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SECURITIES (Tables)

12 Months Ended

Dec. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

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

In thousands	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
SECURITIES AVAILABLE FOR SALE
December 31, 2017
U.S. Government and agencies	$	105,899			$	2			$	1,818			$	104,083
Mortgage-backed securities, residential	34,473				461				101				34,833
State and municipal	13,227				109				42				13,294
Corporate bonds	5,000				57				—				5,057
CRA mutual fund	1,044				—				9				1,035
Stock in other banks	647				102				—				749
	$	160,290			$	731			$	1,970			$	159,051
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
December 31, 2017
U.S. Government and agencies	$	19,000			$	2			$	99			$	18,903
Mortgage-backed securities, residential	25,829				55				238				25,646
	$	44,829			$	57			$	337			$	44,549
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 Loss on Investments

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 December 31, 2017 and 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
December 31, 2017
U.S. Government and agencies	$	42,775			$	445			$	58,279			$	1,373			$	101,054			$	1,818
Mortgage-backed securities, residential	7,228				56				2,845				45				10,073				101
State and municipal	1,042				8				1,950				34				2,992				42
CRA Mutual Fund	—				—				1,035				9				1,035				9
	$	51,045			$	509			$	64,109			$	1,461			$	115,154			$	1,970
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
December 31, 2017
U.S. Government and agencies	$	4,985			$	15			$	10,916			$	84			$	15,901			$	99
Mortgage-backed securities, residential	4,946				29				11,070				209				16,016				238
	$	9,931			$	44			$	21,986			$	293			$	31,917			$	337
December 31, 2016
U.S. Government and agencies	$	12,946			$	54			$	—			$	—			$	12,946			$	54
Mortgage-backed security, residential	12,956				325				—				—				12,956				325
	$	25,902			$	379			$	—			$	—			$	25,902			$	379

Investments Classified by Contractual Maturity Date

Amortized cost and fair value at December 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	$	8,651			$	8,635			$	12,000			$	11,949
Over 1 year through 5 years	102,487				100,911				7,000				6,954
Over 5 years through 10 years	12,917				12,817				—				—
Over 10 years	71				71				—				—
Mortgage-backed securities, residential	34,473				34,833				25,829				25,646
CRA mutual fund	1,044				1,035				—				—
Stock in other banks	647				749				—				—
	$	160,290			$	159,051			$	44,829			$	44,549

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563

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