Securities (Tables)

9 Months Ended

Sep. 30, 2016

Aggregate Amortized Cost 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 September 30, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Corporate bonds	$	6,945	$	58	$	—		$	7,003
U.S. Government agencies		25,461		272		(56	)		25,677
State and municipal obligations		19,363		541		(21	)		19,883
	$	51,769	$	871	$	(77	)	$	52,563
Available-for-sale securities December 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Corporate bonds	$	3,950	$	—	$	(5	)	$	3,945
U.S. Government agencies		21,375		69		(156	)		21,288
State and municipal obligations		28,599		313		(55	)		28,857
	$	53,924	$	382	$	(216	)	$	54,090

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 September 30,					For the nine months ended September 30,
(Dollars in thousands)	2016		2015			2016			2015
Gross realized gains	$	180	$	3		$	300		$	27
Gross realized losses		—		(1	)		(10	)		(23	)
Net realized gains (losses)	$	180	$	2		$	290		$	4
Aggregate proceeds	$	4,984	$	1,995		$	14,582		$	4,819

Unrealized Loss Positions

Bonds with unrealized loss positions at December 31, 2015 included 24 federal agencies, one corporate bond and 17 municipals. The tables are shown below.

(Dollars in thousands)	Less than 12 months					12 months or more					Total
September 30, 2016	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Government agencies	$	5,573	$	(43	)	$	1,385	$	(13	)	$	6,958	$	(56	)
States and municipal obligations		2,064		(21	)		—		—			2,064		(21	)
Total temporarily impaired securities	$	7,637	$	(64	)	$	1,385	$	(13	)	$	9,022	$	(77	)
	Less than 12 months					12 months or more					Total
December 31, 2015	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Corporate bonds	$	495	$	(5	)	$	—	$	—		$	495	$	(5	)
U.S. Government agencies		13,871		(141	)		1,619		(15	)		15,490		(156	)
States and municipal obligations		2,566		(17	)		3,281		(38	)		5,847		(55	)
Total temporarily impaired securities	$	16,932	$	(163	)	$	4,900	$	(53	)	$	21,832	$	(216	)