Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Costs and Fair Values of Securities Available for Sale

Amortized costs and fair values of securities available for sale at September 30, 2014 and December 31, 2013 were as follows (in thousands):


	September 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. agency and mortgage-backed securities	$	83,746	$	882	$	(1,248	)	$	83,380
Obligations of states and political subdivisions		21,068		429		(172	)		21,325
Corporate equity securities		1		4		—			5

	$	104,815	$	1,315	$	(1,420	)	$	104,710


	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. agency and mortgage-backed securities	$	86,365	$	670	$	(2,138	)	$	84,897
Obligations of states and political subdivisions		18,647		350		(598	)		18,399
Corporate equity securities		1		4		—			5

	$	105,013	$	1,024	$	(2,736	)	$	103,301

Summary of Investments in an Unrealized Loss Position that were Temporarily Impaired

At September 30, 2014 and December 31, 2013, investments in an unrealized loss position that were temporarily impaired were as follows (in thousands):


	September 30, 2014
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized (Loss)			Fair Value		Unrealized (Loss)			Fair Value		Unrealized (Loss)
U.S. agency and mortgage-backed securities	$	15,817	$	(205	)	$	33,557	$	(1,043	)	$	49,374	$	(1,248	)
Obligations of states and political subdivisions		1,632		(5	)		6,143		(167	)		7,775		(172	)

	$	17,449	$	(210	)	$	39,700	$	(1,210	)	$	57,149	$	(1,420	)


	December 31, 2013
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized (Loss)			Fair Value		Unrealized (Loss)			Fair Value		Unrealized (Loss)
U.S. agency and mortgage-backed securities	$	49,810	$	(1,755	)	$	10,180	$	(383	)	$	59,990	$	(2,138	)
Obligations of states and political subdivisions		7,165		(422	)		2,663		(176	)		9,828		(598	)

	$	56,975	$	(2,177	)	$	12,843	$	(559	)	$	69,818	$	(2,736	)

Composition of Restricted Securities

The composition of restricted securities at September 30, 2014 and December 31, 2013 was as follows (in thousands):


	September 30, 2014		December 31, 2013
Federal Home Loan Bank stock	$	740	$	908
Federal Reserve Bank stock		846		846
Community Bankers’ Bank stock		50		50

	$	1,636	$	1,804