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Securities (Tables)
12 Months Ended
Dec. 31, 2015
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]

The amortized cost, gross unrealized gains and losses, and fair value of securities were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

(In Thousands)

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

9,275 

 

$

 

$

(108)

 

$

9,169 

States and political subdivisions

 

 

59,120 

 

 

1,747 

 

 

(112)

 

 

60,755 

Corporate obligations

 

 

4,933 

 

 

45 

 

 

(4)

 

 

4,974 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

64,491 

 

 

23 

 

 

(945)

 

 

63,569 

  Total debt securities

 

 

137,819 

 

 

1,817 

 

 

(1,169)

 

 

138,467 

Equity securities-financial services

 

 

292 

 

 

92 

 

 

 -

 

 

384 

 

 

$

138,111 

 

$

1,909 

 

$

(1,169)

 

$

138,851 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

(In Thousands)

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

29,289 

 

$

42 

 

$

(356)

 

$

28,975 

States and political subdivisions

 

 

52,685 

 

 

1,750 

 

 

(103)

 

 

54,332 

Corporate obligations

 

 

6,387 

 

 

110 

 

 

(11)

 

 

6,486 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

67,032 

 

 

109 

 

 

(937)

 

 

66,204 

  Total debt securities

 

 

155,393 

 

 

2,011 

 

 

(1,407)

 

 

155,997 

Equity securities-financial services

 

 

292 

 

 

106 

 

 

 -

 

 

398 

 

 

$

155,685 

 

$

2,117 

 

$

(1,407)

 

$

156,395 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments' Gross Unrealized Losses and Fair Value [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

Less than 12 Months

 

12 Months or More

 

Total

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

U.S. Government agencies

$

6,058 

 

$

(71)

 

$

2,109 

 

$

(37)

 

$

8,167 

 

$

(108)

States and political subdivisions

 

9,086 

 

 

(99)

 

 

1,417 

 

 

(13)

 

 

10,503 

 

 

(112)

Corporate obligations

 

2,221 

 

 

(4)

 

 

 -

 

 

 -

 

 

2,221 

 

 

(4)

Mortgage-backed securities-government sponsored entities

 

40,300 

 

 

(432)

 

 

16,595 

 

 

(513)

 

 

56,895 

 

 

(945)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

57,665 

 

$

(606)

 

$

20,121 

 

$

(563)

 

$

77,786 

 

$

(1,169)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

Less than 12 Months

 

12 Months or More

 

Total

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

U.S. Government agencies

$

4,965 

 

$

(17)

 

$

15,051 

 

$

(339)

 

$

20,016 

 

$

(356)

States and political subdivisions

 

3,195 

 

 

(20)

 

 

4,633 

 

 

(83)

 

 

7,828 

 

 

(103)

Corporate obligations

 

 -

 

 

 -

 

 

1,144 

 

 

(11)

 

 

1,144 

 

 

(11)

Mortgage-backed securities-government sponsored entities

 

22,090 

 

 

(189)

 

 

26,050 

 

 

(748)

 

 

48,140 

 

 

(937)

 

$

30,250 

 

$

(226)

 

$

46,878 

 

$

(1,181)

 

$

77,128 

 

$

(1,407)

 

Securities by Contractual Maturity [Table Text Block]

 

 

 

 

 

 

 

Amortized

 

Fair

 

Cost

 

Value

 

 

(In Thousands)

Due in one year or less

$

640

 

$

647

Due after one year through five years

 

13,044

 

 

13,003

Due after five years through ten years

 

8,437

 

 

8,529

Due after ten years

 

51,207

 

 

52,719

 

 

73,328

 

 

74,898

 

 

 

 

 

 

Mortgage-backed securities - government sponsored entities

 

64,491

 

 

63,569

 

$

137,819

 

$

138,467