Securities (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018
Obligations of  U.S. Government agencies	$	9,440	$	25	$	(128	)	$	9,337
Obligations of state and political subdivisions		59,924		150		(805	)		59,269
Mortgage-backed securities		73,699		-		(2,758	)		70,941
Money market investments		1,612		-		-			1,612
Corporate bonds and other securities		4,650		64		(16	)		4,698
Total	$	149,325	$	239	$	(3,707	)	$	145,857
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

Gross Realized Gains and (Losses) on Sale of Investments

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

	Three Months Ended
	March 31,
	2018			2017
	(in thousands)
Securities Available-for-sale
Realized gains on sales of securities		$	80		$	-
Realized losses on sales of securities			-			-
Net realized gain (loss)		$	80		$	-

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

The following table shows 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 March 31, 2018 and December 31, 2017, 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, 2018
	Less Than Twelve Months						More Than Twelve Months				Total
March 31, 2018	Gross Unrealized Losses			Fair Value			Gross Unrealized Losses		Fair Value		Gross Unrealized Losses			Fair Value
	(dollars in thousands)
Securities Available-for-Sale
Obligations of U.S. Government agencies		$	7		$	1,492	$	121	$	3,283		$	128		$	4,775
Obligations of state and political subdivisions			405			22,103		400		10,658			805			32,761
Mortgage-backed securities			136			6,810		2,622		64,131			2,758			70,941
Corporate bonds			5			1,095		11		789			16			1,884
Total securities available-for-sale		$	553		$	31,500	$	3,154	$	78,861		$	3,707		$	110,361

December 31, 2017
	Less Than Twelve Months						More Than Twelve Months						Total
December 31, 2017	Gross Unrealized Losses			Fair Value			Gross Unrealized Losses			Fair Value			Gross Unrealized Losses			Fair Value
	(dollars in thousands)
Securities Available-for-Sale
Obligations of U.S. Government agencies		$	11		$	3,189		$	111		$	3,089		$	122		$	6,278
Obligations of state and political subdivisions			32			11,141			105			10,999			137			22,140
Mortgage-backed securities			67			9,742			1,543			64,554			1,610			74,296
Corporate bonds			2			1,098			8			792			10			1,890
Total securities available-for-sale		$	112		$	25,170		$	1,767		$	79,434		$	1,879		$	104,604