Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investment Securities [Abstract]

Unrealized Gain (Loss) on Investments

At September 30, 2015 and December 31, 2014, amortized cost, fair value, and unrealized gains and losses on investment securities are as follows:

(Dollars in thousands)	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
September 30, 2015
Available for sale securities:
U.S. Treasury and U.S. government agencies	$	26,323	$	1,060	$	41	$	27,342
Mortgage-backed U.S. government agencies		36,136		170		117		36,189
State and political subdivision obligations		65,630		1,482		230		66,882
Equity securities		3,266		90		73		3,283
	$	131,355	$	2,802	$	461	$	133,696

(Dollars in thousands)	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
December 31, 2014
Available for sale securities:
U.S. Treasury and U.S. government agencies	$	26,343	$	752	$	29	$	27,066
Mortgage-backed U.S. government agencies		33,763		190		177		33,776
State and political subdivision obligations		77,482		2,007		318		79,171
Equity securities		1,584		60		23		1,621
	$	139,172	$	3,009	$	547	$	141,634

Schedule of Fair Value and Unrealized Loss on Investments in a Continuous Unrealized Loss Position

The following table presents gross unrealized losses and fair value of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014.

(Dollars in thousands)	Less Than 12 Months					12 Months or More					Total
September 30, 2015	Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Available for sale securities:
U.S. Treasury and U.S. government agencies	3	$	2,895	$	29	2	$	1,456	$	12	5	$	4,351	$	41
Mortgage-backed U.S. government agencies	8		8,276		46	7		4,128		71	15		12,404		117
State and political subdivision obligations	31		14,564		120	4		2,936		110	35		17,500		230
Equity securities	1		997		3	3		1,196		70	4		2,193		73
Total temporarily impaired
available for sale securities	43	$	26,732	$	198	16	$	9,716	$	263	59	$	36,448	$	461

(Dollars in thousands)	Less Than 12 Months					12 Months or More					Total
December 31, 2014	Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized
	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Available for sale securities:
U.S. Treasury and U.S. government agencies	5	$	6,059	$	29	-	$	-	$	-	5	$	6,059	$	29
Mortgage-backed U.S. government agencies	15		9,511		62	5		4,416		115	20		13,927		177
State and political subdivision obligations	9		4,444		33	28		13,947		285	37		18,391		318
Equity securities	-		-		-	2		583		23	2		583		23
Total temporarily impaired
available for sale securities	29	$	20,014	$	124	35	$	18,946	$	423	64	$	38,960	$	547

Investments Classified by Contractual Maturity Date

(Dollars in thousands)	September 30, 2015
	Amortized		Fair
	Cost		Value
Due in 1 year or less	$	7,483	$	7,600
Due after 1 year but within 5 years		26,240		27,301
Due after 5 years but within 10 years		47,628		48,882
Due after 10 years		10,602		10,441
		91,953		94,224
Mortgage-backed securities		36,136		36,189
Equity securities		3,266		3,283
	$	131,355	$	133,696