Securities (Tables)

6 Months Ended

Jun. 30, 2013

Securities Tables

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at June 30, 2013 and December 31, 2012 are summarized as follows:

	June 30, 2013									December 31, 2012
	Amortized		Fair		Unrealized					Amortized		Fair		Unrealized
($ in thousands)	Cost		Value		Gains		(Losses)			Cost		Value		Gains		(Losses)
Securities available for sale:
Government-sponsored enterprise securities	$	14,500		14,459		40		(81	)		11,500		11,596		96		—
Mortgage-backed securities		163,028		164,527		2,764		(1,265	)		143,539		146,926		3,717		(330	)
Corporate bonds		3,998		3,656		58		(400	)		3,998		3,813		75		(260	)
Equity securities		3,985		3,992		25		(18	)		5,026		5,017		16		(25	)
Total available for sale	$	185,511		186,634		2,887		(1,764	)		164,063		167,352		3,904		(615	)
Securities held to maturity:
State and local governments	$	54,361		58,376		4,015		—			56,064		61,496		5,432		—

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at June 30, 2013:

($ in thousands)	Securities in an Unrealized Loss Position for Less than 12 Months				Securities in an Unrealized Loss Position for More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Government-sponsored enterprise securities	$	5,419		81		—		—		5,419		81
Mortgage-backed securities		64,626		1,265		—		—		64,626		1,265
Corporate bonds		—		—		600		400		600		400
Equity securities		—		—		31		18		31		18
State and local governments		—		—		—		—		—		—
Total temporarily impaired securities	$	70,045		1,346		631		418		70,676		1,764

The following table presents information regarding securities with unrealized losses at December 31, 2012:

($ in thousands)	Securities in an Unrealized Loss Position for Less than 12 Months				Securities in an Unrealized Loss Position for More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Government-sponsored enterprise securities	$	—		—		—		—		—		—
Mortgage-backed securities		26,330		330		—		—		26,330		330
Corporate bonds		—		—		740		260		740		260
Equity securities		—		—		30		25		30		25
State and local governments		—		—		—		—		—		—
Total temporarily impaired securities	$	26,330		330		770		285		27,100		615

Schedule of book values and approximate fair values of investment securities by contractual maturity

Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Securities Available for Sale				Securities Held to Maturity
	Amortized		Fair		Amortized		Fair
($ in thousands)	Cost		Value		Cost		Value
Debt securities
Due within one year	$	—		—		—		—
Due after one year but within five years		17,498		17,515		5,428		5,868
Due after five years but within ten years		—		—		35,449		38,127
Due after ten years		1,000		600		13,484		14,381
Mortgage-backed securities		163,028		164,527		—		—
Total debt securities		181,526		182,642		54,361		58,376
Equity securities		3,985		3,992		—		—
Total securities	$	185,511		186,634		54,361		58,376