Securities Portfolio (Tables)

12 Months Ended

Dec. 31, 2013

Securities Portfolio [Abstract]

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

The amortized cost and fair value, with gross unrealized gains and losses, of securities held-to-maturity were:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
December 31, 2013
Obligations of  U.S. Government agencies	$	400	$	1	$	(5	)	$	396
Obligations of state and political subdivisions		30,120		29		(715	)		29,434
Mortgage-backed securities		66,327		1,296		0			67,623
Total	$	96,847	$	1,326	$	(720	)	$	97,453
December 31, 2012
Obligations of  U.S. Government agencies	$	570	$	4	$	0		$	574

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

The amortized cost and fair value, with gross unrealized gains and losses, of securities available-for-sale were:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
December 31, 2013
Obligations of  U.S. Government agencies	$	15,189	$	263	$	(428	)	$	15,024
Obligations of state and political subdivisions		51,032		86		(4,018	)		47,100
Mortgage-backed securities		94,685		0		(3,935	)		90,750
Money market investments		691		0		0			691
Corporate bonds		2,098		1		(25	)		2,074
Total	$	163,695	$	350	$	(8,406	)	$	155,639
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		700		0		(2	)		698
Total	$	326,436	$	3,992	$	(972	)	$	329,456

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities by contractual maturity are shown below.

	December 31, 2013
	Available-for-Sale						Held-to-Maturity
	Amortized Cost			Fair Value			Amortized Cost			Fair Value
	(in thousands)
Due in one year or less		$	170		$	171		$	300		$	301
Due after one year through five years			13,004			13,256			1,273			1,264
Due after five years through ten years			8,860			8,707			16,841			16,612
Due after ten years			140,970			132,814			78,433			79,276
Total debt securities			163,004			154,948			96,847			97,453
Other securities without stated maturities			691			691			0			0
Total securities		$	163,695		$	155,639		$	96,847		$	97,453

Information about securities sold

The following table provides information about securities sold in the years ended December 31:

	2013			2012
	(in thousands)
Proceeds from sales		$	63,637		$	198,217
Gross realized gains		$	191		$	2,313
Gross realized losses		$	217		$	0

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

The following table shows the number of securities with unrealized losses, 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:

	December 31, 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
Obligations of U.S. Government agencies	$	0	$	0	$	428	$	4,403	$	428	$	4,403		1
Obligations of state and political subdivisions		3,246		36,235		772		6,450		4,018		42,685		82
Mortgage-backed securities		3,321		81,664		614		9,086		3,935		90,750		12
Corporate bonds and other securities		19		1,279		6		295		25		1,574		12
Total securities available-for-sale	$	6,586	$	119,178	$	1,820	$	20,234	$	8,406	$	139,412		107
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	5	$	95	$	5	$	95		1
Obligations of state and political subdivisions		715		23,765		0		0		715		23,765		50
Total securities held-to-maturity	$	715	$	23,765	$	5	$	95	$	720	$	23,860		51
Total Securities	$	7,301	$	142,943	$	1,825	$	20,329	$	9,126	$	163,272		158

	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
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