Securities (Tables)

9 Months Ended

Sep. 30, 2013

Securities [Abstract]

Amortized costs and fair value of securities held-to-maturity

Amortized costs and fair values of securities held-to-maturity as of the dates indicated are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
June 30, 2013
Obligations of  U.S. Government agencies	$	570	$	3	$	(3	)	$	570
Obligations of state and political subdivisions		10,843		9		(19	)		10,833
Total	$	11,413	$	12	$	(22	)	$	11,403
December 31, 2012
Obligations of  U.S. Government agencies	$	570	$	4	$	0		$	574

Amortized costs and fair value of securities available-for-sale

Amortized costs and fair values of securities available-for-sale as of the dates indicated are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
June 30, 2013
Obligations of  U.S. Government agencies	$	25,372	$	551	$	(118	)	$	25,805
Obligations of state and political subdivisions		50,997		160		(2,393	)		48,764
Mortgage-backed securities		189,456		0		(7,613	)		181,843
Money market investments		801		0		0			801
Corporate bonds		1,399		0		(29	)		1,370
Total	$	268,025	$	711	$	(10,153	)	$	258,583
December 31, 2012
Obligations of  U.S. Government agencies	$	35,787	$	1,314	$	(13	)	$	37,088
Obligations of state and political subdivisions		43,276		712		(214	)		43,774
Mortgage-backed securities		246,132		1,966		(743	)		247,355
Money market investments		541		0		0			541
Corporate bonds and other securities		700		0		(2	)		698
Total	$	326,436	$	3,992	$	(972	)	$	329,456

Available-for-sale securities and Held-to-maturity securities, continuous unrealized loss position

The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are deemed to be temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated. The Company had no held-to-maturity securities with unrealized losses at December 31, 2012.

	June 30, 2013
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Number of Securities
	(in thousands)
Securities Available-for-Sale
Debt securities:
Obligations of U.S. Government agencies	$	118	$	4,890	$	0	$	0	$	118	$	4,890		1
Obligations of state and political subdivisions		2,393		37,905		0		0		2,393		37,905		69
Mortgage-backed securities		7,613		181,843		0		0		7,613		181,843		19
Corporate bonds		29		1,370		0		0		29		1,370		11
Total securities available-for-sale	$	10,153	$	226,008	$	0	$	0	$	10,153	$	226,008		100
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	3	$	97	$	0	$	0	$	3	$	97		1
Obligations of state and political subdivisions		19		857		0		0		19		857		1
Total securities held-to-maturity	$	22	$	954	$	0	$	0	$	22	$	954		2

	December 31, 2012
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Number of Securities
	(in thousands)
Securities Available-for-Sale
Debt securities:
Obligations of U. S. Government agencies	$	13	$	5,103	$	0	$	0	$	13	$	5,103		1
Obligations of state and political subdivisions		214		9,535		0		0		214		9,535		24
Mortgage-backed securities		743		104,066		0		0		743		104,066		9
Corporate bonds and other securities		2		700		0		0		2		700		2
Total securities available-for-sale	$	972	$	119,404	$	0	$	0	$	972	$	119,404		36