Securities (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

Amortized cost and fair value of securities at March 31, 2017, and December 31, 2016, were as follows:



In thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

SECURITIES AVAILABLE FOR SALE

MARCH 31, 2017
U.S. Government and agencies	$	79,977	$	37	$	1,311	$	78,703
Mortgage-backed securities, residential	29,089		754		63		29,780
State and municipal	21,658		217		52		21,823
Corporate bonds	5,000		126		—		5,126
CRA mutual fund	1,044		—		9		1,035
Stock in other banks	498		134		—		632
	$	137,266	$	1,268	$	1,435	$	137,099

DECEMBER 31, 2016
U.S. Government and agencies	$	81,065	$	43	$	1,529	$	79,579
Mortgage-backed securities, residential	31,272		782		81		31,973
State and municipal	24,514		240		94		24,660
Corporate bonds	5,000		62		—		5,062
CRA mutual fund	1,044		—		9		1,035
Stock in other banks	498		183		—		681
	$	143,393	$	1,310	$	1,713	$	142,990

SECURITIES HELD TO MATURITY

MARCH 31, 2017
U.S. Government and agencies	$	23,013	$	31	$	50	$	22,994
Mortgage-backed securities, residential	30,781		196		310		30,667
	$	53,794	$	227	$	360	$	53,661
DECEMBER 31, 2016
U.S. Government and agencies	$	23,017	$	26	$	54	$	22,989
Mortgage-backed securities, residential	32,551		210		325		32,436
	$	55,568	$	236	$	379	$	55,425

Schedule of unrealized losses and fair value

The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2017, and December 31, 2016:



	Less than 12 Months				12 Months or More				Total
In thousands	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

SECURITIES AVAILABLE FOR SALE

MARCH 31, 2017
U.S. Government and agencies	$	72,666	$	1,311	$	—	$	—	$	72,666	$	1,311
Mortgage-backed securities, residential	3,200		63		—		—		3,200		63
State and municipal	3,037		52		—		—		3,037		52
CRA Mutual Fund	1,035		9		—		—		1,035		9
	$	79,938	$	1,435	$	—	$	—	$	79,938	$	1,435

DECEMBER 31, 2016
U.S. Government and agencies	$	71,454	$	1,529	$	—	$	—	$	71,454	$	1,529
Mortgage-backed securities, residential	8,966		81		—		—		8,966		81
State and municipal	4,933		94		—		—		4,933		94
CRA Mutual Fund	1,035		9		—		—		1,035		9
	$	86,388	$	1,713	$	—	$	—	$	86,388	$	1,713

SECURITIES HELD TO MATURITY

MARCH 31, 2017
U.S. Government and agencies	$	11,950	$	50	$	—	$	—	$	11,950	$	50
Mortgage-backed securities, residential	13,432		310		—		—		13,432		310
	$	25,382	$	360	$	—	$	—	$	25,382	$	360

DECEMBER 31, 2016
U.S. Government and agencies	$	12,946	$	54	$	—	$	—	$	12,946	$	54
Mortgage-backed securities, residential	12,956		325		—		—		12,956		325
	$	25,902	$	379	$	—	$	—	$	25,902	$	379

Schedule of amortized cost and fair value by contractual maturity

Amortized cost and fair value at March 31, 2017, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.



	Available for Sale				Held to Maturity
In thousands	Amortized Cost		Fair Value		Amortized Cost		Fair Value

1 year or less	$	2,638	$	2,653	$	6,013	$	6,003
Over 1 year through 5 years	85,545		84,650		17,000		16,991
Over 5 years through 10 years	18,452		18,349		—		—
Over 10 years	—		—		—		—
Mortgage-backed securities, residential	29,089		29,780		30,781		30,667
CRA mutual fund	1,044		1,035		—		—
Stock in other banks	498		632		—		—
	$	137,266	$	137,099	$	53,794	$	53,661