Investment Securities (Tables)

12 Months Ended

Dec. 31, 2015

Investments Debt And Equity Securities [Abstract]

Summary of Investment Securities Available-for-Sale

The following is a summary of investment securities available-for-sale:

	(Amounts in thousands)
December 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Government agencies and corporations	$	12,555	$	136	$	68	$	12,623
Obligations of states and political subdivisions		50,139		1,386		120		51,405
U.S. Government-sponsored mortgage-backed securities		70,193		165		679		69,679
U.S. Government-sponsored collateralized mortgage obligations		13,665		—		135		13,530
U.S. Government-guaranteed small business administration pools		2,883		—		46		2,837
Trust preferred securities		1,640		—		862		778
Total debt securities		151,075		1,687		1,910		150,852
Federal Home Loan Bank (FHLB) stock		2,823		—		—		2,823
Federal Reserve Bank (FRB) stock		226		—		—		226
Total regulatory stock		3,049		—		—		3,049
Total investment securities available-for-sale	$	154,124	$	1,687	$	1,910	$	153,901

	(Amounts in thousands)
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury securities	$	100	$	1	$	—	$	101
U.S. Government agencies and corporations		8,640		88		80		8,648
Obligations of states and political subdivisions		48,547		1,667		123		50,091
U.S. Government-sponsored mortgage-backed securities		85,675		353		441		85,587
U.S. Government-sponsored collateralized mortgage obligations		14,030		26		64		13,992
Trust preferred securities		1,662		—		883		779
Total debt securities		158,654		2,135		1,591		159,198
Federal Home Loan Bank (FHLB) stock		2,823		—		—		2,823
Federal Reserve Bank (FRB) stock		226		—		—		226
Total regulatory stock		3,049		—		—		3,049
Total investment securities available-for-sale	$	161,703	$	2,135	$	1,591	$	162,247

Summary of Realized and Unrealized Gains and Losses on Trading Securities

	(Amounts in thousands)
	2015			2014			2013
Unrealized gains	$	7		$	39		$	52
Unrealized losses		(3	)		(4	)		(3	)
Net unrealized gains		4			35			49
Net realized (losses) gains		(15	)		292			136
Trading securities (losses) gains, net	$	(11	)	$	327		$	185

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Actual maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	(Amounts in thousands)
	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years		4,022		4,165
Due after five years through ten years		21,834		22,234
Due after ten years		41,361		41,244
Total		67,217		67,643
U.S. Government-sponsored mortgage-backed and related securities		83,858		83,209
Total debt securities	$	151,075	$	150,852

Proceeds and Gains or Losses Realized on Available for Sale Securities Sold or Called

The following table sets forth the proceeds, gains and losses realized on securities sold or called for each of the years ended December 31:

	(Amounts in thousands)
	2015		2014		2013
Proceeds on securities sold	$	12,291	$	32,733	$	29,338
Gross realized gains		135		1,170		658
Gross realized losses		60		582		123

Fair Value of Securities with Unrealized Losses and an Aging of those Unrealized Losses

The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2015:

	(Amounts in thousands)
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Government agencies and corporations	$	1,974	$	25	$	1,947	$	43	$	3,921	$	68
Obligations of states and political subdivisions		5,439		61		2,125		59		7,564		120
U.S. Government-sponsored mortgage-backed    securities		35,081		315		16,575		364		51,656		679
U.S. Government-sponsored collateralized    mortgage obligations		13,530		135		—		—		13,530		135
U.S. Government-guaranteed small business    administration pools		2,837		46		—		—		2,837		46
Trust preferred securities		—		—		778		862		778		862
Total	$	58,861	$	582	$	21,425	$	1,328	$	80,286	$	1,910

The above table represents 34 investment securities where the fair value is less than the related amortized cost.

The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2014:

	(Amounts in thousands)
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Government agencies and corporations	$	335	$	2	$	1,910	$	78	$	2,245	$	80
Obligations of states and political subdivisions		2,456		18		4,159		105		6,615		123
U.S. Government-sponsored mortgage-backed    securities		14,460		33		31,550		408		46,010		441
U.S. Government-sponsored collateralized    mortgage obligations		2,273		30		3,145		34		5,418		64
Trust preferred securities		—		—		779		883		779		883
Total	$	19,524	$	83	$	41,543	$	1,508	$	61,067	$	1,591

Summary of Net Impairment Losses in Earnings and Impairment Losses Recognized in Other Comprehensive Income

The Company recorded impairment credit losses in earnings (before tax) and non-credit impairment losses in other comprehensive (loss) income (before tax) as indicated in the following table:

	(Amounts in thousands)
	December 31,
	2015		2014		2013
Trust preferred securities:
Net impairment losses recognized in earnings (before tax)	$	—	$	—	$	1,954
Impairment losses recognized in other comprehensive income (before tax)	$	—	$	—	$	3,595

Other than Temporary Impairment Credit Losses Recognized in Earnings

The following provides a cumulative roll forward of credit losses recognized in earnings for trust preferred securities held for the years ended:

	(Amounts in thousands)
	December 31,
	2015		2014			2013
Beginning balance	$	140	$	2,305		$	351
Reduction for debt securities for which other-than-temporary impairment has    been previously recognized and there is no related other comprehensive    income		—		—			—
Credit losses on debt securities for which other-than-temporary impairment    has not been previously recognized		—		—			1,954
Additional credit losses on debt securities for which other-than-temporary    impairment was previously recognized		—		—			—
Sale of debt securities				(2,165	)		—
Ending balance	$	140	$	140		$	2,305