Securities (Tables)

3 Months Ended

Mar. 31, 2013

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:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(in thousands)
March 31, 2013
Obligations of  U.S. Government agencies	$	570	$	3	$	0	$	573
December 31, 2012
Obligations of  U.S. Government agencies	$	570	$	4	$	0	$	574

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:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(in thousands)
March 31, 2013
Obligations of  U.S. Government agencies	$	35,377	$	1,113	$	(74	)	$	36,416
Obligations of state and political subdivisions		48,663		413		(814	)		48,262
Mortgage-backed securities		235,505		1,165		(1,396	)		235,274
Money market investments		697		0		0			697
Corporate bonds		1,000		0		(4	)		996
Total	$	321,242	$	2,691	$	(2,288	)	$	321,645
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

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

The following table shows 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. The Company had no held-to-maturity securities with unrealized losses at March 31, 2013 or December 31, 2012.

	March 31, 2013
	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 U.S. Government agencies	$	74	$	4,935	$	0	$	0	$	74	$	4,935		1
Obligations of state and political subdivisions		814		29,063		0		0		814		29,063		46
Mortgage-backed securities		1,396		140,147		0		0		1,396		140,147		13
Corporate bonds and other securities		4		696		0		0		4		696		7
Total securities available-for-sale	$	2,288	$	174,841	$	0	$	0	$	2,288	$	174,841		67

	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
Debt securities:
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