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Securities (Tables)
 3 Months Ended
Mar. 31, 2015
Summary of 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 (in thousands):

 

     March 31, 2015  
     Amortized
Cost		      Gross
Unrealized
Gains		      Gross
Unrealized
(Losses)		      Fair
Value		  

U.S. agency and mortgage-backed securities

    $ 74,540       $ 650       $ (354 )     $ 74,836   

Obligations of states and political subdivisions

      15,600         435         (22 )       16,013   

Corporate equity securities

      1         5         —           6   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 90,141    $ 1,090    $ (376 )  $ 90,855   
  

 

 

     

 

 

     

 

 

     

 

 

  
     December 31, 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   
  

 

 

     

 

 

     

 

 

     

 

 

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

At March 31, 2015 and December 31, 2014, investments in an unrealized loss position that were temporarily impaired were as follows (in thousands):

 

     March 31, 2015  
     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

    $ 7,438       $ (18 )    $ 21,024       $ (336 )    $ 28,462       $ (354 ) 

Obligations of states and political subdivisions

      —           —          1,079         (22 )      1,079         (22 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  
$ 7,438    $ (18 )  $ 22,103    $ (358 )  $ 29,541    $ (376 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

     December 31, 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 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  
Composition of Restricted Securities

The composition of restricted securities at March 31, 2015 and December 31, 2014 was as follows (in thousands):

 


     March 31,
2015		      December 31,
2014		  

Federal Home Loan Bank stock

    $ 1,103       $ 470   

Federal Reserve Bank stock

      846         846   

Community Bankers’ Bank stock

      50         50   
  

 

 

     

 

 

  
$ 1,999    $ 1,366   
  

 

 

     

 

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

     Amortized      Fair  
     Cost      Value  

Due within one year

    $ —         $ —     

Due after one year through five years

      6,661         6,717   

Due after five years through ten years

      21,289         21,457   

Due after ten years

      62,190         62,675   

Corporate equity securities

      1         6   
  

 

 

     

 

 

  
$ 90,141    $ 90,855