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Securities (Tables)
3 Months Ended
Mar. 31, 2017
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

March 31, 2017



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

2,004 

 

$

 -

 

$

(8)

 

$

1,996 

States and political subdivisions

 

 

126,756 

 

 

1,071 

 

 

(2,627)

 

 

125,200 

Corporate obligations

 

 

10,208 

 

 

41 

 

 

(142)

 

 

10,107 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

162,031 

 

 

26 

 

 

(3,981)

 

 

158,076 

Total debt securities

 

 

300,999 

 

 

1,138 

 

 

(6,758)

 

 

295,379 

Equity securities-financial services

 

 

310 

 

 

112 

 

 

 -

 

 

422 



 

$

301,309 

 

$

1,250 

 

$

(6,758)

 

$

295,801 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 















 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2016



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

 

 

 

 

 

 

 

 

 

 

 



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

2,005 

 

$

 -

 

$

(8)

 

$

1,997 

States and political subdivisions

 

 

127,585 

 

 

884 

 

 

(3,368)

 

 

125,101 

Corporate obligations

 

 

10,255 

 

 

37 

 

 

(180)

 

 

10,112 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

169,124 

 

 

26 

 

 

(4,220)

 

 

164,930 

Total debt securities

 

 

308,969 

 

 

947 

 

 

(7,776)

 

 

302,140 

Equity securities-financial services

 

 

320 

 

 

104 

 

 

 -

 

 

424 



 

$

309,289 

 

$

1,051 

 

$

(7,776)

 

$

302,564 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



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



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



March 31, 2017



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

$

1,996 

 

$

(8)

 

$

 -

 

$

 -

 

$

1,996 

 

$

(8)

States and political subdivisions

 

86,377 

 

 

(2,623)

 

 

207 

 

 

(4)

 

 

86,584 

 

 

(2,627)

Corporate obligations

 

6,903 

 

 

(142)

 

 

 -

 

 

 -

 

 

6,903 

 

 

(142)

Mortgage-backed securities-government sponsored entities

 

146,400 

 

 

(3,701)

 

 

9,458 

 

 

(280)

 

 

155,858 

 

 

(3,981)



$

241,676 

 

$

(6,474)

 

$

9,665 

 

$

(284)

 

$

251,341 

 

$

(6,758)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2016



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

$

1,997 

 

$

(8)

 

$

 -

 

$

 -

 

$

1,997 

 

$

(8)

States and political subdivisions

 

90,109 

 

 

(3,362)

 

 

205 

 

 

(6)

 

 

90,314 

 

 

(3,368)

Corporate obligations

 

6,895 

 

 

(180)

 

 

 -

 

 

 -

 

 

6,895 

 

 

(180)

Mortgage-backed securities-government sponsored entities

 

152,614 

 

 

(3,912)

 

 

9,967 

 

 

(308)

 

 

162,581 

 

 

(4,220)



$

251,615 

 

$

(7,462)

 

$

10,172 

 

$

(314)

 

$

261,787 

 

$

(7,776)



Securities by Contractual Maturity [Table Text Block]



 

 

 

 

 

 



 

 

 

 

 

 



 

Available for Sale

 

 

Amortized Cost

 

Fair Value



 

 

(In Thousands)



 

 

 

 

 

 

Due in one year or less

 

$

4,335 

 

$

4,328 

Due after one year through five years

 

 

22,084 

 

 

21,967 

Due after five years through ten years

 

 

48,768 

 

 

47,348 

Due after ten years

 

 

63,781 

 

 

63,660 



 

 

 

 

 

 

Mortgage-backed securities-government sponsored agencies

 

 

162,031 

 

 

158,076 



 

$

300,999 

 

$

295,379 



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



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months



 

Ended March 31,



 

2017

 

2016

Gross realized gains

 

$

12 

 

$

64 

Gross realized losses

 

 

(6)

 

 

 -

Net realized gain

 

$

 

$

64 

Proceeds from sales of securities

 

$

 

$

15,284