Securities (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017
Obligations of  U.S. Government agencies	$	29,483	$	0	$	(117	)	$	29,366
Obligations of state and political subdivisions		76,058		539		(754	)		75,843
Mortgage-backed securities		83,347		7		(1,837	)		81,517
Money market investments		699		0		0			699
Corporate bonds and other securities		7,498		135		(8	)		7,625
Other marketable equity securities		100		48		0			148
Total	$	197,185	$	729	$	(2,716	)	$	195,198
December 31, 2016
U.S. Treasury securities	$	20,000	$	0	$	0		$	20,000
Obligations of  U.S. Government agencies		9,361		0		(166	)		9,195
Obligations of state and political subdivisions		78,645		358		(1,016	)		77,987
Mortgage-backed securities		85,649		18		(1,973	)		83,694
Money market investments		647		0		0			647
Corporate bonds and other securities		7,598		92		(12	)		7,678
Other marketable equity securities		100		64		0			164
Total	$	202,000	$	532	$	(3,167	)	$	199,365

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
	March 31,
	2017			2016
	(in thousands)
Securities Available-for-sale
Realized gains on sales of securities		$	0		$	548
Realized losses on sales of securities			0			(39	)
Net realized gain (loss)		$	0		$	509

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, 2017
	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		$	117		$	29,066		$	0		$	0	$	117		$	29,066		9
Obligations of state and political subdivisions			754			30,520			0			0		754			30,520		44
Mortgage-backed securities			1,837			78,173			0			0		1,837			78,173		23
Corporate bonds			7			1,791			1			100		8			1,891		13
Total securities available-for-sale		$	2,715		$	139,550		$	1		$	100	$	2,716		$	139,650		89

	December 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
Obligations of U.S. Government agencies		$	166		$	9,195		$	0		$	0		$	166		$	9,195		6
Obligations of state and political subdivisions			1,016			38,020			0			0			1,016			38,020		56
Mortgage-backed securities			1,973			80,680			0			0			1,973			80,680		23
Corporate bonds			11			1,787			1			100			12			1,887		13
Total securities available-for-sale		$	3,166		$	129,682		$	1		$	100		$	3,167		$	129,782		98