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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

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

The following tables present information related to the Company’s investment securities at June 30, 2016 and December 31, 2015 (dollars in thousands):

				Gross			Gross
	Amortized			Unrealized			Unrealized				Fair
June 30, 2016	Cost			Gains			Losses				Value
Investment securities available-for-sale
Federal agency obligations	$	29,785		$	628		$	(10	)		$	30,403
Residential mortgage pass-through securities		45,718			1,326			(14	)			47,030
Commercial mortgage pass-through securities		2,949			125			-				3,074
Obligations of U.S. states and political subdivisions		38,085			336			-				38,421
Trust preferred securities		16,089			506			(268	)			16,327
Corporate bonds and notes		34,098			1,003			(182	)			34,919
Asset-backed securities		17,124			-			(412	)			16,712
Certificates of deposit		1,196			21			-				1,217
Equity securities		376			16			(11	)			381
Other securities		19,724			123			(65	)			19,782
Total securities available-for-sale	$	205,144		$	4,084		$	(962	)		$	208,266
Investment securities held-to-maturity
U.S. Treasury and agency securities	$	28,574		$	2,373		$	-			$	30,947
Federal agency obligations		29,459			825			-				30,284
Residential mortgage-backed securities		3,147			30			(12	)			3,165
Commercial mortgage-backed securities		1,301			44			-				1,345
Obligations of U.S. states and political divisions		115,154			7,661			-				122,815
Corporate bonds and notes		37,083			1,795			(7	)			38,871
Total securities held-to-maturity	$	214,718		$	12,728		$	(19	)		$	227,427
Total investment securities	$	419,862		$	16,812		$	(981	)		$	435,693
				Gross			Gross
	Amortized			Unrealized			Unrealized				Fair
December 31, 2015	Cost			Gains			Losses				Value
Investment securities available-for-sale
Federal agency obligations	$	29,062		$	142		$	(58	)		$	29,146
Residential mortgage pass-through securities		44,155			803			(48	)			44,910
Commercial mortgage pass-through securities		2,981			-			(9	)			2,972
Obligations of U.S. states and political subdivisions		8,188			169			-				8,357
Trust preferred securities		16,088			398			(231	)			16,255
Corporate bonds and notes		53,566			702			(292	)			53,976
Asset-backed securities		20,005			18			(298	)			19,725
Certificates of deposit		1,895			18			(8	)			1,905
Equity securities		376			21			(23	)			374
Other securities		18,303			-			(153	)			18,150
Total securities available-for-sale	$	194,619		$	2,271		$	(1,120	)		$	195,770
Investment securities held-to-maturity
U.S. Treasury and agency securities	$	28,471		$	755		$	-			$	29,226
Federal agency obligations		33,616			280			(119	)			33,777
Residential mortgage-backed securities		3,805			11			(6	)			3,810
Commercial mortgage-backed securities		4,110			27			(2	)			4,135
Obligations of U.S. states and political divisions		118,015			5,001			(3	)			123,013
Corporate bonds and notes		36,039			719			(161	)			36,597
Total securities held-to-maturity	$	224,056		$	6,793		$	(291	)		$	230,558
Total investment securities	$	418,675		$	9,064		$	(1,411	)		$	426,328

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents information for investment securities at June 30, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer.

	June 30, 2016
	Amortized			Fair
	Cost			Value
	(in thousands)
Investment securities available-for-sale:
Due in one year or less	$	2,770		$	2,792
Due after one year through five years		18,536			19,095
Due after five years through ten years		37,235			37,547
Due after ten years		77,836			78,565
Residential mortgage pass-through securities		45,718			47,030
Commercial mortgage pass-through securities		2,949			3,074
Equity securities		376			381
Other securities		19,724			19,782
Total	$	205,144		$	208,266
Investment securities held-to-maturity:
Due in one year or less	$	6,007		$	6,037
Due after one year through five years		10,238			10,573
Due after five years through ten years		84,718			90,673
Due after ten years		109,307			115,634
Residential mortgage-backed securities		3,147			3,165
Commercial mortgage-backed securities		1,301			1,345
Total	$	214,718		$	227,427
Total investment securities	$	419,862		$	435,693

Schedule of Realized Gain (Loss) [Table Text Block]

Gross gains and losses from the sales, calls and maturities of investment securities for the three-month and six-month periods ended June 30, 2016 and 2015 were as follows:

		Three Months Ended						Six Months Ended
		June 30,						June 30,
(in thousands)		2016			2015			2016			2015
Proceeds		$	6,573		$	2,734		$	6,573		$	12,271
Gross gains on sales of investment securities			103			221			103			726
Gross losses on sales of investment securities			-			-			-			-
Net gains on sales of investment securities			103			221			103			726
Less: tax provision on net gains			42			90			42			297
Total		$	61		$	131		$	61		$	429

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2016 and December 31, 2015:

			June 30, 2016
			Total													Less than 12 Months													12 Months or Longer
			Fair					Unrealized								Fair						Unrealized							Fair					Unrealized
			Value					Losses								Value						Losses							Value					Losses
			(in thousands)
Investment securities
available-for-sale:
Federal agency obligation			$	3,140				$	(10			)				$	2,824					$	(9			)			$	316				$	(1			)
Residential mortgage
pass-through securities				2,090					(14			)					1,681						(8			)				409					(6			)
Trust preferred securities				1,309					(268			)					-						-							1,309					(268			)
Corporate bonds and notes				11,145					(182			)					7,290						(72			)				3,855					(110			)
Asset-backed securities				16,513					(412			)					6,988						(177			)				9,525					(235			)
Equity securities				123					(11			)					-						-							123					(11			)
Other securities				5,435					(65			)					-						-							5,435					(65			)
Total			$	39,755				$	(962			)				$	18,783					$	(266			)			$	20,972				$	(696			)
Investment securities
held-to-maturity:
Residential mortgage
pass-through securities				1,751					(12			)					1,751						(12			)				-					-
Corporate bonds and notes				2,765					(7			)					-						-							2,765					(7			)
Total			$	4,516				$	(19			)				$	1,751					$	(12			)			$	2,765				$	(7			)
Total temporarily impaired
securities			$	44.271				$	(981			)				$	20,534					$	(278			)			$	23,737				$	(703			)
				December 31, 2015
				Total														Less than 12 Months												12 Months or Longer
				Fair						Unrealized								Fair						Unrealized						Fair						Unrealized
				Value						Losses								Value						Losses						Value						Losses
				(dollars in thousands)
Investment Securities
Available-for-Sale:
Federal agency obligation				$	12,260					$	(58			)				$	12,013					$	(54		)			$	247					$	(4	)
Residential mortgage
pass-through securities					9,027						(48			)					9,027						(48		)				-						-
Commercial mortgage-backed
securities					2,971						(9			)					2,971						(9		)				-						-
Trust preferred securities					1,345						(231			)					-						-						1,345						(231	)
Corporate bonds and notes					16,533						(292			)					12,702						(161		)				3,831						(131	)
Asset-backed securities					14,745						(298			)					11,250						(188		)				3,495						(110	)
Certificates of deposit					215						(8			)					215						(8		)				-						-
Equity securities					123						(23			)					-						-						123						(23	)
Other securities					5,347						(153			)					-						-						5,347						(153	)
Total				$	62,566					$	(1,120			)				$	48,178					$	(468		)			$	14,388					$	(652	)
Investment Securities
Held-to-Maturity:
Federal agency obligation					12,554						(119			)					11,783						(109		)				771						(10	)
Residential mortgage
pass-through securities					2,480						(6			)					2,480						(6		)				-						-
Commercial mortgage-backed
securities					1,331						(2			)					1,331						(2		)				-						-
Obligations of U.S. states
and political subdivisions					981						(3			)					981						(3		)				-						-
Corporate bonds and notes					5,536						(161			)					5,536						(161		)				-						-
Total				$	22,882					$	(291			)				$	22,111					$	(281		)			$	771					$	(10	)
Total Temporarily Impaired
Securities				$	85,448					$	(1,411			)				$	70,289					$	(749		)			$	15,159					$	(662	)

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
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