Securities (Tables)

3 Months Ended

Mar. 31, 2017

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 loss were as follows:

March 31, 2017	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	37,037	$	133	$	(72	)	$	37,098
Obligations of states and political subdivisions		100,333		3,569		(429	)		103,473
Mortgage-backed securities in government sponsored entities		81,898		560		(541	)		81,917
Total debt securities		219,268		4,262		(1,042	)		222,488
Equity securities in financial institutions		481		276		—			757
Total	$	219,749	$	4,538	$	(1,042	)	$	223,245
December 31, 2016	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	37,406	$	117	$	(77	)	$	37,446
Obligations of states and political subdivisions		92,177		3,395		(574	)		94,998
Mortgage-backed securities in government sponsored entities		62,756		483		(597	)		62,642
Total debt securities		192,339		3,995		(1,248	)		195,086
Equity securities in financial institutions		481		297		—			778
Total	$	192,820	$	4,292	$	(1,248	)	$	195,864

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2017, 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	$	6,158	$	6,158
Due after one year through five years		31,702		31,851
Due after five years through ten years		30,831		32,437
Due after ten years		68,679		70,125
Mortgage-backed securities		81,898		81,917
Equity securities		481		757
Total securities available for sale	$	219,749	$	223,245

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,
	2017		2016
Sale proceeds	$	—	$	—
Gross realized gains		—		—
Gross realized losses		—		—
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, 2017 and December 31, 2016 not recognized in income are as follows:

March 31, 2017	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	$	14,197	$	(57	)	$	851	$	(15	)	$	15,048	$	(72	)
Obligations of states and political subdivisions		16,584		(412	)		515		(17	)		17,099		(429	)
Mortgage-backed securities in gov’t sponsored entities		42,246		(515	)		2,075		(26	)		44,321		(541	)
Total temporarily impaired	$	73,027	$	(984	)	$	3,441	$	(58	)	$	76,468	$	(1,042	)
December 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	$	13,271	$	(61	)	$	893	$	(16	)	$	14,164	$	(77	)
Obligations of states and political subdivisions		17,167		(558	)		519		(16	)		17,686		(574	)
Mortgage-backed securities in gov’t sponsored entities		35,453		(566	)		2,849		(31	)		38,302		(597	)
Total temporarily impaired	$	65,891	$	(1,185	)	$	4,261	$	(63	)	$	70,152	$	(1,248	)