Securities (Tables)

9 Months Ended

Sep. 30, 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)
September 30, 2016
Obligations of  U.S. Government agencies	$	4,016	$	1	$	(13	)	$	4,004
Obligations of state and political subdivisions		69,846		1,559		(4	)		71,401
Mortgage-backed securities		82,124		429		(49	)		82,504
Money market investments		564		0		0			564
Corporate bonds and other securities		3,598		17		(4	)		3,611
Other marketable equity securities		100		35		0			135
Total	$	160,248	$	2,041	$	(70	)	$	162,219
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

Realized Gains and (Losses) on Sale of Investments

The following table summarizes realized gains and losses on the sale of investment securities during the periods indicated:

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
	2016				2015			2016				2015
Securities Available-for-sale
Realized gains on sales of securities		$	24			$	0		$	578			$	0
Realized losses on sales of securities			(17	)			0			(56	)			0
Net realized gain		$	7			$	0		$	522			$	0

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, 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
Obligations of U.S. Government agencies		$	13		$	3,703		$	0		$	0	$	13		$	3,703		3
Obligations of state and political subdivisions			4			1,314			0			0		4			1,314		3
Mortgage-backed securities			49			16,717			0			0		49			16,717		4
Corporate bonds			3			797			1			99		4			896		7
Total securities available-for-sale		$	69		$	22,531		$	1		$	99	$	70		$	22,630		17

	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
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