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SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI. At June 30, 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
June 30, 2017
U.S. Government Agencies	$	7,311			$	23			$	0			$	7,334
States and political subdivisions	159,185				4,640				394				163,431
GSE residential MBSs	103,590				1,186				0				104,776
GSE residential CMOs	113,339				705				1,723				112,321
GSE commercial CMOs	5,141				0				168				4,973
Private label CMOs	3,542				18				20				3,540
Asset-backed	5,418				0				0				5,418
Total debt securities	397,526				6,572				2,305				401,793
Equity securities	50				61				0				111
Totals	$	397,576			$	6,633			$	2,305			$	401,904
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 June 30, 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)	# of Securities		Fair Value				Unrealized Losses				# of Securities		Fair Value				Unrealized Losses				# of Securities		Fair Value				Unrealized Losses
June 30, 2017
States and political subdivisions	9		$	19,752			$	246			1		$	5,469			$	148			10		$	25,221			$	394
GSE residential CMOs	6		57,391				1,638				2		2,781				85				8		60,172				1,723
GSE commercial CMOs	1		4,973				168				0		0				0				1		4,973				168
Private label CMOs	0		0				0				1		1,268				20				1		1,268				20
Totals	16		$	82,116			$	2,052			4		$	9,518			$	253			20		$	91,634			$	2,305
December 31, 2016
U.S. Government Agencies	6		$	10,710			$	23			2		$	13,531			$	101			8		$	24,241			$	124
States and political subdivisions	25		58,924				610				1		5,075				567				26		63,999				1,177
GSE residential MBSs	1		5,034				6				0		0				0				1		5,034				6
GSE residential CMOs	6		59,534				3,264				1		634				4				7		60,168				3,268
GSE commercial CMOs	1		4,856				292				0		0				0				1		4,856				292
Private label CMOs	0		0				0				3		5,005				36				3		5,005				36
Totals	39		$	139,058			$	4,195			7		$	24,245			$	708			46		$	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 June 30, 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	11,734				11,990
Due after five years through ten years	59,744				61,267
Due after ten years	95,003				97,493
MBSs and CMOs	225,612				225,610
Asset-backed	5,418				5,418
Total debt securities	397,526				401,793
Equity securities	50				111
	$	397,576			$	401,904

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 and six months ended March 31, 2017 and 2016.

	Three months ended June 30,								Six months ended June 30,
(Dollars in thousands)	2017				2016				2017				2016
Proceeds from sale of AFS securities	$	23,581			$	0			$	58,653			$	64,743
Gross gains	654				0				807				1,468
Gross losses	0				0				150				48

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803

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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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