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Investment Securities (Tables)
3 Months Ended
Mar. 31, 2013
Investment Securities [Abstract]  
Summary Of Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

139,155 

 

$

410 

 

$

 -

 

$

139,565 

Municipal securities

 

21,626 

 

 

541 

 

 

16 

 

 

22,151 

U.S. Agency mortgage-backed securities

 

33 

 

 

 

 

 -

 

 

34 

Corporate bonds

 

55,889 

 

 

1,195 

 

 

 

 

57,081 

Preferred stock

 

2,501 

 

 

128 

 

 

 -

 

 

2,629 

Total securities available for sale

$

219,204 

 

$

2,275 

 

$

19 

 

$

221,460 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

2,747 

 

$

220 

 

$

 -

 

$

2,967 

Total securities held to maturity

$

2,747 

 

$

220 

 

$

 -

 

$

2,967 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

123,959 

 

$

455 

 

$

 -

 

$

124,414 

Municipal securities

 

21,124 

 

 

613 

 

 

 

 

21,728 

U.S. Agency mortgage-backed securities

 

35 

 

 

 

 

 -

 

 

36 

Corporate bonds

 

52,951 

 

 

1,081 

 

 

50 

 

 

53,982 

Preferred stock

 

3,524 

 

 

234 

 

 

 -

 

 

3,758 

Total securities available for sale

$

201,593 

 

$

2,384 

 

$

59 

 

$

203,918 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

2,749 

 

$

229 

 

$

 -

 

$

2,978 

Total securities held to maturity

$

2,749 

 

$

229 

 

$

 -

 

$

2,978 

 

Schedule Of Amortized Cost And Fair Value By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In  Thousands)

Amortized Cost

 

Fair Value

 

Weighted Average Yield

 

 

 

 

US Treasury and government sponsored entities

 

 

 

 

 

 

 

 

Within 1 year

$

59,466 

 

$

59,782 

 

0.80 

%

1-5 years

 

79,689 

 

 

79,783 

 

0.49 

%

Total

$

139,155 

 

$

139,565 

 

0.62 

%

 

 

 

 

 

 

 

 

 

U.S. Agency mortgage-backed securities

 

 

 

 

 

 

 

 

5-10 years

$

33 

 

$

34 

 

4.45 

%

Total

$

33 

 

$

34 

 

4.45 

%

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

 

 

 

Within 1 year

$

5,173 

 

$

5,209 

 

1.25 

%

1-5 years

 

50,716 

 

 

51,872 

 

2.16 

%

Total

$

55,889 

 

$

57,081 

 

2.07 

%

 

 

 

 

 

 

 

 

 

Preferred stock

 

 

 

 

 

 

 

 

Over 10 years

 

2,501 

 

 

2,629 

 

5.19 

%

Total

$

2,501 

 

$

2,629 

 

5.19 

%

 

 

 

 

 

 

 

 

 

Municipal securities

 

 

 

 

 

 

 

 

Within 1 year

$

2,605 

 

$

2,621 

 

1.86 

%

1-5 years

 

12,784 

 

 

13,022 

 

1.70 

%

5-10 years

 

8,984 

 

 

9,475 

 

4.71 

%

Total

$

24,373 

 

$

25,118 

 

2.82 

%

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Proceeds

 

Gross Gains

 

Gross Losses

2013

 

 

 

 

 

 

 

 

Available for sale securities

$

23,528 

 

$

218 

 

$

 -

2012

 

 

 

 

 

 

 

 

Available for sale securities

$

13,736 

 

$

27 

 

$

 -

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

 

2013

 

 

2012

US Treasury and government sponsored entities

$

207 

 

$

307 

U.S. Agency mortgage-backed securities

 

 -

 

 

Other

 

307 

 

 

300 

    Total taxable interest income

$

514 

 

$

608 

 

 

 

 

 

 

Municipal securities

$

145 

 

$

141 

    Total tax-exempt interest income

 

145 

 

 

141 

    Total

$

659 

 

$

749