Securities (Tables)

3 Months Ended

Mar. 31, 2018

Cash and Cash Equivalents [Abstract]

Securities Available for Sale

Securities available for sale at March 31, 2018 and December 31, 2017 are as follows:

	March 31, 2018									December 31, 2017
	Amortized		Unrealized					Fair		Amortized		Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
U.S. Gov’t sponsored entities	$	113,341	$	334	$	(1,754	)	$	111,921	$	108,578	$	478	$	(908	)	$	108,148
State & political subdivisions		131,608		2,616		(758	)		133,466		134,428		3,609		(314	)		137,723
Residential & multi-family mortgage		123,995		104		(3,469	)		120,630		111,214		304		(1,882	)		109,636
Corporate notes & bonds		17,608		45		(459	)		17,194		17,610		52		(462	)		17,200
Pooled SBA		35,145		113		(1,113	)		34,145		36,260		355		(575	)		36,040
Other		1,020		0		(77	)		943		1,020		0		(58	)		962
Total	$	422,717	$	3,212	$	(7,630	)	$	418,299	$	409,110	$	4,798	$	(4,199	)	$	409,709

Trading Securities

Trading securities at March 31, 2018 and December 31, 2017 are as follows:

	March 31, 2018		December 31, 2017
Corporate equity securities	$	5,172	$	5,125
Mutual funds		1,612		1,499
Certificates of deposit		170		220
Corporate notes and bonds		250		254
U.S. Government sponsored entities		52		52
Total	$	7,256	$	7,150

Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

Securities with unrealized losses at March 31, 2018 and December 31, 2017, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:

March 31, 2018

	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	63,833	$	(1,262	)	$	34,590	$	(492	)	$	98,423	$	(1,754	)
State & political subdivisions		61,022		(456	)		4,045		(302	)		65,067		(758	)
Residential & multi-family mortgage		50,017		(913	)		59,984		(2,556	)		110,001		(3,469	)
Corporate notes & bonds		5,225		(38	)		9,077		(421	)		14,302		(459	)
Pooled SBA		7,513		(67	)		21,272		(1,046	)		28,785		(1,113	)
Other		0		(0	)		943		(77	)		943		(77	)
	$	187,610	$	(2,736	)	$	129,911	$	(4,894	)	$	317,521	$	(7,630	)

December 31, 2017

	Less than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	55,696	$	(540	)	$	34,754	$	(368	)	$	90,450	$	(908	)
State & political subdivisions		15,890		(69	)		4,104		(245	)		19,994		(314	)
Residential and multi-family mortgage		30,144		(153	)		63,699		(1,729	)		93,843		(1,882	)
Corporate notes & bonds		5,005		(9	)		9,042		(453	)		14,047		(462	)
Pooled SBA		0		(0	)		22,270		(575	)		22,270		(575	)
Other		0		(0	)		962		(58	)		962		(58	)
	$	106,735	$	(771	)	$	134,831	$	(3,428	)	$	241,566	$	(4,199	)

Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses

A roll-forward of the other-than-temporary impairment amount related to credit losses for the three months ended March 31, 2018 and 2017 is as follows:

	2018		2017
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period	$	0	$	2,071
Credit losses previously recognized on securities sold during the period		0		(2,071	)
Additional credit loss for which other-than-temporary impairment was not previously recognized		0		0
Additional credit loss for which other-than-temporary impairment was previously recognized		0		0
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period	$	0	$	0

Information Pertaining to Security Sales

Information pertaining to security sales on available for sale securities is as follows:

	Proceeds		Gross Gains		Gross Losses
Three months ended March 31, 2018	$	0	$	0	$	0
Three months ended March 31, 2017	$	2,183	$	1,383	$	0

Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities

The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at March 31, 2018:

	Amortized		Fair
	Cost		Value
1 year or less	$	58,820	$	58,626
1 year – 5 years		154,027		154,001
5 years – 10 years		43,991		44,236
After 10 years		5,719		5,718
		262,557		262,581
Residential and multi-family mortgage		123,995		120,630
Pooled SBA		35,145		34,145
Total debt securities	$	421,697	$	417,356