XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Securities | 6 Months Ended
--- | ---
Jun. 30, 2017
Securities [Abstract] |
Securities | 6. Securities ﻿ The amortized cost, gross unrealized gains and losses, and fair value of securities available for sale were as follows: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | June 30, 2017
﻿ |  |  |  |  | Gross |  | Gross |  |  |
﻿ |  | Amortized |  | Unrealized |  | Unrealized |  | Fair
﻿ |  | Cost |  | Gains |  | Losses |  | Value
﻿ |  | (In Thousands)
﻿Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Treasury securities |  | $ | 2,003 |  | $ | - |  | $ | (9) |  | $ | 1,994
﻿States and political subdivisions |  |  | 128,343 |  |  | 1,510 |  |  | (1,215) |  |  | 128,638
﻿Corporate obligations |  |  | 10,162 |  |  | 44 |  |  | (92) |  |  | 10,114
﻿Mortgage-backed securities- |  |  |  |  |  |  |  |  |  |  |  |
﻿government sponsored entities |  |  | 162,670 |  |  | 37 |  |  | (3,212) |  |  | 159,495
﻿Total debt securities |  |  | 303,178 |  |  | 1,591 |  |  | (4,528) |  |  | 300,241
﻿Equity securities-financial services |  |  | 292 |  |  | 134 |  |  | - |  |  | 426
﻿ |  | $ | 303,470 |  | $ | 1,725 |  | $ | (4,528) |  | $ | 300,667
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | 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
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ ﻿ ﻿ The following tables show the Company’s investments’ gross unrealized losses and fair value aggregated by length of time that individual securities have been in a continuous unrealized loss position (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | June 30, 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 | $ | 1,994 |  | $ | (9) |  | $ | - |  | $ | - |  | $ | 1,994 |  | $ | (9)
﻿States and political subdivisions |  | 78,120 |  |  | (1,212) |  |  | 208 |  |  | (3) |  |  | 78,328 |  |  | (1,215)
﻿Corporate obligations |  | 6,923 |  |  | (92) |  |  | - |  |  | - |  |  | 6,923 |  |  | (92)
﻿Mortgage-backed securities-government sponsored entities |  | 148,255 |  |  | (2,973) |  |  | 9,071 |  |  | (239) |  |  | 157,326 |  |  | (3,212)
﻿ | $ | 235,292 |  | $ | (4,286) |  | $ | 9,279 |  | $ | (242) |  | $ | 244,571 |  | $ | (4,528)
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | 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)
﻿ ﻿ ﻿ At June 30, 2017, the Company has 215 debt securities in an unrealized loss position in the less than twelve months category and 12 debt securities in the twelve months or more category. In Management’s opinion the unrealized losses reflect changes in interest rates subsequent to the acquisition of specific securities. No other-than-temporary-impairment charges were recorded in 2017. Management believes that all unrealized losses represent temporary impairment of the securities as the Company does not have the intent to sell the securities and it is more likely than not that it will not have to sell the securities before recovery of its cost basis. ﻿ The amortized cost and fair value of debt securities as of June 30, 2017 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Available for Sale
﻿ |  | Amortized Cost |  | Fair Value
﻿ |  |  | (In Thousands)
﻿ |  |  |  |  |  |
﻿Due in one year or less |  | $ | 4,192 |  | $ | 4,205
﻿Due after one year through five years |  |  | 19,620 |  |  | 19,566
﻿Due after five years through ten years |  |  | 48,419 |  |  | 47,889
﻿Due after ten years |  |  | 68,277 |  |  | 69,086
﻿ |  |  |  |  |  |
﻿Mortgage-backed securities-government sponsored agencies |  |  | 162,670 |  |  | 159,495
﻿ |  | $ | 303,178 |  | $ | 300,241
﻿ Gross realized gains and gross realized losses on sales of securities available for sale were as follows (in thousands): ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Months |  | Six Months
﻿ |  | Ended June 30, |  | Ended June 30,
﻿ |  | 2017 |  | 2016 |  | 2017 |  | 2016
﻿Gross realized gains |  | $ | 31 |  | $ | 205 |  | $ | 43 |  | $ | 270
﻿Gross realized losses |  |  | - |  |  | - |  |  | (6) |  |  | -
﻿Net realized gain |  | $ | 31 |  | $ | 205 |  | $ | 37 |  | $ | 270
﻿Proceeds from sales of securities |  | $ | 1,831 |  | $ | 16,492 |  | $ | 1,835 |  | $ | 31,776
﻿ ﻿ ﻿ Securities with a carrying value of $226,759,000 and $110,266,000 at June 30, 2017 and 2016, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law. The increase reflects pledging requirements resulting from the acquisition of Delaware Bancshares, Inc. (“Delaware”).

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27232-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27405-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration