Securities (Tables)

9 Months Ended

Sep. 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)
September 30, 2017
Obligations of  U.S. Government agencies	$	9,574	$	11	$	(92	)	$	9,493
Obligations of state and political subdivisions		67,815		771		(152	)		68,434
Mortgage-backed securities		78,436		-		(1,120	)		77,316
Money market investments		1,169		-		-			1,169
Corporate bonds and other securities		7,349		166		(5	)		7,510
Other marketable equity securities		100		90		-			190
Total	$	164,443	$	1,038	$	(1,369	)	$	164,112
December 31, 2016
U.S. Treasury securities	$	20,000	$	-	$	-		$	20,000
Obligations of  U.S. Government agencies		9,361		-		(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		-		-			647
Corporate bonds and other securities		7,598		92		(12	)		7,678
Other marketable equity securities		100		64		-			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							Nine Months Ended
	September 30,							September 30,
	2017			2016				2017			2016
Securities Available-for-sale
Realized gains on sales of securities		$	2		$	24			$	89		$	578
Realized losses on sales of securities			-			(17	)			-			(56	)
Net realized gain		$	2		$	7			$	89		$	522

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 not deemed to be other-than-temporarily impaired as of September 30, 2017 and December 31, 2016, 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, 2017
	Less Than Twelve Months						More Than Twelve Months						Total
September 30, 2017	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		$	10		$	4,393		$	82		$	3,120	$	92		$	7,513		11
Obligations of state and political subdivisions			80			5,006			72			6,898		152			11,904		15
Mortgage-backed securities			257			32,054			863			45,262		1,120			77,316		24
Corporate bonds			1			1,299			4			295		5			1,594		10
Total securities available-for-sale		$	348		$	42,752		$	1,021		$	55,575	$	1,369		$	98,327		60

December 31, 2016
	Less Than Twelve Months						More Than Twelve Months						Total
December 31, 2016	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		$	-		$	-		$	166		$	9,195		6
Obligations of state and political subdivisions			1,016			38,020			-			-			1,016			38,020		56
Mortgage-backed securities			1,973			80,680			-			-			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