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Securities (Tables)

12 Months Ended

Dec. 31, 2016

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)
		2016
						Gross				Gross				Estimated
		Amortized				Unrealized				Unrealized				Market
		Cost				Gains				Losses				Value
Available-for-Sale:
U.S. Treasury		$	24,920			$	1			$	(146	)		$	24,775
U.S. Government agencies			84,266				3				(1,795	)			82,474
Mortgage-backed securities			49,155				185				(879	)			48,461
State and local governments			63,173				634				(990	)			62,817
Total available-for-sale securities		$	221,514			$	823			$	(3,810	)		$	218,527

		(In Thousands)
		2015
						Gross				Gross				Estimated
		Amortized				Unrealized				Unrealized				Market
		Cost				Gains				Losses				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

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

Information pertaining to securities with gross unrealized losses at December 31, 2016 and 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

		2016
		(In Thousands) Less Than Twelve Months								(In Thousands) Twelve Months & Over
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value
U.S. Treasury		$	(146	)		$	15,745			$	—			$	—
U.S. Government agencies			(1,795	)			77,471				—				—
Mortgage-backed securities			(879	)			36,474				—				—
State and local governments			(983	)			37,540				(7	)			526
Total available-for-sales securities		$	(3,803	)		$	167,230			$	(7	)		$	526
		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

Gross Realized Gains and Losses

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

		(In Thousands)
		2016				2015				2014
Gross realized gains		$	598			$	451			$	638
Gross realized losses			(10	)			—				(144	)
Net realized gains		$	588			$	451			$	494
Tax expense related to net realized gains		$	200			$	153			$	168

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

The amortized cost and fair value of debt securities at December 31, 2016, 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		$	19,158			$	19,231
After one year through five years			81,888				81,590
After five years through ten years			67,483				65,583
After ten years			3,830				3,662
Total		$	172,359			$	170,066
Mortgage-backed securities			49,155				48,461
Total		$	221,514			$	218,527

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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
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-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27337-111563

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27161-111563

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-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=73527792&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=73527792&loc=d3e27290-111563

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