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Securities (Tables)
12 Months Ended
Dec. 31, 2012
Securities  
Schedule of amortized cost, unrealized gains and losses, and fair value of securities available for sale

 

 

December 31, 2012

 

Amortized

 

Unrealized

 

 

 

Securities available for sale

 

Cost

 

Gains

 

Losses

 

Fair Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

98,000

 

$

 

$

 

$

98,000

 

Government sponsored enterprise obligations

 

83,015

 

2,789

 

56

 

85,748

 

Mortgage-backed securities

 

137,407

 

3,594

 

120

 

140,881

 

Obligations of states and political subdivisions

 

57,961

 

2,844

 

12

 

60,793

 

Trust preferred securities of financial institutions

 

1,000

 

18

 

 

1,018

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

377,383

 

$

9,245

 

$

188

 

$

386,440

 

 

December 31, 2011 

 

Amortized

 

Unrealized

 

 

 

Securities available for sale

 

Cost

 

Gains

 

Losses

 

Fair Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

115,001

 

$

 

$

 

$

115,001

 

Government sponsored enterprise obligations

 

43,349

 

2,837

 

 

46,186

 

Mortgage-backed securities

 

116,954

 

3,564

 

23

 

120,495

 

Obligations of states and political subdivisions

 

66,755

 

2,779

 

33

 

69,501

 

Trust preferred securities of financial institutions

 

1,000

 

2

 

 

1,002

 

 

 

 

 

 

 

 

 

 

 

Total securities available for sale

 

$

343,059

 

$

9,182

 

$

56

 

$

352,185

 

 

Summary of securities based on contractual maturity

 

 

Securities available for sale

 

Amortized Cost

 

Fair Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Due within 1 year

 

$

129,136

 

$

129,251

 

Due after 1 but within 5 years

 

69,706

 

72,746

 

Due after 5 but within 10 years

 

27,354

 

29,585

 

Due after 10 years

 

13,780

 

13,977

 

Mortgage-backed securities

 

137,407

 

140,881

 

 

 

 

 

 

 

Total securities available for sale

 

$

377,383

 

$

386,440

 

 

Schedule of securities with unrealized losses not recognized in income

 

 

 

 

Less than 12 months

 

12 months or more

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(In thousands)

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Government sponsored enterprise obligations

 

$

29,996

 

$

56

 

$

 

$

 

$

29,996

 

56

 

Mortgage-backed securities

 

16,609

 

120

 

$

 

$

 

$

16,609

 

$

120

 

Obligations of states and political subdivisions

 

2,292

 

12

 

 

 

2,292

 

12

 

Total temporarily impaired securities

 

$

48,897

 

$

188

 

$

 

$

 

$

48,897

 

$

188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities

 

$

5,122

 

$

23

 

$

 

$

 

5,122

 

23

 

Obligations of states and political subdivisions

 

2,644

 

17

 

1,021

 

16

 

3,665

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total temporarily impaired securities

 

$

7,766

 

$

40

 

$

1,021

 

$

16

 

$

8,787

 

$

56