Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investments Debt And Equity Securities [Abstract]

Summary of Investment Securities Available-for-Sale

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

	(Amounts in thousands)
June 30, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Government agencies and corporations	$	2,340	$	20	$	—	$	2,360
Obligations of states and political subdivisions		58,319		2,482		4		60,797
U.S. Government-sponsored mortgage-backed securities		79,724		303		218		79,809
U.S. Government-sponsored collateralized mortgage obligations		7,134		86		—		7,220
U.S. Government-guaranteed small business administration pools		10,046		86		—		10,132
Trust preferred securities		1,630		—		915		715
Total debt securities		159,193		2,977		1,137		161,033
Federal Home Loan Bank (FHLB) stock		2,355		—		—		2,355
Federal Reserve Bank (FRB) stock		226		—		—		226
Total regulatory stock		2,581		—		—		2,581
Total investment securities available-for-sale	$	161,774	$	2,977	$	1,137	$	163,614

	(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

Summary of Realized and Unrealized Gains and Losses on Trading Securities

	(Amounts in thousands)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Unrealized gains	$	23		$	—		$	—		$	42
Unrealized losses		—			(4	)		(2	)		(1	)
Net unrealized (losses) gains		23			(4	)		(2	)		41
Net realized losses		(36	)		(34	)		(45	)		(71	)
Trading securities losses, net	$	(13	)	$	(38	)	$	(47	)	$	(30	)

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at June 30, 2016, 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		1,446		1,536
Due after five years through ten years		11,848		12,345
Due after ten years		59,041		60,123
Total		72,335		74,004
U.S. Government-sponsored mortgage-backed and related securities		86,858		87,029
Total debt securities	$	159,193	$	161,033

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

The table below sets forth the proceeds and gains or losses realized on available for sale securities sold or called for the periods presented:

	(Amounts in thousands)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Proceeds on securities sold	$	12,984	$	—	$	39,489	$	—
Gross realized gains		136		—		571		—
Gross realized losses		119		—		196		—

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

The following is a summary of the fair value of available-for-sale securities with unrealized losses and an aging of those unrealized losses at June 30, 2016:  

	(Amounts in thousands)
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Obligations of states and political subdivisions	$	1,004	$	4	$	—	$	—	$	1,004	$	4
U.S. Government-sponsored mortgage-backed   securities		10,222		95		13,964		123		24,186		218
Trust preferred securities		—		—		715		915		715		915
Total	$	11,226	$	99	$	14,679	$	1,038	$	25,905	$	1,137

The above table comprises 16 investment securities where the fair value is less than the related amortized cost.

The following is a summary of the fair value of available-for-sale 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

Other than Temporary Impairment Credit Losses Recognized in Earnings

The following provides a cumulative rollforward of credit losses recognized in earnings for trust preferred securities held.

	(Amounts in thousands)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Beginning balance	$	140	$	140	$	140	$	140
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		—		—		—		—
Additional credit losses on debt securities for which other-than-    temporary impairment was previously recognized		—		—		—		—
Sale of debt securities		—		—		—		—
Ending balance	$	140	$	140	$	140	$	140