Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2019 and December 31, 2018,  follows

	(In Thousands)
	March 31, 2019
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	23,059	$	6	$	(182	)	$	22,883
U.S. Government agencies		75,289		131		(1,205	)		74,215
Mortgage-backed securities		38,619		97		(822	)		37,894
State and local governments		39,756		296		(362	)		39,690
Total available-for-sale securities	$	176,723	$	530	$	(2,571	)	$	174,682

	(In Thousands)
	December 31, 2018
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	23,078	$	6	$	(254	)	$	22,830
U.S. Government agencies		71,235		2		(1,910	)		69,327
Mortgage-backed securities		37,342		62		(1,142	)		36,262
State and local governments		40,608		225		(805	)		40,028
Total available-for-sale securities	$	172,263	$	295	$	(4,111	)	$	168,447

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at March 31, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:    

	(In Thousands)
	March 31, 2019
	Less Than  Twelve Months					Twelve Months  & Over
	Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(182	)	$	20,908
U.S. Government agencies		-			-		(1,205	)		65,412
Mortgage-backed securities		(1	)		720		(821	)		29,528
State and local governments		-			-		(362	)		27,792
Total available-for-sale securities	$	(1	)	$	720	$	(2,570	)	$	143,640

	(In Thousands)
	December 31, 2018
	Less Than  Twelve Months					Twelve Months  & Over
	Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(254	)	$	20,861
U.S. Government agencies		-			-		(1,910	)		64,727
Mortgage-backed securities		(4	)		697		(1,138	)		30,347
State and local governments		(22	)		3,254		(783	)		29,413
Total available-for-sale securities	$	(26	)	$	3,951	$	(4,085	)	$	145,348

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three months ended March 31, 2019 and March 31, 2018.

	Three Months
	(In Thousands)
	2019			2018
Gross realized gains	$	16		$	-
Gross realized losses		(42	)		-
Net realized losses	$	(26	)	$	-
Tax expense related to net realized losses	$	(5	)	$	-

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at March 31, 2019, 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.

	(In Thousands)
	Amortized
	Cost		Fair Value
One year or less	$	30,977	$	30,820
After one year through five years		60,395		59,594
After five years through ten years		45,454		45,152
After ten years		1,278		1,222
Total	$	138,104	$	136,788
Mortgage-backed securities		38,619		37,894
Total	$	176,723	$	174,682