Securities (Tables)

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at December 31:

(Dollars in thousands)	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
2015
Available-for-sale
U.S. Treasury security		$	1,002		$	–		$	2		$	1,000
U.S. Government agencies			18,239			5			126			18,118
Mortgage-backed securities of government agencies			62,930			527			278			63,179
Other mortgage-backed securities			104			–			–			104
Asset-backed securities of government agencies			1,464			–			72			1,392
State and political subdivisions			24,924			418			41			25,301
Corporate bonds			18,912			7			108			18,811
Equity securities			53			11			–			64
Total available-for-sale			127,628			968			627			127,969
Held-to-maturity
U.S. Government agencies			15,586			312			46			15,852
Mortgage-backed securities of government agencies			18,233			81			155			18,159
Total held-to-maturity			33,819			393			201			34,011
Restricted stock			4,614			–			–			4,614
Total securities		$	166,061		$	1,361		$	828		$	166,594
2014
Available-for-sale
U.S. Treasury security		$	1,004		$	–		$	4		$	1,000
U.S. Government agencies			25,228			6			155			25,079
Mortgage-backed securities of government agencies			47,696			730			79			48,347
Other mortgage-backed securities			139			2			–			141
Asset-backed securities of government agencies			2,606			3			5			2,604
State and political subdivisions			17,878			433			44			18,267
Corporate bonds			4,503			40			1			4,542
Equity securities			106			22			–			128
Total available-for-sale			99,160			1,236			288			100,108
Held-to-maturity
U.S. Government agencies			16,343			294			2			16,635
Mortgage-backed securities of government agencies			21,973			398			56			22,315
Total held-to-maturity			38,316			692			58			38,950
Restricted stock			4,614			–			–			4,614
Total securities		$	142,090		$	1,928		$	346		$	143,672

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized Cost		Fair Value
Available-for-sale
Due in one year or less	$	12,299	$	12,308
Due after one through five years		22,297		22,359
Due after five through ten years		25,090		25,178
Due after ten years		67,889		68,060
Total debt securities available-for-sale	$	127,575	$	127,905
Held-to-maturity
Due in one year or less	$	–	$	–
Due after one through five years		–		–
Due after five through ten years		11,786		11,892
Due after ten years		22,033		22,119
Total debt securities held-to-maturity	$	33,819	$	34,011

Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities

The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales in 2015, 2014 and 2013.

(Dollars in thousands)	2015		2014		2013
Proceeds	$	1,576	$	2,483	$	4,309
Realized gains	$	56	$	133	$	159
Realized losses		–		–		–
Net securities gains	$	56	$	133	$	159

Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities

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

Securities in a Continuous Unrealized Loss Position

	Less Than 12 Months						12 Months Or More						Total
(Dollars in thousands)	Gross Unrealized Losses			Fair Value			Gross Unrealized Losses			Fair   Value			Gross Unrealized Losses			Fair Value
2015
Available-for-sale
U.S. Treasury security		$	2		$	1,000		$	–		$	–		$	2		$	1,000
U.S. Government agencies			67			9,172			59			4,941			126			14,113
Mortgage-backed securities of government agencies			278			20,231			–			–			278			20,231
Asset-backed securities of government agencies			72			1,392			–			–			72			1,392
State and political subdivisions			33			2,652			8			1,120			41			3,772
Corporate bonds			108			15,282			–			–			108			15,282
Held-to-maturity
U.S. Government agencies			46			5,954			–			–			46			5,954
Mortgage-backed securities of government agencies			155			12,994			–			–			155			12,994
Total temporarily impaired securities		$	761		$	68,677		$	67		$	6,061		$	828		$	74,738
2014
Available-for-sale
U.S. Treasury security		$	4		$	1,000		$	–		$	–		$	4		$	1,000
U.S. Government agencies			12			5,188			143			5,856			155			11,044
Mortgage-backed securities of government agencies			40			6,348			39			4,939			79			11,287
Asset-backed securities of government agencies			5			1,603			–			–			5			1,603
State and political subdivisions			13			1,300			31			1,416			44			2,716
Corporate bonds			1			499			–			–			1			499
Held-to-maturity
U.S. Government agencies			2			998			–			–			2			998
Mortgage-backed securities of government agencies			–			–			56			9,265			56			9,265
Total temporarily impaired securities		$	77		$	16,936		$	269		$	21,476		$	346		$	38,412