Securities (Tables)

3 Months Ended

Mar. 31, 2013

Securities

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

	March 31, 2013
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding
(in thousands)	Cost		Gains		Losses		Fair Value
Available-for-sale
Obligations of U.S. government agencies	$	1,816	$	54	$	—	$	1,870
Obligations of state and political subdivisions	95,834		7,901		1,026		102,709
Government sponsored agency
collateralized mortgage obligations	16,214		306		112		16,408
Government sponsorded agency
residential mortgage-backed securities	94,112		664		323		94,453
Corporate debt securities	500		—		85		415
Equity securities	1,010		—		16		994
Total available-for-sale securities	$	209,486	$	8,925	$	1,562	$	216,849
Held-to-maturity
Obligations of state and political subdivisions	$	2,225	$	276	$	—	$	2,501

	December 31, 2012
			Gross		Gross
			Unrealized		Unrealized
	Amortized		Holding		Holding
(in thousands)	Cost		Gains		Losses		Fair 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
Government sponsored agency
collateralized mortgage obligations	8,805		311		13		9,103
Government sponsored agency
residential mortgage-backed securities	67,765		1,920		229		69,456
Corporate debt securities	500		—		90		410
Equity securities	1,010		—		10		1,000
Total available-for-sale securities	$	175,213	$	11,223	$	1,075	$	185,361
Held-to-maturity
Obligations of state and political subdivisions	$	2,198	$	285	$	—	$	2,483

Schedule of fair value of debt securities using contractual maturities

	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	1,025		984		—		—
After five years through ten years	31,541		33,743		2,225		2,501
After ten years	65,584		70,267		—		—
Collateralized mortgage obligations	16,214		16,408		—		—
Mortgage-backed securities	94,112		94,453		—		—
Total	$	208,476	$	215,855	$	2,225	$	2,501

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

	March 31, 2013
	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	$	14,314	$	643	$	3,988	$	383	$	18,302	$	1,026
Government sponsored agency
collateralized mortgage obligations	10,166		112		—		—		10,166		112
Government sponsored agency
residential mortgage-backed securities	56,504		323		—		—		56,504		323
Corporate debt securities	—		—		415		85		415		85
Equity securities	984		16		—		—		984		16
Total	$	81,968	$	1,094	$	4,403	$	468	$	86,371	$	1,562

	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
Government sponsored agency
collateralized mortgage obligations	1,485		13		2		—		1,487		13
Government sponsored agency
residential mortgage-backed securities	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

Schedule of rollforward of cumulative OTTI credit losses

(in thousands)	2013		2012
Beginning Balance, January 1	$	—	$	8,619
Credit losses on debt securities for which OTTI was not previously recognized	—		—
Additional credit losses on debt securities for which OTTI was previously recognized	—		—
Less: Sale of PreTSLs for which OTTI was previously recognized	—		—
Ending Balance, March 31	$	—	$	8,619