Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Fair values of securities available-for-sale

As of June 30, 2013:

The amortized cost and estimated fair values of securities available-for-sale were as follows: 

	Adjusted Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Government and agency obligations	$	17,848	$	36	$	156	$	17,728
Corporate bonds		6,716		57		58		6,715
States and municipal obligations		20,612		628		163		21,077
Collateralized debt obligations		1,916		-		912		1,004
Mortgage-backed securities		40,465		742		232		40,975
Total	$	87,557	$	1,463	$	1,521	$	87,499

As of December 31, 2012: 

The amortized cost and estimated fair values of securities available-for-sale were as follows: 

	Adjusted Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Government and agency obligations	$	16,821	$	134	$	18	$	16,937
Corporate bonds		5,081		86		2		5,165
States and municipal obligations		19,874		918		31		20,761
Mortgage-backed securities		43,432		931		29		44,334
Total	$	85,208	$	2,069	$	80	$	87,197

Fair values of securities held-to-maturity

 The amortized cost and estimated fair values of securities held-to-maturity were as follows:

	Adjusted Amortized Cost		Gross Unrealized Gains		Estimated Fair Value
Collateralized debt obligations	$	1,149	$	941	$	2,090

Unrealized loss

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at June 30, 2013 and December 31, 2012:

June 30, 2013

	(Less than 12 months)						(12 months or longer)					Total
Description of securities	Number of  investments		Fair value		Unrealized  losses		Number of  investments	Fair value		Unrealized  losses		Number of  investments		Fair value		Unrealized  losses
U.S. Government and agency obligations		9	$	8,968	$	156	-	$	-	$	-		9	$	8,968	$	156
Collateralized debt obligations		-		-		-	1		1,004		912		1		1,004		912
Corporate bonds		6		2,497		58	-		-		-		6		2,497		58
State and municipal obligations		17		5,971		152	1		498		11		18		6,469		163
Mortgage-backed securities and other		14		10,807		230	1		476		2		15		11,283		232
Total temporarily impaired securities		46	$	28,243	$	596	2	$	974	$	13		48	$	29,217	$	609

December 31, 2012

	(Less than 12 months)						(12 months or longer)						Total
Description of securities	Number of  investments		Fair value		Unrealized  losses		Number of  investments		Fair value		Unrealized  losses		Number of  investments		Fair value		Unrealized  losses
U.S. Government and agency obligations		3	$	3,649	$	18		-	$	-	$	-		3	$	3,649	$	18
Corporate bonds		1		501		2		-		-		-		1		501		2
State and municipal obligations		5		1,630		31		-		-		-		5		1,630		31
Mortgage-backed securities and other		6		4,065		29		-		-		-		6		4,065		29
Total temporarily impaired securities		15	$	9,845	$	80		-	$	-	$	-		15	$	9,845	$	80

Amortized cost and estimated fair value of all debt securities

The amortized cost and estimated fair value of all debt securities at June 30, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Mortgage-backed securities are shown separately since they are not due at a single maturity date.

	Available-for-sale				Held-to-maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	1,547	$	1,557	$	-	$	-
Due after one to five years		8,041		8,110		-		-
Due after five to ten years		25,011		25,150		-		-
Due after ten years		12,493		11,707		-		-
Mortgage-backed and related securities		40,465		40,975		-		-
Total	$	87,557	$	87,499	$	-	$	-