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Securities (Tables)
9 Months Ended
Sep. 30, 2017
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

September 30, 2017



 

 

 

 

Gross

 

Gross

 

 

 



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

2,002 

 

$

 -

 

$

(6)

 

$

1,996 

States and political subdivisions

 

 

119,173 

 

 

1,548 

 

 

(1,016)

 

 

119,705 

Corporate obligations

 

 

10,115 

 

 

39 

 

 

(65)

 

 

10,089 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

156,636 

 

 

34 

 

 

(2,990)

 

 

153,680 

Total debt securities

 

 

287,926 

 

 

1,621 

 

 

(4,077)

 

 

285,470 

Equity securities-financial services

 

 

185 

 

 

51 

 

 

 -

 

 

236 



 

$

288,111 

 

$

1,672 

 

$

(4,077)

 

$

285,706 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 















 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

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]



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 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

$

 -

 

$

 -

 

$

1,997 

 

$

(6)

 

$

1,997 

 

$

(6)

States and political subdivisions

 

45,387 

 

 

(483)

 

 

24,817 

 

 

(533)

 

 

70,204 

 

 

(1,016)

Corporate obligations

 

3,697 

 

 

(28)

 

 

3,222 

 

 

(37)

 

 

6,919 

 

 

(65)

Mortgage-backed securities-government sponsored entities

 

101,143 

 

 

(1,541)

 

 

50,504 

 

 

(1,449)

 

 

151,647 

 

 

(2,990)



$

150,227 

 

$

(2,052)

 

$

80,540 

 

$

(2,025)

 

$

230,767 

 

$

(4,077)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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

 

$

4,643 

 

$

4,663 

Due after one year through five years

 

 

18,134 

 

 

18,131 

Due after five years through ten years

 

 

47,731 

 

 

47,333 

Due after ten years

 

 

60,783 

 

 

61,663 



 

 

 

 

 

 

Mortgage-backed securities-government sponsored agencies

 

 

156,636 

 

 

153,680 



 

$

287,927 

 

$

285,470 



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,



 

2017

 

2016

 

2017

 

2016

Gross realized gains

 

$

129 

 

$

 -

 

$

173 

 

$

269 

Gross realized losses

 

 

 -

 

 

 -

 

 

(6)

 

 

 -

Net realized gain

 

$

129 

 

$

 -

 

$

167 

 

$

269 

Proceeds from sales of securities

 

$

11,192 

 

$

70,028 

 

$

13,027 

 

$

101,804