SECURITIES (Tables)

12 Months Ended

Dec. 31, 2012

SECURITIES

Schedule of amortized cost, gross unrealized gains and losses, and the fair value of the company's securities

	December 31, 2012
			Gross		Gross
			unrealized		unrealized
	Amortized		holding		holding		Fair
(in thousands)	cost		gains		losses		value
Available-for-sale
Obligations of U.S. government agencies	$	1,821	$	70	$	—	$	1,891
Obligations of state and political subdivisions	95,312		8,922		733		103,501
Collateralized mortgage obligations:
Government-sponsored agency	8,805		311		13		9,103
Residential mortgage-backed securities:
Government-sponsored agency	67,765		1,920		229		69,456
Corporate debt securities	500		—		90		410
Equity securities	1,010		—		10		1,000
Total securities available-for-sale	$	175,213	$	11,223	$	1,075	$	185,361
Held-to-maturity
Obligations of state and political subdivisions	$	2,198	$	285	$	—	$	2,483

	December 31, 2011
			Gross		Gross
			unrealized		unrealized
	Amortized		holding		holding		Fair
(in thousands)	cost		gains		losses		value
Available-for-sale
Obligations of U.S. government agencies	$	7,893	$	155	$	—	$	8,048
Obligations of state and political subdivisions	96,392		3,767		3,998		96,161
Collateralized mortgage obligations:
Government-sponsored agency	8,093		380		5		8,468
Private label	36,607		13		364		36,256
Residential mortgage-backed securities:
Government-sponsored agency	30,426		967		—		31,393
Pooled trust preferred senior class	3,833		—		2,229		1,604
Pooled trust preferred mezzanine class	6,732		—		4,535		2,197
Corporate debt securities	500		—		158		342
Equity securities	1,010		—		4		1,006
Total securities available-for-sale	$	191,486	$	5,282	$	11,293	$	185,475
Held-to-maturity
Obligations of state and political subdivisions	$	2,094	$	151	$	—	$	2,245

Schedule of fair value of debt securities using contractual maturities

	December 31, 2012
	Available-for-sale				Held-to-maturity
	Amortized		Fair		Amortized		Fair
(in thousands)	Cost		Value		Cost		Value
Amounts maturing in:
One Year or Less	$	—	$	—	$	—	$	—
One Year through Five Years	1,165		1,118		—		—
After Five Years through Ten Years	29,394		31,613		2,198		2,483
After Ten Years	67,074		73,071		—		—
Collateralized mortgage obligations	8,805		9,103		—		—
Mortgage-backed securities	67,765		69,456		—		—
Total	$	174,203	$	184,361	$	2,198	$	2,483

Schedule of length of time that individual securities held-to-maturity and available-for-sale have been in a continuous unrealized loss position

	December 31, 2012
	Less than 12 Months				12 Months or Greater				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(in thousands)	Value		Losses		Value		Losses		Value		Losses
Obligations of state and political subdivisions	$	8,649	$	398	$	4,139	$	335	$	12,788	$	733
Collateralized mortgage obligations:
Government-sponsored agency	1,485		13		2		—		1,487		13
Residential mortgage-backed securities:
Government-sponsored agency	12,899		229		—		—		12,899		229
Corporate debt securities	—		—		410		90		410		90
Equity Securities	990		10		—		—		990		10
Total	$	24,023	$	650	$	4,551	$	425	$	28,574	$	1,075

	December 31, 2011
	Less than 12 Months				12 Months or Greater				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(in thousands)	Value		Losses		Value		Losses		Value		Losses
Obligations of state and political subdivisions	$	11,129	$	241	$	25,910	$	3,757	$	37,039	$	3,998
Collateralized mortgage obligations:
Government-sponsored agency	1,028		5		—		—		1,028		5
Private label	30,459		364		—		—		30,459		364
Pooled Trust Preferred Senior Class	—		—		1,604		2,229		1,604		2,229
Pooled Trust Preferred Mezzanine Class	—		—		2,197		4,535		2,197		4,535
Corporate debt securities	—		—		342		158		342		158
Equity Securities	996		4		—		—		996		4
Total	$	43,612	$	614	$	30,053	$	10,679	$	73,665	$	11,293

Schedule of rollforward of cumulative OTTI credit losses

(in thousands)	2012			2011			2010
Beginning Balance, January 1	$	8,619		$	22,598		$	20,649
Credit losses on debt securities for which OTTI was not previously recognized	—			—			—
Additional credit losses on debt securities for which OTTI was previously recognized	96			798			4,271
Less: Sale of Private Label CMOs for which OTTI was previously recognized	—			—			(2,322		)
Less: Sale of PreTSLs for which OTTI was previously recognized	(8,715		)	(14,777		)	—
Ending Balance, December 31	$	—		$	8,619		$	22,598