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Securities (Tables)

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

		(In Thousands)
		2015
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-Sale:
U.S. Treasury		$	38,778			$	36			$	(309	)		$	38,505
U.S. Government agencies			99,000				55				(835	)			98,220
Mortgage-backed securities			26,157				283				(116	)			26,324
State and local governments			70,858				1,290				(82	)			72,066
Total available-for-sale securities		$	234,793			$	1,664			$	(1,342	)		$	235,115

		(In Thousands)
		2014
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-Sale:
U.S. Treasury		$	25,833			$	—			$	(440	)		$	25,393
U.S. Government agencies			120,154				391				(1,311	)			119,234
Mortgage-backed securities			29,067				557				(62	)			29,562
State and local governments			72,765				1,671				(133	)			74,303
Total available-for-sale securities		$	247,819			$	2,619			$	(1,946	)		$	248,492

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

Information pertaining to securities with gross unrealized losses at December 31, 2015 and 2014, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

		2015
		(In Thousands) Less Than Twelve Months								(In Thousands) Twelve Months & Over
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value
U.S. Treasury		$	(142	)		$	23,241			$	(167	)		$	10,195
U.S. Government agencies			(635	)			68,957				(200	)			9,793
Mortgage-backed securities			(60	)			6,331				(56	)			3,580
State and local governments			(54	)			7,920				(28	)			1,725
Total available-for-sales securities		$	(891	)		$	106,449			$	(451	)		$	25,293
		2014
		(In Thousands) Less Than Twelve Months								(In Thousands) Twelve Months & Over
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value
U.S. Treasury		$	—			$	—			$	(440	)		$	25,393
U.S. Government agencies			(1	)			5,458				(1,310	)			82,803
Mortgage-backed securities			—				—				(62	)			7,900
State and local governments			(31	)			3,442				(102	)			7,756
Total available-for-sales securities		$	(32	)		$	8,900			$	(1,914	)		$	123,852

Gross Realized Gains and Losses

gross realized gains and losses for the years ended December 31, as presented below:

		(In Thousands)
		2015				2014				2013
Gross realized gains		$	451			$	638			$	839
Gross realized losses			—				(144	)			(64	)
Net realized gains		$	451			$	494			$	775
Tax expense related to net realized gains		$	153			$	168			$	264

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

		(In Thousands)
		Amortized Cost				Fair Value
One year or less		$	13,812			$	13,862
After one year through five years			152,266				151,894
After five years through ten years			35,674				35,953
After ten years			6,884				7,082
Total		$	208,636			$	208,791
Mortgage-backed securities			26,157				26,324
Total		$	234,793			$	235,115

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- Definition

Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities.

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Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563

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-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

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-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563

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-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

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