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Securities (Tables)
12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Classification Of Available For Sale Securities Investment [Table Text Block]
The following table summarizes the Corporation’s securities as of December 31:
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
(Dollar amounts in thousands)
 
Cost
 
Gains
 
Losses
 
Value
 
 
 
 
 
 
 
 
 
 
 
Available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
1,493
 
$
-
 
$
(27)
 
$
1,466
 
U.S. government sponsored entities and agencies
 
 
8,998
 
 
2
 
 
(47)
 
 
8,953
 
U.S. agency mortgage-backed securities: residential
 
 
32,947
 
 
256
 
 
(53)
 
 
33,150
 
U.S. agency collateralized mortgage obligations: residential
 
 
32,289
 
 
23
 
 
(872)
 
 
31,440
 
State and political subdivision
 
 
28,352
 
 
264
 
 
(25)
 
 
28,591
 
Corporate debt securities
 
 
7,507
 
 
1
 
 
(21)
 
 
7,487
 
Equity securities
 
 
1,769
 
 
188
 
 
(63)
 
 
1,894
 
 
 
$
113,355
 
$
734
 
$
(1,108)
 
$
112,981
 
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
1,491
 
$
-
 
$
(35)
 
$
1,456
 
U.S. government sponsored entities and agencies
 
 
35,452
 
 
10
 
 
(238)
 
 
35,224
 
U.S. agency mortgage-backed securities: residential
 
 
38,026
 
 
745
 
 
-
 
 
38,771
 
U.S. agency collateralized mortgage obligations: residential
 
 
37,564
 
 
16
 
 
(963)
 
 
36,617
 
State and political subdivision
 
 
32,665
 
 
550
 
 
(191)
 
 
33,024
 
Corporate debt securities
 
 
2,006
 
 
-
 
 
(8)
 
 
1,998
 
Equity securities
 
 
2,356
 
 
415
 
 
-
 
 
2,771
 
 
 
$
149,560
 
$
1,736
 
$
(1,435)
 
$
149,861
 
Available-for-sale Securities [Table Text Block]
Gains on sales of available for sale securities for the years ended December 31 were as follows:
 
(Dollar amounts in thousands)
 
2015
 
2014
 
Proceeds
 
$
36,314
 
$
24,452
 
Gains
 
 
876
 
 
850
 
Losses
 
 
(22)
 
 
(92)
 
Tax provision related to gains
 
 
290
 
 
258
 
Schedule Of Contractual Maturities Of Available For Sale Securities Debt Maturities [Table Text Block]
Mortgage-backed securities and collateralized mortgage obligations are not due at a single maturity and are shown separately.
 
 
 
Available for sale
 
 
 
Amortized
 
Fair
 
(Dollar amounts in thousands)
 
Cost
 
Value
 
Due in one year or less
 
$
1,210
 
$
1,222
 
Due after one year through five years
 
 
20,954
 
 
20,923
 
Due after five through ten years
 
 
23,447
 
 
23,610
 
Due after ten years
 
 
739
 
 
742
 
U.S. agency mortgage-backed securities: residential
 
 
32,947
 
 
33,150
 
U.S. agency collateralized mortgage obligations: residential
 
 
32,289
 
 
31,440
 
 
 
$
111,586
 
$
111,087
 
Schedule of Unrealized Loss on Investments [Table Text Block]
Information pertaining to securities with gross unrealized losses at December 31, 2015 and 2014 aggregated by investment category and length of time that individual securities have been in a continuous loss position are included in the table below:
 
(Dollar amounts in thousands)
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Description of Securities
 
Value
 
Loss
 
Value
 
Loss
 
Value
 
Loss
 
December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
-
 
$
-
 
$
1,466
 
$
(27)
 
$
1,466
 
$
(27)
 
U.S. government sponsored entities and agencies
 
 
4,962
 
 
(36)
 
 
1,989
 
 
(11)
 
 
6,951
 
 
(47)
 
U.S. agency mortgage-backed securities: residential
 
 
6,710
 
 
(53)
 
 
-
 
 
-
 
 
6,710
 
 
(53)
 
U.S. agency collateralized mortgage obligations: residential
 
 
4,283
 
 
(41)
 
 
25,336
 
 
(831)
 
 
29,619
 
 
(872)
 
State and political subdivision
 
 
1,028
 
 
(2)
 
 
1,819
 
 
(23)
 
 
2,847
 
 
(25)
 
Corporate debt securities
 
 
3,484
 
 
(20)
 
 
500
 
 
(1)
 
 
3,984
 
 
(21)
 
Equity securities
 
 
1,137
 
 
(63)
 
 
-
 
 
-
 
 
1,137
 
 
(63)
 
 
 
$
21,604
 
$
(215)
 
$
31,110
 
$
(893)
 
$
52,714
 
$
(1,108)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
-
 
$
-
 
$
1,456
 
$
(35)
 
$
1,456
 
$
(35)
 
U.S. government sponsored entities and agencies
 
 
11,412
 
 
(51)
 
 
16,805
 
 
(187)
 
 
28,217
 
 
(238)
 
U.S. agency collateralized mortgage obligations: residential
 
 
2,715
 
 
(14)
 
 
30,594
 
 
(949)
 
 
33,309
 
 
(963)
 
State and political subdivision
 
 
5,154
 
 
(22)
 
 
10,221
 
 
(169)
 
 
15,375
 
 
(191)
 
Corporate debt securities
 
 
1,998
 
 
(8)
 
 
-
 
 
-
 
 
1,998
 
 
(8)
 
 
 
$
21,279
 
$
(95)
 
$
59,076
 
$
(1,340)
 
$
80,355
 
$
(1,435)