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Securities (Tables)
 12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Held to maturity securities
Amortized costs and fair values of securities being held to maturity as of December 31, 2015 and 2014, are summarized as follows:
 
December 31, 2015
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Held to Maturity
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
1,457

 
$
—

 
$
(38
)
 
$
1,419

Corporate securities
2,750

 
24

 
(30
)
 
2,744

Total
$
4,207

 
$
24

 
$
(68
)
 
$
4,163


 
December 31, 2014
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Held to Maturity
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
1,500

 
$
—

 
$
(103
)
 
$
1,397

Total
$
1,500

 
$
—

 
$
(103
)
 
$
1,397







The amortized cost and fair value of securities being held to maturity as of December 31, 2015, by contractual maturity are shown below. 
 
December 31, 2015
(Dollars in thousands)
Amortized Cost
 
Fair Value
Held to Maturity
 
 
 
Due after five years through ten years
$
2,750

 
$
2,744

Due after ten years
1,457

 
1,419

Total
$
4,207

 
$
4,163
Amortized costs and fair values of securities available for sale
Amortized costs and fair values of securities available for sale as of December 31, 2015 and 2014, are summarized as follows:
 
December 31, 2015
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Available for Sale
 
 
 
 
 
 
 
U.S. government agencies
$
79,005

 
$
315

 
$
(380
)
 
$
78,940

Obligations of states and political subdivisions
74,071

 
1,956

 
(434
)
 
75,593

Mortgage-backed securities:
 
 
 
 
 
 
 
Agency
129,360

 
3,046

 
(745
)
 
131,661

Non-agency
12,782

 
33

 
(38
)
 
12,777

Other asset backed securities
58,958

 
426

 
(603
)
 
58,781

Corporate securities
17,557

 
22

 
(760
)
 
16,819

Total
$
371,733

 
$
5,798

 
$
(2,960
)
 
$
374,571


 
December 31, 2014
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Available for Sale
 
 
 
 
 
 
 
U.S. government agencies
$
41,317

 
$
283

 
$
(203
)
 
$
41,397

Obligations of states and political subdivisions
55,541

 
2,408

 
(209
)
 
57,740

Mortgage-backed securities:
 
 
 
 
 
 
 

Agency
169,257

 
4,698

 
(742
)
 
173,213

Non-agency
28,235

 
115

 
(227
)
 
28,123

Other asset backed securities
31,338

 
433

 
(58
)
 
31,713

Corporate preferred stock
—

 
—

 
—

 
—

Corporate securities
16,545

 
131

 
(599
)
 
16,077

Total
$
342,233

 
$
8,068

 
$
(2,038
)
 
$
348,263
Amortized cost and fair value of securities available for sale by contractual maturity
Therefore, these securities are not included in the maturity categories in the following maturity summary.
 
December 31, 2015
(Dollars in thousands)
Amortized Cost
 
Fair Value
Available for Sale
 
 
 
Due in one year or less
$
715

 
$
715

Due after one year through five years
10,860

 
11,200

Due after five years through ten years
26,029

 
25,763

Due after ten years
133,029

 
133,674

Mortgage-backed securities
142,142

 
144,438

Other asset backed securities
58,958

 
58,781

Total
$
371,733

 
$
374,571
Investments in continuous unrealized loss position
At December 31, 2015 and 2014, investments in an unrealized loss position that are temporarily impaired are as follows:
(Dollars in thousands)
 
Less than Twelve Months
 
Twelve Months or Greater
 
Total
2015
 
Fair Value
 
Gross
Unrealized Losses
 
Fair Value
 
Gross
Unrealized Losses
 
Fair Value
 
Gross
Unrealized Losses
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
 
$
1,419

 
$
(38
)
 
$
—

 
$
—

 
$
1,419

 
$
(38
)
Corporate securities
 
1,970

 
(30
)
 
—

 
—

 
1,970

 
(30
)
Total
 
$
3,389

 
$
(68
)
 
$
—

 
$
—

 
$
3,389

 
$
(68
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agencies
 
$
46,000

 
$
(304
)
 
$
4,223

 
$
(76
)
 
$
50,223

 
$
(380
)
Obligations of states and political subdivisions
 
16,559

 
(324
)
 
1,082

 
(110
)
 
17,641

 
(434
)
Mortgage-backed securities:
 
 

 
 

 
 

 
 

 
 

 
 

Agency
 
27,627

 
(402
)
 
9,911

 
(343
)
 
37,538

 
(745
)
Non-agency
 
7,842

 
(37
)
 
671

 
(1
)
 
8,513

 
(38
)
Other asset backed securities
 
25,399

 
(276
)
 
12,037

 
(327
)
 
37,436

 
(603
)
Corporate securities
 
10,740

 
(378
)
 
4,866

 
(382
)
 
15,606

 
(760
)
Total
 
$
134,167

 
$
(1,721
)
 
$
32,790

 
$
(1,239
)
 
$
166,957

 
$
(2,960
)


(Dollars in thousands)
 
Less than Twelve Months
 
Twelve Months or Greater
 
Total
2014
 
Fair Value
 
Gross Unrealized Losses
 
Fair Value
 
Gross Unrealized Losses
 
Fair Value
 
Gross Unrealized Losses
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
 
$
1,397

 
$
(103
)
 
$
—

 
$
—

 
$
1,397

 
$
(103
)
Total
 
$
1,397

 
$
(103
)
 
$
—

 
$
—

 
$
1,397

 
$
(103
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agencies
 
$
15,331

 
$
(65
)
 
$
5,833

 
$
(138
)
 
$
21,164

 
$
(203
)
Obligations of states and political subdivisions
 
2,780

 
(14
)
 
3,456

 
(195
)
 
6,236

 
(209
)
Mortgage-backed securities:
 
 
 
 
 
 
 
 
 
 

 
 

Agency
 
28,065

 
(327
)
 
11,027

 
(415
)
 
39,092

 
(742
)
Non-agency
 
15,488

 
(167
)
 
4,730

 
(60
)
 
20,218

 
(227
)
Other asset backed securities
 
6,594

 
(45
)
 
1,077

 
(13
)
 
7,671

 
(58
)
Corporate preferred stock
 
—

 
—

 
—

 
—

 
—

 
—

Corporate securities
 
9,192

 
(391
)
 
792

 
(208
)
 
9,984

 
(599
)
Total
 
$
77,450

 
$
(1,009
)
 
$
26,915

 
$
(1,029
)
 
$
104,365

 
$
(2,038
)