Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity

Amortized costs and fair values of securities at September 30, 2015 and December 31, 2014 were as follows (in thousands):


	September 30, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Securities available for sale:
U.S. agency and mortgage-backed securities	$	92,758	$	568	$	(463	)	$	92,863
Obligations of states and political subdivisions		16,037		308		(50	)		16,295
Corporate equity securities		1		7		—			8

Total securities available for sale	$	108,796	$	883	$	(513	)	$	109,166

Securities held to maturity:
U.S. agency and mortgage-backed securities	$	42,490	$	137	$	(124	)	$	42,503
Obligations of states and political subdivisions		11,786		55		(41	)		11,800

Total securities held to maturity	$	54,276	$	192	$	(165	)	$	54,303

Total securities	$	163,072	$	1,075	$	(678	)	$	163,469


	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Securities available for sale:
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

Total securities available for sale	$	83,494	$	704	$	(906	)	$	83,292

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

At September 30, 2015 and December 31, 2014, investments in an unrealized loss position that were temporarily impaired were as follows (in thousands):


	September 30, 2015
	Less than 12 months					12 months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair Value		(Loss)			Fair Value		(Loss)			Fair Value		(Loss)
Securities available for sale:
U.S. agency and mortgage-backed securities	$	24,974	$	(125	)	$	18,114	$	(338	)	$	43,088	$	(463	)
Obligations of states and political subdivisions		2,286		(15	)		1,058		(35	)		3,344		(50	)

Total securities available for sale	$	27,260	$	(140	)	$	19,172	$	(373	)	$	46,432	$	(513	)

Securities held to maturity:
U.S. agency and mortgage-backed securities	$	14,612	$	(124	)	$	—	$	—		$	14,612	$	(124	)
Obligations of states and political subdivisions		5,000		(41	)		—		—			5,000		(41	)

Total securities held to maturity	$	19,612	$	(165	)	$	—	$	—		$	19,612	$	(165	)

Total securities	$	46,872	$	(305	)	$	19,172	$	(373	)	$	66,044	$	(678	)


	December 31, 2014
	Less than 12 months					12 months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair Value		(Loss)			Fair Value		(Loss)			Fair Value		(Loss)
Securities available for sale:
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	)

Total securities available for sale	$	9,392	$	(61	)	$	35,368	$	(845	)	$	44,760	$	(906	)

Amortized Cost and Fair Value of Securities


	Available for Sale				Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due within one year	$	391	$	393	$	—	$	—
Due after one year through five years		7,806		7,853		633		631
Due after five years through ten years		20,377		20,499		15,215		15,245
Due after ten years		80,221		80,413		38,428		38,427
Corporate equity securities		1		8		—		—

	$	108,796	$	109,166	$	54,276	$	54,303

Composition of Restricted Securities

The composition of restricted securities at September 30, 2015 and December 31, 2014 was as follows (in thousands):


	September 30, 2015		December 31, 2014
Federal Home Loan Bank stock	$	466	$	470
Federal Reserve Bank stock		875		846
Community Bankers’ Bank stock		50		50

	$	1,391	$	1,366