Securities (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values Of Securities


				2012
		Amortized		Unrealized				Estimated
Dollars in thousands		Cost		Gains		Losses		Fair Value
Available for Sale
Taxable debt securities
U. S. Government agencies
and corporations	$	28,128	$	892	$	-	$	29,020
Residential mortgage-backed securities:
Government-sponsored agencies		133,812		3,250		492		136,570
Nongovernment-sponsored entities		15,380		509		144		15,745
State and political subdivisions		12,187		71		89		12,169
Corporate debt securities		1,959		29		38		1,950
Total taxable debt securities		191,466		4,751		763		195,454
Tax-exempt debt securities
State and political subdivisions		79,403		4,104		237		83,270
Residential mortgage-backed securities		2,738		-		-		2,738
Total tax-exempt debt securities		82,141		4,104		237		86,008
Equity securities		77		-		-		77

Total available for sale securities	$	273,684	$	8,855	$	1,000	$	281,539


				2011
		Amortized		Unrealized				Estimated
Dollars in thousands		Cost		Gains		Losses		Fair Value
Available for Sale
Taxable debt securities
U. S. Government agencies
and corporations	$	8,262	$	495	$	10	$	8,747
Residential mortgage-backed securities:
Government-sponsored agencies		152,815		3,460		770		155,505
Nongovernment-sponsored entities		35,246		742		1,560		34,428
State and political subdivisions		4,559		16		4		4,571
Corporate debt securities		999		-		182		817
Total taxable debt securities		201,881		4,713		2,526		204,068
Tax-exempt debt securities
State and political subdivisions		75,371		3,986		31		79,326
Residential mortgage-backed securities		3,109		19		-		3,128
Total tax-exempt debt securities		78,480		4,005		31		82,454
Equity securities		77		-		-		77

Total available for sale securities	$	280,438	$	8,718	$	2,557	$	286,599

Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Available For Sale Securities


Dollars in thousands				Proceeds from				Gross realized
				Calls and		Principal
Years ended December 31,		Sales		Maturities		Payments		Gains	Losses
2012	$	72,056	$	4,618	$	66,377	$	3,253	$	905
2011	$	131,950	$	8,049	$	57,670	$	4,450	$	444
2010	$	50,893	$	60,972	$	57,444	$	2,061	$	10

Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities


		Amortized		Estimated
Dollars in thousands		Cost		Fair Value

Due in one year or less	$	67,188	$	68,371
Due from one to five years		79,684		81,509
Due from five to ten years		14,775		15,146
Due after ten years		111,960		116,436
Equity securities		77		77
Total	$	273,684	$	281,539

Summary Of Other-Than-Temporary Impairment Losses On Securities


				2012								2011
		Residential MBS								Residential MBS
		Nongovernment								Nongovernment
		- Sponsored		Equity						- Sponsored		Equity
Dollars in thousands		Entities		Securities			Total			Entities		Securities			Total

Total other-than-temporary
i mpairment losses	$	(1,308	)	$	-	$	(1,308	)	$	(6,279	)	$	-	$	(6,279	)
Portion of loss recogni zed in
other comprehensive income		857			-		857			3,633			-		3,633
Net impairment loss es recognized
i n earnings	$	(451	)	$	-	$	(451	)	$	(2,646	)	$	-	$	(2,646	)

Summary Of Activity Related To The Credit Component Recognized On Debt Securities Available For Sale Of Other-Than-Temporary Impairment Recognized In Other Comprehensive Income


Dollars in thousands		Total
Balance, January 1, 2012	$	(6,355	)
Additions for the credit component on debt securities in which
other-than-temporary impairment was not previously recognized		(451	)
Securities sold or deemed worthless during the period		3,903
Balance, December 31, 2012	$	(2,903	)

Summary Of Assumptions Utilized In Valuation Of Other-Than-Temporarily Impaired Residential Mortgage-Backed Securities Issued By Nongovernment-Sponsored Entities


	Weighted		Range
	Average		Minimum		Maximum
Constant prepayment rates	11.3	%	7.2	%	13.1	%
Constant default rates	5.3	%	5.1	%	6.9	%
Loss severities	48.2	%	40.0	%	52.0	%

Summary Of Securities Available For Sale In Unrealized Loss Position


							2012
		Less than 12 months					12 months or more					Total
		Estimated		Unrealized			Estimated Unrealized					Estimated Unrealized
Dollars in thousands		Fair Value		Loss			Fair Value		Loss			Fair Value		Loss
Temporarily impaired securities
Taxable debt securities
U. S. Government agencies
and corporations	$	-	$	-		$	-	$	-		$	-	$	-
Residential mortgage-backed s ecurities :
Government-sponsored agencies		36,498		(414	)		8,997		(78	)		45,495		(492	)
Nongovernment-sponsored entities		-		(4	)		1,478		(14	)		1,478		(18	)
State a nd political subdivisions		3,766		(85	)		387		(4	)		4,153		(89	)
Corporate debt s ecurities		-		-			962		(38	)		962		(38	)
Tax-exempt debt securities
State a nd political subdivisions		19,934		(237	)		-		-			19,934		(237	)
Total temporarily impaired securities		60,198		(740	)		11,824		(134	)		72,022		(874	)
Other-than-temporarily impaired securities
Taxable debt securities
Residential mortgage-backed s ecurities :
Nongovernment-sponsored entities		265		(6	)		593		(120	)		858		(126	)
Total other-than-temporarily
impaired securities		265		(6	)		593		(120	)		858		(126	)
Total	$	60,463	$	(746	)	$	12,417	$	(254	)	$	72,880	$	(1,000	)


							2011
		Less than 12 months					12 months or more					Total
		Estimated		Unrealized			Estimated	Unrealized				Estimated		Unrealized
Dollars in thousands		Fair Value		Loss			Fair Value	Loss				Fair Value		Loss
Temporarily impaired securities
Taxable debt securities
U. S. Government agencies
a nd corporations	$	1,074	$	(10	)	$	120	$	-		$	1,194	$	(10	)
Residentia l mortga ge-backed s ecurities:
Government-sponsored a gencies		55,678		(770	)		-		-			55,678		(770	)
Nongovernment-s ponsored entities		5,558		(158	)		4,245		(239	)		9,803		(397	)
Sta te and political s ubdivisions		-		-			-		-			-		-
Corporate debt s ecurities		-		-			817		(182	)		817		(182	)
Tax-exempt debt securities
Sta te and political s ubdivisions		1,418		(29	)		1,132		(6	)		2,550		(35	)
Total temporarily impaired securities		63,728		(967	)		6,314		(427	)		70,042		(1,394	)
Other-than-temporarily impaired securities
Taxable debt securities
Residentia l mortga ge-backed s ecurities:
Nongovernment-s ponsored entities		466		(261	)		5,638		(902	)		6,104		(1,163	)
Total other-than-temporarily
impaired securities		466		(261	)		5,638		(902	)		6,104		(1,163	)
Total	$	64,194	$	(1,228	)	$	11,952	$	(1,329	)	$	76,146	$	(2,557	)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-1

-Paragraph 21

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 17

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 19, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

+ Details

- Definition

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