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Investment Securities (Tables)
9 Months Ended
Sep. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale investment securities
Investment securities at September 30, 2012 and December 31, 2011 are summarized as follows:
 
September 30, 2012
 
Amortized Cost
 
Unrealized
 Gains
 
Unrealized
 Losses
 
Fair Value
 
(Amounts in thousands)
Available-for-sale securities:
 
 
 
 
 
 
 
Securities of U.S. government agencies due:
 
 
 
 
 
 
 
Within 1 year
$
20,008

 
$
44

 
$

 
$
20,052

After 1 but within 5 years
12,779

 
38

 

 
12,817

 
32,787

 
82

 

 
32,869

Government sponsored agencies:
 
 
 
 
 
 
 
Residential mortgage-backed securities due:
 
 
 
 
 
 
 
Within 1 year
67

 
1

 

 
68

After 1 but within 5 years
490

 
28

 

 
518

After 5 but within 10 years
11,526

 
345

 

 
11,871

After 10 years
68,847

 
1,972

 
12

 
70,807

 
80,930

 
2,346

 
12

 
83,264

Collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 1 but within 5 years
1,743

 
7

 

 
1,750

After 5 but within 10 years
10,332

 
322

 

 
10,654

After 10 years
124,469

 
1,060

 
450

 
125,079

 
136,544

 
1,389

 
450

 
137,483

Private label collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 5 but within 10 years
190

 

 
7

 
183

After 10 years
853

 
23

 

 
876

 
1,043

 
23

 
7

 
1,059

State and municipal securities due:
 
 
 
 
 
 
 
Within 1 year
720

 
11

 

 
731

After 1 but within 5 years
5,738

 
367

 

 
6,105

After 5 but within 10 years
19,025

 
1,648

 

 
20,673

After 10 years
24,816

 
2,444

 

 
27,260

 
50,299

 
4,470

 

 
54,769

Common and preferred stocks:
1,115

 
42

 
45

 
1,112

Total available-for-sale securities
$
302,718

 
$
8,352

 
$
514

 
$
310,556


 
December 31, 2011
 
Amortized Cost
 
Unrealized
 Gains
 
Unrealized
 Losses
 
Fair Value
 
(Amounts in thousands)
Available-for-sale securities:
 
 
 
 
 
 
 
Securities of U.S. government agencies due:
 
 
 
 
 
 
 
Within 1 year
$
9,988

 
$
51

 
$

 
$
10,039

After 1 but within 5 years
13,622

 
65

 

 
13,687

 
23,610

 
116

 

 
23,726

Government sponsored agencies:
 
 
 
 
 
 
 
Residential mortgage-backed securities due:
 
 
 
 
 
 
 
After 1 but within 5 years
476

 
18

 

 
494

After 5 but within 10 years
3,481

 
281

 

 
3,762

After 10 years
60,388

 
959

 
393

 
60,954

 
64,345

 
1,258

 
393

 
65,210

Collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 5 but within 10 years
13,986

 
478

 

 
14,464

After 10 years
150,915

 
1,241

 
592

 
151,564

 
164,901

 
1,719

 
592

 
166,028

Private label collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 5 but within 10 years
275

 
10

 

 
285

After 10 years
1,028

 

 
57

 
971

 
1,303

 
10

 
57

 
1,256

State and municipal securities due:
 
 
 
 
 
 
 
Within 1 year
618

 
5

 

 
623

After 1 but within 5 years
6,575

 
347

 

 
6,922

After 5 but within 10 years
21,252

 
1,639

 
19

 
22,872

After 10 years
40,455

 
2,255

 
9

 
42,701

 
68,900

 
4,246

 
28

 
73,118

Common and preferred stocks:
1,113

 
23

 
52

 
1,084

Total available-for-sale securities
$
324,172

 
$
7,372

 
$
1,122

 
$
330,422

Available-for-sale Securities in a Continuous Unrealized Loss Position

If management determines that an investment has experienced an other than temporary impairment, the loss is recognized in the income statemen