Investment Securities (Tables)

3 Months Ended

Mar. 31, 2015

Marketable Securities [Abstract]

Schedule of Available-for-sale and Held to Maturity Securities [Table Text Block]

The following is a summary of available-for-sale and held-to-maturity securities:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
At March 31, 2015	(In Thousands)
Available-for-Sale Securities:
Obligations of U.S. government corporations and agencies	$	5,000	$	2	$	(1)	$	5,001
Mortgage-backed securities – residential		60,121		1,644		-		61,765
REMICs		1,776		54		-		1,830
Collateralized mortgage obligations		80,900		1,856		(166)		82,590
Trust preferred securities and preferred stock		-		1		-		1
Corporate bonds		5,924		89		(5)		6,008
Obligations of state and political subdivisions		85,991		5,259		(7)		91,243
Totals	$	239,712	$	8,905	$	(179)	$	248,438

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
	(In Thousands)
Held-to-Maturity Securities*:
FHLMC certificates	$	18	$	-	$	-	$	18
FNMA certificates		89		2		(2)		89
GNMA certificates		37		1		-		38
Obligations of state and political subdivisions		155		-		-		155
Totals	$	299	$	3	$	(2)	$	300

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
At December 31, 2014
Available-for-sale
Obligations of U.S. government corporations and agencies	$	1,000	$	-	$	(20)	$	980
Mortgage-backed securities - residential		58,380		1,476		-		59,856
REMICs		1,820		19		-		1,839
Collateralized mortgage obligations		80,252		1,280		(411)		81,121
Trust preferred stock and preferred stock		-		1		-		1
Corporate bonds		6,913		85		(6)		6,992
Obligations of state and political subdivisions		83,732		4,827		(27)		88,532
Total Available-for-Sale	$	232,097	$	7,688	$	(464)	$	239,321

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
	(In Thousands)
Held-to-Maturity*:
FHLMC certificates	$	26	$	-	$	(8)	$	18
FNMA certificates		93		2		-		95
GNMA certificates		39		1		-		40
Obligations of states and political subdivisions		155		-		-		155
Total Held-to-Maturity	$	313	$	3	$	(8)	$	308

* FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities.

Investments Classified by Contractual Maturity Date [Table Text Block]

For purposes of the maturity table, mortgage-backed securities (“MBS”), collateralized mortgage obligations (“CMO”) and REMICs, which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments.

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(In Thousands)
Due in one year or less	$	1,008	$	1,016	$	-	$	-
Due after one year through five years		15,250		15,634		155		155
Due after five years through ten years		37,112		39,532		-		-
Due after ten years		43,545		46,071		-		-
MBS/CMO		142,797		146,185		144		145
	$	239,712	$	248,438	$	299	$	300

Unrealized Gain (Loss) on Investments [Table Text Block]

	Duration of Unrealized Loss Position
	Less than 12 Months				12 Months or Longer				Total
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loses
	(In Thousands)
At March 31, 2015
Available-for-sale securities:
Obligations of U.S. government corporations and agencies	$	-	$	-	$	999	$	(1)	$	999	$	(1)
Collateralized mortgage obligations		1,584		(89)		9,292		(77)		10,876		(166)
Obligations of state and political subdivisions		1,127		(1)		422		(6)		1,549		(7)
Corporate bonds		-		-		994		(5)		994		(5)
Held to maturity securities:
FNMA certificates		26		(2)		1		-		27		(2)
Total temporarily impaired securities	$	2,737	$	(92)	$	11,708	$	(89)	$	14,445	$	(181)

	Duration of Unrealized Loss Position
	Less than 12 Months				12 Months or Longer				Total
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loses
	(In Thousands)
At December 31, 2014
Available-for-sale securities:
Obligations of U.S. government corporations and agencies	$	-	$	-	$	980	$	(20)	$	980	$	(20)
Collateralized mortgage obligations		4,466		(138)		14,633		(273)		19,099		(411)
Corporate bonds		-		-		994		(6)		994		(6)
Obligations of state and political subdivisions		1,194		(8)		1,499		(19)		2,693		(27)
Held to maturity securities:
FHLMC certificates		18		(8)		-		-		18		(8)
Total temporarily impaired securities	$	5,678	$	(154)	$	18,106	$	(318)	$	23,784	$	(472)

Marketable Securities [Table Text Block]

The proceeds from the sales and calls of securities and the associated gains and losses are listed below:

	Three Months Ended March 31,
	2015		2014
	(In Thousands)
Proceeds	$	-	$	1,654
Gross realized gains		-		-
Gross realized losses		-		-