402
 
$
(3,237)
 
$
385,241
 
 
 
 
Held-to-Maturity Securities
 
(Dollars in thousands)
 
 
 
Gross
 
Gross
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
$
26
 
$
1
 
$
 
$
27
 
Total
 
$
26
 
$
1
 
$
 
$
27
 
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of securities, by contractual maturity, are shown below at December 31, 2016. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
(Dollars in thousands)
 
Available for Sale
 
Held to Maturity
 
 
 
Amortized
 
 
 
Amortized
 
 
 
 
 
Cost
 
Fair Value
 
Cost
 
Fair Value
 
1 year or less
 
$
2,264
 
$
2,264
 
$
 
$
 
Over 1 year through 5 years
 
 
59,860
 
 
60,118
 
 
 
 
 
Over 5 years through 10 years
 
 
97,209
 
 
95,887
 
 
 
 
 
Over 10 years
 
 
109,406
 
 
108,821
 
 
 
 
 
Mortgage-backed securities
 
 
112,155
 
 
110,907
 
 
4
 
 
4
 
Marketable equity securities
 
 
810
 
 
1,640
 
 
 
 
 
 
 
$
381,704
 
$
379,637
 
$
4
 
$
4
 
Schedule of Unrealized Loss on Investments [Table Text Block]
In accordance with disclosures required by FASB ASC 320-10-50, Investments - Debt and Equity Securities, the summary below shows the gross unrealized losses and fair value of the Corporation’s investments, aggregated by investment category, that individual securities have been in a continuous unrealized loss position for less than 12 months or 12 months or more as of December 31, 2016 and 2015:
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Less Than 12 Months
 
12 Months or More
 
Total
 
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
 
 
Value
 
Loss
 
Value
 
Loss
 
Value
 
Loss
 
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
 
$
 
$
 
$
 
$
 
$
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
89,444
 
 
(1,216)
 
 
8,783
 
 
(115)
 
 
98,227
 
 
(1,331)
 
Other
 
 
10,340
 
 
(500)
 
 
1,741
 
 
(11)
 
 
12,081
 
 
(511)
 
Obligations of state and political subdivisions
 
 
95,481
 
 
(2,796)
 
 
 
 
 
 
95,481
 
 
(2,796)
 
Corporate debt securities
 
 
21,656
 
 
(749)
 
 
10,298
 
 
(457)
 
 
31,954
 
 
(1,206)
 
Marketable equity securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
216,921
 
$
(5,261)
 
$
20,822
 
$
(583)
 
$
237,743
 
$
(5,844)
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Less Than 12 Months
 
12 Months or More
 
Total
 
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
 
 
Value
 
Loss
 
Value
 
Loss
 
Value
 
Loss
 
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$
1,021
 
$
(1)
 
$
 
$
 
$
1,021
 
$
(1)
 
Obligations of U.S. Government Corporations and Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed
 
 
86,618
 
 
(1,177)
 
 
11,234
 
 
(233)
 
 
97,852
 
 
(1,410)
 
Other
 
 
12,962
 
 
(79)
 
 
 
 
 
 
12,962
 
 
(79)
 
Obligations of state and political subdivisions
 
 
26,163
 
 
(258)
 
 
8,105
 
 
(150)
 
 
34,268
 
 
(408)
 
Corporate debt securities
 
 
27,527
 
 
(531)
 
 
19,433
 
 
(808)
 
 
46,960
 
 
(1,339)
 
Marketable equity securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
154,291
 
$
(2,046)
 
$
38,772
 
$
(1,191)
 
$
193,063
 
$
(3,237)