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Note 5 - Securities (Tables)
3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

(Dollars in thousands)

 

As of March 31, 2014

 
   

Amortized
Costs

   

Gross
Unrealized
Gains

   

Gross
Unrealized
Losses

   

Estimated
Fair Value

 

Available-for-sale securities

                               

U.S. government & agencies

  $ 6,520     $ 1     $ (221 )   $ 6,300  

Obligations of state and political subdivisions

    56,484       917       (946 )     56,454  

Residential mortgage backed securities and collateralized mortgage obligations

    52,906       580       (381 )     53,105  

Corporate securities

    49,884       268       (599 )     49,553  

Commercial mortgage backed securities

    10,551       53       (198 )     10,406  

Other asset backed securities

    28,308       314       (430 )     28,192  

Total

  $ 204,653     $ 2,133     $ (2,775 )   $ 204,010  
                                 

Held-to-maturity securities

                               

Obligations of state and political subdivisions

  $ 36,985     $ 128     $ (1,714 )   $ 35,399  

(Dollars in thousands)

 

As of December 31, 2013

 
   

Amortized
Costs

   

Gross
Unrealized
Gains

   

Gross
Unrealized
Losses

   

Estimated
Fair Value

 

Available-for-sale securities

                               

U.S. government & agencies

  $ 6,580     $ -     $ (316 )   $ 6,264  

Obligations of state and political subdivisions

    60,370       672       (1,833 )     59,209  

Residential mortgage backed securities and collateralized mortgage obligations

    64,026       318       (1,353 )     62,991  

Corporate securities

    48,836       282       (888 )     48,230  

Commercial mortgage backed securities

    10,828       24       (380 )     10,472  

Other asset backed securities

    29,717       388       (631 )     29,474  

Total

  $ 220,357     $ 1,684     $ (5,401 )   $ 216,640  
                                 

Held-to-maturity securities

                               

Obligations of state and political subdivisions

  $ 36,696     $ 36     $ (2,707 )   $ 34,025  
Amortized Cost And Estimated Fair Value Available For Sale Securities Table [Text Block]

(Dollars in thousands)

 

Available-for-sale

   

Held-to-maturity

 
   

Amortized Cost

   

Fair Value

   

Amortized Cost

   

Fair Value

 

AMOUNTS MATURING IN:

                               

One year or less

  $ -     $ -     $ 368     $ 368  

One year through five years

    37,564       37,900       361       382  

Five years through ten years

    86,385       85,879       13,981       13,631  

After ten years

    80,704       80,231       22,275       21,018  

Total

  $ 204,653     $ 204,010     $ 36,985     $ 35,399  
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

(Dollars in thousands)

 

Amount

 

Public funds collateral

  $ 22,313  

Federal Home Loan Bank borrowings

    35,806  

Interest rate swap contracts

    4,786  

Total securities held for pledging purposes

  $ 62,905  
Schedule of Realized Gain (Loss) [Table Text Block]
(Dollars in thousands)   For three months ended March 31  
   

2014

   

2013

 

Proceeds from sales of securities

  $ 36,686     $ 9,973  
                 

Gross realized gains on sales of securities:

               

Obligations of state and political subdivisions

  $ 157     $ 33  

Residential mortgage backed securities and collateralized mortgage obligations

    6       87  

Corporate securities

    141       17  

Other asset backed securities

    23       52  

Total gross realized gains on sales of securities

  $ 327     $ 189  
                 

Gross realized losses on sales of securities

               

Obligations of state and political subdivisions

  $ (90 )   $ -  

Residential mortgage backed securities and collateralized mortgage obligations

    (469 )     -  

Commercial mortgage backed securities

    (1 )     -  

Other asset backed securities

    (12 )     -  

Total gross realized losses on sales of securities

  $ (572 )   $ -  

(Loss) gain on investment securities, net

  $ (245 )   $ 189  
Schedule of Unrealized Loss on Investments [Table Text Block]

(Dollars in thousands)

 

As of March 31, 2014

 
   

Less than 12 months

   

12 months or more

   

Total

 

Available-for-sale securities

 

Fair

Value

   

Unrealized
Losses

   

Fair

Value

   

Unrealized
Losses

   

Fair

Value

   

Unrealized

Losses

 

U.S. government & agencies

  $ 1,283     $ (49 )   $ 2,452     $ (172 )   $ 3,735     $ (221 )

Obligations of states and political subdivisions

    22,343       (547 )     8,672       (399 )     31,015       (946 )

Residential mortgage backed securities and collateralized mortgage obligations

    24,835       (381 )     -       -       24,835       (381 )

Corporate securities

    27,728       (597 )     500       (2 )     28,228       (599 )

Commercial mortgage backed securities

    1,936       (50 )     2,597       (148 )     4,533       (198 )

Other asset backed securities

    11,147       (290 )     2,892       (140 )     14,039       (430 )

Total temporarily impaired securities

  $ 89,272     $ (1,914 )   $ 17,113     $ (861 )   $ 106,385     $ (2,775 )
                                                 

Held-to-maturity securities

                                               

Obligations of states and political subdivisions

  $ 17,957     $ (497 )   $ 12,649     $ (1,217 )   $ 30,606     $ (1,714 )

(Dollars in thousands)

 

As of December 31, 2013

 
   

Less than 12 months

   

12 months or more

   

Total

 

Available-for-sale securities

 

Fair

Value

   

Unrealized
Losses

   

Fair

Value

   

Unrealized
Losses

   

Fair

Value

   

Unrealized

Losses

 

U.S. government & agencies

  $ 5,446     $ (147 )   $ 819     $ (168 )   $ 6,265     $ (315 )

Obligations of states and political subdivisions

    29,943       (1,578 )     2,727       (255 )     32,670       (1,833 )

Residential mortgage backed securities and collateralized mortgage obligations

    44,197       (1,214 )     3,271       (139 )     47,468       (1,353 )

Corporate securities

    32,649       (792 )     2,960       (96 )     35,609       (888 )

Commercial mortgage backed securities

    5,543       (205 )     1,437       (176 )     6,980       (381 )

Other asset backed securities

    15,303       (518 )     1,723       (113 )     17,026       (631 )

Total temporarily impaired securities

  $ 133,081     $ (4,454 )   $ 12,937     $ (947 )   $ 146,018     $ (5,401 )
                                                 

Held-to-maturity securities

                                               

Obligations of states and political subdivisions

  $ 23,800     $ (1,524 )   $ 7,533     $ (1,183 )   $ 31,333     $ (2,707 )