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Securities (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Amortized Costs and Fair Values of Securities Available for Sale

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

 

     2014  
     Amortized
Cost		      Gross
Unrealized
Gains		      Gross
Unrealized
(Losses)		      Fair
Value		  

U.S. agency and mortgage-backed securities

    $ 67,462       $ 374       $ (807 )     $ 67,029   

Obligations of states and political subdivisions

      16,031         325         (99 )       16,257   

Corporate equity securities

      1         5         —           6   
  

 

 

     

 

 

     

 

 

     

 

 

  
$   83,494    $   704    $   (906 )  $   83,292   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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

 

     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

    $ 8,677       $ (60 )    $ 32,527       $ (747 )    $ 41,204       $ (807 ) 

Obligations of states and political subdivisions

      715         (1 )      2,841         (98 )      3,556         (99 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  
$ 9,392    $     (61 )  $ 35,368    $ (845 )  $ 44,760    $ (906 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

     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 December 31, 2014 and December 31, 2013 was as follows (in thousands):

 

     December 31,
2014		      December 31,
2013		  

Federal Home Loan Bank stock

    $ 470       $ 908   

Federal Reserve Bank stock

      846         846   

Community Bankers’ Bank stock

      50         50   
  

 

 

     

 

 

  
$ 1,366    $ 1,804   
  

 

 

     

 

 

  
Available-for-sale Securities [Member]  
Amortized Cost and Fair Value of Securities Available for Sale
     Amortized
Cost		      Fair
Value		  

Due within one year

    $ —         $ —     

Due after one year through five years

      6,955         6,945   

Due after five years through ten years

      17,734         17,703   

Due after ten years

      58,804         58,638   

Corporate equity securities

      1         6   
  

 

 

     

 

 

  
$ 83,494    $ 83,292