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Securities Available-For-Sale (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

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

The following tables present information related to the Company’s securities at September 30, 2017 and December 31, 2016:

					Gross			Gross
		Amortized			Unrealized			Unrealized				Fair
September 30, 2017		Cost			Gains			Losses				Value
		(dollars in thousands)
Federal agency obligations		$	55,819		$	290		$	(171	)		$	55,938
Residential mortgage pass-through securities			133,517			668			(1,021	)			133,164
Commercial mortgage pass-through securities			4,088			42			-				4,130
Obligations of U.S. states and political subdivisions			143,787			2,233			(1,044	)			144,976
Trust preferred securities			4,576			122			(71	)			4,627
Corporate bonds and notes			30,052			255			(219	)			30,088
Asset-backed securities			12,605			66			(38	)			12,633
Certificates of deposit			622			5			-				627
Equity securities			376			254			-				630
Other securities			13,976			-			(273	)			13,703
Total securities available-for-sale		$	399,418		$	3,935		$	(2,837	)		$	400,516
					Gross			Gross
		Amortized			Unrealized			Unrealized				Fair
December 31, 2016		Cost			Gains			Losses				Value
		(dollars in thousands)
Federal agency obligations		$	52,826		$	282		$	(271	)		$	52,837
Residential mortgage pass-through securities			72,922			519			(944	)			72,497
Commercial mortgage pass-through securities			4,186			23			-				4,209
Obligations of U.S. states and political subdivisions			148,747			2,789			(931	)			150,605
Trust preferred securities			5,575			242			(151	)			5,666
Corporate bonds and notes			36,717			586			(375	)			36,928
Asset-backed securities			14,867			2			(286	)			14,583
Certificates of deposit			973			10			-				983
Equity securities			376			192			-				568
Other securities			14,739			-			(325	)			14,414
Total securities available-for-sale		$	351,928		$	4,645		$	(3,283	)		$	353,290

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents information for securities at September 30, 2017, 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, 2017
		Amortized			Fair
		Cost			Value
		(dollars in thousands)
Securities available-for-sale:
Due in one year or less		$	6,775		$	6,801
Due after one year through five years			30,824			31,197
Due after five years through ten years			39,489			40,174
Due after ten years			170,373			170,717
Residential mortgage pass-through securities			133,517			133,164
Commercial mortgage pass-through securities			4,088			4,130
Equity securities			376			630
Other securities			13,976			13,703
Total		$	399,418		$	400,516

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

Gross gains and losses from the sales, calls and maturities of securities for periods presented were as follows (dollars in thousands):

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2017			2016			2017			2016
Net gains on sales of securities, after tax		$	-		$	78,680		$	29,543		$	85,253
Gross gains on sales of securities			-			4,131			1,596			4,234
Gross losses on sales of securities			-			-			-			-
Net gains on sales of securities			-			4,131			1,596			4,234
Less: tax provision on net gains			-			1,640			579			1,682
Net gains on sales of securities, after tax		$	-		$	2,491		$	1,017		$	2,552

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, 2017 and December 31, 2016:

		September 30, 2017
		Total							Less than 12 Months							12 Months or Longer
		Fair			Unrealized				Fair			Unrealized				Fair			Unrealized
		Value			Losses				Value			Losses				Value			Losses
		(dollars in thousands)
Federal agency obligation		$	21,451		$	(171	)		$	17,679		$	(116	)		$	3,772		$	(55	)
Residential mortgage pass-through securities			77,391			(1,021	)			49,079			(457	)			28,312			(564	)
Obligations of U.S. states and political subdivisions			54,073			(1,044	)			47,016			(829	)			7,057			(215	)
Trust preferred securities			1,507			(71	)			-			-				1,507			(71	)
Corporate bonds and notes			13,123			(219	)			3,946			(38	)			9,177			(181	)
Asset-backed securities			7,929			(38	)			-			-				7,929			(38	)
Other securities			11,193			(273	)			5,911			(56	)			5,282			(217	)
Total temporarily impaired securities		$	186,667		$	(2,837	)		$	123,631		$	(1,496	)		$	63,036		$	(1,341	)

		December 31, 2016
		Total							Less than 12 Months							12 Months or Longer
		Fair			Unrealized				Fair			Unrealized				Fair			Unrealized
		Value			Losses				Value			Losses				Value			Losses
		(dollars in thousands)
Federal agency obligation		$	22,672		$	(271	)		$	21,416		$	(262	)		$	1,256		$	(9	)
Residential mortgage pass-through securities			50,136			(944	)			49,817			(937	)			319			(7	)
Obligations of U.S. states and political subdivisions			52,307			(931	)			52,307			(931	)			-			-
Trust preferred securities			1,427			(151	)			-			-				1,427			(151	)
Corporate bonds and notes			15,930			(375	)			7,671			(265	)			8,259			(110	)
Asset-backed securities			13,404			(286	)			3,743			(88	)			9,661			(198	)
Other securities			11,467			(325	)			-			-				11,467			(325	)
Total temporarily impaired securities		$	167,343		$	(3,283	)		$	134,954		$	(2,483	)		$	32,389		$	(800	)

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
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