Securities (Tables)

3 Months Ended

Mar. 31, 2018

Investments Debt And Equity Securities [Abstract]

The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows:

March 31, 2018	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	29,989	$	89	$	(281	)	$	29,797
Obligations of states and political subdivisions		115,754		2,570		(661	)		117,663
Mortgage-backed securities in government sponsored entities		87,832		279		(1,529	)		86,582
Total debt securities	$	233,575	$	2,938	$	(2,471	)	$	234,042

December 31, 2017	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities and obligations of U.S. government agencies	$	30,450	$	100	$	(192	)	$	30,358
Obligations of states and political subdivisions		114,002		4,226		(172	)		118,056
Mortgage-backed securities in government sponsored entities		82,098		408		(690	)		81,816
Total debt securities	$	226,550	$	4,734	$	(1,054	)	$	230,230

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2018, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities and equity securities are shown separately.

Available for sale	Amortized Cost		Fair Value
Due in one year or less	$	13,831	$	13,776
Due after one year through five years		22,569		22,474
Due after five years through ten years		31,666		32,835
Due after ten years		77,677		78,375
Mortgage-backed securities		87,832		86,582
Total securities available for sale	$	233,575	$	234,042

Securities with Unrealized Losses Not Recognized in Income

Securities with unrealized losses at March 31, 2018 and December 31, 2017 not recognized in income are as follows:

March 31, 2018	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	17,342	$	(158	)	$	9,438	$	(123	)	$	26,780	$	(281	)
Obligations of states and political subdivisions		27,137		(410	)		7,168		(251	)		34,305		(661	)
Mortgage-backed securities in gov’t sponsored entities		50,236		(807	)		20,926		(722	)		71,162		(1,529	)
Total temporarily impaired	$	94,715	$	(1,375	)	$	37,532	$	(1,096	)	$	132,247	$	(2,471	)

December 31, 2017	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of U.S. government agencies	$	20,449	$	(100	)	$	6,617	$	(92	)	$	27,066	$	(192	)
Obligations of states and political subdivisions		4,057		(41	)		7,309		(131	)		11,366		(172	)
Mortgage-backed securities in gov’t sponsored entities		29,534		(195	)		22,199		(495	)		51,733		(690	)
Total temporarily impaired	$	54,040	$	(336	)	$	36,125	$	(718	)	$	90,165	$	(1,054	)

Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments

The following table presents the net gains and losses on equity investments recognized in earnings at March 31, 2018, and the portion of unrealized gains and losses for the period that relates to equity investments held at March 31, 2018:

Net gains (losses) recognized in equity securities during the period	$	40
Less: Net gains (losses) realized on the sale of equity securities during the period		—
Unrealized gains (losses) recognized in equity securities held at reporting date	$	40

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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