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INVESTMENT SECURITIES | 12 Months Ended
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Dec. 31, 2017
INVESTMENT SECURITIES [Abstract] |
INVESTMENT SECURITIES | NOTE 3. INVESTMENT SECURITIES The following table provides information on the amortized cost and estimated fair values of investment securities. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Gross |  | Gross |  | Estimated
﻿ |  | Amortized |  | Unrealized |  | Unrealized |  | Fair
﻿(Dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Value
﻿Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 45,806 |  | $ | 23 |  | $ | 497 |  | $ | 45,332
﻿Mortgage-backed |  |  | 152,198 |  |  | 157 |  |  | 1,390 |  |  | 150,965
﻿Equity |  |  | 666 |  |  | - |  |  | 8 |  |  | 658
﻿Total |  | $ | 198,670 |  | $ | 180 |  | $ | 1,895 |  | $ | 196,955
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 34,320 |  | $ | 56 |  | $ | 58 |  | $ | 34,318
﻿Mortgage-backed |  |  | 130,490 |  |  | 263 |  |  | 1,809 |  |  | 128,944
﻿Equity |  |  | 652 |  |  | - |  |  | 12 |  |  | 640
﻿Total |  | $ | 165,462 |  | $ | 319 |  | $ | 1,879 |  | $ | 163,902
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 1,844 |  | $ | 21 |  | $ | - |  | $ | 1,865
﻿States and political subdivisions |  |  | 1,403 |  |  | 47 |  |  | - |  |  | 1,450
﻿Other Debt Securities (1) |  |  | 3,000 |  |  | 76 |  |  | - |  |  | 3,076
﻿Total |  | $ | 6,247 |  | $ | 144 |  | $ | - |  | $ | 6,391
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 2,089 |  | $ | 26 |  | $ | - |  | $ | 2,115
﻿States and political subdivisions |  |  | 1,615 |  |  | 76 |  |  | - |  |  | 1,691
﻿Other Debt Securities (1) |  |  | 3,000 |  |  | - |  |  | - |  |  | 3,000
﻿Total |  | $ | 6,704 |  | $ | 102 |  | $ | - |  | $ | 6,806
﻿
| (1) |  | On December 15, 2016 the Company bought $3.0 million in subordinated notes from a local regional bank which it intends to hold to maturity of December 30, 2026.
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ The following table provides information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at December 31, 201 7. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Less than |  | More than |  |  |  |  |  |
﻿ |  | 12 Months |  | 12 Months |  | Total
﻿ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
﻿(Dollars in thousands) |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
﻿December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 37,550 |  | $ | 453 |  | $ | 5,956 |  | $ | 44 |  | $ | 43,506 |  | $ | 497
﻿Mortgage-backed |  |  | 96,622 |  |  | 700 |  |  | 28,215 |  |  | 690 |  |  | 124,837 |  |  | 1,390
﻿Equity securities |  |  | - |  |  | - |  |  | 666 |  |  | 8 |  |  | 666 |  |  | 8
﻿Total |  | $ | 134,172 |  | $ | 1,153 |  | $ | 34,837 |  | $ | 742 |  | $ | 169,009 |  | $ | 1,895
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Less than |  | More than |  |  |  |  |  |
﻿ |  | 12 Months |  | 12 Months |  | Total
﻿ |  | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
﻿(Dollars in thousands) |  | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 11,926 |  | $ | 58 |  | $ | - |  | $ | 104 |  | $ | 11,926 |  | $ | 162
﻿Mortgage-backed |  |  | 100,237 |  |  | 1,546 |  |  | 9,208 |  |  | 263 |  |  | 109,445 |  |  | 1,809
﻿Equity securities |  |  | 640 |  |  | 12 |  |  | - |  |  | - |  |  | 640 |  |  | 12
﻿Total |  | $ | 112,803 |  | $ | 1,616 |  | $ | 9,208 |  | $ | 367 |  | $ | 122,011 |  | $ | 1,983
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 2,115 |  | $ | 78 |  | $ | - |  | $ | - |  | $ | 2,115 |  | $ | 78
﻿ All of the securities with unrealized losses in the portfolio have modest duration risk, low credit risk, and minimal losses when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since original purchase and are not related to credit concerns. Because the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be at maturity for debt securities, the Company considers the unrealized losses to be temporary. There were seventy-two securities in an unrealized loss position at December 31, 2017. ﻿ The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at December 31, 201 7. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Available for sale |  | Held to maturity
﻿ |  | Amortized |  |  |  | Amortized |  |
﻿(Dollars in thousands) |  | Cost |  | Fair Value |  | Cost |  | Fair Value
﻿Due in one year or less |  | $ | 11,002 |  | $ | 10,969 |  | $ | - |  | $ | -
﻿Due after one year through five years |  |  | 34,964 |  |  | 34,475 |  |  | 902 |  |  | 935
﻿Due after five years through ten years |  |  | 39,573 |  |  | 39,252 |  |  | 501 |  |  | 515
﻿Due after ten years |  |  | 112,465 |  |  | 111,601 |  |  | 4,844 |  |  | 4,941
﻿ |  |  | 198,004 |  |  | 196,297 |  |  | 6,247 |  |  | 6,391
﻿Equity securities |  |  | 666 |  |  | 658 |  |  | - |  |  | -
﻿Total |  | $ | 198,670 |  | $ | 196,955 |  | $ | 6,247 |  | $ | 6,391
The maturity dates for debt securities are determined using contractual maturity dates. The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase. All pledged securities are in the available-for-sale investment portfolio. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2017 |  | December 31, 2016
﻿ |  | Amortized |  |  |  | Amortized |  |
﻿(Dollars in thousands) |  | Cost |  | Fair Value |  | Cost |  | Fair Value
﻿Pledged available-for-sale securities |  | $ | 131,035 |  | $ | 129,880 |  | $ | 140,042 |  | $ | 138,875
There were no obligations of states or political subdivisions with carrying values, as to any issuer, exceeding 10% of stockhold ers’ equity at December 31, 2017 or 2016. Proceeds from sales of investment securities were $0, $4.0 million, and $0 for the years ended December 31, 2017, 2016, and 2015, respectively. Gross gains from sales and calls of investment securities were $5 thousand, $30 thousand and $0 for the years ended December 31, 2017, 2016, and 2015, respectively. There were no gross losses in 2017, 2016 and 201 5.

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