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Note 7 - Investment Securities (Tables)

6 Months Ended

Jun. 30, 2014

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

Trading Securities [Table Text Block]


		Fair
June 30, 2014		value
State and municipal securities		$	4,531

Schedule of Unrealized Loss on Investments [Table Text Block]


June 30, 2014
						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			25			$	1,996			$	(2	)		$	29,772			$	(621	)		$	31,768			$	(623	)
State and municipal			54				3,780				(23	)			19,973				(372	)			23,753				(395	)
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed			34				2,771				(8	)			45,702				(798	)			48,473				(806	)
Collateralized mortgage obligations (CMOs)			39				3,138				(26	)			42,683				(1,499	)			45,821				(1,525	)
Pooled trust preferred			5				-				-				1,942				(1,276	)			1,942				(1,276	)
Equity			4				939				(49	)			-				-				939				(49	)
Total			161			$	12,624			$	(108	)		$	140,072			$	(4,566	)		$	152,696			$	(4,674	)


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	)
U.S. Government agencies and sponsored enterprises (GSEs):
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	)

Schedule of Pooled Trust Preferred Securities [Table Text Block]


Deal		Class		Book value				Fair value				Unreal-ized gains (losses)				Realized OTTI credit loss (YTD 2014)				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			$	205			$	(38	)		$	-			$	(1	)		B1/B			5				-				18.0	%			140.0	%
PreTSL V		Mezzanine*			-				-				-				-				(118	)		C/D			-				-				100.0				13.2
PreTSL XVII		Mezzanine			752				492				(260	)			-				(222	)		C/C			32				5				29.1				84.4
PreTSL XIX		Mezzanine			988				497				(491	)			-				-			C/C			38				12				15.9				87.9
PreTSL XXV		Mezzanine			766				413				(353	)			-				(222	)		C/C			45				6				29.3				86.4
PreTSL XXVI		Mezzanine			469				335				(134	)			-				(270	)		C/C			40				7				29.0				86.2
PreTSL XXVI		Mezzanine			301				451				150				-				(438	)		C/C			40				7				29.0				86.2
				$	3,519			$	2,393			$	(1,126	)		$	-			$	(1,271	)

Available-for-sale Securities [Member]

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

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


June 30, 2014		Fair value				Gross unrealized holding gains				Gross unrealized holding losses				Amortized cost
U.S. Government agency		$	52,056			$	242			$	(623	)		$	52,437
State and municipal			79,120				1,587				(395	)			77,928
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed			127,338				2,044				(806	)			126,100
Collateralized mortgage obligations (CMOs)			70,656				510				(1,525	)			71,671
Pooled trust preferred			2,393				150				(1,276	)			3,519
Corporate debt			6,055				46				-				6,009
Equity			6,659				799				(49	)			5,909
Total investment securities available-for-sale		$	344,277			$	5,378			$	(4,674	)		$	343,573


December 31, 2013		Fair value				Gross unrealized holding gains				Gross unrealized holding losses				Amortized 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

Investments Classified by Contractual Maturity Date [Table Text Block]


						Amortized
June 30, 2014		Fair value				cost
Due in one year or less		$	12,302			$	12,128
Due after one year through five years			199,396				198,404
Due after five years through ten years			94,352				94,984
Due after ten years			31,568				32,148
Equity securities			6,659				5,909
Total investment securities available-for-sale		$	344,277			$	343,573

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


		Six months ended June 30, 2014																Six months ended June 30, 2013
		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		$	870			$	(6	)		$	-			$	864			$	369			$	-			$	(43	)		$	326
Debt securities			137				(94	)			-				43				190				-				-				190
Total		$	1,007			$	(100	)		$	-			$	907			$	559			$	-			$	(43	)		$	516

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


Six months ended June 30,		2014				2013
Balance, beginning of period		$	1,271			$	1,271
Reductions: gain on payoff			-				-
Additions:
Initial credit impairments			-				-
Subsequent credit impairments			-				-
Balance, end of period		$	1,271			$	1,271

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, 2014																December 31, 2013
		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			$	14				-			$	160			$	146			$	16				-			$	162

Investments Classified by Contractual Maturity Date [Table Text Block]


						Amortized
June 30, 2014		Fair value				cost
Due in one year or less			-				-
Due after one year through five years		$	160			$	146
Due after five years through ten years			-				-
Due after ten years			-				-
Total investment securities held-to-maturity		$	160			$	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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Tabular disclosure of investments in trading securities.

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