Securities (Tables)

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities

The amortized cost and fair value of securities at December 31, 2014, 2013 and 2012, respectively, are as follows (in thousands):

December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale securities:
Debt securities:
U.S. Treasuries	$	29,787	$	27	$	(160	)	$	29,654
U.S. Government agencies		119,805		115		(1,931	)		117,989
Mortgage-backed securities		35,671		282		(136	)		35,817
States and political subdivisions		29,832		1,180					31,012
Total debt securities		215,095		1,604		(2,227	)		214,472
Equity securities		650							650
Total available for sale securities	$	215,745	$	1,604	$	(2,227	)	$	215,122
Held to maturity securities:
States and political subdivisions	$	17,784	$	132	$	(57	)	$	17,859
Total held to maturity securities	$	17,784	$	132	$	(57	)	$	17,859

December 31, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale securities:
Debt securities:
U.S. Treasuries	$	44,636	$	54	$	(1,042	)	$	43,648
U.S. Government agencies		155,772		734		(10,701	)		145,805
Mortgage-backed securities		51,454		141		(1,269	)		50,326
States and political subdivisions		33,764		1,248		(1	)		35,011
Total debt securities		285,626		2,177		(13,013	)		274,790
Equity securities		650							650
Total available for sale securities	$	286,276	$	2,177	$	(13,013	)	$	275,440
Held to maturity securities:
States and political subdivisions	$	11,142	$	13	$	(469	)	$	10,686
Total held to maturity securities	$	11,142	$	13	$	(469	)	$	10,686

December 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for sale securities:
Debt securities:
U.S. Treasuries	$	53,661	$	490	$	(55	)	$	54,096
U.S. Government agencies		147,652		1,810		(364	)		149,098
Mortgage-backed securities		16,903		538					17,441
States and political subdivisions		35,433		2,158					37,591
Total debt securities		253,649		4,996		(419	)		258,226
Equity securities		650							650
Total available for sale securities	$	254,299	$	4,996	$	(419	)	$	258,876
Held to maturity securities:
States and political subdivisions	$	7,125	$	112	$	(12	)	$	7,225
Total held to maturity securities	$	7,125	$	112	$	(12	)	$	7,225

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at December 31, 2014, (in thousands) by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Available for sale securities:
Due in one year or less	$	5,715	$	5,762
Due after one year through five years		61,539		61,738
Due after five years through ten years		52,867		52,627
Due after ten years		59,303		58,528
Mortgage-backed securities		35,671		35,817
Totals	$	215,095	$	214,472
Held to maturity securities:
Due in one year or less	$	211	$	211
Due after one year through five years		3,964		3,976
Due after five years through ten years		8,118		8,179
Due after ten years		5,491		5,493
Totals	$	17,784	$	17,859

Available for Sale and Held to Maturity Securities with Gross Unrealized Losses

Available for sale and held to maturity securities with gross unrealized losses at December 31, 2014, 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):

	Less Than Twelve Months				Over Twelve Months				Total
December 31, 2014:	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasuries	$	4,968	$	15	$	14,795	$	145	$	19,763	$	160
U.S. Government agencies		9,954		22		92,923		1,909		102,877		1,931
Mortgage-backed securities						19,436		136		19,436		136
States and political subdivisions		5,485		32		1,444		25		6,929		57
TOTAL	$	20,407	$	69	$	128,598	$	2,215	$	149,005	$	2,284
December 31, 2013:
U.S. Treasuries	$	29,708	$	1,042	$		$		$	29,708	$	1,042
U.S. Government agencies		113,446		10,322		4,621		379		118,067		10,701
Mortgage-backed securities		44,269		1,269						44,269		1,269
States and political subdivisions		7,690		470						7,690		470
TOTAL	$	195,113	$	13,103	$	4,621	$	379	$	199,734	$	13,482
December 31, 2012:
U.S. Treasuries	$	9,887	$	55	$		$		$	9,887	$	55
U.S. Government agencies		30,335		364						30,335		364
States and political subdivisions		1,451		12						1,451		12
TOTAL	$	41,673	$	431	$		$		$	41,673	$	431