2. Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Investment securities available for sale

(Dollars in thousands)
	June 30, 2015
	Amortized Cost		Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
Mortgage-backed securities	$	80,685	1,969	9	82,645
U.S. Government
sponsored enterprises		38,934	380	143	39,171
State and political subdivisions		143,458	4,696	712	147,442
Corporate bonds		1,947	12	5	1,954
Trust preferred securities		750	-	-	750
Equity securities		748	759	-	1,507
Total	$	266,522	7,816	869	273,469

(Dollars in thousands)
	December 31, 2014
	Amortized Cost		Gross  Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
Mortgage-backed securities	$	88,496	1,766	52	90,210
U.S. Government
sponsored enterprises		33,766	418	136	34,048
State and political subdivisions		145,938	6,534	226	152,246
Corporate bonds		2,469	16	18	2,467
Trust preferred securities		750	-	-	750
Equity securities		748	630	-	1,378
Total	$	272,167	9,364	432	281,099

Current fair value and associated unrealized losses on investments in securities with unrealized losses

(Dollars in thousands)
	June 30, 2015
	Less than 12 Months			12 Months or More		Total
	Fair Value		Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
Mortgage-backed securities	$	4,705	9	-	-	4,705	9
U.S. Government
sponsored enterprises		6,462	53	9,316	90	15,778	143
State and political subdivisions		30,553	459	6,612	253	37,165	712
Corporate bonds		-	-	527	5	527	5
Total	$	41,720	521	16,455	348	58,175	869
(Dollars in thousands)
	December 31, 2014
	Less than 12 Months			12 Months or More		Total
	Fair Value		Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
Mortgage-backed securities	$	436	1	2,963	51	3,399	52
U.S. Government
sponsored enterprises		2,996	4	9,850	132	12,846	136
State and political subdivisions		567	1	14,998	225	15,565	226
Corporate bonds		-	-	525	18	525	18
Total	$	3,999	6	28,336	426	32,335	432

Amortized cost and estimated fair value of investment securities available for sale by contractual maturity

June 30, 2015
(Dollars in thousands)
	Amortized  Cost		Estimated Fair Value
Due within one year	$	5,058	5,073
Due from one to five years		54,229	56,563
Due from five to ten years		110,910	112,421
Due after ten years		14,892	15,260
Mortgage-backed securities		80,685	82,645
Equity securities		748	1,507
Total	$	266,522	273,469