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Securities (Tables)
 9 Months Ended
Sep. 30, 2018
Marketable Securities [Abstract]  
Reconciliation from Amortized Cost to Estimated Fair Value of Marketable Securities
This table provides the major components of AFS, HTM and Equity securities at amortized cost and estimated fair value at September 30, 2018 and December 31, 2017:
 
 
September 30, 2018
 
December 31, 2017
(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
 
$
5,760

 
$
—

 
$
(183
)
 
$
5,577

 
$
5,765

 
$
—

 
$
(74
)
 
$
5,691

State and political subdivisions
 
4,867

 
1

 
(209
)
 
4,659

 
5,227

 
21

 
(56
)
 
5,192

Residential mortgage-backed securities
 
28,315

 
69

 
(1,059
)
 
27,325

 
32,111

 
153

 
(386
)
 
31,878

Corporate and other securities
 
9,654

 
—

 
(341
)
 
9,313

 
9,660

 
9

 
(143
)
 
9,526

Total securities available for sale
 
$
48,596

 
$
70

 
$
(1,792
)
 
$
46,874

 
$
52,763

 
$
183

 
$
(659
)
 
$
52,287

Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities
 
$
2,789

 
$
—

 
$
(169
)
 
$
2,620

 
$
3,026

 
$
—

 
$
(93
)
 
$
2,933

State and political subdivisions
 
951

 
94

 
—

 
1,045

 
1,113

 
144

 
—

 
1,257

Residential mortgage-backed securities
 
3,469

 
16

 
(86
)
 
3,399

 
3,958

 
59

 
(18
)
 
3,999

Commercial mortgage-backed securities
 
3,599

 
—

 
(226
)
 
3,373

 
3,685

 
—

 
(142
)
 
3,543

Corporate and other securities
 
4,517

 
62

 
—

 
4,579

 
4,525

 
89

 
—

 
4,614

Total securities held to maturity
 
$
15,325

 
$
172

 
$
(481
)
 
$
15,016

 
$
16,307

 
$
292

 
$
(253
)
 
$
16,346

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity securities
 
$
1,262

 
$
47

 
$
(109
)
 
$
1,200

 
$
1,262

 
$
15

 
$
(71
)
 
$
1,206
Schedule of Marketable Securities by Contractual Maturity
This table provides the remaining contractual maturities and yields of securities within the investment portfolios.  The carrying value of securities at September 30, 2018 is distributed by contractual maturity.  Mortgage-backed securities and other securities, which may have principal prepayment provisions, are distributed based on contractual maturity.  Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls.
 
 
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  
 
$
—

 
—
%
 
$
3,646

 
1.61
%
 
$
1,931

 
2.17
%
 
$
—

 
—
%
 
$
5,577

 
1.80
%
State and political subdivisions    
 
—

 
—

 
1,151

 
3.43

 
1,674

 
2.41

 
1,834

 
2.69

 
4,659

 
2.77

Residential mortgage-backed securities    
 
23

 
3.48

 
640

 
1.98

 
2,890

 
2.37

 
23,772

 
2.84

 
27,325

 
2.77

Corporate and other securities
 
—

 
—

 
3,102

 
3.14

 
6,211

 
4.54

 
—

 
—

 
9,313

 
4.07

Total securities available for sale
 
$
23

 
3.48
%
 
$
8,539

 
2.44
%
 
$
12,706

 
3.40
%
 
$
25,606

 
2.83
%
 
$
46,874

 
2.92
%
Held to maturity at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities  
 
$
—

 
—
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
2,789

 
1.98
%
 
$
2,789

 
1.98
%
State and political subdivisions    
 
—

 
—

 
—

 
—

 
494

 
5.07

 
457

 
5.84

 
951

 
5.44

Residential mortgage-backed securities    
 
—

 
—

 
54

 
5.23

 
406

 
2.48

 
3,009

 
2.98

 
3,469

 
2.96

Commercial mortgage-backed securities    
 
—

 
—

 
—

 
—

 
—

 
—

 
3,599

 
2.73

 
3,599

 
2.73

Corporate and other securities
 
—

 
—

 
—

 
—

 
4,517

 
5.73

 
—

 
—

 
4,517

 
5.73

Total securities held to maturity
 
$
—

 
—
%
 
$
54

 
5.23
%
 
$
5,417

 
5.43
%
 
$
9,854

 
2.74
%
 
$
15,325

 
3.70
%
Equity securities at fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity securities
 
$
—

 
—
%
 
$
—

 
—
%
 
$
—

 
—
%
 
$
1,200

 
2.04
%
 
$
1,200

 
2.04
%
Schedule of Marketable Securities in Unrealized Loss Position
The fair value of securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017 are as follows:
 
 
September 30, 2018
 
 
 
 
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
 
5

 
$
734

 
$
(17
)
 
$
4,843

 
$
(166
)
 
$
5,577

 
$
(183
)
State and political subdivisions
 
6

 
2,029

 
(70
)
 
1,834

 
(139
)
 
3,863

 
(209
)
Residential mortgage-backed securities
 
29

 
11,424

 
(319
)
 
14,427

 
(740
)
 
25,851

 
(1,059
)
Corporate and other securities
 
6

 
5,537

 
(130
)
 
3,776

 
(211
)
 
9,313

 
(341
)
Total temporarily impaired securities
 
46

 
$
19,724

 
$
(536
)
 
$
24,880

 
$
(1,256
)
 
$
44,604

 
$
(1,792
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities
 
2

 
$
—

 
$
—

 
$
2,619

 
$
(169
)
 
$
2,619

 
$
(169
)
Residential mortgage-backed securities
 
8

 
2,324

 
(39
)
 
832

 
(47
)
 
3,156

 
(86
)
Commercial mortgage-backed securities
 
2

 
—

 
—

 
3,373

 
(226
)
 
3,373

 
(226
)
Total temporarily impaired securities
 
12

 
$
2,324

 
$
(39
)
 
$
6,824

 
$
(442
)
 
$
9,148

 
$
(481
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total temporarily impaired securities
 
3

 
$
92

 
$
(7
)
 
$
898

 
$
(102
)
 
$
990

 
$
(109
)

 
 
December 31, 2017
 
 
 
 
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
 
5

 
$
3,732

 
$
(40
)
 
$
1,958

 
$
(34
)
 
$
5,690

 
$
(74
)
State and political subdivisions
 
2

 
476

 
(6
)
 
1,792

 
(50
)
 
2,268

 
(56
)
Residential mortgage-backed securities
 
22

 
20,646

 
(218
)
 
4,028

 
(168
)
 
24,674

 
(386
)
Corporate and other securities
 
7

 
4,563

 
(30
)
 
2,803

 
(184
)
 
7,366

 
(214
)
Total temporarily impaired securities
 
36

 
$
29,417

 
$
(294
)
 
$
10,581

 
$
(436
)
 
$
39,998

 
$
(730
)
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities
 
2

 
$
—

 
$
—

 
$
2,933

 
$
(93
)
 
$
2,933

 
$
(93
)
Residential mortgage-backed securities
 
2

 
—

 
—

 
979

 
(18
)
 
979

 
(18
)
Commercial mortgage-backed securities
 
2

 
—

 
—

 
3,543

 
(142
)
 
3,543

 
(142
)
Total temporarily impaired securities
 
6

 
$
—

 
$
—

 
$
7,455

 
$
(253
)
 
$
7,455

 
$
(253
)
Schedule of Realized Gains (Losses) for Marketable Securities
Gross realized gains on securities for the three and nine months ended September 30, 2018 and 2017 are detailed in the table below:

 
For the three months ended
September 30,
 
For the nine months ended
September 30,
(In thousands)
 
2018
 
2017
 
2018
 
2017
Available for sale:
 
 
 
 
 
 
 
 
Realized gains
 
$
—

 
$
15

 
$
—

 
$
89

Realized losses
 
—

 
—

 
—

 
(58
)
Total securities available for sale
 
—

 
15

 
—

 
31

Held to maturity:
 
 
 
 
 
 
 
 
Realized gains
 
—

 
38

 
—

 
38

Realized losses
 
—

 
—

 
—

 
—

Total securities held to maturity
 
—

 
38

 
—

 
38

Net gains on sales of securities
 
$
—

 
$
53

 
$
—

 
$
69
Equity Securities
The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and nine months ended September 30, 2018:
(In thousands)
 
Three months ended
September 30, 2018
 
Nine months ended
September 30, 2018
Net gains (losses) recognized during the period on equity securities
 
2

 
(6
)
Less: Net gains (losses) recognized during the period on equity securities sold during the period
 
—

 
—

Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date
 
2

 
(6
)