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Investment Securities: Available for Sale Securities Fair Value Policy (Policies)
3 Months Ended
Jun. 30, 2012
Available for Sale Securities Fair Value Policy:  
Available for Sale Securities Fair Value Policy

Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at June 30, 2012 and December 31, 2011, respectively, was approximately $42.6 million $42,600,000 and $172.6 million $172,600,000, which is approximately 5.2% and 19.7% of the Company’s available-for-sale and held-to-maturity investment portfolio, respectively.

 

Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these debt securities are temporary at June 30, 2012.