Investments (Tables)

9 Months Ended

Sep. 30, 2013

Investments

Schedule of amortized cost and fair values of investment securities held-to-maturity

Amortized cost and fair values of investment securities held-to-maturity at December 31, 2012, including gross unrealized gains and losses, are summarized (with dollars in thousands) as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Municipal securities	$	35,370	$	988	$	(140	)	$	36,218
	$	35,370	$	988	$	(140	)	$	36,218

Amortized cost and fair values of investment securities held-to-maturity at September 30, 2013, including gross unrealized gains and losses, are summarized (with dollars in thousands) as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Municipal securities	$	55,208	$	458	$	(2,783	)	$	52,883
	$	55,208	$	458	$	(2,783	)	$	52,883

Schedule of amortized cost and fair values of investment securities available-for-sale

Amortized cost and fair values of investment securities available-for-sale at December 31, 2012 are summarized (with dollars in thousands) as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
U. S. Agency securities	$	21,951	$	247	$	(6	)	$	22,192
Mortgage-backed securities	56,217		328		(169		)	56,376
Other securities	934		—		—			934
	$	79,102	$	575	$	(175	)	$	79,502

Amortized cost and fair values of investment securities available-for-sale at September 30, 2013 are summarized (with dollars in thousands) as follows:

	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
U. S. Agency securities	$	61,078	$	73	$	(1,362	)	$	59,789
Mortgage-backed securities	49,756		123		(773		)	49,106
Other securities	934		—		—			934
	$	111,768	$	196	$	(2,135	)	$	109,829

Schedule of amortized cost and fair values of securities by maturity

The following tables summarize amortized cost and fair values of securities (with dollars in thousands) by maturity:

	September 30, 2013
	Held to Maturity				Available for sale
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	755	$	769	$	—	$	—
After one year, but within five	3,211		3,311		25,439		25,261
After five years, but within ten	10,844		10,873		48,330		47,239
After ten Years	40,398		37,930		37,999		37,329
Total	$	55,208	$	52,883	$	111,768	$	109,829

Schedule of investments in an unrealized loss position

The following table discloses investments in an unrealized loss position: (with dollars in thousands)

Description and number	Less than 12 months					12 months or more
of positions	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Agencies(3)	$	9,676	$	(6	)	$	—	$	—
Mortgage-backed securities(11)	28,688		(169		)	—		—
Municipal securities(28)	11,216		(140		)	—		—
	$	49,580	$	(315	)	$	—	$	—

At September 30, 2013, total temporary impairment (with dollars in thousands) totaled $4,918.

Description and number	Less than 12 months					12 months or more
of positions	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Agencies(16)	$	52,619	$	(1,362	)	$	—	$	—
Mortgage-backed securities(14)	24,746		(600		)	6,203		(173		)
Municipal securities(98)	33,659		(2,461		)	3,740		(322		)
	$	111,024	$	(4,423	)	$	9,943	$	(495	)