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:

	2015
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government and federal agency	$	57,406	$	30	$	(229	)	$	57,207
U.S. Treasury notes and bonds		6,133		—		(33	)		6,100
State and municipal		76,005		1,858		(109	)		77,754
Mortgage-backed		6,989		26		(45	)		6,970
Corporate		8,418		8		(39	)		8,387
Foreign debt		1,000		—		(5	)		995
Equity securities		2,279		174		—			2,453
Asset-backed securities		274		—		(4	)		270
Total	$	158,504	$	2,096	$	(464	)	$	160,136

	2014
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair 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

Schedule of expected maturities of available for sale securities

Contractual maturities of securities available for sale at December 31, 2015 were as follows:

(Dollars in thousands)		Fair Value

Due within one year	$	24,173
Due after one year through five years		94,705
Due after five years through ten years		35,831
Due after ten years		2,974
Total debt securities		157,683
Equity securities		2,453
Total	$	160,136

Schedule of securities in a continuous unrealized loss position

Securities with unrealized losses at year-end 2015 and 2014, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:


	2015
	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 and federal agency	$	38,567	$	(216	)	$	986	$	(13	)	$	39,553	$	(229	)
U.S. Treasury notes and bonds		6,101		(33	)		—		—			6,101		(33	)
State and municipal		10,382		(69	)		2,906		(40	)		13,288		(109	)
Mortgage-backed		4,459		(41	)		382		(4	)		4,841		(45	)
Corporate		4,284		(33	)		896		(6	)		5,180		(39	)
Foreign debt		995		(5	)		—		—			995		(5	)
Asset-backed securities		—		—			270		(4	)		270		(4	)
Total temporarily impaired	$	64,788	$	(397	)	$	5,440	$	(67	)	$	70,228	$	(464	)


	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 and federal agency	$	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	)