Securities (Tables)

6 Months Ended

Jun. 30, 2015

Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities Portfolio

The aggregate amortized costs and fair values of the available-for-sale securities portfolio are as follows:

(Dollars in thousands)
Available-for-sale securities June 30, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Corporate bonds	$	200	$	—	$	—		$	200
U.S. Government agencies		21,375		67		(69	)		21,373
State and municipal obligations		23,447		100		(306	)		23,241
Certificates of deposits		2,232		10		—			2,242
	$	47,254	$	177	$	(375	)	$	47,056
Available-for-sale securities December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. Government agencies	$	16,969	$	33	$	(37	)	$	16,965
State and municipal obligations		23,335		226		(160	)		23,401
Certificates of deposits		2,232		8		(2	)		2,238
	$	42,536	$	267	$	(199	)	$	42,604

Gross Realized Gains and Gross Realized Losses on Sales of Securities

Gross realized gains and gross realized losses on sales and calls of securities were as follows:

	For the three months ended June 30,						For the six months ended June 30,
(Dollars in thousands)	2015			2014			2015			2014
Gross realized gains	$	24		$	5		$	24		$	5
Gross realized losses		(18	)		(21	)		(22	)		(22	)
Net realized gains (losses)	$	6		$	(16	)	$	2		$	(17	)
Aggregate proceeds	$	1,710		$	2,039		$	2,324		$	3,331

Unrealized Loss Positions

Bonds with unrealized loss positions at December 31, 2014 included 29 municipals, 13 federal agencies and three certificates of deposit. The tables are shown below.

(Dollars in thousands)	Less than 12 months				12 months or more				Total
June 30, 2015	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Government agencies	$	5,297	$	51	$	1,871	$	18	$	7,168	$	69
States and municipal obligations		8,238		143		3,372		163		11,610		306
Total temporarily impaired securities	$	13,535	$	194	$	5,243	$	181	$	18,778	$	375
	Less than 12 months				12 months or more				Total
December 31, 2014	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Government agencies	$	1,499	$	4	$	3,532	$	33	$	5,031	$	37
States and municipal obligations		412		5		9,006		155		9,418		160
Certificates of deposit		742		2		—		—		742		2
Total temporarily impaired securities	$	2,653	$	11	$	12,538	$	188	$	15,191	$	199