Securities (Tables)

3 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at March 31, 2016 and December 31, 2015:

(Dollars in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
March 31, 2016
Available-for-sale
U.S. Treasury security	$	1,002	$	—	$	—	$	1,002
U.S. Government agencies		13,000		9		6		13,003
Mortgage-backed securities of government agencies		60,532		929		141		61,320
Other mortgage-backed securities		95		—		—		95
Asset-backed securities of government agencies		1,424		—		85		1,339
State and political subdivisions		28,160		568		11		28,717
Corporate bonds		16,827		24		150		16,701
Equity securities		53		12		—		65
Total available-for-sale		121,093		1,542		393		122,242
Held-to-maturity securities
U.S. Government agencies		9,599		390		—		9,989
Mortgage-backed securities of government agencies		17,426		282		37		17,671
Total held-to-maturity		27,025		672		37		27,660
Restricted stock		4,614		—		—		4,614
Total securities	$	152,732	$	2,214	$	430	$	154,516
December 31, 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

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at March 31, 2016, 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	$	10,156	$	10,174
Due after one through five years		21,491		21,696
Due after five through ten years		24,500		24,758
Due after ten years		64,893		65,549
Total debt securities available-for-sale	$	121,040	$	122,177
Held-to-maturity
Due in one year or less	$	—	$	—
Due after one through five years		—		—
Due after five through ten years		5,794		5,997
Due after ten years		21,231		21,663
Total debt securities held-to-maturity	$	27,025	$	27,660

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.

	Three months ended March 31,
(Dollars in thousands)	2016		2015
Proceeds	$	—	$	88
Realized gains		—		35
Realized losses		—		—
Net securities gains	$	—	$	35

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 March 31, 2016 and December 31, 2015:

	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
March 31, 2016
Available-for-sale
U.S. Government agencies	$	3	$	2,998	$	3	$	2,996	$	6	$	5,994
Mortgage-backed securities of government agencies		141		15,271		—		—		141		15,271
Asset-backed securities of government agencies		85		1,339		—		—		85		1,339
State and political subdivisions		1		330		10		1,012		11		1,342
Corporate bonds		150		11,624		—		—		150		11,624
Held-to-maturity
Mortgage-backed securities of government agencies		25		6,370		12		1,066		37		7,436
Total temporarily impaired securities	$	405	$	37,932	$	25	$	5,074	$	430	$	43,006
December 31, 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