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Securities (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018 and December 31, 2017, follows:

		(In Thousands)
		March 31, 2018
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-Sale:
U.S. Treasury		$	21,193			$	—			$	(354	)		$	20,839
U.S. Government agencies			82,184				—				(2,691	)			79,493
Mortgage-backed securities			38,283				30				(1,451	)			36,862
State and local governments			56,436				357				(1,128	)			55,665
Total available-for-sale securities		$	198,096			$	387			$	(5,624	)		$	192,859
		(In Thousands)
		December 31, 2017
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-Sale:
U.S. Treasury		$	21,219			$	—			$	(241	)		$	20,978
U.S. Government agencies			82,198				—				(1,732	)			80,466
Mortgage-backed securities			40,236				64				(790	)			39,510
State and local governments			55,512				437				(505	)			55,444
Total available-for-sale securities		$	199,165			$	501			$	(3,268	)		$	196,398

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

Information pertaining to securities with gross unrealized losses at March 31, 2018 and December 31, 2017, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

		(In Thousands)
		March 31, 2018
		Less Than Twelve Months								Twelve Months & Over
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value
U.S. Treasury		$	(87	)		$	6,877			$	(267	)		$	13,962
U.S. Government agencies			(619	)			27,015				(2,072	)			52,478
Mortgage-backed securities			(173	)			8,977				(1,278	)			26,477
State and local governments			(525	)			32,785				(603	)			11,212
Total available-for-sale securities		$	(1,404	)		$	75,654			$	(4,220	)		$	104,129

		(In Thousands)
		December 31, 2017
		Less Than Twelve Months								Twelve Months & Over
		Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value
U.S. Treasury		$	(36	)		$	6,924			$	(205	)		$	14,054
U.S. Government agencies			(314	)			27,328				(1,418	)			53,139
Mortgage-backed securities			(70	)			7,149				(720	)			28,080
State and local governments			(205	)			24,999				(300	)			11,567
Total available-for-sale securities		$	(625	)		$	66,400			$	(2,643	)		$	106,840

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three months ended March 31.

		Three Months
		(In Thousands)
		2018				2017
Gross realized gains		$	—			$	31
Gross realized losses			—				—
Net realized gains		$	—			$	31
Tax expense related to net realized gains		$	—			$	11

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

The amortized cost and fair value of debt securities at March 31, 2018, 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		$	21,660			$	21,626
After one year through five years			84,900				83,471
After five years through ten years			50,406				48,228
After ten years			2,847				2,672
Total		$	159,813			$	155,997

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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=75019621&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=82897076&loc=d3e27337-111563

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
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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=75019621&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=82897076&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=82897076&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=82897076&loc=d3e27290-111563

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