Securities (Tables)

9 Months Ended

Sep. 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 September 30, 2018 and December 31, 2017, follows

	(In Thousands)
	September 30, 2018
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	21,141	$	-	$	(370	)	$	20,771
U.S. Government agencies		78,753		-		(2,986	)		75,767
Mortgage-backed securities		36,350		11		(1,761	)		34,600
State and local governments		53,040		199		(1,302	)		51,937
Total available-for-sale securities	$	189,284	$	210	$	(6,419	)	$	183,075

	(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 September 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)
	September 30, 2018
	Less Than Twelve Months					Twelve Months & Over
	Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	(111	)	$	6,860	$	(259	)	$	13,910
U.S. Government agencies		(166	)		7,424		(2,820	)		68,344
Mortgage-backed securities		(132	)		7,220		(1,629	)		26,657
State and local governments		(350	)		23,413		(952	)		20,371
Total available-for-sale securities	$	(759	)	$	44,917	$	(5,660	)	$	129,282

	(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 nine months ended September 30, 2018 and September 30, 2017.

	Three Months					Nine Months
	(In Thousands)					(In Thousands)
	2018			2017		2018			2017
Gross realized gains	$	51		$	-	$	51		$	58
Gross realized losses		(41	)		-		(41	)		(11	)
Net realized gains	$	10		$	-	$	10		$	47
Tax expense related to net realized gains	$	2		$	-	$	2		$	16

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

The amortized cost and fair value of debt securities at September 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	$	34,797	$	34,563
After one year through five years		70,423		68,544
After five years through ten years		44,678		42,533
After ten years		3,036		2,835
Total	$	152,934	$	148,475
Mortgage-backed securities		36,350		34,600
Total	$	189,284	$	183,075