Securities (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2017
Obligations of  U.S. Government agencies	$	9,405	$	3	$	(90	)	$	9,318
Obligations of state and political subdivisions		69,532		691		(131	)		70,092
Mortgage-backed securities		81,018		0		(1,116	)		79,902
Money market investments		748		0		0			748
Corporate bonds and other securities		7,199		152		(6	)		7,345
Other marketable equity securities		100		81		0			181
Total	$	168,002	$	927	$	(1,343	)	$	167,586
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						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Securities Available-for-sale
Realized gains on sales of securities		$	87		$	6		$	87		$	554
Realized losses on sales of securities			0			0			0			(39	)
Net realized gain		$	87		$	6		$	87		$	515

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, 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		$	3		$	2,263		$	87		$	3,331	$	90		$	5,594		7
Obligations of state and political subdivisions			131			14,938			0			0		131			14,938		20
Mortgage-backed securities			1,116			79,902			0			0		1,116			79,902		24
Corporate bonds			5			1,994			1			100		6			2,094		14
Total securities available-for-sale		$	1,255		$	99,097		$	88		$	3,431	$	1,343		$	102,528		65

	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