Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Amortized Cost And Estimated Fair Values



		June 30, 2015
		Amortized		Unrealized		Unrealized
(Dollars in thousands)		Cost		Gains		Losses		Fair Value
Held To Maturity
US Government agency obligations	$	7,851	$	347	$	-	$	8,198
Government Sponsored Entities (GSE) mortgage-backed securities		3,142		115		-		3,257
Corporate bonds		10,587		320		(15)		10,892
Collateralized mortgage obligations GSE		3,070		18		(12)		3,076
State and municipal tax-exempt		40,577		314		(940)		39,951
Total	$	65,227	$	1,114	$	(967)	$	65,374

Available For Sale
US Government agency obligations	$	60,891	$	95	$	(48)	$	60,938
GSE mortgage-backed securities		54,249		77		(185)		54,141
Collateralized mortgage obligations GSE		18,162		18		(421)		17,759
Corporate bonds		20,426		9		(213)		20,222
State and municipal tax-exempt		13,512		-		(105)		13,407
Equity securities		27		2		(11)		18
Total	$	167,267	$	201	$	(983)	$	166,485



		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



		June 30, 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
Corporate bonds	$	4,191	$	(15)	$	4,191	$	(15)	$	-	$	-
Collateralized mortgage obligations GSE		1,752		(12)		464		(1)		1,288		(11)
State and Municipal tax-exempt		20,804		(940)		10,899		(254)		9,905		(686)
Total	$	26,747	$	(967)	$	15,554	$	(270)	$	11,193	$	(697)
Available For Sale
US Government agency obligations	$	9,361	$	(48)	$	9,361	$	(48)	$	-	$	-
GSE mortgage-backed securities		42,382		(185)		37,721		(104)		4,661		(81)
Collateralized mortgage obligations GSE		13,979		(421)		1,766		(18)		12,213		(403)
Corporate bonds		16,191		(213)		10,264		(141)		5,927		(72)
State and Municipal tax-exempt		13,407		(105)		13,407		(105)		-		-
Equity securities		12		(11)		-		-		12		(11)
Total	$	95,332	$	(983)	$	72,519	$	(416)	$	22,813	$	(567)



		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	$	-	$	-	$	4,102	$	4,102
Due after one year through five years		13,482		13,830		77,725		77,608
Due after five years through ten years		29,327		29,432		51,307		51,241
Due after ten years		22,418		22,112		34,106		33,516
No stated maturity		-		-		27		18
Total investment securities	$	65,227	$	65,374	$	167,267	$	166,485

Principal Value Of Investments Securities Sold



		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2015		2014		2015		2014
Available for sale securities sold	$	5,805	$	11,653	$	9,731	$	26,884
Held to maturity securities sold		-		-		-		1,228
Total sold securities	$	5,805	$	11,653	$	9,731	$	28,112

Gain (Loss) On Investment Sales



		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2015		2014		2015		2014
Gross realized gains-AFS	$	11	$	102	$	64	$	294
Gross realized gains-HTM		-		-		-		68
Gross realized losses-AFS		-		-		-		(25)
Net realized gain	$	11	$	102	$	64	$	337

- 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.

+ References + Details