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Note 7 - Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Note 7 - Investment Securities (Tables) [Line Items]

Schedule of Unrealized Loss on Investments [Table Text Block]

June 30, 2013
						Less than 12 months								12 months or longer								Total
		No. of securities				Fair value				Unrealized losses				Fair value				Unrealized losses				Fair value				Unrealized losses
U.S. Government agency securities			43			$	53,172			$	1,455				-				-			$	53,172			$	1,455
State and municipal securities			73				32,706				1,331				-				-				32,706				1,331
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			45				68,335				1,694				-				-				68,335				1,694
Collateralized mortgage obligations (CMOs)			45				57,461				1,458			$	1,507			$	25				58,968				1,483
Pooled trust preferred securities			5				-				-				1,708				1,509				1,708				1,509
Corporate debt securities			3				2,972				31				-				-				2,972				31
Equity securities			6				675				47				133				23				808				70
Total			220			$	215,321			$	6,016			$	3,348			$	1,557			$	218,669			$	7,573

December 31, 2012
						Less than 12 months								12 months or longer								Total
		No. of securities				Fair value				Unrealized losses				Fair value				Unrealized losses				Fair value				Unrealized losses
U.S. Government agency securities			4			$	3,992			$	19				-				-			$	3,992			$	19
State and municipal securities			15				6,472				91				-				-				6,472				91
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			9				13,439				33				-				-				13,439				33
Collateralized mortgage obligations (CMOs)			19				28,396				155				-				-				28,396				155
Pooled trust preferred securities			5				-				-			$	1,609			$	1,608				1,609				1,608
Equity securities			7				587				45				272				42				859				87
Total			59			$	52,886			$	343			$	1,881			$	1,650			$	54,767			$	1,993


Deal	Class		Book value				Fair value				Unrealized gains (losses)				Realized OTTI credit loss (YTD 2013)				Total recognized OTTI credit loss			Moody's /Fitch ratings		Current number of performing banks				Current number of performing insurance companies				Actual deferrals and defaults as a % of total collateral				Total performing collateral as a % of outstanding bonds
PreTSL IV	Mezzanine*		$	243			$	201			$	(42	)		$	-			$	(1	)	Caa2/CCC			5				-				18.0	%			139.5	%
PreTSL V	Mezzanine*			-				-				-				-				(118	)	C/D			-				-				100.0				12.5
PreTSL XVII	Mezzanine			752				439				(313	)			-				(222	)	C/C			30				4				38.8				71.2
PreTSL XIX	Mezzanine			988				431				(557	)			-				-		C/C			35				13				22.9				81.8
PreTSL XXV	Mezzanine			766				356				(410	)			-				(222	)	C/C			41				6				33.5				79.8
PreTSL XXVI	Mezzanine			469				282				(187	)			-				(270	)	C/C			40				7				30.2				83.5
PreTSL XXVI	Mezzanine			301				382				81				-				(438	)	C/C			40				7				30.2				83.5
			$	3,519			$	2,091			$	(1,428	)		$	-			$	(1,271	)

Available-for-sale Securities [Member]

Note 7 - Investment Securities (Tables) [Line Items]

Unrealized Gain (Loss) on Investments [Table Text Block]


June 30, 2013		Fair value				Gross unrealized holding gains				Gross unrealized holding losses				Amortized cost
U.S. Government agency securities		$	70,474			$	251			$	1,455			$	71,678
State and municipal securities			86,715				1,472				1,331				86,574
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			126,945				1,493				1,694				127,146
Collateralized mortgage obligations (CMOs)			85,678				679				1,483				86,482
Pooled trust preferred securities			2,091				81				1,509				3,519
Corporate debt securities			3,991				16				31				4,006
Equity securities			4,470				526				70				4,014
Total investment securities available-for-sale		$	380,364			$	4,518			$	7,573			$	383,419

December 31, 2012		Fair value				Gross unrealized holding gains				Gross unrealized holding losses				Amortized cost
U.S. Government agency securities		$	104,130			$	750			$	19			$	103,399
State and municipal securities			86,789				3,141				91				83,739
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			107,973				3,169				33				104,837
Collateralized mortgage obligations (CMOs)			94,091				1,188				155				93,058
Pooled trust preferred securities			1,962				51				1,608				3,519
Corporate debt securities			2,502				44				-				2,458
Equity securities			4,055				402				87				3,740
Total investment securities available-for-sale		$	401,502			$	8,745			$	1,993			$	394,750

Investments Classified by Contractual Maturity Date [Table Text Block]


June 30, 2013		Fair value				Amortized cost
Due in one year or less		$	9,498			$	9,349
Due after one year through five years			202,245				201,228
Due after five years through ten years			119,304				122,291
Due after ten years			44,847				46,537
Equity securities			4,470				4,014
Total investment securities available-for-sale		$	380,364			$	383,419

Realized Gain (Loss) on Investments [Table Text Block]


		Six months ended June 30, 2013																Six months ended June 30, 2012
		Gross realized gains				Gross realized losses				Other-than- temporary impairment losses				Net gains				Gross realized gains				Gross realized losses				Other-than- temporary impairment losses				Net gains
Equity securities		$	369			$	-			$	(43	)		$	326			$	427			$	-			$	-			$	427
Debt securities			190				-				-				190				107				(4	)			-				103
Total		$	559			$	-			$	(43	)		$	516			$	534			$	(4	)		$	-			$	530

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]


Six months ended June 30,		2013				2012
Balance, beginning of period		$	1,271			$	1,279
Reductions: gain on payoff			-				-
Additions:
Initial credit impairments			-				-
Subsequent credit impairments			-				-
Balance, end of period		$	1,271			$	1,279

Held-to-maturity Securities [Member]

Note 7 - Investment Securities (Tables) [Line Items]

Unrealized Gain (Loss) on Investments [Table Text Block]

Held-To-Maturity
		June 30, 2013																December 31, 2012
		Amortized cost				Gross unrealized holding gains				Gross unrealized holding losses				Fair value				Amortized cost				Gross unrealized holding gains				Gross unrealized holding losses				Fair value
State and municipal securities		$	146			$	17				-			$	163			$	146			$	20				-			$	166

Investments Classified by Contractual Maturity Date [Table Text Block]

June 30, 2013		Fair value				Amortized cost
Due in one year or less			-				-
Due after one year through five years		$	163			$	146
Due after five years through ten years			-				-
Due after ten years			-				-
Total investment securities held-to-maturity		$	163			$	146

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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