Securities (Tables)

3 Months Ended

Mar. 31, 2015

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:

March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	42,542	$	253	$	(21	)	$	42,774
Obligations of states and political subdivisions		85,619		5,192		(219	)		90,592
Mortgage-backed securities in government sponsored entities		64,512		1,302		(59	)		65,755
Total debt securities		192,673		6,747		(299	)		199,121
Equity securities in financial institutions		481		91		—			572
Total	$	193,154	$	6,838	$	(299	)	$	199,693
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	42,910	$	115	$	(123	)	$	42,902
Obligations of states and political subdivisions		83,215		5,112		(306	)		88,021
Mortgage-backed securities in government sponsored entities		65,646		976		(180	)		66,442
Total debt securities		191,771		6,203		(609	)		197,365
Equity securities in financial institutions		481		59		—			540
Total	$	192,252	$	6,262	$	(609	)	$	197,905

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2015, 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	$	630	$	631
Due after one year through five years		27,680		27,900
Due after five years through ten years		34,948		36,552
Due after ten years		64,903		68,283
Mortgage-backed securities		64,512		65,755
Equity securities		481		572
Total securities available for sale	$	193,154	$	199,693

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
	March 31,
	2015		2014
Sale proceeds	$	3,518	$	15,013
Gross realized gains		—		4
Gross realized losses		—		—

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at March 31, 2015 and December 31, 2014 not recognized in income are as follows:

March 31, 2015	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	$	1,005	$	(1	)	$	4,884	$	(20	)	$	5,889	$	(21	)
Obligations of states and political subdivisions		5,487		(69	)		3,059		(150	)		8,546		(219	)
Mortgage-backed securities in gov’t sponsored entities		327		—			8,717		(59	)		9,044		(59	)
Total temporarily impaired	$	6,819	$	(70	)	$	16,660	$	(229	)	$	23,479	$	(299	)
December 31, 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	$	7,664	$	(17	)	$	11,888	$	(106	)	$	19,552	$	(123	)
Obligations of states and political subdivisions		853		(11	)		5,647		(295	)		6,500		(306	)
Mortgage-backed securities in gov’t sponsored entities		12,289		(29	)		11,492		(151	)		23,781		(180	)
Total temporarily impaired	$	20,806	$	(57	)	$	29,027	$	(552	)	$	49,833	$	(609	)