Securities (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016 and December 31, 2015 were as follows:



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
	March 31, 2016
	(in thousands)
Obligations of U.S. government corporations and agencies	$	30,815	$	834	$	(5	)	$	31,644
Mortgage-backed securities	28,560		303		(41		)	28,822
Obligations of states and political subdivisions	38,594		1,302		(6		)	39,890
	$	97,969	$	2,439	$	(52	)	$	100,356
	December 31, 2015
	(in thousands)
Obligations of U.S. government corporations and agencies	$	37,348	$	475	$	(158	)	$	37,665
Mortgage-backed securities	28,858		293		(220		)	28,931
Obligations of states and political subdivisions	38,082		1,169		(24		)	39,227
	$	104,288	$	1,937	$	(402	)	$	105,823

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, 2016 and December 31, 2015 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, 2016
	(in thousands)
Obligations of U.S. government corporations and agencies	$	2,998	$	2	$	1,997	$	3	$	4,995	$	5
Mortgage-backed securities	5,459		35		1,064		6		6,523		41
Obligations of states and political subdivisions	851		6		—		—		851		6
	$	9,308	$	43	$	3,061	$	9	$	12,369	$	52
	December 31, 2015
	(in thousands)
Obligations of U.S. government corporations and agencies	$	21,296	$	143	$	1,985	$	15	$	23,281	$	158
Mortgage-backed securities	18,563		194		1,105		26		19,668		220
Obligations of states and political subdivisions	3,414		22		497		2		3,911		24
	$	43,273	$	359	$	3,587	$	43	$	46,860	$	402

Restricted Investments

The composition of restricted investments at March 31, 2016 and December 31, 2015 was as follows:



	March 31, 2016		December 31, 2015
	(in thousands)
Federal Reserve Bank Stock	$	344	$	344
Federal Home Loan Bank Stock	1,412		1,412
Community Bankers’ Bank Stock	140		140
	$	1,896	$	1,896