Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

Amortized cost and fair value of securities at June 30, 2017, and December 31, 2016, were as follows:



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

SECURITIES AVAILABLE FOR SALE

JUNE 30, 2017
U.S. Government and agencies	$	83,914	$	33	$	1,063	$	82,884
Mortgage-backed securities, residential	27,022		687		44		27,665
State and municipal	16,261		185		22		16,424
Corporate bonds	5,000		104		—		5,104
CRA mutual fund	1,044		—		3		1,041
Stock in other banks	498		103		—		601
	$	133,739	$	1,112	$	1,132	$	133,719

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

JUNE 30, 2017
U.S. Government and agencies	$	21,009	$	30	$	57	$	20,982
Mortgage-backed securities, residential	29,079		150		211		29,018
	$	50,088	$	180	$	268	$	50,000
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 June 30, 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

JUNE 30, 2017
U.S. Government and agencies	$	70,784	$	1,063	$	—	$	—	$	70,784	$	1,063
Mortgage-backed securities, residential	3,109		44		—		—		3,109		44
State and municipal	2,408		22		—		—		2,408		22
CRA Mutual Fund	1,041		3		—		—		1,041		3
	$	77,342	$	1,132	$	—	$	—	$	77,342	$	1,132

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

JUNE 30, 2017
U.S. Government and agencies	$	16,952	$	57	$	—	$	—	$	16,952	$	57
Mortgage-backed securities, residential	17,620		211		—		—		17,620		211
	$	34,572	$	268	$	—	$	—	$	34,572	$	268

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 June 30, 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	$	2,101	$	2,103	$	4,009	$	4,001
Over 1 year through 5 years	87,739		86,994		17,000		16,981
Over 5 years through 10 years	15,335		15,315		—		—
Over 10 years	—		—		—		—
Mortgage-backed securities, residential	27,022		27,665		29,079		29,018
CRA mutual fund	1,044		1,041		—		—
Stock in other banks	498		601		—		—
	$	133,739	$	133,719	$	50,088	$	50,000