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Investment Securities (Tables)

9 Months Ended

Sep. 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 September 30, 2016 and December 31, 2015 (dollars in thousands):

				Gross			Gross
	Amortized			Unrealized			Unrealized				Fair
September 30, 2016	Cost			Gains			Losses				Value
Investment securities available-for-sale
Federal agency obligations	$	55,024		$	1,084		$	(9	)		$	56,099
Residential mortgage pass-through securities		62,124			1,292			(12	)			63,404
Commercial mortgage pass-through securities		4,218			151			-				4,369
Obligations of U.S. states and political subdivisions		135,781			5,582			(2	)			141,361
Trust preferred securities		5,574			310			(209	)			5,675
Corporate bonds and notes		37,725			916			(348	)			38,293
Asset-backed securities		15,797			1			(296	)			15,502
Certificates of deposit		973			15			-				988
Equity securities		376			52			(3	)			425
Other securities		12,332			94			(83	)			12,343
Total securities available-for-sale	$	329,924		$	9,497		$	(962	)		$	338,459
				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
				Gross			Gross
	Amortized			Unrecognized			Unrecognized				Fair
	Cost			Gains			Losses				Value
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 September 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.

	September 30, 2016
	Amortized			Fair
	Cost			Value
	(in thousands)
Investment securities available-for-sale:
Due in one year or less	$	3,886		$	3,906
Due after one year through five years		26,238			26,914
Due after five years through ten years		55,486			57,204
Due after ten years		165,264			169,894
Residential mortgage pass-through securities		62,124			63,404
Commercial mortgage pass-through securities		4,218			4,369
Equity securities		376			425
Other securities		12,332			12,343
Total	$	329,924		$	338,459

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 nine-month periods ended September 30, 2016 and 2015 were as follows:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(in thousands)		2016			2015			2016			2015
Proceeds		$	78,680		$	32,125		$	85,253		$	44,397
Gross gains on sales of investment securities			4,131			2,067			4,234			2,793
Gross losses on sales of investment securities			-			-			-			-
Net gains on sales of investment securities			4,131			2,067			4,234			2,793
Less: tax provision on net gains			1,640			794			1,682			1,091
Total		$	2,491		$	1,273		$	2,552		$	1,702

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 September 30, 2016 and December 31, 2015:

	September 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	$	2,685		$	(9	)		$	1,366		$	(3	)		$	1,319		$	(6	)
Residential mortgage
pass-through securities		2,978			(12	)			2,596			(9	)			382			(3	)
Obligations of U.S. states
and political subdivisions		575			(2	)			575			(2	)
Trust preferred securities		1,369			(209	)			-			-				1,369			(209	)
Corporate bonds and notes		13,945			(348	)			5,741			(185	)			8,204			(163	)
Asset-backed securities		14,025			(296	)			3,891			(72	)			10,134			(224	)
Equity securities		134			(3	)			-			-				134			(3	)
Other securities		5,417			(83	)			-			-				5,417			(83	)
Total temporarily impaired
securities	$	41,128		$	(962	)		$	14,169		$	(271	)		$	26,959		$	(691	)

	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 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
-Topic 320
-SubTopic 10
-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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