Securities (Tables)

6 Months Ended

Jun. 30, 2014

Securities Tables

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at June 30, 2014 and December 31, 2013 are summarized as follows:

	June 30, 2014									December 31, 2013
	Amortized		Fair		Unrealized					Amortized		Fair		Unrealized
($ in thousands)	Cost		Value		Gains		(Losses)			Cost		Value		Gains		(Losses)
Securities available for sale:
Government-sponsored enterprise securities	$	12,555		12,459		—		(96	)		18,432		18,245		32		(219	)
Mortgage-backed securities		106,173		104,699		436		(1,910	)		148,646		147,187		1,415		(2,874	)
Corporate bonds		1,000		790		—		(210	)		3,999		3,598		44		(445	)
Equity securities		6,105		6,130		39		(14	)		3,984		4,011		40		(13	)
Total available for sale	$	125,833		124,078		475		(2,230	)		175,061		173,041		1,531		(3,551	)
Securities held to maturity:
State and local governments	$	53,879		57,612		3,733		—			53,995		56,700		2,709		(4	)

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at June 30, 2014:

($ 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	$	6,539		16		5,920		80		12,459		96
Mortgage-backed securities		17,563		30		55,476		1,880		73,039		1,910
Corporate bonds		—		—		790		210		790		210
Equity securities		2		—		20		14		22		14
State and local governments		—		—		—		—		—		—
Total temporarily impaired securities	$	24,104		46		62,206		2,184		86,310		2,230

The following table presents information regarding securities with unrealized losses at December 31, 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	$	12,212		219		—		—		12,212		219
Mortgage-backed securities		64,937		1,675		17,979		1,199		82,916		2,874
Corporate bonds		—		—		555		445		555		445
Equity securities		—		—		22		13		22		13
State and local governments		992		4		—		—		992		4
Total temporarily impaired securities	$	78,141		1,898		18,556		1,657		96,697		3,555

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

The book values and approximate fair values of investment securities at June 30, 2014, by contractual maturity, are summarized in the table below. 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		12,555		12,459		8,853		9,481
Due after five years but within ten years		—		—		40,237		43,104
Due after ten years		1,000		790		4,789		5,027
Mortgage-backed securities		106,173		104,699		—		—
Total debt securities		119,728		117,948		53,879		57,612
Equity securities		6,105		6,130		—		—
Total securities	$	125,833		124,078		53,879		57,612