XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Securities, Available for Sale (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract] |
Schedule of available-for-sale securities reconciliation | The following tables present the Company's investments in available for sale securities:
| As of September 30, 2016
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 7,652 |  |  | $ | 152 |  |  | $ | (2 | ) |  | $ | 7,802 |
Obligations of state and political subdivisions | 56,979 |  |  | 1,140 |  |  | (48 | ) |  | 58,071 |
Corporate securities | 65,783 |  |  | 1,019 |  |  | (36 | ) |  | 66,766 |
Asset backed securities | 1,459 |  |  | 54 |  |  | — |  |  | 1,513 |
Certificates of deposit | 893 |  |  | — |  |  | — |  |  | 893 |
Equity securities | 817 |  |  | 25 |  |  | (2 | ) |  | 840 |
Obligations of foreign governments | 1,273 |  |  | 37 |  |  | — |  |  | 1,310 |
Total | $ | 134,856 |  |  | $ | 2,427 |  |  | $ | (88 | ) |  | $ | 137,195 |
| As of December 31, 2015
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 53,274 |  |  | $ | 83 |  |  | $ | (221 | ) |  | $ | 53,136 |
Obligations of state and political subdivisions | 51,942 |  |  | 466 |  |  | (73 | ) |  | 52,335 |
Corporate securities | 68,400 |  |  | 89 |  |  | (651 | ) |  | 67,838 |
Asset backed securities | 1,525 |  |  | 4 |  |  | — |  |  | 1,529 |
Certificates of deposit | 893 |  |  | — |  |  | — |  |  | 893 |
Equity securities | 6,081 |  |  | 106 |  |  | (79 | ) |  | 6,108 |
Obligations of foreign governments | 2,931 |  |  | — |  |  | (67 | ) |  | 2,864 |
Total | $ | 185,046 |  |  | $ | 748 |  |  | $ | (1,091 | ) |  | $ | 184,703 |
Schedule of available-for-sale securities, continuous unrealized loss position | The following tables summarize the gross unrealized losses on available for sale securities in an unrealized loss position:
| As of September 30, 2016
| Less Than or Equal to One Year |  | More Than One Year
| Fair value |  | Gross unrealized losses |  | # of Securities |  | Fair value |  | Gross unrealized losses |  | # of Securities
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 526 |  |  | $ | (1 | ) |  | 13 |  |  | $ | 33 |  |  | $ | (1 | ) |  | 7 |
Obligations of state and political subdivisions | 14,962 |  |  | (48 | ) |  | 60 |  |  | — |  |  | — |  |  | — |
Corporate securities | 11,163 |  |  | (34 | ) |  | 139 |  |  | 86 |  |  | (2 | ) |  | 4 |
Equity securities | — |  |  | — |  |  | — |  |  | 19 |  |  | (2 | ) |  | 2 |
Total | $ | 26,651 |  |  | $ | (83 | ) |  | 212 |  |  | $ | 138 |  |  | $ | (5 | ) |  | 13 |
| As of December 31, 2015
| Less Than or Equal to One Year |  | More Than One Year
| Fair value |  | Gross unrealized losses |  | # of Securities |  | Fair value |  | Gross unrealized losses |  | # of Securities
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 35,588 |  |  | $ | (221 | ) |  | 146 |  |  | $ | — |  |  | $ | — |  |  | — |
Obligations of state and political subdivisions | 18,500 |  |  | (59 | ) |  | 45 |  |  | 400 |  |  | (14 | ) |  | 2 |
Corporate securities | 56,373 |  |  | (634 | ) |  | 302 |  |  | 267 |  |  | (17 | ) |  | 6 |
Equity securities | 1,998 |  |  | (79 | ) |  | 8 |  |  | — |  |  | — |  |  | — |
Obligations of foreign governments | 2,863 |  |  | (67 | ) |  | 18 |  |  | — |  |  | — |  |  | — |
Total | $ | 115,322 |  |  | $ | (1,060 | ) |  | 519 |  |  | $ | 667 |  |  | $ | (31 | ) |  | 8 |
Schedule of amortized cost and fair value by contractual maturity date | The amortized cost and fair values of investments in debt securities, by contractual maturity date, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Excluded from this table are equity securities since they have no contractual maturity.
| As of
| September 30, 2016 |  | December 31, 2015
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in one year or less | $ | 18,247 |  |  | $ | 18,240 |  |  | $ | 20,347 |  |  | $ | 20,319 |
Due after one year through five years | 64,291 |  |  | 64,959 |  |  | 76,967 |  |  | 76,578 |
Due after five years through ten years | 45,947 |  |  | 47,449 |  |  | 56,133 |  |  | 56,240 |
Due after ten years | 4,095 |  |  | 4,194 |  |  | 23,993 |  |  | 23,929 |
Asset backed securities | 1,459 |  |  | 1,513 |  |  | 1,525 |  |  | 1,529 |
Total | $ | 134,039 |  |  | $ | 136,355 |  |  | $ | 178,965 |  |  | $ | 178,595 |
Available-for-sale Securities [Table Text Block] | The following table presents additional information on the Company’s available for sale securities:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Purchases of available for sale securities | $ | 12,799 |  |  | $ | 33,324 |  |  | $ | 22,477 |  |  | $ | 61,697 |
Proceeds from maturities, calls and prepayments of available for sale securities | $ | 4,483 |  |  | $ | 12,187 |  |  | $ | 26,086 |  |  | $ | 28,592 |
Gains (losses) realized on maturities, calls and prepayments of available for sale securities | $ | (14 | ) |  | $ | (56 | ) |  | $ | 83 |  |  | $ | (60 | )
Gross proceeds from sales of available for sale securities | $ | 35,069 |  |  | $ | 9,105 |  |  | $ | 45,928 |  |  | $ | 10,838 |
Gains (losses) realized on sales of available for sale securities | $ | 974 |  |  | $ | — |  |  | $ | 1,016 |  |  | $ | 4 |

X
- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration