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Securities (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017 and December 31, 2016 were as follows:
 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
 
March 31, 2017
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
32,421

 
$
317

 
$
(307
)
 
$
32,431

Mortgage-backed securities
49,847

 
88

 
(554
)
 
49,381

Obligations of states and political subdivisions
49,315

 
788

 
(534
)
 
49,569

 
$
131,583

 
$
1,193

 
$
(1,395
)
 
$
131,381

 
December 31, 2016
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
30,404

 
$
316

 
$
(279
)
 
$
30,441

Mortgage-backed securities
42,681

 
147

 
(456
)
 
42,372

Obligations of states and political subdivisions
46,271

 
770

 
(592
)
 
46,449

 
$
119,356

 
$
1,233

 
$
(1,327
)
 
$
119,262

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, 2017 and December 31, 2016 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, 2017
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
16,174

 
$
307

 
$

 
$

 
$
16,174

 
$
307

Mortgage-backed securities
39,342

 
554

 

 

 
39,342

 
554

Obligations of states and political subdivisions
18,417

 
534

 

 

 
18,417

 
534

 
$
73,933

 
$
1,395

 
$

 
$

 
$
73,933

 
$
1,395

 
December 31, 2016
 
(in thousands)
Obligations of U.S. government corporations and agencies
$
19,129

 
$
279

 
$

 
$

 
$
19,129

 
$
279

Mortgage-backed securities
28,013

 
456

 

 

 
28,013

 
456

Obligations of states and political subdivisions
16,823

 
592

 

 

 
16,823

 
592

 
$
63,965

 
$
1,327

 
$

 
$

 
$
63,965

 
$
1,327

Restricted Investments
The composition of restricted investments at March 31, 2017 and December 31, 2016 was as follows:
 
 
March 31, 2017
 
December 31, 2016
 
(in thousands)
Federal Reserve Bank Stock
$
344

 
$
344

Federal Home Loan Bank Stock
584

 
584

Community Bankers’ Bank Stock
140

 
140

 
$
1,068

 
$
1,068