Securities (Tables)

9 Months Ended

Sep. 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)
September 30, 2014
Obligations of  U.S. Government agencies	$	100	$	0	$	(3	)	$	97
Obligations of state and political subdivisions		29,678		454		(37	)		30,095
Mortgage-backed securities		62,032		2,805		0			64,837
Total	$	91,810	$	3,259	$	(40	)	$	95,029
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)
September 30, 2014
Obligations of  U.S. Government agencies	$	14,816	$	237	$	(250	)	$	14,803
Obligations of state and political subdivisions		50,469		451		(735	)		50,185
Mortgage-backed securities		75,733		0		(1,782	)		73,951
Money market investments		702		0		0			702
Corporate bonds		2,698		3		(13	)		2,688
Other marketable equity securities		100		0		(16	)		84
Total	$	144,518	$	691	$	(2,796	)	$	142,413
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.

	September 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	$	250	$	4,219	$	250	$	4,219		1
Obligations of state and political subdivisions		1		1,433		734		23,560		735		24,993		44
Mortgage-backed securities		111		12,554		1,671		61,397		1,782		73,951		10
Corporate bonds		3		796		10		790		13		1,586		12
Total debt securities		115		14,783		2,665		89,966		2,780		104,749		67
Other marketable equity securities		16		84		0		0		16		84		1
Total securities available-for-sale	$	131	$	14,867	$	2,665	$	89,966	$	2,796	$	104,833		68
Securities Held-to-Maturity
Obligations of U.S. Government agencies	$	0	$	0	$	3	$	97	$	3	$	97		1
Obligations of state and political subdivisions		0		0		37		2,676		37		2,676		5
Total securities held-to-maturity	$	0	$	0	$	40	$	2,773	$	40	$	2,773		6
Total securities	$	131	$	14,867	$	2,705	$	92,739	$	2,836	$	107,606		74

	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