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2. Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2015
Investment Securities Tables |
Investment securities available for sale |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2015
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value
Mortgage-backed securities |  | $ | 76,406 |  |  |  | 1,526 |  |  |  | 45 |  |  |  | 77,887
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 38,173 |  |  |  | 399 |  |  |  | 155 |  |  |  | 38,417
State and political subdivisions |  |  | 141,500 |  |  |  | 6,817 |  |  |  | 72 |  |  |  | 148,245
Corporate bonds |  |  | 1,928 |  |  |  | - |  |  |  | 22 |  |  |  | 1,906
Trust preferred securities |  |  | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Equity securities |  |  | 748 |  |  |  | 577 |  |  |  | - |  |  |  | 1,325
Total |  | $ | 259,505 |  |  |  | 9,319 |  |  |  | 294 |  |  |  | 268,530
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2014
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value
Mortgage-backed securities |  | $ | 88,496 |  |  |  | 1,766 |  |  |  | 52 |  |  |  | 90,210
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 33,766 |  |  |  | 418 |  |  |  | 136 |  |  |  | 34,048
State and political subdivisions |  |  | 145,938 |  |  |  | 6,534 |  |  |  | 226 |  |  |  | 152,246
Corporate bonds |  |  | 2,469 |  |  |  | 16 |  |  |  | 18 |  |  |  | 2,467
Trust preferred securities |  |  | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Equity securities |  |  | 748 |  |  |  | 630 |  |  |  | - |  |  |  | 1,378
Total |  | $ | 272,167 |  |  |  | 9,364 |  |  |  | 432 |  |  |  | 281,099
Current fair value and associated unrealized losses on investments in debt securities with unrealized losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2015
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses
Mortgage-backed securities |  | $ | 7,891 |  |  |  | 45 |  |  |  | - |  |  |  | - |  |  |  | 7,891 |  |  |  | 45
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 3,074 |  |  |  | 13 |  |  |  | 10,828 |  |  |  | 142 |  |  |  | 13,902 |  |  |  | 155
State and political subdivisions |  |  | 2,198 |  |  |  | 4 |  |  |  | 3,930 |  |  |  | 68 |  |  |  | 6,128 |  |  |  | 72
Corporate bonds |  |  | 1,500 |  |  |  | 22 |  |  |  | - |  |  |  | - |  |  |  | 1,500 |  |  |  | 22
Total |  | $ | 14,663 |  |  |  | 84 |  |  |  | 14,758 |  |  |  | 210 |  |  |  | 29,421 |  |  |  | 294
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2014
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses
Mortgage-backed securities |  | $ | 436 |  |  |  | 1 |  |  |  | 2,963 |  |  |  | 51 |  |  |  | 3,399 |  |  |  | 52
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 2,996 |  |  |  | 4 |  |  |  | 9,850 |  |  |  | 132 |  |  |  | 12,846 |  |  |  | 136
State and political subdivisions |  |  | 567 |  |  |  | 1 |  |  |  | 14,998 |  |  |  | 225 |  |  |  | 15,565 |  |  |  | 226
Corporate bonds |  |  | - |  |  |  | - |  |  |  | 525 |  |  |  | 18 |  |  |  | 525 |  |  |  | 18
Total |  | $ | 3,999 |  |  |  | 6 |  |  |  | 28,336 |  |  |  | 426 |  |  |  | 32,335 |  |  |  | 432
Amortized cost and estimated fair value of investment securities available for sale by contractual maturity |
December 31, 2015 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |
|  | Amortized Cost |  |  | Estimated Fair Value
Due within one year |  | $ | 3,666 |  |  |  | 3,647
Due from one to five years |  |  | 57,322 |  |  |  | 60,001
Due from five to ten years |  |  | 106,136 |  |  |  | 109,829
Due after ten years |  |  | 15,227 |  |  |  | 15,841
Mortgage-backed securities |  |  | 76,406 |  |  |  | 77,887
Equity securities |  |  | 748 |  |  |  | 1,325
Total |  | $ | 259,505 |  |  |  | 268,530
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2015
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 77,887 |  |  |  | - |  |  |  | 77,887 |  |  |  | -
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 38,417 |  |  |  | - |  |  |  | 38,417 |  |  |  | -
State and political subdivisions |  | $ | 148,245 |  |  |  | - |  |  |  | 148,245 |  |  |  | -
Corporate bonds |  | $ | 1,906 |  |  |  | - |  |  |  | 1,906 |  |  |  | -
Trust preferred securities |  | $ | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Equity securities |  | $ | 1,325 |  |  |  | 1,325 |  |  |  | - |  |  |  | -
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2014
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 90,210 |  |  |  | - |  |  |  | 90,210 |  |  |  | -
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 34,048 |  |  |  | - |  |  |  | 34,048 |  |  |  | -
State and political subdivisions |  | $ | 152,246 |  |  |  | - |  |  |  | 152,246 |  |  |  | -
Corporate bonds |  | $ | 2,467 |  |  |  | - |  |  |  | 2,467 |  |  |  | -
Trust preferred securities |  | $ | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Equity securities |  | $ | 1,378 |  |  |  | 1,378 |  |  |  | - |  |  |  | -
Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs |
(Dollars in thousands) |  |
|  | Investment Securities Available for Sale
|  | Level 3 Valuation
Balance, beginning of period |  | $ | 750
Change in book value |  |  | -
Change in gain/(loss) realized and unrealized |  |  | -
Purchases/(sales and calls) |  |  | -
Transfers in and/or (out) of Level 3 |  |  | -
Balance, end of period |  | $ | 750
Change in unrealized gain/(loss) for assets still held in Level 3 |  | $ | -

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