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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2012
Investment Securities [Abstract]  
Summary Of Available-For-Sale And Held-To-Maturity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

 

 

(In Thousands)

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

119,002

 

$

504

 

$

3

 

$

119,503

Municipal securities

 

 18,970

 

 

 699

 

 

 1

 

 

 19,668

U.S. Agency mortgage-backed securities

 

 47

 

 

 3

 

 

 -

 

 

 50

Corporate bonds

 

 46,518

 

 

 515

 

 

 186

 

 

 46,847

Preferred stock

 

 3,037

 

 

 142

 

 

 -

 

 

 3,179

Total securities available for sale

$

187,574

 

$

1,863

 

$

190

 

$

189,247

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

3,601

 

$

242

 

$

 -

 

$

3,843

Total securities held to maturity

$

3,601

 

$

242

 

$

 -

 

$

3,843

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

160,529

 

$

625

 

$

50

 

$

161,104

Municipal securities

 

 16,260

 

 

 675

 

 

 -

 

 

 16,935

U.S. Agency mortgage-backed securities

 

 52

 

 

 2

 

 

 -

 

 

 54

Corporate bonds

 

 43,767

 

 

 343

 

 

 1,119

 

 

 42,991

Preferred stock

 

 996

 

 

 3

 

 

 -

 

 

 999

Total securities available for sale

$

221,604

 

$

1,648

 

$

1,169

 

$

222,083

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

3,819

 

$

258

 

$

 -

 

$

4,077

Total securities held to maturity

$

3,819

 

$

258

 

$

 -

 

$

4,077

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

137,256

 

$

874

 

$

4

 

$

138,126

Municipal securities

 

 14,023

 

 

 379

 

 

 -

 

 

 14,402

U.S. Agency mortgage-backed securities

 

 58

 

 

 2

 

 

 -

 

 

 60

Corporate bonds

 

 29,553

 

 

 785

 

 

 48

 

 

 30,290

Total securities available for sale

$

180,890

 

$

2,040

 

$

52

 

$

182,878

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

5,142

 

$

196

 

$

 -

 

$

5,338

Total securities held to maturity

$

5,142

 

$

196

 

$

 -

 

$

5,338

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Amortized Cost And Fair Value By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

Fair Value

Weighted Average Yield

 

 

 

(In Thousands)

 

US Treasury and government sponsored entities

 

 

 

 

 

 

 

Within 1 year

$

29,996

 

$

30,034

0.76

%

1-5 years

 

 89,006

 

 

 89,469

0.73

%

Total

$

119,002

 

$

119,503

0.74

%

 

 

 

 

 

 

 

 

U.S. Agency mortgage-backed securities

 

 

 

 

 

 

 

5-10 years

$

47

 

$

50

4.45

%

Total

$

47

 

$

50

4.45

%

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

 

 

Within 1 year

$

3,160

 

$

3,195

2.88

%

1-5 years

 

 43,358

 

 

 43,652

2.45

%

Total

$

46,518

 

$

46,847

2.48

%

 

 

 

 

 

 

 

 

Preferred stock

 

 

 

 

 

 

 

Over 10 years

 

3,037

 

 

3,179

5.88

%

Total

$

3,037

 

$

3,179

5.88

%

 

 

 

 

 

 

 

 

Municipal securities

 

 

 

 

 

 

 

Within 1 year

$

2,414

 

$

2,422

1.79

%

1-5 years

 

 9,897

 

 

 10,137

2.01

%

5-10 years

 

 7,305

 

 

 7,776

4.58

%

Over 10 years

 

 2,955

 

 

 3,176

4.79

%

Total

$

22,571

 

$

23,511

3.18

%

 

 

 

 

 

 

 

 

Schedule Of Available-For-Sale Securities Proceeds, Gains, And Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds

 

Gross Gains

 

Gross Losses

 

(In Thousands)

2012

 

 

 

 

 

 

 

 

Available for sale securities

$

30,424

 

$

273

 

$

 -

2011

 

 

 

 

 

 

 

 

Available for sale securities

$

6,987

 

$

263

 

$

 -

 

 

 

 

 

 

 

 

 

Summary Of Interest Income On Available-For-Sale Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

(In Thousands)

US Treasury and government sponsored entities

$

553

 

$

816

U.S. Agency mortgage-backed securities

 

 1

 

 

 1

Other

 

 630

 

 

 482

     Total taxable interest income

$

1,184

 

$

1,299

 

 

 

 

 

 

Municipal securities

$

283

 

$

235

     Total tax-exempt interest income

 

 283

 

 

 235

     Total

$

1,467

 

$

1,534