Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

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


	At June 30, 2012
(dollars in thousands)	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair Value
Collateralized mortgage obligations	$ 98,389	$ 2,077	$ (36)	$ 100,430
Mortgage-backed securities	21,573	1,177	-	22,750
Municipal securities	11,005	690	(125)	11,570
Corporate bonds	32,259	36	(726)	31,569
Asset-backed securities	10,407	-	(241)	10,166
Trust Preferred Securities	6,251	-	(3,076)	3,175
Other securities	131	3	-	134
Total securities available for sale	$ 180,015	$ 3,983	$ (4,204)	$ 179,794

U.S. Government agencies	$ 2	$ -	$ -	$ 2
Other securities	64	3	-	67
Total securities held to maturity	$ 66	$ 3	$ -	$ 69


	At December 31, 2011
(dollars in thousands)	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair Value
Collateralized mortgage obligations	$ 117,382	$ 2,629	$ -	$ 120,011
Mortgage-backed securities	12,764	1,352	-	14,116
Municipal securities	10,863	494	(323)	11,034
Corporate bonds	26,881	17	(1,281)	25,617
Trust Preferred Securities	6,375	-	(2,965)	3,410
Other securities	131	4	-	135
Total securities available for sale	$ 174,396	$ 4,496	$ (4,569)	$ 174,323

U.S. Government agencies	$ 2	$ -	$ -	$ 2
Other securities	138	4	-	142
Total securities held to maturity	$ 140	$ 4	$ -	$ 144

Investments Classified by Contractual Maturity Date [Table Text Block]


	Available for Sale		Held to Maturity
(dollars in thousands)	Amortized Cost	Fair Value	Amortized Cost	Fair Value
Due in 1 year or less	$ 625	$ 699	$ -	$ -
After 1 year to 5 years	80,644	82,291	66	69
After 5 years to 10 years	73,388	70,729	-	-
After 10 years	25,358	26,075	-	-
No stated maturity	-	-	-	-
Total	$ 180,015	$ 179,794	$ 66	$ 69

Schedule of Credit-Related Impairment Losses on Securities [Table Text Block]

(dollars in thousands)	2012	2011

Beginning Balance, January 1^st	$ 3,925	$ 3883
Additional credit-related impairment loss on securities for which an
other-than-temporary impairment was previously recognized	31	2
Reductions for securities sold during the period (realized)	-	-
Reductions for securities for which the amount previously recognized in other
comprehensive income was recognized in earnings because the Company
intends to sell the security	-	-
Ending Balance, June 30,	$ 3,956	$ 3,885

Schedule of Unrealized Loss on Investments [Table Text Block]


	At June 30, 2012
	Less than 12 months		12 months or more		Total
(dollars in thousands)	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
Collateralized mortgage obligations	$ 9,826	$ 36	$ -	$ -	$ 9,826	$ 36
Municipal securities	-	-	2,576	125	2,576	125
Corporate bonds	19,270	726	-	-	19,270	726
Asset-backed securities	10,166	241	-	-	10,166	241
Trust Preferred Securities	-	-	3,175	3,076	3,175	3,076
Total	$ 39,262	$ 1,003	$ 5,751	$ 3,201	$ 45,013	$ 4,204


	At December 31, 2011
	Less than 12 months		12 months or more		Total
(dollars in thousands)	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
Mortgage-backed securities	$ -	$ -	$ 9	$ -	$ 9	$ -
Municipal securities	-	-	4,490	323	4,490	323
Corporate bonds	18,714	1,281	-	-	18,714	1,281
Trust Preferred Securities	-	-	3,410	2,965	3,410	2,965
Total	$ 18,714	$ 1,281	$ 7,909	$ 3,288	$ 26,623	$ 4,569

- 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.

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