Securities (Tables)

3 Months Ended

Mar. 31, 2014

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)
March 31, 2014
Obligations of  U.S. Government agencies	$	400	$	1	$	(4	)	$	397
Obligations of state and political subdivisions		29,973		148		(329	)		29,792
Mortgage-backed securities		65,133		1,689		0			66,822
Total	$	95,506	$	1,838	$	(333	)	$	97,011
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

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)
March 31, 2014
Obligations of  U.S. Government agencies	$	14,961	$	256	$	(347	)	$	14,870
Obligations of state and political subdivisions		50,732		144		(2,535	)		48,341
Mortgage-backed securities		92,309		0		(3,185	)		89,124
Money market investments		722		0		0			722
Corporate bonds		2,098		2		(19	)		2,081
Other marketable equity securities		100		0		(21	)		79
Total	$	160,922	$	402	$	(6,107	)	$	155,217
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

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

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

	March 31, 2014
	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	$	0	$	0	$	347	$	4,260	$	347	$	4,260		1
Obligations of state and political subdivisions		932		22,639		1,603		16,656		2,535		39,295		71
Mortgage-backed securities		2,668		80,134		517		8,990		3,185		89,124		12
Corporate bonds		15		1,284		4		296		19		1,580		12
Total debt securities		3,615		104,057		2,471		30,202		6,086		134,259		96
Other marketable equity securities		21		79		0		0		21		79		1
Total securities available-for-sale	$	3,636	$	104,136	$	2,471	$	30,202	$	6,107	$	134,338		97
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	4	$	96	$	4	$	96		1
Obligations of state and political subdivisions		329		16,504		0		0		329		16,504		34
Total securities held-to-maturity	$	329	$	16,504	$	4	$	96	$	333	$	16,600		35
Total securities	$	3,965	$	120,640	$	2,475	$	30,298	$	6,440	$	150,938		132

	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
Debt securities:
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		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