INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and fair values of investment securities
The amortized cost, gross gains and losses, and fair values of investment securities at December 31, 2016 and 2015 are as follows:
 
 
 
2016
(In Thousands)
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Available for sale (AFS):
 
 

 
 

 
 

 
 

U.S. Government and agency securities
 
$
—

 
$
—

 
$
—

 
$
—

Mortgage-backed securities
 
9,295

 
182

 
(164
)
 
9,313

Asset-backed securities
 
109

 
—

 
—

 
109

State and political securities
 
60,777

 
666

 
(509
)
 
60,934

Other debt securities
 
53,046

 
137

 
(2,065
)
 
51,118

Total debt securities
 
123,227

 
985

 
(2,738
)
 
121,474

Financial institution equity securities
 
9,566

 
969

 
—

 
10,535

Other equity securities
 
1,667

 
—

 
(184
)
 
1,483

Total equity securities
 
11,233

 
969

 
(184
)
 
12,018

Total investment securities AFS
 
$
134,460

 
$
1,954

 
$
(2,922
)
 
$
133,492

 
 
 
 
 
 
 
 
 
 
 
 
2015
(In Thousands)
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Available for sale (AFS):
 
 

 
 

 
 

 
 

U.S. Government and agency securities
 
$
3,586

 
$
—

 
$
(37
)
 
$
3,549

Mortgage-backed securities
 
9,785

 
284

 
(60
)
 
10,009

Asset-backed securities
 
1,960

 
—

 
(20
)
 
1,940

State and political securities
 
84,992

 
1,797

 
(234
)
 
86,555

Other debt securities
 
59,832

 
185

 
(2,245
)
 
57,772

Total debt securities
 
160,155

 
2,266

 
(2,596
)
 
159,825

Financial institution equity securities
 
10,397

 
1,100

 
(14
)
 
11,483

Other equity securities
 
5,214

 
70

 
(435
)
 
4,849

Total equity securities
 
15,611

 
1,170

 
(449
)
 
16,332

Total investment securities AFS
 
$
175,766

 
$
3,436

 
$
(3,045
)
 
$
176,157
Trading securities
The amortized cost and fair values of trading investment securities at December 31, 2016 and 2015 are as follows.
 
 
2016
(In Thousands)
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Trading:
 
 
 
 
 
 
 
 
Financial institution equity securities
 
$
—

 
$
—

 
$
—

 
$
—

Other equity securities
 
56

 
2

 
—

 
58

Total trading securities
 
$
56

 
$
2


$
—


$
58



 
 
2015
(In Thousands)
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Trading:
 
 
 
 
 
 
 
 
Financial institution equity securities
 
$
78

 
$
—

 
$
(5
)
 
$
73

Other equity securities
 
—

 
—

 
—

 
—

Total trading securities
 
$
78

 
$
—

 
$
(5
)
 
$
73
Schedule of gross unrealized losses and fair value
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2016 and 2015.
 
 
 
2016
 
 
Less than Twelve Months
 
Twelve Months or Greater
 
Total
 
 
 
 
Gross
 
 
 
Gross
 
 
 
Gross
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
(In Thousands)
 
Value
 
Losses
 
Value
 
Losses
 
Value
 
Losses
Available for Sale (AFS)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government and agency securities
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Mortgage-backed securities
 
3,572

 
(106
)
 
3,627

 
(58
)
 
7,199

 
(164
)
Asset-backed securities
 
—

 
—

 
—

 
—

 
—

 
—

State and political securities
 
26,113

 
(509
)
 
—

 
—

 
26,113

 
(509
)
Other debt securities
 
28,140

 
(1,179
)
 
12,240

 
(886
)
 
40,380

 
(2,065
)
Total debt securities
 
57,825

 
(1,794
)
 
15,867

 
(944
)
 
73,692

 
(2,738
)
Financial institution equity securities
 
—

 
—

 
—

 
—

 
—

 
—

Other equity securities
 
727

 
(140
)
 
756

 
(44
)
 
1,483

 
(184
)
Total equity securities
 
727

 
(140
)
 
756

 
(44
)
 
1,483

 
(184
)
Total Investment Securities AFS
 
$
58,552

 
$
(1,934
)
 
$
16,623

 
$
(988
)
 
$
75,175

 
$
(2,922
)
 
 
 
2015
 
 
Less than Twelve Months
 
Twelve Months or Greater
 
Total
 
 
 
 
Gross
 
 
 
Gross
 
 
 
Gross
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
(In Thousands)
 
Value
 
Losses
 
Value
 
Losses
 
Value
 
Losses
Available for Sale (AFS)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government and agency securities
 
$
—

 
$
—

 
$
3,549

 
$
(37
)
 
$
3,549

 
$
(37
)
Mortgage-backed securities
 
6,081

 
(60
)
 
—

 
—

 
6,081

 
(60
)
Asset-backed securities
 
1,626

 
(16
)
 
314

 
(4
)
 
1,940

 
(20
)
State and political securities
 
7,345

 
(47
)
 
1,656

 
(187
)
 
9,001

 
(234
)
Other debt securities
 
24,381

 
(530
)
 
22,547

 
(1,715
)
 
46,928

 
(2,245
)
Total debt securities
 
39,433

 
(653
)
 
28,066

 
(1,943
)
 
67,499

 
(2,596
)
Financial institution equity securities
 
—

 
—

 
53

 
(14
)
 
53

 
(14
)
Other equity securities
 
2,363

 
(277
)
 
1,001

 
(158
)
 
3,364

 
(435
)
Total equity securities
 
2,363

 
(277
)
 
1,054

 
(172
)
 
3,417

 
(449
)
Total Investment Securities AFS
 
$
41,796

 
$
(930
)
 
$
29,120

 
$
(2,115
)
 
$
70,916

 
$
(3,045
)
Schedule of amortized cost and fair value of debt securities by contractual maturity
The amortized cost and fair value of debt securities at December 31, 2016, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
(In Thousands)
 
Amortized Cost
 
Fair Value
Due in one year or less
 
$
577

 
$
577

Due after one year to five years
 
41,114

 
40,646

Due after five years to ten years
 
67,181

 
65,631

Due after ten years
 
14,355

 
14,620

Total
 
$
123,227

 
$
121,474
Schedule of gross realized gains and losses
The following table represents gross realized gains and losses on those transactions:
 
 
Year Ended December 31,
(In Thousands)
 
2016
 
2015
 
2014
Gross realized gains:
 
 

 
 

 
 

U.S. Government and agency securities
 
$
11

 
$
—

 
$
59

Mortgage-backed securities
 
35

 
—

 
89

State and political securities
 
787

 
1,571

 
2,327

Other debt securities
 
283

 
825

 
622

Financial institution equity securities
 
572

 
183

 
710

Other equity securities
 
217

 
132

 
491

Total gross realized gains
 
$
1,905

 
$
2,711

 
$
4,298

Gross realized losses:
 
 

 
 

 
 

U.S. Government and agency securities
 
$
5

 
$
—

 
$
45

Asset-backed securities
 
13

 
—

 
—

State and political securities
 
1

 
22

 
412

Other debt securities
 
189

 
54

 
209

Financial institution equity securities
 
—

 
—

 
—

Other equity securities
 
86

 
43

 
117

Total gross realized losses
 
$
294

 
$
119

 
$
783