Securities (Tables)

9 Months Ended

Sep. 30, 2013

Securities Tables

Book values and approximate fair values of investment securities

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

	September 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	$	17,500		17,361		27		(166	)		11,500		11,596		96		—
Mortgage-backed securities		149,070		147,523		1,702		(3,249	)		143,539		146,926		3,717		(330	)
Corporate bonds		3,998		3,651		53		(400	)		3,998		3,813		75		(260	)
Equity securities		3,985		4,000		30		(15	)		5,026		5,017		16		(25	)
Total available for sale	$	174,553		172,535		1,812		(3,830	)		164,063		167,352		3,904		(615	)
Securities held to maturity:
State and local governments	$	54,054		56,824		2,779		(9	)		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 September 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	$	8,334		166		—		—		8,334		166
Mortgage-backed securities		74,011		2,986		3,042		263		77,053		3,249
Corporate bonds		—		—		600		400		600		400
Equity securities		—		—		26		15		26		15
State and local governments		1,485		9		—		—		1,485		9
Total temporarily impaired securities	$	83,830		3,161		3,668		678		87,498		3,839

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		20,498		20,412		5,426		5,798
Due after five years but within ten years		—		—		35,388		37,261
Due after ten years		1,000		600		13,240		13,765
Mortgage-backed securities		149,070		147,523		—		—
Total debt securities		170,568		168,535		54,054		56,824
Equity securities		3,985		4,000		—		—
Total securities	$	174,553		172,535		54,054		56,824