Securities (Tables)

12 Months Ended

Dec. 31, 2018

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)
	2018
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	23,078	$	6	$	(254	)	$	22,830
U.S. Government agencies		71,235		2		(1,910	)		69,327
Mortgage-backed securities		37,342		62		(1,142	)		36,262
State and local governments		40,608		225		(805	)		40,028
Total available-for-sale securities	$	172,263	$	295	$	(4,111	)	$	168,447

	(In Thousands)
	2017
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	21,219	$	-	$	(241	)	$	20,978
U.S. Government agencies		82,198		-		(1,732	)		80,466
Mortgage-backed securities		40,236		64		(790	)		39,510
State and local governments		55,512		437		(505	)		55,444
Total available-for-sale securities	$	199,165	$	501	$	(3,268	)	$	196,398

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

Information pertaining to securities with gross unrealized losses at December 31, 2018 and 2017, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	2018
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(254	)	$	20,861
U.S. Government agencies		-			-		(1,910	)		64,727
Mortgage-backed securities		(4	)		697		(1,138	)		30,347
State and local governments		(22	)		3,254		(783	)		29,413
Total available-for-sales securities	$	(26	)	$	3,951	$	(4,085	)	$	145,348

	2017
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	(36	)	$	6,924	$	(205	)	$	14,054
U.S. Government agencies		(314	)		27,328		(1,418	)		53,139
Mortgage-backed securities		(70	)		7,149		(720	)		28,080
State and local governments		(205	)		24,999		(300	)		11,567
Total available-for-sales securities	$	(625	)	$	66,400	$	(2,643	)	$	106,840

Gross Realized Gains and Losses

gross realized gains and losses for the years ended December 31, as presented below:

	(In Thousands)
	2018			2017			2016
Gross realized gains	$	51		$	58		$	598
Gross realized losses		(60	)		(11	)		(10	)
Net realized gains (losses)	$	(9	)	$	47		$	588
Tax expense (benefit) related to net realized gains (losses)	$	(2	)	$	16		$	200

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

The amortized cost and fair value of debt securities at December 31, 2018, 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	$	29,477	$	29,235
After one year through five years		67,009		65,755
After five years through ten years		37,154		36,000
After ten years		1,281		1,195
Total	$	134,921	$	132,185
Mortgage-backed securities		37,342		36,262
Total	$	172,263	$	168,447