Investment Securities (Tables)

6 Months Ended

Jun. 30, 2014

Amortized Cost And Estimated Fair Values



		June 30, 2014
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,611	$	230	$	-	$	7,841
Government Sponsored Entities (GSE) mortgage-backed securities		4,193		176		-		4,369
Corporate bonds		6,277		472		-		6,749
Collateralized mortgage obligations GSE		4,388		8		(38)		4,358
State and municipal tax-exempt		40,600		400		(956)		40,044
Total	$	63,069	$	1,286	$	(994)	$	63,361

Available For Sale
US Government agency obligations	$	17,261	$	-	$	(196)	$	17,065
GSE mortgage-backed securities		71,037		456		(196)		71,297
Collateralized mortgage obligations GSE		22,587		24		(765)		21,846
Corporate bonds		20,201		58		(147)		20,112
State and municipal tax-exempt		611		-		(3)		608
Certificates of deposit		750		7		-		757
Equity securities		27		2		(12)		17
Total	$	132,474	$	547	$	(1,319)	$	131,702



		December 31, 2013
		Amortized		Unrealized		Unrealized
(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

Unrealized Losses And Fair Value



		June 30, 2014
						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	$	4,097	$	(38)	$	4,097	$	(38)	$	-	$	-
State and Municipal tax-exempt		23,576		(956)		2,772		(5)		20,804		(951)
Total	$	27,673	$	(994)	$	6,869	$	(43)	$	20,804	$	(951)
Available For Sale
US Government agency obligations	$	17,065	$	(196)	$	998	$	(2)	$	16,067	$	(194)
GSE mortgage-backed securities		12,142		(196)		4,642		(31)		7,500		(165)
Collateralized mortgage obligations GSE		17,079		(765)		2,528		(58)		14,551		(707)
Corporate bonds		9,125		(147)		3,961		(36)		5,164		(111)
State and Municipal tax-exempt		608		(3)		-		-		608		(3)
Equity securities		11		(12)		-		-		11		(12)
Total	$	56,030	$	(1,319)	$	12,129	$	(127)	$	43,901	$	(1,192)



		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)

Investments Classified By Contractual Maturity Date



		Held to Maturity				Available for Sale
		Amortized				Amortized
(Dollars in thousands)		Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	-	$	-	$	2,051	$	2,052
Due after one year through five years		1,003		984		24,182		23,951
Due after five years through ten years		32,023		32,620		63,327		63,612
Due after ten years		30,043		29,757		42,887		42,070
No stated maturity		-		-		27		17
Total investment securities	$	63,069	$	63,361	$	132,474	$	131,702

Principal Value Of Investments Securities Sold



		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2014		2013		2014		2013
Available for sale securities sold	$	11,653	$	6,257	$	26,884	$	22,549
Held to maturity securities sold		-		-		1,228		-
Total sold securities	$	11,653	$	6,257	$	28,112	$	22,549

Gain (Loss) On Investment Sales



		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2014		2013		2014		2013
Gross realized gains-AFS	$	102	$	155	$	294	$	471
Gross realized gains-HTM		-		-		68
Gross realized losses-AFS		-		-		(25)		(257)
Net realized gain	$	102	$	155	$	337	$	214

- 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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