Investment Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investment Securities [Abstract]

Schedule of Available-for-Sale Securities Reconciliation

The following table provides information on the amortized cost and estimated fair values of investment securities.

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Available-for-sale securities:
June 30, 2017
U.S. Government agencies	$	49,173	$	83	$	40	$	49,216
Mortgage-backed		151,375		822		484		151,713
Equity		659		-		1		658
Total	$	201,207	$	905	$	525	$	201,587
December 31, 2016
U.S. Government agencies	$	34,320	$	56	$	58	$	34,318
Mortgage-backed		130,490		263		1,809		128,944
Equity		652		-		12		640
Total	$	165,462	$	319	$	1,879	$	163,902
Held-to-maturity securities:
June 30, 2017
U.S. Government agencies	$	2,007	$	57	$	-	$	2,064
States and political subdivisions		1,404		71		-		1,475
Other equity securities (1)		3,000		124		-		3,124
Total	$	6,411	$	252	$	-	$	6,663
December 31, 2016
U.S. Government agencies	$	2,089	$	26	$	-	$	2,115
States and political subdivisions		1,615		76		-		1,691
Other equity securities (1)		3,000		-		-		3,000
Total	$	6,704	$	102	$	-	$	6,806

On December 15, 2016, the Company bought $3.0 million in subordinated notes with a fixed to floating rate of 6.5% from a local regional bank which it intends to hold to maturity of December 30, 2026.

Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at June 30, 2017 and December 31, 2016.

	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
June 30, 2017
Available-for-sale securities:
U.S. Government agencies	$	18,941	$	40	$	-	$	-	$	18,941	$	40
Mortgage-backed		40,040		283		8,139		201		48,179		484
Equity securities		659		1		-		-		658		1
Total	$	59,640	$	324	$	8,139	$	201	$	67,778	$	525
	Less than				More than
	12 Months				12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
December 31, 2016
Available-for-sale securities:
U.S. Government agencies	$	11,926	$	58	$	-	$	-	$	11,926	$	58
Mortgage-backed		100,237		1,546		9,208		263		109,445		1,809
Equity securities		640		12		-		-		640		12
Total	$	112,803	$	1,616	$	9,208	$	263	$	122,011	$	1,879

Schedule of Securities Debt Maturities

The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at June 30, 2017.

	Available for sale				Held to maturity
	Amortized		Estimated		Amortized		Estimated
(Dollars in thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	12,005	$	11,997	$	-	$	-
Due after one year through five years		34,992		34,997		501		527
Due after five years through ten years		18,649		18,651		903		949
Due after ten years		134,902		135,284		2,007		2,063
		200,548		200,929		3,411		3,539
Equity securities		659		658		3,000		3,124
Total	$	201,207	$	201,587	$	6,411	$	6,663