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NOTE 2 - INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost of securities and their approximate fair value

 

Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value
June 30, 2013
Available-for-Sale:
Obligations of U.S. government sponsored agencies $ 19,669 $ $ (1,117 ) $ 18,552
Obligations of state and political subdivisions 8,262 229 (60 ) 8,431
Government sponsored agency mortgage-backed securities 274,858 2,580 (5,860 ) 271,578
Corporate debt securities 6,000 (1,238 ) 4,762
Equity securities 3,000 (23 ) 2,977
$ 311,789 $ 2,809 $ (8,298 ) $ 306,300
Held-to-Maturity:
Government sponsored agency mortgage-backed securities $ 6 $ $ $ 6
December 31, 2012
Available-for-Sale:
Obligations of U.S. government sponsored agencies $ 21,003 $ 115 $ $ 21,118
Obligations of state and political subdivisions 10,698 499 11,197
Government sponsored agency mortgage-backed securities 239,543 6,152 (64 ) 245,631
Corporate debt securities 6,000 (1,244 ) 4,756
Equity securities 3,000 113 3,113
$ 280,244 $ 6,879 $ (1,308 ) $ 285,815
Held-to-Maturity:
Government sponsored agency mortgage-backed securities $ 6 $ $ $ 6
Schedule of summary of investments securities in an unrealized loss for less than twelve months and twelve months or longer
 
    As of June 30, 2013    
    Less than 12 Months     12 Months or Longer     Total  
    Estimated Fair Value     Unrealized Losses     Estimated Fair Value     Unrealized Losses     Estimated Fair Value     Unrealized Losses  
Description of Securities                              
Obligations of U.S. government sponsored agencies   $ 18,552     $ (1,117 )   $     $       18,552       (1,117 )
Obligations of state and political subdivisions     1,108       (60 )                 1,108       (60 )
Government sponsored agency mortgage-backed securities     175,628       (5,860 )                 175,628       (5,860 )
Corporate debt securities                 4,762       (1,238 )     4,762       (1,238 )
Equity securities     2,977       (23 )                 2,977       (23 )
Total impaired securities   $ 198,265     $ (7,060 )   $ 4,762     $ (1,238 )   $ 203,027     $ (8,298 )

 

    As of December 31, 2012    
    Less than 12 Months     12 Months or Longer     Total  
    Estimated Fair Value     Unrealized Losses     Estimated Fair Value     Unrealized Losses     Estimated Fair Value     Unrealized Losses  
Description of Securities                              
Government sponsored agency mortgage-backed securities   $ 34,878     $ (64 )   $     $     $ 34,878     $ (64 )
Corporate debt securities                 4,756       (1,244 )     4,756       (1,244 )
Total impaired securities   $ 34,878     $ (64 )   $ 4,756     $ (1,244 )   $ 39,634     $ (1,308 )