Securities (Tables)

3 Months Ended

Mar. 31, 2015

Securities [Abstract]

Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities

	March 31, 2015								December 31, 2014
(In thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value		Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Available for sale:
U.S. Government sponsored entities	$	4,612	$	-	$	(84)	$	4,528	$	4,711	$	-	$	(93)	$	4,618
State and political subdivisions		11,031		148		(16)		11,163		11,055		112		(35)		11,132
Residential mortgage-backed securities		31,819		658		(165)		32,312		33,884		646		(147)		34,383
Corporate and other securities		10,116		63		(307)		9,872		10,188		63		(311)		9,940
Total securities available for sale	$	57,578	$	869	$	(572)	$	57,875	$	59,838	$	821	$	(586)	$	60,073
Held to maturity:
U.S. Government sponsored entities	$	4,440	$	-	$	(127)	$	4,313	$	4,440	$	-	$	(124)	$	4,316
State and political subdivisions		2,415		281		-		2,696		2,417		277		-		2,694
Residential mortgage-backed securities		7,615		208		(33)		7,790		8,164		211		(29)		8,346
Commercial mortgage-backed securities		3,980		20		(21)		3,979		4,005		13		(53)		3,965
Corporate and other securities		983		10		-		993		983		-		(23)		960
Total securities held to maturity	$	19,433	$	519	$	(181)	$	19,771	$	20,009	$	501	$	(229)	$	20,281

Schedule of Marketable Securities By Contractual Maturity

	Within one year				After one through five years				After five through ten years				After ten years				Total carrying value
(In thousands, except percentages)	Amount		Yield		Amount		Yield		Amount		Yield		Amount		Yield		Amount		Yield
Available for sale at fair value:
U.S. Government sponsored entities	$	-	-	%	$	1,018	1.00	%	$	937	2.07	%	$	2,573	2.04	%	$	4,528	1.81	%
State and political subdivisions		39	6.48			1,172	2.23			6,334	2.41			3,618	2.56			11,163	2.45
Residential mortgage-backed securities		-	-			1,538	1.79			2,204	1.94			28,570	2.79			32,312	2.68
Corporate and other securities		-	-			2,400	1.02			1,446	1.18			6,026	0.75			9,872	0.88
Total securities available for sale	$	39	6.48	%	$	6,128	1.44	%	$	10,921	2.12	%	$	40,787	2.42	%	$	57,875	2.27	%
Held to maturity at cost:
U.S. Government sponsored entities	$	-	-	%	$	-	-	%	$	-	-	%	$	4,440	1.96	%	$	4,440	1.96	%
State and political subdivisions		309	0.75			-	-			-	-			2,106	4.72			2,415	4.21
Residential mortgage-backed securities		-	-			380	4.81			248	5.21			6,987	2.81			7,615	2.99
Commercial mortgage-backed securities		-	-			-	-			-	-			3,980	2.76			3,980	2.76
Corporate and other securities		-	-			-	-			983	2.95			-	-			983	2.95
Total securities held to maturity	$	309	0.75	%	$	380	4.81	%	$	1,231	3.41	%	$	17,513	2.81	%	$	19,433	2.86	%

Schedule of Marketable Securities In Unrealized Loss Position

	March 31, 2015
			Less than 12 months				12 months and greater				Total
(In thousands, except number in a loss position)	Total number in a loss position		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss
Available for sale:
U.S. Government sponsored entities		6	$	957	$	(10)	$	3,571	$	(74)	$	4,528	$	(84)
State and political subdivisions		5		2,800		(16)		-		-		2,800		(16)
Residential mortgage-backed securities		7		4,049		(6)		5,449		(159)		9,498		(165)
Corporate and other securities		7		1,057		(44)		3,736		(263)		4,793		(307)
Total temporarily impaired securities		25	$	8,863	$	(76)	$	12,756	$	(496)	$	21,619	$	(572)
Held to maturity:
U.S. Government sponsored entities		2	$	-	$	-	$	4,313	$	(127)	$	4,313	$	(127)
Residential mortgage-backed securities		3		-		-		2,370		(33)		2,370		(33)
Commercial mortgage-backed securities		1		1,837		(21)		-		-		1,837		(21)
Total temporarily impaired securities		6	$	1,837	$	(21)	$	6,683	$	(160)	$	8,520	$	(181)

	December 31, 2014
			Less than 12 months				12 months and greater				Total
(In thousands, except number in a loss position)	Total number in a loss position		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss		Estimated fair value		Unrealized loss
Available for sale:
U.S. Government sponsored entities		4	$	-	$	-	$	4,590	$	(93)	$	4,590	$	(93)
State and political subdivisions		7		-		-		4,103		(35)		4,103		(35)
Residential mortgage-backed securities		9		6,579		(16)		5,889		(131)		12,468		(147)
Corporate and other securities		7		1,053		(46)		3,736		(265)		4,789		(311)
Total temporarily impaired securities		27	$	7,632	$	(62)	$	18,318	$	(524)	$	25,950	$	(586)
Held to maturity:
U.S. Government sponsored entities		2	$	-	$	-	$	4,316	$	(124)	$	4,316	$	(124)
Residential mortgage-backed securities		3		-		-		2,586		(29)		2,586		(29)
Commercial mortgage-backed securities		1		-		-		1,822		(53)		1,822		(53)
Corporate and other securities		1		-		-		960		(23)		960		(23)
Total temporarily impaired securities		7	$	-	$	-	$	9,684	$	(229)	$	9,684	$	(229)

Schedule of Realized Gains (Losses) for Marketable Securities

	For the three months ended March 31,
(In thousands)	2015		2014
Available for sale:
Realized gains	$	-	$	114
Realized losses		-		(4)
Total securities available for sale		-		110
Held to maturity:
Realized gains		-		-
Realized losses		-		-
Total securities held to maturity		-		-
Net gains on sales of securities	$	-	$	110