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Securities (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2018 and December 31, 2017, follows:
|  | (In Thousands) |
|  | June 30, 2018 |
|  | Amortized |  |  | Gross Unrealized |  |  | Gross Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 21,168 |  |  | $ | - |  |  | $ | (377 | ) |  | $ | 20,791 |
U.S. Government agencies |  |  | 79,169 |  |  |  | - |  |  |  | (2,859 | ) |  |  | 76,310 |
Mortgage-backed securities |  |  | 36,416 |  |  |  | 21 |  |  |  | (1,601 | ) |  |  | 34,836 |
State and local governments |  |  | 55,865 |  |  |  | 313 |  |  |  | (1,079 | ) |  |  | 55,099 |
Total available-for-sale securities |  | $ | 192,618 |  |  | $ | 334 |  |  | $ | (5,916 | ) |  | $ | 187,036 |
|  | (In Thousands) |
|  | December 31, 2017 |
|  | Amortized |  |  | Gross Unrealized |  |  | Gross Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | 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 June 30, 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) |
|  | June 30, 2018 |
|  | Less Than Twelve Months |  |  | Twelve Months & Over |
|  | Gross Unrealized |  |  | Fair |  |  | Gross Unrealized |  |  | Fair |
|  | Losses |  |  | Value |  |  | Losses |  |  | Value |
U.S. Treasury |  | $ | (104 | ) |  | $ | 6,864 |  |  | $ | (273 | ) |  | $ | 13,927 |
U.S. Government agencies |  |  | (469 | ) |  |  | 14,664 |  |  |  | (2,390 | ) |  |  | 61,646 |
Mortgage-backed securities |  |  | (94 | ) |  |  | 5,640 |  |  |  | (1,507 | ) |  |  | 27,975 |
State and local governments |  |  | (472 | ) |  |  | 30,386 |  |  |  | (607 | ) |  |  | 12,002 |
Total available-for-sale securities |  | $ | (1,139 | ) |  | $ | 57,554 |  |  | $ | (4,777 | ) |  | $ | 115,550 |
|  | (In Thousands) |
|  | December 31, 2017 |
|  | Less Than Twelve Months |  |  | Twelve Months & Over |
|  | Gross Unrealized |  |  | Fair |  |  | Gross Unrealized |  |  | Fair |
|  | Losses |  |  | Value |  |  | Losses |  |  | 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 and six months ended June 30, 2018 and June 30, 2017.
|  | Three Months |  |  | Six Months |
|  | (In Thousands) |  |  | (In Thousands) |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Gross realized gains |  | $ | - |  |  | $ | 27 |  |  | $ | - |  |  | $ | 58 |
Gross realized losses |  |  | - |  |  |  | (11 | ) |  |  | - |  |  |  | (11 | )
Net realized gains |  | $ | - |  |  | $ | 16 |  |  | $ | - |  |  | $ | 47 |
Tax expense related to net realized gains |  | $ | - |  |  | $ | 5 |  |  | $ | - |  |  | $ | 16 |
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity | The amortized cost and fair value of debt securities at June 30, 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 |  | $ | 22,734 |  |  | $ | 22,674 |
After one year through five years |  |  | 79,589 |  |  |  | 78,096 |
After five years through ten years |  |  | 50,835 |  |  |  | 48,566 |
After ten years |  |  | 3,044 |  |  |  | 2,864 |
Total |  | $ | 156,202 |  |  | $ | 152,200 |
Mortgage-backed securities |  |  | 36,416 |  |  |  | 34,836 |
Total |  | $ | 192,618 |  |  | $ | 187,036 |

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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. + References No definition available. + Details
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- 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 No definition available. + Details
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- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
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