Securities (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

Amortized cost and fair value of securities at September 30, 2017, and December 31, 2016, were as follows:

In thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
SECURITIES AVAILABLE FOR SALE
SEPTEMBER 30, 2017
U.S. Government and agencies	$	99,999	$	37	$	1,022	$	99,014
Mortgage-backed securities, residential	36,673		705		27		37,351
State and municipal	14,967		160		11		15,116
Corporate bonds	5,000		112		—		5,112
CRA mutual fund	1,044		—		2		1,042
Stock in other banks	647		110		—		757
	$	158,330	$	1,124	$	1,062	$	158,392
DECEMBER 31, 2016
U.S. Government and agencies	$	81,065	$	43	$	1,529	$	79,579
Mortgage-backed securities, residential	31,272		782		81		31,973
State and municipal	24,514		240		94		24,660
Corporate bonds	5,000		62		—		5,062
CRA mutual fund	1,044		—		9		1,035
Stock in other banks	498		183		—		681
	$	143,393	$	1,310	$	1,713	$	142,990
SECURITIES HELD TO MATURITY
SEPTEMBER 30, 2017
U.S. Government and agencies	$	20,004	$	25	$	54	$	19,975
Mortgage-backed securities, residential	27,365		156		123		27,398
	$	47,369	$	181	$	177	$	47,373
DECEMBER 31, 2016
U.S. Government and agencies	$	23,017	$	26	$	54	$	22,989
Mortgage-backed securities, residential	32,551		210		325		32,436
	$	55,568	$	236	$	379	$	55,425

Schedule of unrealized losses and fair value

The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017, and December 31, 2016:

	Less than 12 Months				12 Months or More				Total
In thousands	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
SECURITIES AVAILABLE FOR SALE
SEPTEMBER 30, 2017
U.S. Government and agencies	$	65,649	$	629	$	15,756	$	393	$	81,405	$	1,022
Mortgage-backed securities, residential	6,783		27		—		—		6,783		27
State and municipal	1,441		7		691		4		2,132		11
CRA Mutual Fund	1,042		2		—		—		1,042		2
	$	74,915	$	665	$	16,447	$	397	$	91,362	$	1,062
DECEMBER 31, 2016
U.S. Government and agencies	$	71,454	$	1,529	$	—	$	—	$	71,454	$	1,529
Mortgage-backed securities, residential	8,966		81		—		—		8,966		81
State and municipal	4,933		94		—		—		4,933		94
CRA Mutual Fund	1,035		9		—		—		1,035		9
	$	86,388	$	1,713	$	—	$	—	$	86,388	$	1,713
SECURITIES HELD TO MATURITY
SEPTEMBER 30, 2017
U.S. Government and agencies	$	12,948	$	52	$	1,998	$	2	$	14,946	$	54
Mortgage-backed securities, residential	10,496		114		1,168		9		11,664		123
	$	23,444	$	166	$	3,166	$	11	$	26,610	$	177
DECEMBER 31, 2016
U.S. Government and agencies	$	12,946	$	54	$	—	$	—	$	12,946	$	54
Mortgage-backed securities, residential	12,956		325		—		—		12,956		325
	$	25,902	$	379	$	—	$	—	$	25,902	$	379

Schedule of amortized cost and fair value by contractual maturity

Amortized cost and fair value at September 30, 2017, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.

	Available for Sale				Held to Maturity
In thousands	Amortized Cost		Fair Value		Amortized Cost		Fair Value
1 year or less	$	6,576	$	6,589	$	8,004	$	7,998
Over 1 year through 5 years	97,681		96,972		12,000		11,977
Over 5 years through 10 years	15,709		15,681		—		—
Over 10 years	—		—		—		—
Mortgage-backed securities, residential	36,673		37,351		27,365		27,398
CRA mutual fund	1,044		1,042		—		—
Stock in other banks	647		757		—		—
	$	158,330	$	158,392	$	47,369	$	47,373