Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

The amortized cost and estimated fair values of investment securities

	(Expressed in thousands)
	March 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities available-for-sale:
Obligations of U.S. Government corporations and agencies	$	45,593	$	101	$	(14	)	$	45,680
Obligations of states and political subdivisions		50,608		3,183		(107	)		53,684
Mortgage-backed securities		75,573		1,037		(336	)		76,274
Equity securities		185		30		—			215
Total available-for-sale	$	171,959	$	4,351	$	(457	)	$	175,853
	(Expressed in thousands)
	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities available-for-sale:
Obligations of U.S. Government corporations and agencies		47,101	$	201	$	(7	)	$	47,295
Obligations of states and political subdivisions		48,393		3,692		(55	)		52,030
Mortgage-backed securities		77,513		1,218		(53	)		78,678
Equity securities		183		22		—			205
Total available-for-sale		173,190		5,133		(115	)		178,208

The gross unrealized losses and fair value for investment securities by investment category and continuous unrealized loss position time

	(Expressed in thousands)
	March 31, 2013
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. Government corporations and agencies	$	7,986	$	(14	)	$	—	$	—		$	7,986	$	(14	)
Obligations of states and political subdivisions		5,568		(107	)		—		—			5,568		(107	)
Mortgage-backed securities		37,400		(335	)		76		(1	)		37,476		(336	)
Total	$	50,954	$	(456	)	$	76	$	(1	)	$	51,030	$	(457	)

	(Expressed in thousands)
	December 31, 2012
	Less than Twelve Months					Twelve Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. Government corporations and agencies		6,993	$	(7	)	$	—	$	—		$	6,993	$	(7	)
Obligations of states and political subdivisions		2,721		(55	)		—		—			2,721		(55	)
Mortgage-backed securities		23,752		(52	)		82		(1	)		23,834		(53	)
Total	$	33,466	$	(114	)	$	82	$	(1	)	$	33,548	$	(115	)

The amortized cost and fair value of securities available for sale, by contractual maturity

	(Expressed in thousands)
	March 31, 2013
	Amortized		Fair
	Cost		Value
Due in one year or less	$	973	$	986
Due after one year through five years		7,480		7,570
Due after five years through ten years		61,196		62,390
Due after ten years		26,552		28,418
		96,201		99,364
Mortgage-backed securities		75,573		76,274
Equity securities		185		215
Total	$	171,959	$	175,853

The recorded book value, fair value and approximate yield of investment securities by contractual maturity

(dollars in thousands)	March 31, 2013							December 31, 2012
	Amortized		Fair					Amortized		Fair
	Cost		Value		Yield			Cost		Value		Yield
U.S. Government corporations and agencies
Within One Year	$	2	$	2		0.01	%	$	10	$	10		0.01	%
After One But Within Five Years		6,000		6,011		1.88			6,000		6,034		1.88
After Five But Within Ten Years		39,588		39,664		1.70			41,088		41,248		1.75
After Ten Years		3		3		0.86			3		3		0.87
		45,593		45,680		1.72			47,101		47,295		1.77
States & Political Subdivisions
Within One Year		971		983		4.99			970		990		4.98
After One But Within Five Years		1,480		1,560		6.13			1,101		1,158		5.92
After Five But Within Ten Years		21,608		22,726		5.14			19,439		20,633		5.23
After Ten Years		26,549		28,415		5.77			26,883		29,249		5.90
		50,608		53,684		5.50			48,393		52,030		5.62
Mortgage-Backed Securities		75,573		76,274		2.10			77,513		78,678		2.01
Equity Securities		185		215		3.81			183		205		1.97
Total	$	171,959	$	175,853		3.04	%	$	173,190	$	178,208		3.00	%