Securities (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of Classification of Available-for-sale Securities Investment

The following table summarizes the Corporation’s securities as of December 31:

	Amortized		Gross Unrealized		Gross Unrealized			Fair
(Dollar amounts in thousands)	Cost		Gains		Losses			Value
Available for sale:
December 31, 2016:
U.S. Treasury and federal agency	$	4,550	$	—	$	(50	)	$	4,500
U.S. government sponsored entities and agencies	9,186		—		(188		)	8,998
U.S. agency mortgage-backed securities: residential	25,790		32		(196		)	25,626
U.S. agency collateralized mortgage obligations: residential	25,367		23		(684		)	24,706
State and political subdivision	27,853		17		(262		)	27,608
Corporate debt securities	8,012		5		(85		)	7,932
Equity securities	1,829		373		(12		)	2,190
	$	102,587	$	450	$	(1,477	)	$	101,560
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

Available-for-sale Securities

Gains on sales of available for sale securities for the years ended December 31 were as follows: 

(Dollar amounts in thousands)	2016			2015
Proceeds	$	6,618		$	36,314
Gains	108			876
Losses	(26		)	(22		)
Tax provision related to gains	28			290

Schedule of Contractual Maturities of Available-for-sale Securities Debt Maturities

The following table summarizes scheduled maturities of the Corporation’s debt securities as of December 31, 2016. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. 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	$	2,001	$	2,001
Due after one year through five years	20,886		20,734
Due after five through ten years	25,702		25,327
Due after ten years	1,012		976
U.S. agency mortgage-backed securities: residential	25,790		25,626
U.S. agency collateralized mortgage obligations: residential	25,367		24,706
	$	100,758	$	99,370

Schedule of Unrealized Loss on Investments

Information pertaining to securities with gross unrealized losses at December 31, 2016 and 2015 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, 2016:
U.S. Treasury and federal agency	$	4,500	$	(50	)	$	—	$	—		$	4,500	$	(50	)
U.S. government sponsored entities and agencies	8,998		(188		)	—		—			8,998		(188		)
U.S. agency mortgage-backed securities: residential	23,279		(196		)	—		—			23,279		(196		)
U.S. agency collateralized mortgage obligations: residential	13,568		(438		)	9,317		(246		)	22,885		(684		)
State and political subdivision	21,924		(262		)	—		—			21,924		(262		)
Corporate debt securities	3,927		(85		)	—		—			3,927		(85		)
Equity securities	—		—			237		(12		)	237		(12		)
	$	76,196	$	(1,219	)	$	9,554	$	(258	)	$	85,750	$	(1,477	)
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	)