Securities (Tables)

12 Months Ended

Dec. 31, 2016



	2016
	(in thousands)

	Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value

Available for Sale:
Debt securities:
U.S. government agencies	$	12,958	$	67	$	(153)	$	12,872
States and political subdivisions		34,952		356		(166)		35,142
Total debt securities	$	47,910	$	423	$	(319)	$	48,014

Mortgage-backed securities:
FNMA	$	14,694	$	96	$	(230)	$	14,560
FHLMC		3,544		32		(51)		3,525
GNMA		2,535		19		(21)		2,533
CMO		27,127		67		(604)		26,590
Total mortgage-backed securities	$	47,900	$	214	$	(906)	$	47,208

Total securities designated as available for sale	$	95,810	$	637	$	(1,225)	$	95,222

Held to Maturity:
Debt securities
States and political subdivisions	$	1,983	$	5	$	(29)	$	1,959

Total securities designated as held to maturity	$	1,983	$	5	$	(29)	$	1,959



	2015
	(in thousands)

	Amortized		Unrealized				Fair
	Cost		Gains		Losses		Value

Available for Sale:
Debt securities:
U.S. government agencies	$	21,914	$	166	$	(234)	$	21,846
States and political subdivisions		36,838		874		(29)		37,683
Total debt securities	$	58,752	$	1,040	$	(263)	$	59,529

Mortgage-backed securities:
FNMA	$	10,314	$	160	$	(25)	$	10,449
FHLMC		4,629		61		(56)		4,634
GNMA		3,215		48		(27)		3,236
CMO		19,464		66		(237)		19,293
Total mortgage-backed securities	$	37,622	$	335	$	(345)	$	37,612

Total securities designated as available for sale	$	96,374	$	1,375	$	(608)	$	97,141

Held to Maturity:
Debt securities
States and political subdivisions	$	1,617	$	6	$	(39)	$	1,584

Total securities designated as held to maturity	$	1,617	$	6	$	(39)	$	1,584




	2016				2015
	Amortized		Estimated		Amortized		Estimated
	cost		fair value		cost		fair value
		(in thousands)				(in thousands)

Debt securities available for sale:

Due in one year or less	$	2,869	$	2,876	$	4,082	$	4,142
Due after one year through five years		30,171		30,214		29,113		29,448
Due after five years through ten years		12,166		12,133		19,356		19,615
Due after ten years		2,704		2,791		6,201		6,324
		47,910		48,014		58,752		59,529

Mortgage-backed securities
available for sale		47,900		47,208		37,622		37,612

Total available for sale securities	$	95,810	$	95,222	$	96,374	$	97,141

Debt securities held to maturity:

Due in one year or less	$	780	$	778	$	309	$	308
Due after one year through five years		289		283		374		365
Due after five years through ten years		814		805		828		815
Due after ten years		100		93		106		96
		1,983		1,959		1,617		1,584

Total held to maturity securities	$	1,983	$	1,959	$	1,617	$	1,584



	2016

		Less than 12 months				12 months or longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(in thousands)
Available for Sale:
Debt securities:
U.S. government agencies	$	6,847	$	(153)	$	-	$	-	$	6,847	$	(153)
States and political subdivisions		16,895		(146)		731		(20)		17,626		(166)
Total debt securities	$	23,742	$	(299)	$	731	$	(20)	$	24,473	$	(319)

Mortgage-backed securities:
FNMA	$	9,577	$	(230)	$	-	$	-	$	9,577	$	(230)
FHLMC		1,728		(8)		988		(43)		2,716		(51)
GNMA		1,046		(17)		309		(4)		1,355		(21)
CMO		19,745		(569)		1,166		(35)		20,911		(604)
Total mortgage-backed securities	$	32,096	$	(824)	$	2,463	$	(82)	$	34,559	$	(906)

Held to Maturity:
Debt securities:
States and political subdivisions	$	863	$	(3)	$	706	$	(26)	$	1,569	$	(29)

Total temporarily impaired
securities	$	56,701	$	(1,126)	$	3,900	$	(128)	$	60,601	$	(1,254)


	2015

		Less than 12 months				12 months or longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(in thousands)
Available for Sale:
Debt securities:
U.S. government agencies	$	4,531	$	(89)	$	5,855	$	(145)	$	10,386	$	(234)
States and political subdivisions		3,133		(6)		1,117		(23)		4,250		(29)
Total debt securities	$	7,664	$	(95)	$	6,972	$	(168)	$	14,636	$	(263)

Mortgage-backed securities:
FNMA	$	3,856	$	(25)	$	-	$	-	$	3,856	$	(25)
FHLMC		-		-		1,234		(56)		1,234		(56)
GNMA		1,161		(21)		471		(6)		1,632		(27)
CMO		8,996		(123)		3,661		(114)		12,657		(237)
Total mortgage-backed securities	$	14,013	$	(169)	$	5,366	$	(176)	$	19,379	$	(345)

Held to Maturity:
Debt securities:
States and political subdivisions	$	626	$	(11)	$	495	$	(28)	$	1,121	$	(39)

Total temporarily impaired
securities	$	22,303	$	(275)	$	12,833	$	(372)	$	35,136	$	(647)