Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Available for Sale Securities

The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

September 30, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	44,857	$	104	$	(222	)	$	44,739
Obligations of states and political subdivisions		83,044		4,587		(378	)		87,253
Mortgage-backed securities in government sponsored entities		67,687		1,033		(354	)		68,366
Total debt securities		195,588		5,724		(954	)		200,358
Equity securities in financial institutions		481		52		—			533
Total	$	196,069	$	5,776	$	(954	)	$	200,891
December 31, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	52,229	$	95	$	(764	)	$	51,560
Obligations of states and political subdivisions		79,975		2,327		(1,677	)		80,625
Mortgage-backed securities in government sponsored entities		66,409		1,127		(557	)		66,979
Total debt securities		198,613		3,549		(2,998	)		199,164
Equity securities in financial institutions		481		—		(32	)		449
Total	$	199,094	$	3,549	$	(3,030	)	$	199,613

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2014, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities and equity securities are shown separately.

Available for sale	Amortized Cost		Fair Value
Due in one year or less	$	135	$	135
Due after one year through five years		28,358		28,343
Due after five years through ten years		38,590		40,032
Due after ten years		60,818		63,482
Mortgage-backed securities		67,687		68,366
Equity securities		481		533
Total securities available for sale	$	196,069	$	200,891

Proceeds from Sales of Securities, Gross Realized Gains and Losses

Proceeds from sales of securities, gross realized gains and gross realized losses were as follows.

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Sale proceeds	$	—	$	927	$	18,088	$	8,686
Gross realized gains		—		—		113		144
Gross realized losses		—		—		—		89
Gains from securities called or settled by the issuer		1		80		1		83

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at September 30, 2014 and December 31, 2013 not recognized in income, aggregated by investment category and the length of time which the individual securities have been in a loss position, are as follows:

September 30, 2014	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	10,540	$	(18	)	$	19,198	$	(204	)	$	29,738	$	(222	)
Obligations of states and political subdivisions		1,467		(3	)		8,644		(375	)		10,111		(378	)
Mortgage-backed securities in gov’t sponsored entities		20,541		(151	)		14,396		(203	)		34,937		(354	)
Total temporarily impaired	$	32,548	$	(172	)	$	42,238	$	(782	)	$	74,786	$	(954	)
December 31, 2013	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	30,800	$	(764	)	$	—	$	—		$	30,800	$	(764	)
Obligations of states and political subdivisions		28,428		(1,556	)		968		(121	)		29,396		(1,677	)
Mortgage-backed securities in gov’t sponsored entities		32,557		(553	)		279		(4	)		32,836		(557	)
Equity securities in financial institutions		449		(32	)		—		—			449		(32	)
Total temporarily impaired	$	92,234	$	(2,905	)	$	1,247	$	(125	)	$	93,481	$	(3,030	)