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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government sponsored entities

$

158,029 

 

$

168 

 

$

189 

 

$

158,008 

Municipal securities

 

20,031 

 

 

351 

 

 

63 

 

 

20,319 

U.S. Agency mortgage-backed securities

 

26 

 

 

 

 

 -

 

 

27 

Corporate bonds

 

56,161 

 

 

987 

 

 

18 

 

 

57,130 

Preferred stock

 

2,999 

 

 

22 

 

 

17 

 

 

3,004 

Total securities available for sale

$

237,246 

 

$

1,529 

 

$

287 

 

$

238,488 

Securities held to maturity

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

$

2,745 

 

$

150 

 

$

 -

 

$

2,895 

Total securities held to maturity

$

2,745 

 

$

150 

 

$

 -

 

$

2,895 

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

$

45,112 

 

$

45,229 

 

0.77 

%

1-5 years

 

112,917 

 

 

112,779 

 

0.56 

%

Total

$

158,029 

 

$

158,008 

 

0.62 

%

 

 

 

 

 

 

 

 

 

U.S. Agency mortgage-backed securities

 

 

 

 

 

 

 

 

1-5 years

$

26 

 

$

27 

 

4.45 

%

Total

$

26 

 

$

27 

 

4.45 

%

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

 

 

 

Within 1 year

$

6,674 

 

$

6,703 

 

1.43 

%

1-5 years

 

47,487 

 

 

48,435 

 

2.24 

%

5-10 years

 

2,000 

 

 

1,992 

 

1.08 

%

Total

$

56,161 

 

$

57,130 

 

2.10 

%

 

 

 

 

 

 

 

 

 

Preferred stock

 

 

 

 

 

 

 

 

Over 10 years

 

2,999 

 

 

3,004 

 

5.26 

%

Total

$

2,999 

 

$

3,004 

 

5.26 

%

 

 

 

 

 

 

 

 

 

Municipal securities

 

 

 

 

 

 

 

 

Within 1 year

$

4,216 

 

$

4,234 

 

2.27 

%

1-5 years

 

10,318 

 

 

10,496 

 

1.71 

%

5-10 years

 

8,242 

 

 

8,484 

 

4.80 

%

Total

$

22,776 

 

$

23,214 

 

2.93 

%

 

 

 

 

 

 

 

 

 

 

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

$

638 

 

$

755 

U.S. Agency mortgage-backed securities

 

 

 

Other

 

856 

 

 

954 

    Total taxable interest income

$

1,495 

 

$

1,711 

 

 

 

 

 

 

Municipal securities

$

429 

 

$

429 

    Total tax-exempt interest income

 

429 

 

 

429 

    Total

$

1,924 

 

$

2,140