Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Investment Securities

Schedule of amortized cost and estimated fair value of securities

	December 31, 2013
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gain		Loss			Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	73	$	8	$	—		$	81
Municipal bonds	95,388		589		(1,850		)	94,127
Mortgage-backed securities	165,857		12		(3,988		)	161,881
Total securities available for sale	261,318		609		(5,838		)	256,089
FHLB stock	7,483		—		—			7,483
Federal Reserve Bank stock/TIB	7,967		—		—			7,967
Total equities held at cost	15,450		—		—			15,450
Total securities	$	276,768	$	609	$	(5,838	)	$	271,539

	December 31, 2012
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gain		Loss			Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	147	$	12	$	—		$	159
Municipal bonds	25,401		1,186		(1		)	26,586
Mortgage-backed securities	56,641		1,162		(482		)	57,321
Total securities available for sale	82,189		2,360		(483		)	84,066
FHLB stock	9,228		—		—			9,228
Federal Reserve Bank stock	2,019		—		—			2,019
Total equities held at cost	11,247		—		—			11,247
Total securities	$	93,436	$	2,360	$	(483	)	$	95,313

Schedule of number, fair value and gross unrealized holding losses of the Company's investment securities by investment category and length of time that the securities have been in a continuous loss position

	December 31, 2013
	Less than 12 months						12 months or Longer						Total
				Gross						Gross						Gross
				Unrealized						Unrealized						Unrealized
		Fair		Holding				Fair		Holding				Fair		Holding
	Number	Value		Losses			Number	Value		Losses			Number	Value		Losses
	(dollars in thousands)
Municipal bonds	133	$	61,524	$	(1,850	)	—	$	—	$	—		133	$	61,524	$	(1,850	)
Mortgage-backed securities	45	140,704		(3,075		)	1	12,607		(913		)	46	153,311		(3,988		)
Total	178	$	202,228	$	(4,925	)	1	$	12,607	$	(913	)	179	$	214,835	$	(5,838	)

	December 31, 2012
	Less than 12 months						12 months or Longer						Total
				Gross						Gross						Gross
				Unrealized						Unrealized						Unrealized
		Fair		Holding				Fair		Holding				Fair		Holding
	Number	Value		Losses			Number	Value		Losses			Number	Value		Losses
	(dollars in thousands)
Municipal bonds	1	$	292	$	(1	)	—	$	—	$	—		1	$	292	$	(1	)
Mortgage-backed securities	2	15,128		(152		)	31	1,012		(330		)	33	16,140		(482		)
Total	3	$	15,420	$	(153	)	31	$	1,012	$	(330	)	34	$	16,432	$	(483	)

Schedule of amortized cost and estimated fair value of investment securities available for sale by contractual maturity

	At December 31, 2013
	One Year				More than One				More than Five Years				More than
	or Less				Year to Five Years				to Ten Years				Ten Years				Total
	Amortized		Fair		Amortized		Fair		Amortized		Fair		Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value		Cost		Value		Cost		Value		Cost		Value
	(dollars in thousands)
Investment securities available for sale:
U.S. Treasury	$	—	$	—	$	73	$	81	$	—	$	—	$	—	$	—	$	73	$	81
Municipal bonds	—		—		9,940		9,909		43,685		43,173		41,763		41,045		95,388		94,127
Mortgage-backed securities	—		—		—		—		13,390		13,235		152,467		148,646		165,857		161,881
Total investment securities available for sale	—		—		10,013		9,990		57,075		56,408		194,230		189,691		261,318		256,089
Stock:
FHLB	7,483		7,483		—		—		—		—		—		—		7,483		7,483
Federal Reserve Bank/TIB	7,967		7,967		—		—		—		—		—		—		7,967		7,967
Total stock	15,450		15,450		—		—		—		—		—		—		15,450		15,450
Total securities	$	15,450	$	15,450	$	10,013	$	9,990	$	57,075	$	56,408	$	194,230	$	189,691	$	276,768	$	271,539