Investment Securities (Tables)

12 Months Ended

Dec. 31, 2012

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


	At December 31, 2012
(dollars in thousands)	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair Value
Collateralized mortgage obligations	$ 97,959	$ 1,830	$ (6)	$ 99,783
Mortgage-backed securities	20,626	1,014	-	21,640
Municipal securities	11,150	967	(16)	12,101
Corporate bonds	32,231	639	(185)	32,685
Asset-backed securities	19,785	135	(191)	19,729
Trust Preferred Securities	5,785	-	(2,598)	3,187
Other securities	131	3	-	134
Total securities available for sale	$ 187,667	$ 4,588	$ (2,996)	$ 189,259

U.S. Government agencies	$ 1	$ -	$ -	$ 1
Other securities	66	2	-	68
Total securities held to maturity	$ 67	$ 2	$ -	$ 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	Estimated Fair Value	Amortized Cost	Estimated Fair Value
Due in 1 year or less	$ 16,066	$ 16,429	$ 46	$ 48
After 1 year to 5 years	67,168	69,049	21	21
After 5 years to 10 years	90,263	88,605	-	-
After 10 years	14,170	15,176	-	-
Total	$ 187,667	$ 189,259	$ 67	$ 69

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

(dollars in thousands)	2012	2011

Beginning Balance, January 1^st	$ 3,925	$ 3,883
Additional credit-related impairment loss on securities for which an
other-than-temporary impairment was previously recognized	34	42
Reductions for securities paid off during the period	-	-
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, December 31,	$ 3,959	$ 3,925

Schedule of Unrealized Loss on Investments [Table Text Block]


	At December 31, 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
Mortgaged-backed securities	$ 9,991	$ 6	$ -	$ -	$ 9,991	$ 6
Municipal securities	1,050	16	-	-	1,050	16
Corporate bonds	-	-	9,811	185	9,811	185
Asset-backed securities	9,218	191	-	-	9,218	191
Trust Preferred Securities	-	-	3,187	2,598	3,187	2,598
Total	$ 20,259	$ 213	$ 12,998	$ 2,783	$ 33,257	$ 2,996


	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

Schedule of Trust Preferred Securities [Table Text Block]

(dollars in thousands)	Class / Tranche	Amortized Cost	Fair Value	Unrealized Losses	Lowest Credit Rating Assigned	Number of Banks Currently Performing	Deferrals / Defaults as % of Current Balance	Conditional Default Rates for 2013 and beyond	Cumulative OTTI Life to Date
Preferred Term Securities IV	Mezzanine Notes	$ 49	$ 40	$ (9)	CCC	5	27%	0.37%	$ -
Preferred Term Securities VII	Mezzanine Notes	1,497	1,126	(371)	C	11	59	0.34	2,173
TPREF Funding II	Class B Notes	739	334	(405)	C	16	43	0.36	260
TPREF Funding III	Class B2 Notes	1,520	745	(775)	C	17	35	0.34	480
Trapeza CDO I, LLC	Class C1 Notes	556	236	(320)	C	10	51	0.38	470
ALESCO Preferred Funding IV	Class B1 Notes	604	290	(314)	C	38	23	0.36	396
ALESCO Preferred Funding V	Class C1 Notes	820	416	(404)	C	39	33	0.36	180
Total		$ 5,785	$ 3,187	$ (2,598)		136	38%		$ 3,959

- 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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