Securities (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2014
Obligations of  U.S. Government agencies	$	400	$	0	$	(3	)	$	397
Obligations of state and political subdivisions		29,826		326		(78	)		30,074
Mortgage-backed securities		63,764		2,856		0			66,620
Total	$	93,990	$	3,182	$	(81	)	$	97,091
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)
June 30, 2014
Obligations of  U.S. Government agencies	$	14,956	$	260	$	(285	)	$	14,931
Obligations of state and political subdivisions		50,601		291		(1,397	)		49,495
Mortgage-backed securities		78,249		3		(1,627	)		76,625
Money market investments		614		0		0			614
Corporate bonds		2,298		4		(11	)		2,291
Other marketable equity securities		100		0		(16	)		84
Total	$	146,818	$	558	$	(3,336	)	$	144,040
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.

	June 30, 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
	(dollars in thousands)
Securities Available-for-Sale
Debt securities:
Obligations of U.S. Government agencies	$	0	$	0	$	285	$	4,320	$	285	$	4,320		1
Obligations of state and political subdivisions		29		4,983		1,368		27,004		1,397		31,987		55
Mortgage-backed securities		0		0		1,627		63,446		1,627		63,446		8
Corporate bonds		2		398		9		791		11		1,189		10
Total debt securities		31		5,381		3,289		95,561		3,320		100,942		74
Other marketable equity securities		16		84		0		0		16		84		1
Total securities available-for-sale	$	47	$	5,465	$	3,289	$	95,561	$	3,336	$	101,026		75
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	3	$	97	$	3	$	97		1
Obligations of state and political subdivisions		14		3,625		64		3,213		78		6,838		14
Total securities held-to-maturity	$	14	$	3,625	$	67	$	3,310	$	81	$	6,935		15
Total securities	$	61	$	9,090	$	3,356	$	98,871	$	3,417	$	107,961		90

	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
	(dollars 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