Securities (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at September 30, 2016 and December 31, 2015:

(Dollars in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
September 30, 2016
Available-for-sale
U.S. Treasury security	$	1,001	$	1	$	—	$	1,002
U.S. Government agencies		9,964		2		1		9,965
Mortgage-backed securities of government agencies		56,724		1,095		9		57,810
Other mortgage-backed securities		73		—		—		73
Asset-backed securities of government agencies		1,350		—		99		1,251
State and political subdivisions		29,309		744		7		30,046
Corporate bonds		12,655		143		97		12,701
Equity securities		54		22		—		76
Total available-for-sale		111,130		2,007		213		112,924
Held-to-maturity securities
U.S. Government agencies		7,473		32		2		7,503
Mortgage-backed securities of government agencies		15,491		422		26		15,887
Total held-to-maturity		22,964		454		28		23,390
Restricted stock		4,614		—		—		4,614
Total securities	$	138,708	$	2,461	$	241	$	140,928
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 September 30, 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	$	5,894	$	5,897
Due after one through five years		17,375		17,710
Due after five through ten years		26,774		27,238
Due after ten years		61,033		62,003
Total debt securities available-for-sale	$	111,076	$	112,848
Held-to-maturity
Due in one year or less	$	—	$	—
Due after one through five years		—		—
Due after five through ten years		3,473		3,500
Due after ten years		19,491		19,890
Total debt securities held-to-maturity	$	22,964	$	23,390

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				Nine months ended
	September 30,				September 30,
(Dollars in thousands)	2016		2015		2016		2015
Proceeds	$	1	$	—	$	1	$	1,576
Realized gains		1		—		1		56
Realized losses		—		—		—		—
Net securities gains	$	1	$	—	$	1	$	56

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 September 30, 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
September 30, 2016
Available-for-sale
U.S. Government agencies	$	—	$	—	$	1	$	2,004	$	1	$	2,004
Mortgage-backed securities of government agencies		9		1,193		—		—		9		1,193
Asset-backed securities of government agencies		—		—		99		1,251		99		1,251
State and political subdivisions		7		829		—		—		7		829
Corporate bonds		17		2,488		80		1,920		97		4,408
Held-to-maturity
U.S. Government agencies		—		—		2		1,998		2		1,998
Mortgage-backed securities of government agencies		—		—		26		4,049		26		4,049
Total temporarily impaired securities	$	33	$	4,510	$	208	$	11,222	$	241	$	15,732
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