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SECURITIES AVAILABLE FOR SALE (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of Investment Securities Available for Sale

The following table summarizes amortized cost and fair value of AFS securities at March 31, 2017 and December 31, 2016, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI. At March 31, 2017 and December 31, 2016 all investment securities were classified as AFS.

(Dollars in thousands)	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
March 31, 2017
U.S. Government Agencies	$	8,541			$	0			$	50			$	8,491
States and political subdivisions	182,221				2,522				867				183,876
GSE residential MBSs	107,928				983				0				108,911
GSE residential CMOs	115,645				400				2,961				113,084
GSE commercial CMOs	5,144				0				205				4,939
Private label CMOs	4,220				5				27				4,198
Total debt securities	423,699				3,910				4,110				423,499
Equity securities	50				52				0				102
Totals	$	423,749			$	3,962			$	4,110			$	423,601
December 31, 2016
U.S. Government Agencies	$	39,569			$	147			$	124			$	39,592
States and political subdivisions	163,677				1,782				1,177				164,282
GSE residential MBSs	116,022				928				6				116,944
GSE residential CMOs	72,411				240				3,268				69,383
GSE commercial CMOs	5,148				0				292				4,856
Private label CMOs	5,042				0				36				5,006
Total debt securities	401,869				3,097				4,903				400,063
Equity securities	50				41				0				91
Totals	$	401,919			$	3,138			$	4,903			$	400,154

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

The following table summarizes AFS securities with unrealized losses at March 31, 2017 and December 31, 2016, aggregated by major security type and length of time in a continuous unrealized loss position.

	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, 2017
U.S. Government Agencies	$	0			$	0			$	8,491			$	50			$	8,491			$	50
States and political subdivisions	43,443				565				5,326				302				48,769				867
GSE residential CMOs	63,943				2,957				551				4				64,494				2,961
GSE commercial CMOs	4,939				205				0				0				4,939				205
Private label CMOs	0				0				2,009				27				2,009				27
Totals	$	112,325			$	3,727			$	16,377			$	383			$	128,702			$	4,110
December 31, 2016
U.S. Government Agencies	$	10,710			$	23			$	13,531			$	101			$	24,241			$	124
States and political subdivisions	58,924				610				5,075				567				63,999				1,177
GSE residential MBSs	5,034				6				0				0				5,034				6
GSE residential CMOs	59,534				3,264				634				4				60,168				3,268
GSE commercial CMOs	4,856				292				0				0				4,856				292
Private label CMOs	0				0				5,005				36				5,005				36
Totals	$	139,058			$	4,195			$	24,245			$	708			$	163,303			$	4,903

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

The following table summarizes amortized cost and fair value of AFS securities at March 31, 2017 by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Available for Sale
(Dollars in thousands)	Amortized Cost				Fair Value
Due in one year or less	$	15			$	15
Due after one year through five years	8,641				8,797
Due after five years through ten years	75,809				76,742
Due after ten years	106,297				106,813
MBSs and CMOs	232,937				231,132
Total debt securities	423,699				423,499
Equity securities	50				102
	$	423,749			$	423,601

Proceeds From Sale of Available for Sale Securities

The following table summarizes proceeds from sales of AFS securities and gross gains and gross losses for the three months ended March 31, 2017 and 2016.

	Three months ended March 31,
	2017				2016
Proceeds from sale of AFS securities	$	35,072,000			$	64,743,000
Gross gains	153,000				1,468,000
Gross losses	150,000				48,000

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

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-Section 50
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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.

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+ References

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