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Securities (Tables)
9 Months Ended
Sep. 30, 2014
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

965 

 

$

 -

 

$

(2)

 

$

963 

U.S. Government agencies

 

 

27,900 

 

 

 

 

(548)

 

 

27,355 

States and political subdivisions

 

 

52,895 

 

 

1,563 

 

 

(159)

 

 

54,299 

Corporate obligations

 

 

6,422 

 

 

93 

 

 

(30)

 

 

6,485 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

70,329 

 

 

139 

 

 

(1,229)

 

 

69,239 

Equity securities-financial services

 

 

292 

 

 

68 

 

 

 -

 

 

360 

 

 

$

158,803 

 

$

1,866 

 

$

(1,968)

 

$

158,701 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

34,471 

 

$

 -

 

$

(1,058)

 

$

33,413 

States and political subdivisions

 

 

60,174 

 

 

650 

 

 

(1,794)

 

 

59,030 

Corporate obligations

 

 

3,667 

 

 

84 

 

 

(40)

 

 

3,711 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

63,467 

 

 

81 

 

 

(1,898)

 

 

61,650 

Equity securities-financial services

 

 

293 

 

 

50 

 

 

(15)

 

 

328 

 

 

$

162,072 

 

$

865 

 

$

(4,805)

 

$

158,132 

Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

174 

 

$

 

$

 -

 

$

177 

 

Investments' Gross Unrealized Losses and Fair Value [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

Less than 12 Months

 

12 Months or More

 

Total

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

U.S. Treasury securities

$

963 

 

$

(2)

 

$

 -

 

$

 -

 

$

963 

 

$

(2)

U.S. government agencies

 

7,291 

 

 

(32)

 

 

17,902 

 

 

(516)

 

 

25,193 

 

 

(548)

States and political subdivisions

 

1,379 

 

 

(2)

 

 

7,835 

 

 

(157)

 

 

9,214 

 

 

(159)

Corporate obligations

 

2,806 

 

 

(13)

 

 

1,146 

 

 

(17)

 

 

3,952 

 

 

(30)

Mortgage-backed securities-government sponsored agencies

 

27,385 

 

 

(180)

 

 

26,487 

 

 

(1,049)

 

 

53,872 

 

 

(1,229)

 

$

39,824 

 

$

(229)

 

$

53,370 

 

$

(1,739)

 

$

93,194 

 

$

(1,968)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Less than 12 Months

 

12 Months or More

 

Total

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

 

Fair Value

 

Unrealized Losses

U.S. government agencies

$

32,481 

 

$

(990)

 

$

932 

 

$

(68)

 

$

33,413 

 

$

(1,058)

States and political subdivisions

 

26,281 

 

 

(1,415)

 

 

4,228 

 

 

(379)

 

 

30,509 

 

 

(1,794)

Corporate obligations

 

1,145 

 

 

(40)

 

 

 -

 

 

 -

 

 

1,145 

 

 

(40)

Mortgage-backed securities-government sponsored agencies

 

47,014 

 

 

(1,524)

 

 

7,478 

 

 

(374)

 

 

54,492 

 

 

(1,898)

Equity securities - financial services

 

170 

 

 

(15)

 

 

 -

 

 

 -

 

 

170 

 

 

(15)

 

$

107,091 

 

$

(3,984)

 

$

12,638 

 

$

(821)

 

$

119,729 

 

$

(4,805)

 

Securities by Contractual Maturity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for Sale

 

 

(In Thousands)

 

Amortized Cost

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

 

$

747 

 

$

764 

 

 

 

 

 

 

Due after one year through five years

 

 

21,635 

 

 

21,490 

 

 

 

 

 

 

Due after five years through ten years

 

 

22,090 

 

 

21,797 

 

 

 

 

 

 

Due after ten years

 

 

43,710 

 

 

45,051 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities-government sponsored agencies

 

 

70,329 

 

 

69,239 

 

 

 

 

 

 

 

 

$

158,511 

 

$

158,341 

 

 

 

 

 

 

 

Gross Realized Gains and Losses on Sales of Securities Available-for-Sale [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

Nine Months

 

 

Ended September 30,

 

Ended September 30,

 

 

2014

 

2013

 

2014

 

2013

Gross realized gains

 

$

301 

 

$

198 

 

$

918 

 

$

608 

Gross realized losses

 

 

 -

 

 

 -

 

 

(14)

 

 

(18)

Net realized gain

 

$

301 

 

$

198 

 

$

904 

 

$

590 

Proceeds from sales of securities

 

$

7,252 

 

$

14,663 

 

$

39,117 

 

$

29,962