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SECURITIES AVAILABLE FOR SALE (Tables)

3 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of Investment Securities Available for Sale

The amortized cost and fair values of investment securities available for sale at March 31, 2016 and December 31, 2015 were:

(Dollars in thousands)	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
March 31, 2016
U.S. Government Agencies	$	45,072			$	188			$	121			$	45,139
States and political subdivisions	124,302				5,246				367				129,181
U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities	129,219				1,556				0				130,775
GSE residential collateralized mortgage obligations (CMOs)	14,040				384				20				14,404
Private label CMOs	8,086				0				68				8,018
Total debt securities	320,719				7,374				576				327,517
Equity securities	50				23				0				73
Totals	$	320,769			$	7,397			$	576			$	327,590
December 31, 2015
U.S. Government Agencies	$	47,209			$	200			$	182			$	47,227
States and political subdivisions	124,421				2,483				943				125,961
GSE residential mortgage-backed securities	132,389				229				269				132,349
GSE residential CMOs	15,668				215				40				15,843
GSE commercial CMOs	63,598				735				563				63,770
Private label CMOs	8,944				0				43				8,901
Total debt securities	392,229				3,862				2,040				394,051
Equity securities	50				23				0				73
Totals	$	392,279			$	3,885			$	2,040			$	394,124

Gross Unrealized Losses and Fair Value of Company's Available for Sale Securities

The following table shows gross unrealized losses and fair value of the Company’s available for sale securities that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2016 and December 31, 2015:

	Less Than 12 Months								12 Months or More								Total
(Dollars in thousands)	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
March 31, 2016
U.S. Government Agencies	$	19,951			$	121			$	0			$	0			$	19,951			$	121
States and political subdivisions	1,205				2				5,313				365				6,518				367
GSE residential collateralized mortgage obligations (CMOs)	0				0				2,555				20				2,555				20
Private label CMOs	8,018				68				0				0				8,018				68
Total temporarily impaired securities	$	29,174			$	191			$	7,868			$	385			$	37,042			$	576
December 31, 2015
U.S. Government Agencies	$	27,640			$	182			$	0			$	0			$	27,640			$	182
States and political subdivisions	30,252				373				14,139				570				44,391				943
GSE residential mortgage-backed securities	82,911				269				0				0				82,911				269
GSE residential CMOs	0				0				4,237				40				4,237				40
GSE commercial CMOs	33,606				563				0				0				33,606				563
Private label CMOs	8,901				43				0				0				8,901				43
Total temporarily impaired securities	$	183,310			$	1,430			$	18,376			$	610			$	201,686			$	2,040

Schedule of Amortized Cost and Fair Values of Securities Available for Sale by Contractual Maturity

The amortized cost and fair values of securities available for sale at March 31, 2016 by contractual maturity are shown below. Contractual maturities will differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available for Sale
(Dollars in thousands)	Amortized Cost				Fair Value
Due in one year or less	$	365			$	366
Due after one year through five years	3,232				3,381
Due after five years through ten years	62,821				65,147
Due after ten years	102,956				105,426
Mortgage-backed securities and collateralized mortgage obligations	151,345				153,197
Total debt securities	320,719				327,517
Equity securities	50				73
	$	320,769			$	327,590

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=73527792&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=73527792&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=73527792&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=73527792&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=73527792&loc=d3e27290-111563

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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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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: 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=73527792&loc=d3e27290-111563

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