Securities (Tables)

9 Months Ended

Sep. 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)
September 30, 2015
Obligations of  U.S. Government agencies	$	100	$	0	$	(1	)	$	99
Obligations of state and political subdivisions		28,783		536		(8	)		29,311
Mortgage-backed securities		54,507		3,063		0			57,570
Total	$	83,390	$	3,599	$	(9	)	$	86,980
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)
September 30, 2015
U.S. Treasury securities	$	20,000	$	0	$	0		$	20,000
Obligations of  U.S. Government agencies		4,254		2		(120	)		4,136
Obligations of state and political subdivisions		48,716		546		(395	)		48,867
Mortgage-backed securities		53,925		23		(480	)		53,468
Money market investments		680		0		0			680
Corporate bonds		3,298		9		(4	)		3,303
Other marketable equity securities		100		0		(15	)		85
Total	$	130,973	$	580	$	(1,014	)	$	130,539
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 September 30, 2014 or in the three or nine months ended September 30, 2015.  For the nine months ended September 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.

	September 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	$	120	$	3,834	$	120	$	3,834		1
Obligations of state and political subdivisions		226		13,060		169		3,952		395		17,012		33
Mortgage-backed securities		480		34,229		0		0		480		34,229		5
Corporate bonds		2		1,198		2		298		4		1,496		12
Other marketable equity securities		0		0		15		85		15		85		1
Total securities available-for-sale	$	708	$	48,487	$	306	$	8,169	$	1,014	$	56,656		52
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	1	$	99	$	1	$	99		1
Obligations of state and political subdivisions		6		1,444		2		536		8		1,980		4
Total securities held-to-maturity	$	6	$	1,444	$	3	$	635	$	9	$	2,079		5
Total securities	$	714	$	49,931	$	309	$	8,804	$	1,023	$	58,735		57

	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