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Investment Securities (Tables)
3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale investment securities
Investment securities at March 31, 2014 and December 31, 2013 are summarized as follows:
 
March 31, 2014
 
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
$
1,464

 
$

 
$
5

 
$
1,459

After 1 but within 5 years
15,036

 

 
171

 
14,865

 
16,500

 

 
176

 
16,324

Government sponsored agencies:
 
 
 
 
 
 
 
Residential mortgage-backed securities due:
 
 
 
 
 
 
 
After 1 but within 5 years
566

 
37

 

 
603

After 5 but within 10 years
20,445

 
328

 
41

 
20,732

After 10 years
82,367

 
640

 
1,157

 
81,850

 
103,378

 
1,005

 
1,198

 
103,185

Collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 1 but within 5 years
2,860

 

 
6

 
2,854

After 5 but within 10 years
4,917

 
143

 

 
5,060

After 10 years
40,194

 
647

 
15

 
40,826

 
47,971

 
790

 
21

 
48,740

Private label collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 5 but within 10 years
132

 
10

 

 
142

After 10 years
13,561

 
14

 
123

 
13,452

 
13,693

 
24

 
123

 
13,594

State and municipal securities due:
 
 
 
 
 
 
 
Within 1 year
910

 
4

 

 
914

After 1 but within 5 years
8,966

 
352

 
4

 
9,314

After 5 but within 10 years
36,501

 
850

 
549

 
36,802

After 10 years
36,054

 
229

 
1,135

 
35,148

 
82,431

 
1,435

 
1,688

 
82,178

Common and preferred stocks:
1,869

 
1,203

 

 
3,072

Total available-for-sale securities
$
265,842

 
$
4,457

 
$
3,206

 
$
267,093


 
December 31, 2013
 
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
$
1,560

 
$

 
$
8

 
$
1,552

After 1 but within 5 years
15,039

 

 
199

 
14,840

 
16,599

 

 
207

 
16,392

Government sponsored agencies:
 
 
 
 
 
 
 
Residential mortgage-backed securities due:
 
 
 
 
 
 
 
After 1 but within 5 years
632

 
42

 

 
674

After 5 but within 10 years
17,829

 
284

 

 
18,113

After 10 years
85,277

 
624

 
1,247

 
84,654

 
103,738

 
950

 
1,247

 
103,441

Collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 1 but within 5 years
3,139

 

 
7

 
3,132

After 5 but within 10 years
5,093

 
140

 

 
5,233

After 10 years
43,813

 
660

 
95

 
44,378

 
52,045

 
800

 
102

 
52,743

Private label collateralized mortgage obligations due:
 
 
 
 
 
 
 
After 5 but within 10 years
143

 

 
1

 
142

After 10 years
14,530

 
13

 
194

 
14,349

 
14,673

 
13

 
195

 
14,491

State and municipal securities due:
 
 
 
 
 
 
 
Within 1 year
910

 
10

 

 
920

After 1 but within 5 years
7,069

 
311

 

 
7,380

After 5 but within 10 years
44,590

 
1,064

 
827

 
44,827

After 10 years
47,422

 
282

 
2,127

 
45,577

 
99,991

 
1,667

 
2,954

 
98,704

Common and preferred stocks:
1,868

 
1,283

 

 
3,151

Total available-for-sale securities
$
288,914

 
$
4,713

 
$
4,705

 
$
288,922

Available-for-sale Securities in a Continuous Unrealized Loss Position
 
Less Than 12 Months
 
12 Months or More
 
Total
March 31, 2014
Fair value
 
Unrealized
 losses
 
Fair value
 
Unrealized
 losses
 
Fair value
 
Unrealized
 losses
 
(Amounts in thousands)
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
U.S. government agencies
$
14,865

 
$
171

 
$
1,459

 
$
5

 
$
16,324

 
$
176

Government sponsored agencies:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities
36,232

 
789

 
7,964

 
409

 
44,196

 
1,198

Collateralized mortgage obligations
7,054

 
21

 

 

 
7,054

 
21

Private label collateralized mortgage obligations
5,851

 
21

 
3,521

 
102

 
9,372

 
123

State and municipal securities
21,613

 
737

 
19,526

 
951

 
41,139

 
1,688

Common and preferred stocks

 

 

 

 

 

Total temporarily impaired securities
$
85,615

 
$
1,739

 
$
32,470

 
$
1,467

 
$
118,085

 
$
3,206


 
Less Than 12 Months
 
12 Months or More
 
Total
December 31, 2013
Fair value
 
Unrealized
 losses
 
Fair value
 
Unrealized
 losses
 
Fair value
 
Unrealized
 losses
 
(Amounts in thousands)
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
U.S. government agencies
$
14,840

 
$
199

 
$
1,552

 
$
8

 
$
16,392

 
$
207

Government sponsored agencies:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities
49,954

 
1,247

 

 

 
49,954

 
1,247

Collateralized mortgage obligation
11,372

 
64

 
2,121

 
38

 
13,493

 
102

Private label collateralized mortgage obligations
9,941

 
194

 
142

 
1

 
10,083

 
195

State and municipal securities
31,218

 
1,950

 
14,280

 
1,004

 
45,498

 
2,954

Common and preferred stocks, and other

 

 

 

 

 

Total temporarily impaired securities
$
117,325

 
$
3,654

 
$
18,095

 
$
1,051

 
$
135,420

 
$
4,705