Securities (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2015
Obligations of  U.S. Government agencies	$	100	$	0	$	(2	)	$	98
Obligations of state and political subdivisions		28,932		393		(20	)		29,305
Mortgage-backed securities		56,603		2,711		0			59,314
Total	$	85,635	$	3,104	$	(22	)	$	88,717
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)
June 30, 2015
U.S. Treasury securities	$	20,000	$	0	$	0		$	20,000
Obligations of  U.S. Government agencies		4,486		2		(155	)		4,333
Obligations of state and political subdivisions		48,843		390		(849	)		48,384
Mortgage-backed securities		56,403		0		(868	)		55,535
Money market investments		746		0		0			746
Corporate bonds		3,097		7		(6	)		3,098
Other marketable equity securities		100		0		(20	)		80
Total	$	133,675	$	399	$	(1,898	)	$	132,176
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 or six months ended June 30, 2015.  For the three and six months ended June 30, 2014, there were no gains, and gross losses were $7 thousand.

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.

	June 30, 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:
Obligations of U.S. Government agencies	$	0	$	0	$	155	$	4,031	$	155	$	4,031		1
Obligations of state and political subdivisions		568		20,987		281		3,850		849		24,837		45
Mortgage-backed securities		868		55,535		0		0		868		55,535		8
Corporate bonds		4		1,395		2		298		6		1,693		13
Other marketable equity securities		0		0		20		80		20		80		1
Total securities available-for-sale	$	1,440	$	77,917	$	458	$	8,259	$	1,898	$	86,176		68
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	2	$	98	$	2	$	98		1
Obligations of state and political subdivisions		15		2,684		5		535		20		3,219		6
Total securities held-to-maturity	$	15	$	2,684	$	7	$	633	$	22	$	3,317		7
Total securities	$	1,455	$	80,601	$	465	$	8,892	$	1,920	$	89,493		75

	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