Schedule of fair value of securities available for sale

The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at December 31 were as follows:

	2014
			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
U.S. Government and federal agency	$	44,584	$	77	$	(158	)	$	44,503
U.S. Treasury notes and bonds		8,077		11		(30	)		8,058
State and municipal		68,376		1,697		(238	)		69,835
Mortgage-backed		8,896		68		(22	)		8,942
Corporate		7,529		25		(16	)		7,538
Foreign debt		1,000		—		(6	)		994
Equity securities		2,280		—		(5	)		2,275
Asset-backed securities		378		—		(2	)		376
Total	$	141,120	$	1,878	$	(477	)	$	142,521

	2013
			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
U.S. Government and federal agency	$	44,059	$	166	$	(503	)	$	43,722
U.S. Treasury notes and bonds		7,285		17		(78	)		7,224
State and municipal		64,215		1,622		(1,062	)		64,775
Mortgage-backed		8,541		95		(166	)		8,470
Corporate		8,805		61		(51	)		8,815
Foreign debt		1,000		—		(10	)		990
Equity securities		1,707		7		(111	)		1,603
Asset-backed securities		486		—		(3	)		483
Total	$	136,098	$	1,968	$	(1,984	)	$	136,082

Schedule of expected maturities of available for sale securities

Contractual maturities of securities available for sale at December 31, 2014 were as follows:

(Dollars in thousands)	Fair
	Value
Due within one year	$	18,995
Due after one year through five years		81,029
Due after five years through ten years		33,141
Due after ten years		7,081
Total debt securities		140,246
Equity securities		2,275
Total	$	142,521

Schedule of securities in a continuous unrealized loss position

Securities with unrealized losses at year-end 2014 and 2013, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, were as follows:

	2014
	Less than 12 months					More than 12 months					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. Government agencies	$	11,323	$	(26	)	$	13,005	$	(132	)	$	24,328	$	(158	)
U.S. Treasury notes and bonds		—		—			2,089		(30	)		2,089		(30	)
State and municipal		8,463		(59	)		8,977		(179	)		17,440		(238	)
Mortgage-backed		989		(4	)		1,535		(18	)		2,524		(22	)
Corporate		2,054		(7	)		1,393		(9	)		3,447		(16	)
Foreign debt		—		—			994		(6	)		994		(6	)
Equity securities		1,000		(5	)		—		—			1,000		(5	)
Asset-backed securities		—		—			376		(2	)		376		(2	)
Total temporarily impaired	$	23,829	$	(101	)	$	28,369	$	(376	)	$	52,198	$	(477	)

	2013
	Less than 12 months					More than 12 months					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. Government agencies	$	25,104	$	(503	)	$	—	$	—		$	25,104	$	(503	)
U.S. Treasury notes and bonds		5,190		(78	)		—		—			5,190		(78	)
State and municipal		19,532		(740	)		5,030		(322	)		24,562		(1,062	)
Mortgage-backed		6,380		(166	)		—		—			6,380		(166	)
Corporate		2,823		(51	)		398		—			3,221		(51	)
Foreign debt		990		(10	)		—		—			990		(10	)
Equity securities		1,096		(111	)		—		—			1,096		(111	)
Asset-backed securities		—		—			483		(3	)		483		(3	)
Total temporarily impaired	$	61,115	$	(1,659	)	$	5,911	$	(325	)	$	67,026	$	(1,984	)