Investment Securities (Tables)

9 Months Ended

Sep. 30, 2014

Amortized Cost And Estimated Fair Values



		September 30, 2014
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,670	$	202	$	-	$	7,872
Government Sponsored Entities (GSE) mortgage-backed securities		3,775		118		-		3,893
Corporate bonds		6,261		497		-		6,758
Collateralized mortgage obligations GSE		3,860		-		(60)		3,800
State and municipal tax-exempt		40,594		455		(611)		40,438
Total	$	62,160	$	1,272	$	(671)	$	62,761

Available For Sale
US Government agency obligations	$	27,443	$	-	$	(191)	$	27,252
GSE mortgage-backed securities		70,016		50		(466)		69,600
Collateralized mortgage obligations GSE		21,496		12		(787)		20,721
Corporate bonds		17,840		19		(130)		17,729
State and municipal tax-exempt		609		-		(1)		608
Equity securities		27		2		(13)		16
Total	$	137,431	$	83	$	(1,588)	$	135,926



		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



		September 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	$	3,800	$	(60)	$	3,800	$	(60)	$	-	$	-
State and Municipal tax-exempt		22,002		(611)		5,148		(6)		16,854		(605)
Total	$	25,802	$	(671)	$	8,948	$	(66)	$	16,854	$	(605)
Available For Sale
US Government agency obligations	$	17,052	$	(191)	$	2,505	$	(5)	$	14,547	$	(186)
GSE mortgage-backed securities		62,496		(466)		55,282		(249)		7,214		(217)
Collateralized mortgage obligations GSE		16,308		(787)		2,363		(64)		13,945		(723)
Corporate bonds		12,685		(130)		8,748		(43)		3,937		(87)
State and Municipal tax-exempt		608		(1)		-		-		608		(1)
Equity securities		11		(13)		-		-		11		(13)
Total	$	109,160	$	(1,588)	$	68,898	$	(361)	$	40,262	$	(1,227)



		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	$	-	$	-	$	3,531	$	3,526
Due after one year through five years		1,003		991		32,077		31,837
Due after five years through ten years		32,433		33,102		65,822		65,587
Due after ten years		28,724		28,668		35,974		34,960
No stated maturity		-		-		27		16
Total investment securities	$	62,160	$	62,761	$	137,431	$	135,926

Principal Value Of Investments Securities Sold



		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2014		2013		2014		2013
Available for sale securities sold	$	6,635	$	8,412	$	34,970	$	30,960
Held to maturity securities sold		385		-		1,613		-
Total sold securities	$	7,020	$	8,412	$	36,583	$	30,960

Gain (Loss) On Investment Sales



		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2014		2013		2014		2013
Gross realized gains-AFS	$	81	$	281	$	375	$	752
Gross realized gains-HTM		5		-		73		-
Gross realized losses-AFS		-		-		(25)		(257)
Net realized gain	$	86	$	281	$	423	$	495

- 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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