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Securities (Tables) | 9 Months Ended
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Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract] |
Schedule of amortized cost and fair value of securities | Amortized cost and fair value of securities at September 30, 2018, and December 31, 2017, were as follows:
In thousands |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
SECURITIES AVAILABLE FOR SALE |  |  |  |  |  |  |  |  |  |  |  |
SEPTEMBER 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  | $ | 125,594 |  |  | $ | — |  |  | $ | 3,518 |  |  | $ | 122,076 |
Mortgage-backed securities, residential |  | 31,676 |  |  | 107 |  |  | 692 |  |  | 31,091 |
State and municipal |  | 9,819 |  |  | 54 |  |  | 83 |  |  | 9,790 |
|  | $ | 167,089 |  |  | $ | 161 |  |  | $ | 4,293 |  |  | $ | 162,957 |
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 |
SECURITIES HELD TO MATURITY |  |  |  |  |  |  |  |  |  |  |  |
SEPTEMBER 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  | $ | 12,000 |  |  | $ | — |  |  | $ | 117 |  |  | $ | 11,883 |
Mortgage-backed securities, residential |  | 21,517 |  |  | — |  |  | 633 |  |  | 20,884 |
|  | $ | 33,517 |  |  | $ | — |  |  | $ | 750 |  |  | $ | 32,767 |
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 |
The required fair value disclosures are as follows:
In thousands |  | Fair Value at January 1, 2018 |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value at September 30, 2018
SEPTEMBER 30, 2018 |  |  |  |  |  |  |  |
Equity securities with a readily determinable fair value |  | $ | 1,793 |  |  | $ | 31 |  |  | $ | 81 |  |  | $ | 1,743 |
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 September 30, 2018, and December 31, 2017:
|  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SEPTEMBER 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  | $ | 44,842 |  |  | $ | 771 |  |  | $ | 76,734 |  |  | $ | 2,747 |  |  | $ | 121,576 |  |  | $ | 3,518 |
Mortgage-backed securities, residential |  | 20,998 |  |  | 493 |  |  | 4,517 |  |  | 199 |  |  | 25,515 |  |  | 692 |
State and municipal |  | 1,397 |  |  | 19 |  |  | 1,911 |  |  | 64 |  |  | 3,308 |  |  | 83 |
|  | $ | 67,237 |  |  | $ | 1,283 |  |  | $ | 83,162 |  |  | $ | 3,010 |  |  | $ | 150,399 |  |  | $ | 4,293 |
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 |
SECURITIES HELD TO MATURITY |  |  |  |  |  |  |  |  |  |  |  |
SEPTEMBER 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  | $ | 2,955 |  |  | $ | 45 |  |  | $ | 8,928 |  |  | $ | 72 |  |  | $ | 11,883 |  |  | $ | 117 |
Mortgage-backed securities, residential |  | 11,386 |  |  | 243 |  |  | 9,498 |  |  | 390 |  |  | 20,884 |  |  | 633 |
|  | $ | 14,341 |  |  | $ | 288 |  |  | $ | 18,426 |  |  | $ | 462 |  |  | $ | 32,767 |  |  | $ | 750 |
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 |
Schedule of amortized cost and fair value by contractual maturity | Amortized cost and fair value at September 30, 2018, 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 |  | $ | 10,050 |  |  | $ | 10,013 |  |  | $ | 6,000 |  |  | $ | 5,980 |
Over 1 year through 5 years |  | 121,477 |  |  | 118,020 |  |  | 6,000 |  |  | 5,903 |
Over 5 years through 10 years |  | 3,886 |  |  | 3,833 |  |  | — |  |  | — |
Over 10 years |  | — |  |  | — |  |  | — |  |  | — |
Mortgage-backed securities, residential |  | 31,676 |  |  | 31,091 |  |  | 21,517 |  |  | 20,884 |
|  | $ | 167,089 |  |  | $ | 162,957 |  |  | $ | 33,517 |  |  | $ | 32,767 |

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