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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 

 

$

 

$

119,503 

Municipal securities

 

18,970 

 

 

699 

 

 

 

 

19,668 

U.S. Agency mortgage-backed securities

 

47 

 

 

 

 

 -

 

 

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 

 

 

 

 

 -

 

 

54 

Corporate bonds

 

43,767 

 

 

343 

 

 

1,119 

 

 

42,991 

Preferred stock

 

996 

 

 

 

 

 -

 

 

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 

 

$

 

$

138,126 

Municipal securities

 

14,023 

 

 

379 

 

 

 -

 

 

14,402 

U.S. Agency mortgage-backed securities

 

58 

 

 

 

 

 -

 

 

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

 

 

 

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