Securities (Tables)

3 Months Ended

Mar. 31, 2016

Securities [Abstract]

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, 2016
U.S. Treasury securities	$	19,999	$	0	$	0		$	19,999
Obligations of  U.S. Government agencies		4,071		1		(50	)		4,022
Obligations of state and political subdivisions		71,958		1,161		(127	)		72,992
Mortgage-backed securities		94,511		0		(1,092	)		93,419
Money market investments		511		0		0			511
Corporate bonds and other securities		3,397		17		(3	)		3,411
Other marketable equity securities		100		0		0			100
Total	$	194,547	$	1,179	$	(1,272	)	$	194,454
December 31, 2015
Obligations of  U.S. Government agencies	$	24,353	$	1	$	(114	)	$	24,240
Obligations of state and political subdivisions		77,223		1,323		(113	)		78,433
Mortgage-backed securities		109,360		0		(1,964	)		107,396
Money market investments		631		0		0			631
Corporate bonds and other securities		3,397		4		(8	)		3,393
Other marketable equity securities		100		0		(1	)		99
Total	$	215,064	$	1,328	$	(2,200	)	$	214,192

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, 2016
	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		$	50	$	3,721		$	50		$	3,721		2
Obligations of state and political subdivisions			87			5,432			40		3,043			127			8,475		15
Mortgage-backed securities			254			31,813			838		61,606			1,092			93,419		18
Corporate bonds			0			0			3		697			3			697		6
Total securities available-for-sale		$	341		$	37,245		$	931	$	69,067		$	1,272		$	106,312		41

	December 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:
Obligations of U.S. Government agencies		$	0		$	0		$	114		$	3,940		$	114		$	3,940		2
Obligations of state and political subdivisions			42			4,177			71			3,545			113			7,722		13
Mortgage-backed securities			848			62,698			1,116			44,698			1,964			107,396		13
Corporate bonds			6			2,091			2			198			8			2,289		16
Other marketable equity securities			1			99			0			0			1			99		1
Total securities available-for-sale		$	897		$	69,065		$	1,303		$	52,381		$	2,200		$	121,446		45