Securities (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consisted of the following at December 31:

(Dollars in thousands)	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
2016
Available-for-sale
U.S. Treasury security		$	1,001		$	–		$	–		$	1,001
U.S. Government agencies			6,500			–			98			6,402
Mortgage-backed securities of government agencies			56,187			239			589			55,837
Other mortgage-backed securities			65			–			–			65
Asset-backed securities of government agencies			1,312			–			46			1,266
State and political subdivisions			30,007			140			439			29,708
Corporate bonds			9,632			28			144			9,516
Equity securities			53			27			–			80
Total available-for-sale			104,757			434			1,316			103,875
Held-to-maturity
U.S. Government agencies			9,472			17			396			9,093
Mortgage-backed securities of government agencies			14,411			141			201			14,351
Total held-to-maturity			23,883			158			597			23,444
Restricted stock			4,614			–			–			4,614
Total securities		$	133,254		$	592		$	1,913		$	131,933
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 December 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	$	4,313	$	4,315
Due after one through five years		22,039		22,037
Due after five through ten years		23,715		23,452
Due after ten years		54,637		53,991
Total debt securities available-for-sale	$	104,704	$	103,795
Held-to-maturity
Due in one year or less	$	–	$	–
Due after one through five years		–		–
Due after five through ten years		3,474		3,334
Due after ten years		20,409		20,110
Total debt securities held-to-maturity	$	23,883	$	23,444

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 2016, 2015, and 2014.

(Dollars in thousands)	2016		2015		2014
Proceeds	$	1	$	1,576	$	2,483
Realized gains	$	1	$	56	$	133
Realized losses		–		–		–
Net securities gains	$	1	$	56	$	133

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

The following table presents gross unrealized losses, 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
2016
Available-for-sale
U.S. Government agencies		$	98		$	6,402		$	–		$	–		$	98		$	6,402
Mortgage-backed securities of government agencies			589			27,243			–			–			589			27,243
Asset-backed securities of government agencies			–			–			46			1,266			46			1,266
State and political subdivisions			439			19,328			–			–			439			19,328
Corporate bonds			33			3,593			111			1,889			144			5,482
Held-to-maturity
U.S. Government agencies			396			8,602			–			–			396			8,602
Mortgage-backed securities of government agencies			28			2,018			173			3,621			201			5,639
Total temporarily impaired securities		$	1,583		$	67,186		$	330		$	6,776		$	1,913		$	73,962
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