Securities (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2013:
U.S. government agencies	$	146	$	1	$	—	$	147
Mortgage-backed securities of           government sponsored entities		86,054		1,340		626		86,768
Private-label collateralized           mortgage obligations		880		43		—		923
State and political subdivisions		22,103		802		112		22,793
Totals	$	109,183	$	2,186	$	738	$	110,631

	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

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
Held-to-maturity Securities:
June 30, 2013:
U.S. government agencies	$	121	$	1	$	—	$	122
Mortgage-backed securities of           government sponsored entities		1,429		12		2		1,439
State and political subdivisions		5,132		—		347		4,785
Totals	$	6,682	$	13	$	349	$	6,346

	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 June 30, 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	$	2,795	$	2,947	$	—	$	—
Five to ten years		4,431		4,529		2,637		2,534
After ten years		15,023		15,464		2,616		2,373
		22,249		22,940		5,253		4,907
Mortgage-backed securities of      government sponsored entities		86,054		86,768		1,429		1,439
Private-label collateralized      mortgage obligations		880		923		—		—
Totals	$	109,183	$	110,631	$	6,682	$	6,346

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.

	June 30, 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	$	40,633	$	624	$	1,400	$	4	$	42,033	$	628
State and political      subdivisions		8,568		459		—		—		8,568		459
Total temporarily      impaired securities	$	49,201	$	1,083	$	1,400	$	4	$	50,601	$	1,087

	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