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:

	2016
			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
U.S. Government and federal agency	$	59,864	$	34	$	(846	)	$	59,052
U.S. Treasury notes and bonds		4,111		—		(39	)		4,072
State and municipal		89,169		748		(944	)		88,973
Mortgage-backed		7,925		19		(155	)		7,789
Corporate		7,069		12		(40	)		7,041
Foreign debt		4,514		—		(114	)		4,400
Equity securities		2,617		266		—			2,883
Asset-backed securities		182		—		(4	)		178
Total	$	175,451	$	1,079	$	(2,142	)	$	174,388

	2015
			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			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

Schedule of contractual maturities of available for sale securities

Contractual maturities of securities available for sale at December 31, 2016 were as follows:

(Dollars in thousands)	Amortized		Fair
	Cost		Value
Due within one year	$	34,174	$	33,879
Due after one year through five years		89,413		89,204
Due after five years through ten years		37,153		36,514
Due after ten years		4,168		4,119
Total debt securities		164,908		163,716
Mortgage-backed securities		7,925		7,789
Equity securities		2,883		2,883
Total	$	175,716	$	174,388

Schedule of securities in a continuous unrealized loss position

Securities with unrealized losses at year-end 2016 and 2015, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

	2016
	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	$	46,283	$	(846	)	$	—	$	—		$	46,283	$	(846	)
U.S. Treasury notes and bonds		4,072		(39	)		—		—			4,072		(39	)
State and municipal		47,832		(944	)		—		—			47,832		(944	)
Mortgage-backed		5,980		(150	)		251		(5	)		6,231		(155	)
Corporate		2,838		(40	)		—		—			2,838		(40	)
Foreign debt		4,400		(114	)		—		—			4,400		(114	)
Asset-backed securities		—		—			178		(4	)		178		(4	)
Total temporarily impaired	$	111,405	$	(2,133	)	$	429	$	(9	)	$	111,834	$	(2,142	)

	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	)