XML 25 R33.htm IDEA: XBRL DOCUMENT

Note 4 - Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Note 4 - Investment Securities (Tables) [Line Items]

Schedule of Unrealized Loss on Investments [Table Text Block]


December 31, 2013
						Less than 12 months								12 months or longer								Total
		No. of				Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
		securities				value				losses				value				losses				value				losses
U.S. Government agency			44			$	54,563			$	(1,548	)			2,846			$	(154	)		$	57,409			$	(1,702	)
State and municipal			87				33,750				(1,379	)			4,288				(248	)			38,038				(1,627	)
Mortgage-backed			54				75,720				(2,238	)			1,884				(123	)			77,604				(2,361	)
Collateralized mortgage obligations (CMOs)			45				33,622				(1,413	)			18,567				(921	)			52,189				(2,334	)
Pooled trust preferred			5				-				-				1,683				(1,535	)			1,683				(1,535	)
Corporate debt			2				1,987				(13	)			-				-				1,987				(13	)
Equity			3				394				(24	)			136				(20	)			530				(44	)
Total			240			$	200,036			$	(6,615	)		$	29,404			$	(3,001	)		$	229,440			$	(9,616	)

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

Schedule of Pooled Trust Preferred Securities [Table Text Block]


Deal	Class		Book value				Fair value				Unreal-ized 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			$	200			$	(43	)		$	-			$	(1	)	B1/B			5				-				18.0	%			139.7	%
PreTSL V	Mezzanine*			-				-				-				-				(118	)	C/D			-				-				100				12.9
PreTSL XVII	Mezzanine			752				432				(320	)			-				(222	)	C/C			32				5				32.9				79.1
PreTSL XIX	Mezzanine			988				427				(561	)			-				-		C/C			36				13				22.6				82.7
PreTSL XXV	Mezzanine			766				339				(427	)			-				(222	)	C/C			42				6				33				81.1
PreTSL XXVI	Mezzanine			469				285				(184	)			-				(270	)	C/C			40				7				30.2				84.0
PreTSL XXVI	Mezzanine			301				386				85				-				(438	)	C/C			40				7				30.2				84.0
			$	3,519			$	2,069			$	(1,450	)		$	-			$	(1,271	)

Available-for-sale Securities [Member]

Note 4 - Investment Securities (Tables) [Line Items]

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

December 31, 2013
						Gross				Gross
						unrealized				unrealized
		Fair				holding				holding				Amortized
		value				gains				losses				cost
U.S. Government agency		$	71,639			$	195			$	(1,702	)		$	73,146
State and municipal			87,199				1,023				(1,627	)			87,803
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed			139,723				1,436				(2,361	)			140,648
Collateralized mortgage obligations (CMOs)			75,394				556				(2,334	)			77,172
Pooled trust preferred			2,069				85				(1,535	)			3,519
Corporate debt			6,021				24				(13	)			6,010
Equity			6,625				1,127				(44	)			5,542
Total investment securities available-for-sale		$	388,670			$	4,446			$	(9,616	)		$	393,840

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

						Amortized
December 31, 2013		Fair value				cost
Due in one year or less		$	11,706			$	11,524
Due after one year through five years			214,304				214,741
Due after five years through ten years			118,631				122,503
Due after ten years			37,404				39,530
Equity securities			6,625				5,542
Total investment securities available-for-sale		$	388,670			$	393,840

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

December 31,		2013																2012
										Other-than-																Other-than-
		Gross				Gross				temporary								Gross				Gross				temporary
		realized				realized				impairment								realized				realized				impairment
		gains				losses				losses				Net gains				gains				losses				losses				Net gains
Equity securities		$	672			$	-			$	(43	)		$	629			$	556			$	-			$	(105	)		$	451
Debt securities			196				(1	)			-				195				287				(161	)			-				126
Total		$	868			$	(1	)		$	(43	)		$	824			$	843			$	(161	)		$	(105	)		$	577

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

Year ended December 31,		2013				2012
Balance, beginning of year		$	1,271			$	1,279
Reductions: gain on payoff			-				(8	)
Additions:
Initial credit impairments			-				-
Subsequent credit impairments			-				-
Balance, end of year		$	1,271			$	1,271

Held-to-maturity Securities [Member]

Note 4 - Investment Securities (Tables) [Line Items]

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

December 31,

2013

2012

Gross

Gross

Gross

Gross

unrealized

unrealized

unrealized

unrealized

Amortized

holding

holding

Fair

Amortized

holding

holding

Fair

cost

gains

losses

value

cost

gains

losses

value

State and municipal

$

146

$

16

-

$

162

$

146

$

20

-

$

166

Investments Classified by Contractual Maturity Date [Table Text Block]

						Amortized
December 31, 2013		Fair value				cost
Due in one year or less			-				-
Due after one year through five years		$	162			$	146
Due after five years through ten years			-				-
Due after ten years			-				-
Total investment securities held-to-maturity		$	162			$	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.

+ References+ Details