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2. Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2016
Investment Securities Tables |
Investment securities available for sale |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2016
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value
Mortgage-backed securities |  | $ | 66,654 |  |  |  | 1,221 |  |  |  | 290 |  |  |  | 67,585
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 38,188 |  |  |  | 308 |  |  |  | 274 |  |  |  | 38,222
State and political subdivisions |  |  | 137,832 |  |  |  | 4,176 |  |  |  | 152 |  |  |  | 141,856
Corporate bonds |  |  | 1,500 |  |  |  | 33 |  |  |  | - |  |  |  | 1,533
Trust preferred securities |  |  | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Total |  | $ | 244,924 |  |  |  | 5,738 |  |  |  | 716 |  |  |  | 249,946
(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
Current fair value and associated unrealized losses on investments in debt securities with unrealized losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2016
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses
Mortgage-backed securities |  | $ | 15,594 |  |  |  | 290 |  |  |  | - |  |  |  | - |  |  |  | 15,594 |  |  |  | 290
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 10,120 |  |  |  | 94 |  |  |  | 9,562 |  |  |  | 180 |  |  |  | 19,682 |  |  |  | 274
State and political subdivisions |  |  | 10,441 |  |  |  | 123 |  |  |  | 561 |  |  |  | 29 |  |  |  | 11,002 |  |  |  | 152
Total |  | $ | 36,155 |  |  |  | 507 |  |  |  | 10,123 |  |  |  | 209 |  |  |  | 46,278 |  |  |  | 716
(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
Amortized cost and estimated fair value of investment securities available for sale by contractual maturity |
December 31, 2016 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |
|  | Amortized Cost |  |  | Estimated Fair Value
Due within one year |  | $ | 7,304 |  |  |  | 7,341
Due from one to five years |  |  | 81,366 |  |  |  | 84,100
Due from five to ten years |  |  | 77,498 |  |  |  | 78,751
Due after ten years |  |  | 12,102 |  |  |  | 12,169
Mortgage-backed securities |  |  | 66,654 |  |  |  | 67,585
Equity securities |  |  | - |  |  |  | -
Total |  | $ | 244,924 |  |  |  | 249,946
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2016
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 67,585 |  |  |  | - |  |  |  | 67,585 |  |  |  | -
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 38,222 |  |  |  | - |  |  |  | 38,222 |  |  |  | -
State and political subdivisions |  | $ | 141,856 |  |  |  | - |  |  |  | 141,856 |  |  |  | -
Corporate bonds |  | $ | 1,533 |  |  |  | - |  |  |  | 1,533 |  |  |  | -
Trust preferred securities |  | $ | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
(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 |  |  |  | - |  |  |  | -
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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