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Securities (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Classification of Available for Sale Securities Investment
Gains/losses on sales of securities for the three and six months ended June 30 were as follows:
(Dollar amounts in thousands)
For the three months
ended June 30,
 
For the six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Proceeds
$
264

 
$
18,195

 
$
6,795

 
$
18,195

Gains (losses)
(2
)
 
350

 
(31
)
 
350

Tax (benefit) provision related to gains
—

 
119

 
(6
)
 
119

 
 
 
 
 
 
 
 
The following table summarizes the Corporation’s debt securities as of June 30, 2018 and December 31, 2017:
 
(Dollar amounts in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
June 30, 2018:
 

 
 

 
 

 
 

U.S. Treasury and federal agency
$
4,536

 
$
—

 
$
(125
)
 
$
4,411

U.S. government sponsored entities and agencies
21,007

 
20

 
(437
)
 
20,590

U.S. agency mortgage-backed securities: residential
23,236

 
—

 
(692
)
 
22,544

U.S. agency collateralized mortgage obligations: residential
21,168

 
32

 
(946
)
 
20,254

State and political subdivisions
25,112

 
12

 
(464
)
 
24,660

Corporate debt securities
7,507

 
6

 
(86
)
 
7,427

 
$
102,566

 
$
70

 
$
(2,750
)
 
$
99,886

December 31, 2017:
 

 
 

 
 

 
 

U.S. Treasury and federal agency
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 subdivisions
29,249

 
87

 
(96
)
 
29,240

Corporate debt securities
9,009

 
38

 
(17
)
 
9,030

 
$
100,446

 
$
159

 
$
(1,255
)
 
$
99,350

 
 
 
 
 
 
 
 

 
The following table summarizes scheduled maturities of the Corporation’s debt securities as of June 30, 2018. 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.
 
(Dollar amounts in thousands)
Available for sale
 
Amortized
Cost
 
Fair
Value
Due in one year or less
$
3,120

 
$
3,108

Due after one year through five years
34,277

 
33,640

Due after five through ten years
18,018

 
17,672

Due after ten years
2,747

 
2,668

Mortgage-backed securities: residential
23,236

 
22,544

Collateralized mortgage obligations: residential
21,168

 
20,254

 
$
102,566

 
$
99,886

 
 
 
 
Schedule of Unrealized Loss on Investments
Information pertaining to debt securities with gross unrealized losses at June 30, 2018 and December 31, 2017, 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
Description of Securities
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
June 30, 2018:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Treasury and federal agency
 
$
—

 
$
—

 
$
4,411

 
$
(125
)
 
$
4,411

 
$
(125
)
U.S. government sponsored entities and agencies
 
5,838

 
(154
)
 
8,840

 
(283
)
 
14,678

 
(437
)
U.S. agency mortgage-backed securities: residential
 
16,542

 
(455
)
 
6,002

 
(237
)
 
22,544

 
(692
)
U.S. agency collateralized mortgage obligations: residential
 
1,700

 
(6
)
 
16,724

 
(940
)
 
18,424

 
(946
)
State and political subdivisions
 
16,528

 
(367
)
 
3,364

 
(97
)
 
19,892

 
(464
)
Corporate debt securities
 
2,935

 
(69
)
 
486

 
(17
)
 
3,421

 
(86
)
 
 
$
43,543

 
$
(1,051
)
 
$
39,827

 
$
(1,699
)
 
$
83,370

 
$
(2,750
)
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Treasury and federal agency
 
$
—

 
$
—

 
$
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 subdivisions
 
10,510

 
(60
)
 
3,487

 
(36
)
 
13,997

 
(96
)
Corporate debt securities
 
2,992

 
(16
)
 
999

 
(1
)
 
3,991

 
(17
)
 
 
$
27,562

 
$
(182
)
 
$
43,661

 
$
(1,073
)
 
$
71,223

 
$
(1,255
)