Securities (Tables)

6 Months Ended

Jun. 30, 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)			Gross		Gross
Available-for-sale securities	Amortized		Unrealized		Unrealized			Fair
June 30, 2017	Cost		Gains		(Losses)			Value
Corporate bonds	$	6,696	$	20	$	(1	)	$	6,715
U.S. Government agencies		27,319		123		(386	)		27,056
State and municipal obligations		20,703		198		(224	)		20,677
	$	54,718	$	341	$	(611	)	$	54,448
			Gross		Gross
Available-for-sale securities	Amortized		Unrealized		Unrealized			Fair
December 31, 2016	Cost		Gains		(Losses)			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					For the six months ended
	June 30,					June 30,
(Dollars in thousands)	2017		2016			2017			2016
Gross realized gains	$	7	$	105		$	7		$	120
Gross realized losses		—		(1	)		(5	)		(10	)
Net realized gains	$	7	$	104		$	2		$	110
Aggregate proceeds	$	16,667	$	6,395		$	17,662		$	9,097

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
June 30, 2017	Value		Loss			Value		Loss			Value		Loss
Corporate bonds	$	500	$	(1	)	$	—	$	—		$	500	$	(1	)
U.S. Government agencies		18,052		(298	)		4,792		(88	)		22,844		(386	)
States and municipal obligations		7,207		(179	)		953		(45	)		8,160		(224	)
Total temporarily impaired securities	$	25,759	$	(478	)	$	5,745	$	(133	)	$	31,504	$	(611	)
	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	)