Securities (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	41,586	$	264	$	(22	)	$	41,828
Obligations of states and political subdivisions		87,251		5,947		(23	)		93,175
Mortgage-backed securities in government sponsored entities		65,176		1,064		(46	)		66,194
Total debt securities		194,013		7,275		(91	)		201,197
Equity securities in financial institutions		481		108		—			589
Total	$	194,494	$	7,383	$	(91	)	$	201,786

December 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	40,992	$	74	$	(129	)	$	40,937
Obligations of states and political subdivisions		87,255		4,959		(62	)		92,152
Mortgage-backed securities in government sponsored entities		62,135		681		(243	)		62,573
Total debt securities		190,382		5,714		(434	)		195,662
Equity securities in financial institutions		481		106		—			587
Total	$	190,863	$	5,820	$	(434	)	$	196,249

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2016, 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	$	8,062	$	8,071
Due after one year through five years		28,108		28,431
Due after five years through ten years		32,459		34,512
Due after ten years		60,208		63,989
Mortgage-backed securities		65,176		66,194
Equity securities		481		589
Total securities available for sale	$	194,494	$	201,786

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,
	2016			2015
Sale proceeds	$	—		$	3,518
Gross realized gains		—			—
Gross realized losses		—			—
Gains (losses) from securities called or settled by the issuer		(5	)		—

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at March 31, 2016 and December 31, 2015 not recognized in income are as follows:

March 31, 2016	12 Months or less					More than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
Description of Securities	Value		Loss			Value		Loss			Value		Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	9,258	$	(5	)	$	1,058	$	(17	)	$	10,316	$	(22	)
Obligations of states and political subdivisions		—		—			1,079		(23	)		1,079		(23	)
Mortgage-backed securities in gov’t sponsored entities		5,083		(18	)		4,930		(28	)		10,013		(46	)
Total temporarily impaired	$	14,341	$	(23	)	$	7,067	$	(68	)	$	21,408	$	(91	)
December 31, 2015	12 Months or less					More than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
Description of Securities	Value		Loss			Value		Loss			Value		Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	25,464	$	(112	)	$	1,132	$	(17	)	$	26,596	$	(129	)
Obligations of states and political subdivisions		2,932		(20	)		1,469		(42	)		4,401		(62	)
Mortgage-backed securities in gov’t sponsored entities		27,263		(172	)		5,041		(71	)		32,304		(243	)
Total temporarily impaired	$	55,659	$	(304	)	$	7,642	$	(130	)	$	63,301	$	(434	)