Securities Portfolio (Tables)

12 Months Ended

Dec. 31, 2017

Securities Portfolio [Abstract]

Amortized Cost and Fair Value, with Gross Unrealized Gains and Losses of Securities Available-for-Sale

The amortized cost and fair value, with gross unrealized gains and losses, of securities available-for-sale were:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
December 31, 2017
Obligations of U.S. Government agencies	$	9,530	$	27	$	(122	)	$	9,435
Obligations of state and political subdivisions		64,413		489		(137	)		64,765
Mortgage-backed securities		75,906		-		(1,610	)		74,296
Money market investments		1,194		-		-			1,194
Corporate bonds and other securities		7,049		195		(10	)		7,234
Other marketable equity securities		100		97		-			197
Total	$	158,192	$	808	$	(1,879	)	$	157,121
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

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity are shown below.

		December 31, 2017 Available-for-Sale
		Amortized Cost		Fair Value
	(in thousands)
Due in one year or less		$	4,015	$	4,009
Due after one year through five years			23,293		23,126
Due after five years through ten years			38,197		37,997
Due after ten years			91,393		90,598
Total debt securities			156,898		155,730
Other securities without stated maturities			1,294		1,391
Total securities		$	158,192	$	157,121

Information about Securities Sold

The following table provides information about securities sold in the years ended December 31:

		2017		2016		2015
	(in thousands)
Proceeds from sales		$	4,480	$	107,647	$	23,005
Gross realized gains		$	96	$	578	$	76
Gross realized losses		$	-	$	56	$	-

Available-for-Sale Securities and Held-to-Maturity Securities, Continuous Unrealized Loss Position

The following table shows the number of securities with unrealized losses, 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:

	December 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		$	11	$	3,189	$	111	$	3,089	$	122	$	6,278	13
Obligations of state and political subdivisions			32		11,141		105		10,999		137		22,140	29
Mortgage-backed securities			67		9,742		1,543		64,554		1,610		74,296	24
Corporate bonds and other securities			2		1,098		8		792		10		1,890	11
Total securities available-for-sale		$	112	$	25,170	$	1,767	$	79,434	$	1,879	$	104,604	77

	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	$	-	$	-	$	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 and other securities			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