Securities (Tables)

6 Months Ended

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