Securities (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017:
U.S. Treasury	$	4,541	$	—	$	(69	)	$	4,472
U.S. government sponsored entities and agencies	14,136		2		(212		)	13,926
U.S. agency mortgage-backed securities: residential	20,904		7		(153		)	20,758
U.S. agency collateralized mortgage obligations: residential	22,607		25		(708		)	21,924
State and political subdivision	29,249		87		(96		)	29,240
Corporate debt securities	9,009		38		(17		)	9,030
Equity securities	1,580		255		(18		)	1,817
	$	102,026	$	414	$	(1,273	)	$	101,167
December 31, 2016:
U.S. Treasury	$	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

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)	2017			2016
Proceeds	$	18,360		$	6,618
Gains	350			108
Losses	(4		)	(26		)
Tax provision related to gains	118			28

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, 2017. 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	$	1,851	$	1,849
Due after one year through five years	32,578		32,291
Due after five through ten years	18,512		18,526
Due after ten years	3,994		4,002
U.S. agency mortgage-backed securities: residential	20,904		20,758
U.S. agency collateralized mortgage obligations: residential	22,607		21,924
	$	100,446	$	99,350

Schedule of Unrealized Loss on Investments

Information pertaining to securities with gross unrealized losses at December 31, 2017 and 2016 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, 2017:
U.S. Treasury	$	—	$	—		$	4,472	$	(69	)	$	4,472	$	(69	)
U.S. government sponsored entities and agencies	3,447		(42		)	8,975		(170		)	12,422		(212		)
U.S. agency mortgage-backed securities: residential	9,659		(48		)	6,581		(105		)	16,240		(153		)
U.S. agency collateralized mortgage obligations: residential	954		(16		)	19,147		(692		)	20,101		(708		)
State and political subdivision	10,510		(60		)	3,487		(36		)	13,997		(96		)
Corporate debt securities	2,992		(16		)	999		(1		)	3,991		(17		)
Equity securities	—		—			231		(18		)	231		(18		)
	$	27,562	$	(182	)	$	43,892	$	(1,091	)	$	71,454	$	(1,273	)
December 31, 2016:
U.S. Treasury	$	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	)