Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

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:

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
At June 30, 2016	(In Thousands)
Available-for-Sale Securities:
Obligations of U.S. government corporations and agencies	$	3,000	$	13	$	-	$	3,013
Mortgage-backed securities – residential		59,632		1,634		-		61,266
REMICs		1,483		39		-		1,522
Collateralized mortgage obligations		64,401		1,576		(35)		65,942
Trust preferred securities and preferred stock		-		1		-		1
Corporate bonds		10,984		47		(11)		11,020
Obligations of state and political subdivisions		80,106		5,104		-		85,210
Totals	$	219,606	$	8,414	$	(46)	$	227,974

			Gross		Gross
	Amortized		Unrecognized		Unrecognized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Held-to-Maturity Securities*:
FHLMC certificates	$	13	$	-	$	-	$	13
FNMA certificates		65		2		(1)		66
GNMA certificates		27		-		-		27
Obligations of state and political subdivisions		93		-		-		93
Totals	$	198	$	2	$	(1)	$	199

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
At December 31, 2015	(In Thousands)
Available-for-Sale Securities:
Obligations of U.S. government corporations and agencies	$	3,000	$	1	$	(7)	$	2,994
Mortgage-backed securities - residential		63,815		898		(59)		64,654
REMICs		1,592		28		-		1,620
Collateralized mortgage obligations		71,176		976		(353)		71,799
Preferred stock		-		1		-		1
Corporate bonds		4,955		39		(17)		4,977
Obligations of state and political subdivisions		85,680		4,712		(2)		90,390
Total Available-for-Sale	$	230,218	$	6,655	$	(438)	$	236,435

			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Held-to-Maturity Securities*:
FHLMC certificates	$	14	$	-	$	-	$	14
FNMA certificates		74		2		(1)		75
GNMA certificates		31		1		-		32
Obligations of states and political subdivisions		124		-		-		124
Total Held-to-Maturity	$	243	$	3	$	(1)	$	245

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

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of the investment securities portfolio at June 30, 2016 are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. 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	$	2,718	$	2,751	$	-	$	-
Due after one year through five years		19,075		19,436		93		93
Due after five years through ten years		32,113		34,256		-		-
Due after ten years		40,184		42,801		-		-
MBS/CMO		125,516		128,730		105		106
	$	219,606	$	227,974	$	198	$	199

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

The following tables summarize First Defiance’s securities that were in an unrealized loss position at June 30, 2016 and December 31, 2015:

	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 June 30, 2016
Available-for-sale securities:
Obligations of U.S. government corporations and agencies	$	-	$	-	$	2,749	$	(35)	$	2,749	$	(35)
Corporate bonds		989		(11)		-		-		989		(11)
Held to maturity securities:
FNMA certificates		32		(1)		-		-		32		(1)
Total temporarily impaired securities	$	1,021	$	(12)	$	2,749	$	(35)	$	3,770	$	(47)

	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, 2015
Available-for-sale securities:
Obligations of U.S. government corporations and agencies	$	993	$	(7)	$	-	$	-	$	993	$	(7)
Collateralized mortgage obligations		12,374		(150)		8,158		(203)		20,532		(353)
Corporate bonds		983		(17)		-		-		983		(17)
Obligations of state and political subdivisions		-		-		433		(2)		433		(2)
Mortgage-backed securities-residential		12,525		(59)		-		-		12,525		(59)
Held to maturity securities:
FNMA certificates		13		(1)		-		-		13		(1)
Total temporarily impaired securities	$	26,888	$	(234)	$	8,591	$	(205)	$	35,479	$	(439)

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				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(In Thousands)
Proceeds	$	3,155	$	-	$	8,515	$	-
Gross realized gains		227		-		358		-
Gross realized losses		-		-		-		-