Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Amortized Cost And Estimated Fair Values



		December 31, 2013
		Amortized		Unrealized		Unrealized		Estimated
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,494	$	75	$	-	$	7,569
Government Sponsored Entities (GSE) mortgage-backed securities		5,934		200		-		6,134
Corporate bonds		6,357		249		-		6,606
Collateralized mortgage obligations GSE		4,903		10		(89)		4,824
State and municipal tax-exempt		40,611		83		(2,425)		38,269
Total	$	65,299	$	617	$	(2,514)	$	63,402

Available For Sale
US Government agency obligations	$	30,522	$	4	$	(583)	$	29,943
GSE mortgage-backed securities		49,448		180		(698)		48,930
Collateralized mortgage obligations GSE		23,836		18		(968)		22,886
Corporate bonds		16,944		-		(394)		16,550
State and municipal tax-exempt		2,091		-		(19)		2,072
Certificates of deposit		1,250		10		-		1,260
Equity securities		27		2		(11)		18
Total	$	124,118	$	214	$	(2,673)	$	121,659


		December 31, 2012
		Amortized		Unrealized		Unrealized		Estimated
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,266	$	563	$	-	$	7,829
Government Sponsored Entities (GSE) mortgage-backed securities		9,135		435		-		9,570
Corporate bonds		6,500		371		(11)		6,860
Collateralized mortgage obligations GSE		7,204		185		-		7,389
State and municipal tax-exempt		35,919		759		(19)		36,659
Total	$	66,024	$	2,313	$	(30)	$	68,307

Available For Sale
US Government agency obligations	$	35,424	$	133	$	(18)	$	35,539
GSE mortgage-backed securities		21,885		507		-		22,392
Collateralized mortgage obligations GSE		21,526		151		(27)		21,650
Corporate bonds		41,005		772		(330)		41,447
State and municipal tax-exempt		3,195		1		(11)		3,185
Asset-backed securities		9,723		90		-		9,813
Certificates of deposit		1,250		3		(5)		1,248
Equity securities		27		-		(13)		14
Total	$	134,035	$	1,657	$	(404)	$	135,288

Unrealized Losses And Fair Value



		December 31, 2013
						Fair Value		Unrealized		Fair Value		Unrealized
				Total		Impaired		Loss		Impaired		Loss
		Total		Unrealized		Less Than		Less Than		More Than		More Than
(Dollars in thousands)		Fair Value		Loss		12 Months		12 Months		12 Months		12 Months
Held To Maturity
Collateralized mortgage obligations GSE	$	2,530	$	(89)	$	2,530	$	(89)	$	-	$	-
State and municipal tax-exempt		29,142		(2,425)		17,434		(727)		11,708		(1,698)
Total	$	31,672	$	(2,514)	$	19,964	$	(816)	$	11,708	$	(1,698)
Available For Sale
US Government agency obligations	$	24,931	$	(583)	$	24,931	$	(583)	$	-	$	-
GSE mortgage-backed securities		38,255		(698)		38,255		(698)		-		-
Collateralized mortgage obligations GSE		21,416		(968)		20,336		(959)		1,080		(9)
Corporate bonds		16,549		(394)		10,968		(223)		5,581		(171)
State and municipal tax-exempt		1,072		(19)		300		(6)		772		(13)
Equity securities		12		(11)		-		-		12		(11)
Total	$	102,235	$	(2,673)	$	94,790	$	(2,469)	$	7,445	$	(204)



	December 31, 2012
					Fair value		Unrealized		Fair value		Unrealized
			Total		Impaired		Loss		Impaired		Loss
	Total		Unrealized		Less Than		Less Than		More Than		More Than
(Dollars in thousands)	Fair Value		Loss		12 Months		12 Months		12 Months		12 Months
Held To Maturity
Corporate bonds	$	2,587	$	(11)	$	2,587	$	(11)	$	-	$	-
State and municipal tax-exempt		8,690		(19)		8,690		(19)		-		-
Total	$	11,277	$	(30)	$	11,277	$	(30)	$	-	$	-
Available For Sale
US Government agency obligations	$	10,238	$	(18)	$	10,238	$	(18)	$	-	$	-
Collateralized mortgage obligations GSE		4,703		(27)		4,703		(27)		-		-
Corporate bonds		15,989		(330)		12,604		(215)		3,385		(115)
State and municipal tax-exempt		1,095		(11)		1,095		(11)		-		-
Certificates of deposit		745		(5)		745		(5)		-		-
Equity securities		14		(13)		-		-		14		(13)
Total	$	32,784	$	(404)	$	29,385	$	(276)	$	3,399	$	(128)

Investments Classified By Contractual Maturity Date



		Held to Maturity				Available for Sale
		Amortized		Estimated		Amortized		Estimated
(Dollars in thousands)		Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	-	$	-	$	1,035	$	1,036
Due after one year through five years		873		929		21,637		21,358
Due after five years through ten years		26,248		26,235		49,605		48,809
Due after ten years		38,178		36,238		51,814		50,438
No stated maturity		-		-		27		18
Total investment securities	$	65,299	$	63,402	$	124,118	$	121,659

Gain (Loss) On Investment Sales



	Year Ended
	December 31
(Dollars in thousands)	2013		2012
Gross realized gains-AFS	$	867	$	424
Gross realized losses-AFS		(257)		(6)
Net realized gain	$	610	$	418

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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