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Securities (Tables)
3 Months Ended
Mar. 31, 2015
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

27,100 

 

$

129 

 

$

(97)

 

$

27,132 

States and political subdivisions

 

 

57,831 

 

 

1,522 

 

 

(295)

 

 

59,058 

Corporate obligations

 

 

6,351 

 

 

180 

 

 

 -

 

 

6,531 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

62,713 

 

 

364 

 

 

(500)

 

 

62,577 

Total debt securities

 

 

153,995 

 

 

2,195 

 

 

(892)

 

 

155,298 

Equity securities-financial services

 

 

292 

 

 

84 

 

 

 -

 

 

376 

 

 

$

154,287 

 

$

2,279 

 

$

(892)

 

$

155,674 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

29,289 

 

$

42 

 

$

(356)

 

$

28,975 

States and political subdivisions

 

 

52,685 

 

 

1,750 

 

 

(103)

 

 

54,332 

Corporate obligations

 

 

6,387 

 

 

110 

 

 

(11)

 

 

6,486 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

67,032 

 

 

109 

 

 

(937)

 

 

66,204 

Total debt securities

 

 

155,393 

 

 

2,011 

 

 

(1,407)

 

 

155,997 

Equity securities-financial services

 

 

292 

 

 

106 

 

 

 -

 

 

398 

 

 

$

155,685 

 

$

2,117 

 

$

(1,407)

 

$

156,395 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

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

$

3,010 

 

$

(12)

 

$

9,111 

 

$

(85)

 

$

12,121 

 

$

(97)

States and political subdivisions

 

12,141 

 

 

(238)

 

 

2,477 

 

 

(57)

 

 

14,618 

 

 

(295)

Mortgage-backed securities-government sponsored agencies

 

13,040 

 

 

(118)

 

 

20,029 

 

 

(382)

 

 

33,069 

 

 

(500)

 

$

28,191 

 

$

(368)

 

$

31,617 

 

$

(524)

 

$

59,808 

 

$

(892)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

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

$

4,965 

 

$

(17)

 

$

15,051 

 

$

(339)

 

$

20,016 

 

$

(356)

States and political subdivisions

 

3,195 

 

 

(20)

 

 

4,633 

 

 

(83)

 

 

7,828 

 

 

(103)

Corporate obligations

 

 -

 

 

 -

 

 

1,144 

 

 

(11)

 

 

1,144 

 

 

(11)

Mortgage-backed securities-government sponsored agencies

 

22,090 

 

 

(189)

 

 

26,050 

 

 

(748)

 

 

48,140 

 

 

(937)

 

$

30,250 

 

$

(226)

 

$

46,878 

 

$

(1,181)

 

$

77,128 

 

$

(1,407)

 

Securities by Contractual Maturity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for Sale

 

 

(In Thousands)

 

Amortized Cost

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

 

$

1,250 

 

$

1,265 

 

 

 

 

 

 

Due after one year through five years

 

 

25,192 

 

 

25,391 

 

 

 

 

 

 

Due after five years through ten years

 

 

17,737 

 

 

17,827 

 

 

 

 

 

 

Due after ten years

 

 

47,103 

 

 

48,238 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities-government sponsored agencies

 

 

62,713 

 

 

62,577 

 

 

 

 

 

 

 

 

$

153,995 

 

$

155,298 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

 

Ended March 31,

 

 

2015

 

2014

Gross realized gains

 

$

311 

 

$

95 

Gross realized losses

 

 

 -

 

 

 -

Net realized gain

 

$

311 

 

$

95 

Proceeds from sales of securities

 

$

13,976 

 

$

12,080