Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments Debt And Equity Securities [Abstract]

Amortized cost and fair value of Available-for-Sale

The amortized cost and fair value of investment securities at June 30, 2013 and December 31, 2012 are as follows:

Available-for-Sale

June 30, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Agency securities	$	81,804	$	422	$	459	$	81,767
Mortgage-backed securities		13,572		587		—		14,159
States & political subdivisions		52,974		2,686		17		55,643
Total Debt Securities		148,350		3,695		476		151,569
Equity securities		651		291		—		942
Total Available-for-Sale	$	149,001	$	3,986	$	476	$	152,511

Available-for-Sale

December 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Agency securities	$	83,927	$	757	$	2	$	84,682
Mortgage-backed securities		15,962		839		—		16,801
States & political subdivisions		53,846		4,991		—		58,837
Total Debt Securities		153,735		6,587		2		160,320
Equity securities		801		281		11		1,071
Total Available-for-Sale	$	154,536	$	6,868	$	13	$	161,391

Amortized cost and fair value of Held-to-Maturity

Available-for-Sale

June 30, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Agency securities	$	81,804	$	422	$	459	$	81,767
Mortgage-backed securities		13,572		587		—		14,159
States & political subdivisions		52,974		2,686		17		55,643
Total Debt Securities		148,350		3,695		476		151,569
Equity securities		651		291		—		942
Total Available-for-Sale	$	149,001	$	3,986	$	476	$	152,511

Available-for-Sale

December 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Agency securities	$	83,927	$	757	$	2	$	84,682
Mortgage-backed securities		15,962		839		—		16,801
States & political subdivisions		53,846		4,991		—		58,837
Total Debt Securities		153,735		6,587		2		160,320
Equity securities		801		281		11		1,071
Total Available-for-Sale	$	154,536	$	6,868	$	13	$	161,391

Held-to-Maturity

June 30, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Mortgage-backed securities	$	11,965	$	525	$	—	$	12,490
States & political subdivisions		7,742		14		709		7,047
Total Held-to-Maturity	$	19,707	$	539	$	709	$	19,537

Held-to-Maturity

December 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Mortgage-backed securities	$	14,819	$	856	$	—	$	15,675
States & political subdivisions		1,083		16		—		1,099
Total Held-to-Maturity	$	15,902	$	872	$	—	$	16,774

Amortized cost and fair value of debt securities

The amortized cost and fair value of debt securities at June 30, 2013 by contractual maturity are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

June 30, 2013	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less:
U.S. Agency securities	$	13,990	$	14,055	$	—	$	—
States & political subdivisions		10		11		—		—
After one year through five years:
U.S. Agency securities		67,814		67,712		—		—
States & political subdivisions		130		131		—		—
After five years through ten years:
States & political subdivisions		2,122		2,277		869		882
After ten years:
States & political subdivisions		50,712		53,224		6,873		6,165
Subtotal		134,778		137,410		7,742		7,047
Mortgage-backed securities		13,572		14,159		11,965		12,490
Total Debt Securities	$	148,350	$	151,569	$	19,707	$	19,537

Gross fair value and unrealized losses

The gross fair value and unrealized losses of the Company’s investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2013 and December 31, 2012 are as follows:

	Less than twelve months				Twelve months or more				Totals
June 30, 2013	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Agency securities	$	41,214	$	439	$	3,125	$	20	$	44,339	$	459
States & political subdivisions		8,362		726		—		—		8,362		726
Equities		—		—		—		—		—		—
Total	$	49,576	$	1,165	$	3,125	$	20	$	52,701	$	1,185

	Less than twelve months				Twelve months or more				Totals
December 31, 2012	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Agency securities	$	3,169	$	2	$	—	$	—	$	3,169	$	2
States & political subdivisions		—		—		—		—		—		—
Equities		141		9		48		2		189		11
Total	$	3,310	$	11	$	48	$	2	$	3,358	$	13