Investments (Tables)

12 Months Ended

Dec. 31, 2014



(Dollars in thousands)			Gross		Gross
	Amortized		unrealized		unrealized		Fair
2014	cost		gains		losses		value
Equity securities	$	274	$	779	$	-	$	1,053
U.S. Government and Agency securities		15,854		173		(64)		15,963
Municipal securities		66,832		1,826		(292)		68,366
Trust preferred securities		5,940		-		(803)		5,137
Agency mortgage-backed securities		78,779		932		(217)		79,494
Private-label mortgage-backed securities		1,675		35		(15)		1,695
Asset-backed securities		45		-		(2)		43
	$	169,399	$	3,745	$	(1,393)	$	171,751



(Dollars in thousands)			Gross		Gross
	Amortized		unrealized		unrealized		Fair
2013	cost		gains		losses		value
Equity securities	$	1,472	$	499	$	(1)	$	1,970
U.S. Government agency securities		11,771		94		(114)		11,751
Municipal securities		56,861		1,400		(1,404)		56,857
Corporate debt securities		1,002		-		(1)		1,001
Trust preferred securities		5,922		-		(871)		5,051
Agency mortgage-backed securities		81,352		726		(1,051)		81,027
Private-label mortgage-backed securities		1,984		16		(31)		1,969
Asset-backed securities		51		-		(3)		48
	$	160,415	$	2,735	$	(3,476)	$	159,674

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity




	Amortized		Fair
(Dollars in thousands)	cost		value
Due in one year or less	$	5,645	$	5,723
Due after one year through five years		10,401		10,670
Due after five years through ten years		30,142		30,689
Due after ten years		42,483		42,427
		88,671		89,509
Mortgage-backed securities		80,454		81,189
	$	169,125	$	170,698

Gain (Loss) On Investments



(Dollars in thousands)	2014		2013		2012
Gross gains realized	$	284	$	185	$	45
Gross losses realized		(4)		(152)		(1)
Net gains realized	$	280	$	33	$	44

Schedule Of Unrealized Loss On Investments



	December 31, 2014
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses		Count	Value		Losses		Count	Value		Losses		Count

U.S. Government and Agency securities	$	4	$	-	1	$	7,207	$	(64)	14	$	7,211	$	(64)	15
Municipal securities		5,651		(33)	9		9,441		(259)	14		15,092		(292)	23
Trust preferred securities		-		-	-		5,137		(803)	7		5,137		(803)	7
Agency mortgage-backed securities		9,304		(60)	13		8,199		(157)	10		17,503		(217)	23
Private-label mortgage-backed securities		-		-	-		540		(15)	1		540		(15)	1
Asset-backed securities		-		-	-		5		(2)	1		5		(2)	1
Total temporarily impaired securities	$	14,959	$	(93)	23	$	30,529	$	(1,300)	47	$	45,488	$	(1,393)	70



	December 31, 2013
	Less than 12 months					12 months or more					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses		Count	Value		Losses		Count	Value		Losses		Count

Equity securities	$	22	$	(1)	1	$	-	$	-	-	$	22	$	(1)	1
U.S. Government agency securities		3,971		(85)	7		3,807		(29)	7		7,778		(114)	14
Municipal securities		16,770		(1,022)	24		3,160		(382)	4		19,930		(1,404)	28
Corporate debt securities		-		-	-		1,001		(1)	1		1,001		(1)	1
Trust preferred securities		-		-	-		5,051		(871)	7		5,051		(871)	7
Agency mortgage-backed securities		40,395		(999)	38		2,213		(52)	4		42,608		(1,051)	42
Private-label mortgage-backed securities		-		-	-		911		(31)	2		911		(31)	2
Asset-backed securities		-		-	-		48		(3)	3		48		(3)	3
Total temporarily impaired securities	$	61,158	$	(2,107)	70	$	16,191	$	(1,369)	28	$	77,349	$	(3,476)	98

Schedule Of Trust Preferred Securities


(Dollars in thousands)
Deal Name	Maturity	Single Issuer or Pooled	Class	Amortized Cost		Fair Value		Gross Unrealized Gain (Loss)		Lowest Credit Rating Assigned

BankAmerica Cap III	1/15/2027	Single	Preferred Stock	$	962	$	811	$	(151)	BB
Wachovia Cap Trust II	1/15/2027	Single	Preferred Stock		277		253		(24)	BBB
Huntington Cap Trust	2/1/2027	Single	Preferred Stock		939		795		(144)	BB
Corestates Captl Tr II	2/15/2027	Single	Preferred Stock		935		845		(90)	BBB+
Huntington Cap Trust II	6/15/2028	Single	Preferred Stock		890		768		(122)	BB
Chase Cap VI JPM	8/1/2028	Single	Preferred Stock		962		848		(114)	BBB-
Fleet Cap Tr V	12/18/2028	Single	Preferred Stock		975		817		(158)	BB
				$	5,940	$	5,137	$	(803)

Private Label Mortgage Backed Securities


(Dollars in thousands)						Gross					Cumulative
	Origination	Amortized		Fair		Unrealized		Collateral	Lowest Credit	Credit	OTTI
Description	Date	Cost		Value		Gain (Loss)		Type	Rating Assigned	Support %	Charges
RALI 2004-QS4 A7	3/1/2004	$	83	$	86	$	3	ALT A	BBB+	12.22	$	-
MALT 2004-6 7A1	6/1/2004		411		421		10	ALT A	CCC	14.14		-
RALI 2005-QS2 A1	2/1/2005		262		274		12	ALT A	CC	5.86		10
RALI 2006-QS4 A2	4/1/2006		555		540		(15)	ALT A	D	-		293
GSR 2006-5F 2A1	5/1/2006		83		89		6	Prime	D	-		15
RALI 2006-QS8 A1	7/28/2006		281		285		4	ALT A	D	-		217
		$	1,675	$	1,695	$	20				$	535

Other Than Temporary Impairment, Credit Losses Recognized In Earnings




(Dollars in thousands)	Twelve Months Ended
	2014			2013
Balance of cumulative credit-related OTTI at January 1	$	515	$	490
Additions for credit-related OTTI not previously recognized		20		25
Additional increases for credit-related OTTI previously recognized when there is no intent to sell
and no requirement to sell before recovery of amortized cost basis		-		-
Decreases for previously recognized credit-related OTTI because there was an intent to sell		-		-
Reduction for increases in cash flows expected to be collected		-		-
Balance of credit-related OTTI at December 31	$	535	$	515

- 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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- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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