Securities (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31, 2017	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Corporate bonds	$	6,695	$	20	$	—		$	6,715
U.S. Government agencies		24,615		49		(429	)		24,235
State and municipal obligations		19,229		77		(430	)		18,876
	$	50,539	$	146	$	(859	)	$	49,826
Available-for-sale securities December 31, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Corporate bonds	$	7,695	$	14	$	(5	)	$	7,704
U.S. Government agencies		25,668		53		(408	)		25,313
State and municipal obligations		18,566		49		(459	)		18,156
	$	51,929	$	116	$	(872	)	$	51,173

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
	March 31,
(Dollars in thousands)	2017			2016
Gross realized gains	$	—		$	15
Gross realized losses		(5	)		(9	)
Net realized (losses) gains	$	(5	)	$	6
Aggregate proceeds	$	995		$	2,702

Unrealized Loss Positions

Bonds with unrealized loss positions at December 31, 2016 included 37 federal agencies, one corporate bond and 39 municipals. The tables are shown below.

(Dollars in thousands)	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
March 31, 2017	Value		Loss			Value		Loss			Value		Loss
U.S. Government agencies	$	21,463	$	(418	)	$	1,248	$	(11	)	$	22,711	$	(429	)
States and municipal obligations		12,409		(430	)		—		—			12,409		(430	)
Total temporarily impaired securities	$	33,872	$	(848	)	$	1,248	$	(11	)	$	35,120	$	(859	)
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2016	Value		Loss			Value		Loss			Value		Loss
Corporate bonds	$	995	$	(5	)	$	—	$	—		$	995	$	(5	)
U.S. Government agencies		20,933		(396	)		1,308		(12	)		22,241		(408	)
States and municipal obligations		12,888		(459	)		—		—			12,888		(459	)
Total temporarily impaired securities	$	34,816	$	(860	)	$	1,308	$	(12	)	$	36,124	$	(872	)