Investment Securities (Tables)

3 Months Ended

Mar. 31, 2015

Amortized Cost And Estimated Fair Values



		March 31, 2015
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,790	$	432	$	-	$	8,222
Government Sponsored Entities (GSE) mortgage-backed securities		3,374		146		-		3,520
Corporate bonds		5,390		345		-		5,735
Collateralized mortgage obligations GSE		3,344		34		(6)		3,372
State and municipal tax-exempt		40,582		449		(380)		40,651
Total	$	60,480	$	1,406	$	(386)	$	61,500

Available For Sale
US Government agency obligations	$	60,932	$	136	$	(47)	$	61,021
GSE mortgage-backed securities		60,390		544		(63)		60,871
Collateralized mortgage obligations GSE		19,346		54		(313)		19,087
Corporate bonds		20,501		24		(94)		20,431
State and municipal tax-exempt		10,913		137		-		11,050
Equity securities		27		2		(11)		18
Total	$	172,109	$	897	$	(528)	$	172,478



		December 31, 2014
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,730	$	343	$	-	$	8,073
Government Sponsored Entities (GSE) mortgage-backed securities		3,579		133		-		3,712
Corporate bonds		3,951		324		-		4,275
Collateralized mortgage obligations GSE		3,605		3		(29)		3,579
State and municipal tax-exempt		40,589		418		(547)		40,460
Total	$	59,454	$	1,221	$	(576)	$	60,099

Available For Sale
US Government agency obligations	$	61,547	$	4	$	(197)	$	61,354
GSE mortgage-backed securities		66,669		189		(135)		66,723
Collateralized mortgage obligations GSE		20,499		8		(496)		20,011
Corporate bonds		13,208		-		(106)		13,102
State and municipal tax-exempt		10,917		87		(10)		10,994
Equity securities		27		2		(11)		18
Total	$	172,867	$	290	$	(955)	$	172,202

Unrealized Losses And Fair Value



		March 31, 2015
						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	$	1,412	$	(6)	$	-	$	-	$	1,412	$	(6)
State and Municipal tax-exempt		16,364		(380)		6,111		(42)		10,253		(338)
Total	$	17,776	$	(386)	$	6,111	$	(42)	$	11,665	$	(344)
Available For Sale
US Government agency obligations	$	5,007	$	(47)	$	5,007	$	(47)	$	-	$	-
GSE mortgage-backed securities		6,952		(63)		2,092		(7)		4,860		(56)
Collateralized mortgage obligations GSE		13,009		(313)		-		-		13,009		(313)
Corporate bonds		10,245		(94)		7,803		(36)		2,442		(58)
Equity securities		12		(11)		-		-		12		(11)
Total	$	35,225	$	(528)	$	14,902	$	(90)	$	20,323	$	(438)



		December 31, 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	$	3,043	$	(29)	$	3,043	$	(29)	$	-	$	-
State and municipal tax-exempt		19,054		(547)		2,138		(7)		16,916		(540)
Total	$	22,097	$	(576)	$	5,181	$	(36)	$	16,916	$	(540)
Available For Sale
US Government agency obligations	$	56,342	$	(197)	$	49,222	$	(97)	$	7,120	$	(100)
GSE mortgage-backed securities		22,157		(135)		14,996		(38)		7,161		(97)
Collateralized mortgage obligations GSE		18,133		(496)		3,669		(5)		14,464		(491)
Corporate bonds		13,102		(106)		9,531		(31)		3,571		(75)
State and municipal tax-exempt		2,967		(10)		2,360		(9)		607		(1)
Equity securities		12		(11)		-		-		12		(11)
Total	$	112,713	$	(955)	$	79,778	$	(180)	$	32,935	$	(775)

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	$	-	$	-	$	1,500	$	1,497
Due after one year through five years		10,649		11,079		69,968		69,989
Due after five years through ten years		24,014		24,408		63,211		63,729
Due after ten years		25,817		26,013		37,403		37,245
No stated maturity		-		-		27		18
Total investment securities	$	60,480	$	61,500	$	172,109	$	172,478

Principal Value Of Investments Securities Sold



		Three Months Ended
		March 31,
(Dollars in thousands)		2015		2014
Available for sale securities sold	$	3,926	$	15,228
Held to maturity securities sold		-		1,228
Total sold securities	$	3,926	$	16,456

Gain (Loss) On Investment Sales



		Three Months Ended
		March 31,
(Dollars in thousands)		2015		2014
Gross realized gains-AFS	$	53	$	192
Gross realized gains-HTM		-		68
Gross realized losses-AFS		-		(25)
Net realized gain	$	53	$	235

- 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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