Securities (Tables)

3 Months Ended

Mar. 31, 2015

Available-for-sale Securities [Abstract]

Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at March 31, 2015 and December 31, 2014 were as follows:



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
	March 31, 2015
	(in thousands)
Obligations of U.S. government corporations and agencies	$	38,808	$	804	$	(30	)	$	39,582
Mortgage-backed securities	17,048		559		(7		)	17,600
Obligations of states and political subdivisions	38,465		1,514		(14		)	39,965
Corporate securities	—		—		—			—
	$	94,321	$	2,877	$	(51	)	$	97,147
	December 31, 2014
	(in thousands)
Obligations of U.S. government corporations and agencies	$	36,911	$	599	$	(299	)	$	37,211
Mortgage-backed securities	15,245		545		(11		)	15,779
Obligations of states and political subdivisions	39,025		1,432		(47		)	40,410
Corporate securities	761		4		—			765
	$	91,942	$	2,580	$	(357	)	$	94,165

Fair Value And Gross Unrealized Losses For Securities Available For Sale

The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2015 and December 31, 2014 were as follows:



	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	March 31, 2015
	(in thousands)
Obligations of U.S. government corporations and agencies	$	2,924	$	1	$	5,970	$	29	$	8,894	$	30
Mortgage-backed securities	—		—		1,363		7		1,363		7
Obligations of states and political subdivisions	1,031		1		1,001		13		2,032		14
Corporate securities	—		—		—		—		—		—
	$	3,955	$	2	$	8,334	$	49	$	12,289	$	51
	December 31, 2014
	(in thousands)
Obligations of U.S. government corporations and agencies	$	1,997	$	1	$	21,615	$	298	$	23,612	$	299
Mortgage-backed securities	—		—		1,444		11		1,444		11
Obligations of states and political subdivisions	2,998		12		2,414		35		5,412		47
Corporate securities	—		—		—		—		—		—
	$	4,995	$	13	$	25,473	$	344	$	30,468	$	357

Restricted Investments

The composition of restricted investments at March 31, 2015 and December 31, 2014 was as follows:



	March 31, 2015		December 31, 2014
	(in thousands)
Federal Reserve Bank Stock	$	344	$	344
Federal Home Loan Bank Stock	1,462		2,324
Community Bankers’ Bank Stock	140		140
	$	1,946	$	2,808