Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

	(In Thousands)
	June 30, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-Sale:
U.S. Treasury	$	38,944	$	7	$	(317	)	$	38,634
U.S. Government agency		109,867		132		(940	)		109,059
Mortgage-backed securities		25,709		441		(110	)		26,040
State and local governments		78,755		1,360		(241	)		79,874
Total available-for-sale securities	$	253,275	$	1,940	$	(1,608	)	$	253,607

	(In Thousands)
	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-Sale:
U.S. Treasury	$	25,833	$	—	$	(440	)	$	25,393
U.S. Government agency		120,154		391		(1,311	)		119,234
Mortgage-backed securities		29,067		557		(62	)		29,562
State and local governments		72,765		1,671		(133	)		74,303
Total available-for-sale securities	$	247,819	$	2,619	$	(1,946	)	$	248,492

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at June 30, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	(In Thousands)
	June 30, 2015
	Less Than Twelve Months					Twelve Months & Over
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury	$	(51	)	$	3,986	$	(266	)	$	20,295
U.S. Government agency		(408	)		54,445		(532	)		37,458
Mortgage-backed securities		(9	)		1,660		(101	)		3,813
State and local governments		(188	)		16,538		(53	)		4,206
Total available-for-sale securities	$	(656	)	$	76,629	$	(952	)	$	65,772

	(In Thousands)
	December 31, 2014
	Less Than Twelve Months					Twelve Months & Over
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury	$	—		$	—	$	(440	)	$	25,393
U.S. Government agency		(1	)		5,458		(1,310	)		82,803
Mortgage-backed securities		—			—		(62	)		7,900
State and local governments		(31	)		3,442		(102	)		7,756
Total available-for-sale securities	$	(32	)	$	8,900	$	(1,914	)	$	123,852

Gross Realized Gains and Losses

Below are the gross realized gains and losses as of June 30 for each of the years presented.

	(In Thousands)
	2015		2014
Gross realized gains	$	246	$	406
Gross realized losses		—		(104	)
Net realized gains	$	246	$	302
Tax expense related to net realized gains	$	84	$	103

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at June 30, 2015, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	(In Thousands)
	Amortized Cost		Fair Value
One year or less	$	11,890	$	12,016
After one year through five years		164,951		164,804
After five years through ten years		43,594		43,483
After ten years		7,131		7,264
Total	$	227,566	$	227,567
Mortgage-backed securities		25,709		26,040
Total	$	253,275	$	253,607