Securities Portfolio (Tables)

12 Months Ended

Dec. 31, 2012

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:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(in thousands)
December 31, 2012
Obligations of  U.S. Government agencies	$	570	$	4	$	0	$	574
Total	$	570	$	4	$	0	$	574
December 31, 2011
Obligations of  U.S. Government agencies	$	1,370	$	8	$	0	$	1,378
Obligations of state and political subdivisions		145		3		0		148
Total	$	1,515	$	11	$	0	$	1,526

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:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(in thousands)
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
December 31, 2011
U.S. Treasury securities	$	250	$	0	$	0		$	250
Obligations of  U.S. Government agencies		117,848		1,706		0			119,554
Obligations of state and political subdivisions		11,999		266		(4	)		12,261
Mortgage-backed securities		102,884		396		(52	)		103,228
Money market investments		1,306		0		0			1,306
Total	$	234,287	$	2,368	$	(56	)	$	236,599

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, 2012
	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(in thousands)
Due in one year or less	$	392	$	393	$	270	$	271
Due after one year through five years		39,400		40,794		300		303
Due after five years through ten years		26,749		27,018		0		0
Due after ten years		259,354		260,710		0		0
Total debt securities		325,895		328,915		570		574
Other securities without stated maturities		541		541		0		0
Total securities	$	326,436	$	329,456	$	570	$	574

Information about securities sold

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

	2012		2011
	(in thousands)
Proceeds from sales	$	198,217	$	94,716
Gross realized gains	$	2,313	$	787
Gross realized losses	$	0	$	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, 2012
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross				Gross				Gross				Number
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair		of
	Losses		Value		Losses		Value		Losses		Value		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

	December 31, 2011
	Less Than Twelve Months				More Than Twelve Months				Total
	Gross				Gross				Gross				Number
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair		of
	Losses		Value		Losses		Value		Losses		Value		Securities
	(in thousands)
Securities Available-for-Sale
Debt securities:
Obligations of state and political subdivisions	$	4	$	1,706	$	0	$	0	$	4	$	1,706		2
Mortgage-backed securities		52		29,364		0		0		52		29,364		3
Total securities available-for-sale	$	56	$	31,070	$	0	$	0	$	56	$	31,070		5