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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2013
Investment Securities [Abstract]  
Summary Of Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

143,127 

 

$

173 

 

$

463 

 

$

142,837 

Municipal securities

 

21,055 

 

 

382 

 

 

56 

 

 

21,381 

U.S. Agency mortgage-backed securities

 

30 

 

 

 -

 

 

 -

 

 

30 

Corporate bonds

 

55,026 

 

 

1,005 

 

 

50 

 

 

55,981 

Preferred stock

 

2,501 

 

 

95 

 

 

 -

 

 

2,596 

Total securities available for sale

$

221,739 

 

$

1,655 

 

$

569 

 

$

222,825 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

2,746 

 

$

164 

 

$

 -

 

$

2,910 

Total securities held to maturity

$

2,746 

 

$

164 

 

$

 -

 

$

2,910 

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

$

45,195 

 

$

45,359 

 

0.77 

%

1-5 years

 

97,932 

 

 

97,478 

 

0.51 

%

Total

$

143,127 

 

$

142,837 

 

0.59 

%

 

 

 

 

 

 

 

 

 

U.S. Agency mortgage-backed securities

 

 

 

 

 

 

 

 

1-5 years

$

30 

 

$

30 

 

4.45 

%

Total

$

30 

 

$

30 

 

4.45 

%

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

 

 

 

Within 1 year

$

6,660 

 

$

6,704 

 

1.43 

%

1-5 years

 

46,366 

 

 

47,293 

 

2.25 

%

5-10 years

 

2,000 

 

 

1,984 

 

0.01 

 

Total

$

55,026 

 

$

55,981 

 

2.10 

%

 

 

 

 

 

 

 

 

 

Preferred stock

 

 

 

 

 

 

 

 

Over 10 years

 

2,501 

 

 

2,596 

 

5.19 

%

Total

$

2,501 

 

$

2,596 

 

5.19 

%

 

 

 

 

 

 

 

 

 

Municipal securities

 

 

 

 

 

 

 

 

Within 1 year

$

4,573 

 

$

4,606 

 

2.12 

%

1-5 years

 

10,917 

 

 

11,084 

 

1.66 

%

5-10 years

 

8,311 

 

 

8,601 

 

4.80 

%

Total

$

23,801 

 

$

24,291 

 

2.84 

%

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Proceeds

 

Gross Gains

 

Gross Losses

2013

 

 

 

 

 

 

 

 

Available for sale securities

$

22,013 

 

$

318 

 

$

 -

2012

 

 

 

 

 

 

 

 

Available for sale securities

$

30,424 

 

$

273 

 

$

 -

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

 

2013

 

 

2012

US Treasury and government sponsored entities

$

419 

 

$

553 

U.S. Agency mortgage-backed securities

 

 

 

Other

 

581 

 

 

630 

    Total taxable interest income

$

1,001 

 

$

1,184 

 

 

 

 

 

 

Municipal securities

$

288 

 

$

283 

    Total tax-exempt interest income

 

288 

 

 

283 

    Total

$

1,289 

 

$

1,467