Securities (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019 and December 31, 2018, follows

	(In Thousands)
	June 30, 2019
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	24,838	$	13	$	(56	)	$	24,795
U.S. Government agencies		95,437		653		(146	)		95,944
Mortgage-backed securities		44,763		322		(259	)		44,826
State and local governments		38,357		554		(61	)		38,850
Total available-for-sale securities	$	203,395	$	1,542	$	(522	)	$	204,415

	(In Thousands)
	December 31, 2018
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	23,078	$	6	$	(254	)	$	22,830
U.S. Government agencies		71,235		2		(1,910	)		69,327
Mortgage-backed securities		37,342		62		(1,142	)		36,262
State and local governments		40,608		225		(805	)		40,028
Total available-for-sale securities	$	172,263	$	295	$	(4,111	)	$	168,447

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

Information pertaining to securities with gross unrealized losses at June 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	(In Thousands)
	June 30, 2019
	Less Than Twelve Months					Twelve Months & Over					Total
	Gross Unrealized			Fair		Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value		Losses			Value
U.S. Treasury	$	(1	)	$	1,797	$	(55	)	$	21,008	$	(56	)	$	22,805
U.S. Government agencies		(1	)		5,004		(145	)		38,489		(146	)		43,493
Mortgage-backed securities		-			-		(259	)		25,712		(259	)		25,712
State and local governments		-			-		(61	)		8,553		(61	)		8,553
Total available-for-sale securities	$	(2	)	$	6,801	$	(520	)	$	93,762	$	(522	)	$	100,563

	(In Thousands)
	December 31, 2018
	Less Than Twelve Months					Twelve Months & Over					Total
	Gross Unrealized			Fair		Gross Unrealized			Fair		Gross Unrealized			Fair
	Losses			Value		Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(254	)	$	20,861	$	(254	)	$	20,861
U.S. Government agencies		-			-		(1,910	)		64,727		(1,910	)		64,727
Mortgage-backed securities		(4	)		697		(1,138	)		30,347		(1,142	)		31,044
State and local governments		(22	)		3,254		(783	)		29,413		(805	)		32,667
Total available-for-sale securities	$	(26	)	$	3,951	$	(4,085	)	$	145,348	$	(4,111	)	$	149,299

Gross Realized Gains and Losses

Below are the gross realized gains and losses for the three and six months ended June 30, 2019 and June 30, 2018.

	Three Months				Six Months
	(In Thousands)				(In Thousands)
	2019		2018		2019			2018
Gross realized gains	$	-	$	-	$	16		$	-
Gross realized losses		-		-		(42	)		-
Net realized losses	$	-	$	-	$	(26	)	$	-
Tax expense related to net realized losses	$	-	$	-	$	(5	)	$	-

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

The amortized cost and fair value of debt securities at June 30, 2019, 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	$	45,762	$	45,744
After one year through five years		57,593		57,516
After five years through ten years		54,003		55,077
After ten years		1,274		1,252
Total	$	158,632	$	159,589
Mortgage-backed securities		44,763		44,826
Total	$	203,395	$	204,415