XML 71 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
SECURITIES AVAILABLE FOR SALE (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
SECURITIES AVAILABLE FOR SALE    
Schedule of carrying value and estimated fair value of securities available for sale

 The amortized cost and estimated fair value of investment securities available for sale as of June 30, 2014, December 31, 2013 and June 30, 2013 are as follows (dollars in thousands):

 
   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Estimated
Fair
Value		  

June 30, 2014

                          

US Agencies—MBS

   $ 6,598   $ 253   $ —   $ 6,851  

US Agencies

     17,755     91     (258 )   17,588  

Corporate Bonds

     15,691     189     —     15,880  

Obligations of states and political subdivisions

     6,441     400     (2 )   6,839  

Other

     216     —     —     216  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 46,701   $ 933   $ (260 ) $ 47,374  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

December 31, 2013

                          

US Agencies—MBS

   $ 7,078   $ 281   $ —   $ 7,359  

US Agencies

     15,227     —     (372 )   14,855  

Corporate Bonds

     15,862     218     (1 )   16,079  

Obligations of states and political subdivisions

     5,893     202     —     6,095  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 44,060   $ 701   $ (373 ) $ 44,388  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

June 30, 2013

                          

US Agencies—MBS

   $ 7,491   $ 354   $ —   $ 7,845  

US Agencies

     15,172     74     (341 )   14,905  

Corporate Bonds

     18,557     161     (45 )   18,673  

Obligations of states and political subdivisions

     5,435     450     (1 )   5,884  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 46,655   $ 1,039   $ (387 ) $ 47,307  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

 The carrying value and estimated fair value of securities available for sale are as follows (dollars in thousands):

 
   Amortized
Cost		   Unrealized
Gains		   Unrealized
Losses		   Estimated
Fair Value		  

December 31, 2013

                          

Corporate

   $ 15,862   $ 218   $ (1 ) $ 16,079  

US Agencies

     15,227     —     (372 )   14,855  

US Agencies—MBS

     7,078     281     —     7,359  

Obligations of states and political subdivisions

     5,893     202     —     6,095  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 44,060   $ 701   $ (373 ) $ 44,388  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

December 31, 2012

                          

Corporate

   $ 18,763   $ 237   $ (23 ) $ 18,977  

US Agencies

     10,267     137     —     10,404  

US Agencies—MBS

     7,962     412     —     8,374  

Obligations of states and political subdivisions

     5,407     637     —     6,044  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 42,399   $ 1,423   $ (23 ) $ 43,799  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Schedule of securities with gross unrealized losses aggregated by investment category and length of time these individual securities have been in a loss position  

       Following is information pertaining to securities with gross unrealized losses at December 31, 2013 and 2012 aggregated by investment category and length of time these individual securities have been in a loss position (dollars in thousands):

 
   Less Than
Twelve Months		   Over
Twelve Months		  
 
   Gross
Unrealized
Losses		   Fair
Value		   Gross
Unrealized
Losses		   Fair
Value		  

December 31, 2013

                          

Corporate

   $ (1 ) $ 1,390   $ —   $ —  

US Agencies

     (372 )   14,855     —     —  

US Agencies—MBS

     —     —     —     —  

Obligations of states and political subdivisions

     —     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ (373 ) $ 16,245   $ —   $ —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

December 31, 2012

                          

US Agencies—MBS

   $ —   $ —     —     —  

Corporate

     (23 )   5,566     —     —  

Obligations of states and political subdivisions

     —     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ (23 ) $ 5,566   $ —   $ —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Summary of the proceeds from sales and calls of securities available for sale, as well as gross gains and losses  

  Following is a summary of the proceeds from sales and calls of securities available for sale, as well as gross gains and losses for the years ended December 31 (dollars in thousands):

 
   2013   2012   2011  

Proceeds from sales and calls

   $ 10,156   $ 2,601   $ 76  

Gross gains on sales

     73     —     —  

Gross (losses) on sales and calls

     —     —     (1 )
Schedule of carrying value and estimated fair value of securities available for sale by contractual maturity  

      The carrying value and estimated fair value of securities available for sale at December 31, 2013, by contractual maturity, are shown below (dollars in thousands):

 
   Amortized
Cost		   Estimated
Fair Value		  

Due in one year or less

   $ 3,140   $ 3,166  

Due after one year through five years

     21,433     21,535  

Due after five years through ten years

     9,893     9,771  

Due after ten years

     2,516     2,557  
           
​ ​ ​ ​ ​ ​ ​ ​

Subtotal

     36,982     37,029  

US Agencies—MBS

     7,078     7,359  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 44,060   $ 44,388  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​