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SECURITIES (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Amortized cost and estimated fair value of securities available for sale

Amortized cost and estimated fair value of securities available for sale are as follows (in thousands):

		September 30, 2016
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	38,312			$	399			$	—			$	38,711
Mortgage-backed securities, residential		219,847				3,026				202				222,671
Obligations of states and political subdivisions		39,724				840				12				40,552
Corporate bonds and notes		248				7				—				255
SBA loan pools		587				4				1				590
Corporate stocks		285				205				10				480
Total		$	299,003			$	4,481			$	225			$	303,259

		December 31, 2015
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of U.S. Government and U.S. Government sponsored enterprises		$	99,430			$	752			$	16			$	100,166
Mortgage-backed securities, residential		199,680				427				1,741				198,366
Obligations of states and political subdivisions		43,695				737				6				44,426
Corporate bonds and notes		747				5				—				752
SBA loan pools		643				5				1				647
Corporate stocks		285				178				—				463
Total		$	344,480			$	2,104			$	1,764			$	344,820

Amortized cost and estimated fair value of securities held to maturity

Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands):

		September 30, 2016
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	3,524			$	242			$	—			$	3,766
Time deposits with other financial institutions		980				—				—				980
Total		$	4,504			$	242			$	—			$	4,746

		December 31, 2015
		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Obligations of states and political subdivisions		$	4,566			$	256			$	—			$	4,822
Total		$	4,566			$	256			$	—			$	4,822

Amortized cost and estimated fair value of debt securities by contractual maturity

The amortized cost and estimated fair value of debt securities are shown below by expected maturity.  Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.  Securities not due at a single maturity date are shown separately (in thousands):

		September 30, 2016
		Available for Sale								Held to Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Within one year		$	25,524			$	25,640			$	1,767			$	1,787
After one, but within five years		41,911				42,675				2,556				2,750
After five, but within ten years		10,675				11,033				181				209
After ten years		174				170				—				—
		78,284				79,518				4,504				4,746
Mortgage-backed securities, residential		219,847				222,671				—				—
SBA loan pools		587				590				—				—
Total		$	298,718			$	302,779			$	4,504			$	4,746

Proceeds from sales and calls of securities resulting in gains or losses

The proceeds from sales and calls of securities resulting in gains or losses for the three months ended September 30, 2016 and 2015 are listed below (in thousands):

		2016				2015
Proceeds		$	20,709			$	2,936
Gross gains		75				24
Gross losses		—				(35		)
Tax expense		28				(5		)

The proceeds from sales and calls of securities resulting in gains or losses for the nine months ended September 30, 2016 and 2015 are listed below (in thousands):

		2016				2015
Proceeds		$	36,130			$	58,035
Gross gains		983				326
Gross losses		—				(35		)
Tax expense		371				111

Investment securities available for sale in an unrealized loss position

The following tables summarize the investment securities available for sale with unrealized losses at September 30, 2016 and December 31, 2015 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):

	Less than 12 months								12 months or longer								Total
September 30, 2016	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage-backed securities, residential	$	50,681			$	202			$	—			$	—			$	50,681			$	202
Obligations of states and political subdivisions	5,057				12				202				—				5,259				12
SBA loan pools	—				—				231				1				231				1
Corporate stocks	90				10				—				—				90				10
Total temporarily impaired securities	$	55,828			$	224			$	433			$	1			$	56,261			$	225

	Less than 12 months								12 months or longer								Total
December 31, 2015	Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Obligations of U.S. Government and U.S. Government sponsored enterprises	$	15,169			$	16			$	—			$	—			$	15,169			$	16
Mortgage-backed securities, residential	177,058				1,741				—				—				177,058				1,741
Obligations of states and political subdivisions	3,756				4				592				2				4,348				6
SBA loan pools	—				—				251				1				251				1
Total temporarily impaired securities	$	195,983			$	1,761			$	843			$	3			$	196,826			$	1,764

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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.

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