XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
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 at March 31, 2017 and December 31, 2016, follows:
|  | (In Thousands) |
|  | March 31, 2017 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 19,872 |  |  | $ | — |  |  | $ | (137 | ) |  | $ | 19,735 |
U.S. Government agencies |  |  | 84,252 |  |  |  | — |  |  |  | (1,612 | ) |  |  | 82,640 |
Mortgage-backed securities |  |  | 46,728 |  |  |  | 181 |  |  |  | (866 | ) |  |  | 46,043 |
State and local governments |  |  | 58,142 |  |  |  | 626 |  |  |  | (798 | ) |  |  | 57,970 |
Total available-for-sale securities |  | $ | 208,994 |  |  | $ | 807 |  |  | $ | (3,413 | ) |  | $ | 206,388 |
|  | (In Thousands) |
|  | December 31, 2016 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | 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 |
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time | Information pertaining to securities with gross unrealized losses at March 31, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:
|  | (In Thousands) |
|  | March 31, 2017 |
|  | Less Than Twelve Months |  |  | Twelve Months & Over |
|  | Gross Unrealized |  |  | Fair |  |  | Gross Unrealized |  |  | Fair |
|  | Losses |  |  | Value |  |  | Losses |  |  | Value |
U.S. Treasury |  | $ | (137 | ) |  | $ | 15,721 |  |  | $ | — |  |  | $ | — |
U.S. Government agencies |  |  | (1,612 | ) |  |  | 82,640 |  |  |  | — |  |  |  | — |
Mortgage-backed securities |  |  | (842 | ) |  |  | 31,224 |  |  |  | (24 | ) |  |  | 3,772 |
State and local governments |  |  | (772 | ) |  |  | 31,657 |  |  |  | (26 | ) |  |  | 1,003 |
Total available-for-sale securities |  | $ | (3,363 | ) |  | $ | 161,242 |  |  | $ | (50 | ) |  | $ | 4,775 |
|  | (In Thousands) |
|  | December 31, 2016 |
|  | Less Than Twelve Months |  |  | Twelve Months & Over |
|  | Gross Unrealized |  |  | Fair |  |  | Gross Unrealized |  |  | Fair |
|  | Losses |  |  | Value |  |  | Losses |  |  | 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-sale securities |  | $ | (3,803 | ) |  | $ | 167,230 |  |  | $ | (7 | ) |  | $ | 526 |
Gross Realized Gains and Losses | Below are the gross realized gains and losses as of March 31 for each of the years presented.
|  | (In Thousands) |
|  | 2017 |  |  | 2016 |
Gross realized gains |  | $ | 31 |  |  | $ | 123 |
Gross realized losses |  |  | — |  |  |  | (10 | )
Net realized gains |  | $ | 31 |  |  | $ | 113 |
Tax expense related to net realized gains |  | $ | 11 |  |  | $ | 38 |
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity | The amortized cost and fair value of debt securities at March 31, 2017, 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 |  | $ | 11,669 |  |  | $ | 11,710 |
After one year through five years |  |  | 85,477 |  |  |  | 85,266 |
After five years through ten years |  |  | 61,298 |  |  |  | 59,700 |
After ten years |  |  | 3,822 |  |  |  | 3,669 |
Total |  | $ | 162,266 |  |  | $ | 160,345 |
Mortgage-backed securities |  |  | 46,728 |  |  |  | 46,043 |
Total |  | $ | 208,994 |  |  | $ | 206,388 |

X
- 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. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27290-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration