Securities (Tables)

3 Months Ended

Mar. 31, 2013

Securities Tables

Schedule of Available for Sale Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
Available-for-sale securities
March 31, 2013:
U.S. government agencies	$	149	$	1	$	—	$	150
Mortgage-backed securities of government sponsored entities		83,839		1,873		130		85,582
Private-label collateralized mortgage obligations		968		34				1,002
State and political subdivisions		22,096		1,419		21		23,494
Totals	$	107,052	$	3,327	$	151	$	110,228

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
Available-for-sale securities	(In thousands)
December 31, 2012:
U.S. government agencies	$	155	$	1	$	1	$	155
Mortgage-backed securities of government sponsored entities		83,956		1,979		105		85,830
Private-label collateralized mortgage obligations		1,067		39		—		1,106
State and political subdivisions		22,842		1,587		2		24,427
Totals	$	108,020	$	3,606	$	108	$	111,518

Schedule of Held To Maturity Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
Held-to-maturity Securities:
March 31, 2013:
U.S. government agencies	$	123	$	1	$	—	$	124
Mortgage-backed securities of government sponsored entities		1,454		52		—		1,506
State and political subdivisions		3,756		—		75		3,681
Totals	$	5,333	$	53	$	75	$	5,311

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
Held-to-maturity Securities:	(In thousands)
December 31, 2012:
U.S. government agencies	$	130	$	1	$	—	$	131
Mortgage-backed securities of government sponsored entities		1,469		45		—		1,514
State and political subdivisions		2,149		—		54		2,095
Totals	$	3,748	$	46	$	54	$	3,740

Schedule of Expected Maturities of Available for Sale and Held To Maturity Securities

Amortized cost and fair value of available-for-sale securities and held-to-maturity securities at March 31, 2013 by contractual maturity, are shown below.

	Available-for-sale				Held-to-maturity
	Amortized cost		Fair Value		Amortized cost		Fair Value
	(In thousands)
One to five years	$	2,784	$	2,981	$	—	$	—
Five to ten years		4,432		4,675		2,034		2,021
After ten years		15,029		15,988		1,845		1,784
		22,245		23,644		3,879		3,805
Mortgage-backed securities of government sponsored entities		83,839		85,582		1,454		1,506
Private-label collateralized mortgage obligations		968		1,002		—		—
Totals	$	107,052	$	110,228	$	5,333	$	5,311

Schedule of Securities in a Gross Unrealized Loss Position

The following table shows the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.

	March 31, 2013
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
Mortgage-backed securities of government sponsored entities	$	18,136	$	130	$	—	$	—	$	18,136	$	130
State and political  subdivisions		4,400		96		—		—		4,400		96
Total temporarily impaired securities	$	22,536	$	226	$	—	$	—	$	22,536	$	226

	December 31, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
U.S. government agencies	$	—	$	—	$	66	$	1	$	66	$	1
Mortgage-backed securities of government sponsored entities		13,636		83		2,107		22		15,743		105
State and political subdivisions		3,162		56		—		—		3,162		56
Total temporarily impaired securities	$	16,798	$	139	$	2,173	$	23	$	18,971	$	162