Securities (Tables)

12 Months Ended

Dec. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consisted of the following at December 31:

(Dollars in thousands)	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
2017
Available-for-sale
U.S. Treasury security		$	999		$	–		$	1		$	998
U.S. Government agencies			8,350			–			121			8,229
Mortgage-backed securities of government agencies			50,136			146			581			49,701
Asset-backed securities of government agencies			1,168			1			–			1,169
State and political subdivisions			27,020			224			103			27,141
Corporate bonds			10,532			35			142			10,425
Equity securities			53			36			–			89
Total available-for-sale			98,258			442			948			97,752
Held-to-maturity
U.S. Government agencies			9,477			16			228			9,265
Mortgage-backed securities of government agencies			11,581			95			145			11,531
State and political subdivisions			4,700			–			5			4,695
Total held-to-maturity			25,758			111			378			25,491
Restricted stock			4,614			–			–			4,614
Total securities		$	128,630		$	553		$	1,326		$	127,857
2016
Available-for-sale
U.S. Treasury security		$	1,001		$	–		$	–		$	1,001
U.S. Government agencies			6,500			–			98			6,402
Mortgage-backed securities of government agencies			56,187			239			589			55,837
Other mortgage-backed securities			65			–			–			65
Asset-backed securities of government agencies			1,312			–			46			1,266
State and political subdivisions			30,007			140			439			29,708
Corporate bonds			9,632			28			144			9,516
Equity securities			53			27			–			80
Total available-for-sale			104,757			434			1,316			103,875
Held-to-maturity
U.S. Government agencies			9,472			17			396			9,093
Mortgage-backed securities of government agencies			14,411			141			201			14,351
Total held-to-maturity			23,883			158			597			23,444
Restricted stock			4,614			–			–			4,614
Total securities		$	133,254		$	592		$	1,913		$	131,933

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at December 31, 2017, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized Cost		Fair Value
Available-for-sale
Due in one year or less	$	5,121	$	5,122
Due after one through five years		17,239		17,211
Due after five through ten years		29,540		29,508
Due after ten years		46,305		45,822
Total debt securities available-for-sale	$	98,205	$	97,663
Held-to-maturity
Due in one year or less	$	4,700	$	4,695
Due after one through five years		478		494
Due after five through ten years		3,000		2,887
Due after ten years		17,580		17,415
Total debt securities held-to-maturity	$	25,758	$	25,491

Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities

The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales in 2016 and 2015. There were no sales in 2017.

(Dollars in thousands)		2016		2015
Proceeds	$	1	$	1,576
Realized gains	$	1	$	56
Realized losses		–		–
Net securities gains	$	1	$	56

Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities

The following table presents gross unrealized losses, fair value of securities, aggregated by investment category, and length of time that individual securities have been in a continuous unrealized loss position, at December 31:

Securities in a Continuous Unrealized Loss Position

	Less Than 12 Months						12 Months Or More						Total
(Dollars in thousands)	Gross Unrealized Losses			Fair Value			Gross Unrealized Losses			Fair Value			Gross Unrealized Losses			Fair Value
2017
Available-for-sale
U.S. Treasury security		$	1		$	998		$	–		$	–		$	1		$	998
U.S. Government agencies			46			3,804			75			4,425			121			8,229
Mortgage-backed securities of government agencies			145			16,872			436			17,259			581			34,131
State and political subdivisions			26			4,400			77			3,752			103			8,152
Corporate bonds			2			2,912			140			2,360			142			5,272
Held-to-maturity
U.S. Government agencies			15			1,985			213			6,785			228			8,770
Mortgage-backed securities of government agencies			18			1,818			127			3,116			145			4,934
State and political subdivisions			5			4,695			–			–			5			4,695
Total temporarily impaired securities		$	258		$	37,484		$	1,068		$	37,697		$	1,326		$	75,181
2016
Available-for-sale
U.S. Government agencies			98			6,402			–			–			98			6,402
Mortgage-backed securities of government agencies			589			27,243			–			–			589			27,243
Asset-backed securities of government agencies			–			–			46			1,266			46			1,266
State and political subdivisions			439			19,328			–			–			439			19,328
Corporate bonds			33			3,593			111			1,889			144			5,482
Held-to-maturity
U.S. Government agencies			396			8,602			–			–			396			8,602
Mortgage-backed securities of government agencies			28			2,018			173			3,621			201			5,639
Total temporarily impaired securities		$	1,583		$	67,186		$	330		$	6,776		$	1,913		$	73,962