Securities (Tables)

3 Months Ended

Mar. 31, 2015

Securities [Abstract]

Amortized costs and fair value of securities held-to-maturity

Amortized costs and fair values of securities held-to-maturity as of the dates indicated are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
March 31, 2015
Obligations of  U.S. Government agencies	$	100	$	0	$	(1	)	$	99
Obligations of state and political subdivisions		29,380		644		(6	)		30,018
Mortgage-backed securities		58,809		3,496		0			62,305
Total	$	88,289	$	4,140	$	(7	)	$	92,422
December 31, 2014
Obligations of  U.S. Government agencies	$	100	$	0	$	(3	)	$	97
Obligations of state and political subdivisions		29,529		449		(18	)		29,960
Mortgage-backed securities		60,460		3,889		0			64,349
Total	$	90,089	$	4,338	$	(21	)	$	94,406

Amortized costs and fair value of securities available-for-sale

Amortized costs and fair values of securities available-for-sale as of the dates indicated are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
March 31, 2015
U.S. Treasury securities	$	6,500	$	0	$	0		$	6,500
Obligations of  U.S. Government agencies		17,987		3		(149	)		17,841
Obligations of state and political subdivisions		48,968		823		(242	)		49,549
Mortgage-backed securities		59,086		90		(494	)		58,682
Money market investments		629		0		0			629
Corporate bonds		3,097		12		(4	)		3,105
Other marketable equity securities		100		0		(19	)		81
Total	$	136,367	$	928	$	(908	)	$	136,387
December 31, 2014
U.S. Treasury securities	$	20,000	$	0	$	0		$	20,000
Obligations of  U.S. Government agencies		4,768		2		(152	)		4,618
Obligations of state and political subdivisions		49,783		698		(235	)		50,246
Mortgage-backed securities		61,296		34		(442	)		60,888
Money market investments		719		0		0			719
Corporate bonds		2,798		3		(11	)		2,790
Other marketable equity securities		100		0		(15	)		85
Total	$	139,464	$	737	$	(855	)	$	139,346

There were no gains or losses recorded on the sale of available-for-sale securities in the three months ended March 31, 2015 or 2014.

Available-for-sale securities and Held-to-maturity securities, continuous unrealized loss position

The following table shows the number of securities with unrealized losses, and the gross unrealized losses and fair value of the Company's investments with unrealized losses that are deemed to be temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated.

	March 31, 2015
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Number of Securities
	(dollars in thousands)
Securities Available-for-Sale
Debt securities:
U.S. Treasury securities	$	0	$	6,500	$	0	$	0	$	0	$	6,500		1
Obligations of U.S. Government agencies		0		13,500		149		4,038		149		17,538		2
Obligations of state and political subdivisions		102		7,322		140		4,002		242		11,324		22
Mortgage-backed securities		494		47,000		0		0		494		47,000		6
Corporate bonds		1		297		3		497		4		794		7
Other marketable equity securities		0		0		19		81		19		81		1
Total securities available-for-sale	$	597	$	74,619	$	311	$	8,618	$	908	$	83,237		39
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	1	$	99	$	1	$	99		1
Obligations of state and political subdivisions		2		904		4		539		6		1,443		3
Total securities held-to-maturity	$	2	$	904	$	5	$	638	$	7	$	1,542		4
Total securities	$	599	$	75,523	$	316	$	9,256	$	915	$	84,779		43

	December 31, 2014
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Number of Securities
	(dollars in thousands)
Securities Available-for-Sale
Debt securities:
U.S. Treasury securities	$	0	$	20,000	$	0	$	0	$	0	$	20,000		1
Obligations of U.S. Government agencies		0		0		152		4,316		152		4,316		1
Obligations of state and political subdivisions		2		604		233		11,951		235		12,555		24
Mortgage-backed securities		62		16,589		380		32,104		442		48,693		6
Corporate bonds		3		1,096		8		792		11		1,888		14
Other marketable equity securities		15		85		0		0		15		85		1
Total securities available-for-sale	$	82	$	38,374	$	773	$	49,163	$	855	$	87,537		47
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	3	$	97	$	3	$	97		1
Obligations of state and political subdivisions		2		1,261		16		1,203		18		2,464		6
Total securities held-to-maturity	$	2	$	1,261	$	19	$	1,300	$	21	$	2,561		7
Total securities	$	84	$	39,635	$	792	$	50,463	$	876	$	90,098		54