XML 68 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Securities (Tables)
9 Months Ended
Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Classification Of Available For Sale Securities Investment [Table Text Block]
The following table summarizes the Corporation’s securities as of September 30, 2013 and December 31, 2012:
 
(Dollar amounts in thousands)
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
 
Cost
 
Gains
 
Losses
 
Value
 
Available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
4,465
 
$
-
 
$
(217)
 
$
4,248
 
U.S. government sponsored entities and agencies
 
 
23,636
 
 
-
 
 
(592)
 
 
23,044
 
Mortgage-backed securities: residential
 
 
12,373
 
 
486
 
 
-
 
 
12,859
 
Collateralized mortgage obligations: residential
 
 
44,403
 
 
-
 
 
(1,851)
 
 
42,552
 
State and political subdivisions
 
 
39,820
 
 
962
 
 
(847)
 
 
39,935
 
Corporate debt securities
 
 
250
 
 
-
 
 
(10)
 
 
240
 
Equity securities
 
 
2,356
 
 
103
 
 
(12)
 
 
2,447
 
 
 
$
127,303
 
$
1,551
 
$
(3,529)
 
$
125,325
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
3,959
 
$
8
 
$
-
 
$
3,967
 
U.S. government sponsored entities and agencies
 
 
28,030
 
 
132
 
 
-
 
 
28,162
 
Mortgage-backed securities: residential
 
 
21,137
 
 
1,587
 
 
-
 
 
22,724
 
Collateralized mortgage obligations: residential
 
 
22,508
 
 
47
 
 
(80)
 
 
22,475
 
State and political subdivisions
 
 
34,904
 
 
1,862
 
 
(1)
 
 
36,765
 
Corporate debt securities
 
 
3,728
 
 
34
 
 
(1)
 
 
3,761
 
Equity securities
 
 
2,356
 
 
4
 
 
(8)
 
 
2,352
 
 
 
$
116,622
 
$
3,674
 
$
(90)
 
$
120,206
 
Schedule Of Contractual Maturities Of Available For Sale Securities Debt Maturities [Table Text Block]
The following table summarizes scheduled maturities of the Corporation’s debt securities as of September 30, 2013.  Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.  Mortgage-backed securities and collateralized mortgage obligations are not due at a single maturity and are shown separately.
 
(Dollar amounts in thousands)
 
Available for sale
 
 
 
Amortized
 
Fair
 
 
 
Cost
 
Value
 
Due in one year or less
 
$
1,001
 
$
1,014
 
Due after one year through five years
 
 
19,688
 
 
19,609
 
Due after five through ten years
 
 
42,394
 
 
42,056
 
Due after ten years
 
 
5,088
 
 
4,788
 
Mortgage-backed securities: residential
 
 
12,373
 
 
12,859
 
Collateralized mortgage obligations: residential
 
 
44,403
 
 
42,552
 
 
 
$
124,947
 
$
122,878
 
Schedule of Unrealized Loss on Investments [Table Text Block]
Information pertaining to securities with gross unrealized losses at September 30, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous loss position are included in the table below:
 
(Dollar amounts in thousands)
 
Less than 12 Months
 
12 Months or More
 
Total
 
 
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Description of Securities
 
Value
 
Loss
 
Value
 
Loss
 
Value
 
Loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
4,248
 
$
(217)
 
$
-
 
$
-
 
$
4,248
 
$
(217)
 
U.S. government sponsored entities and agencies
 
 
23,044
 
 
(592)
 
 
-
 
 
-
 
 
23,044
 
 
(592)
 
Collateralized mortgage obligations: residential
 
 
42,552
 
 
(1,851)
 
 
-
 
 
-
 
 
42,552
 
 
(1,851)
 
State and political subdivisions
 
 
15,286
 
 
(847)
 
 
-
 
 
-
 
 
15,286
 
 
(847)
 
Corporate debt securities
 
 
241
 
 
(10)
 
 
-
 
 
-
 
 
241
 
 
(10)
 
Equity securities
 
 
954
 
 
(12)
 
 
-
 
 
-
 
 
954
 
 
(12)
 
 
 
$
86,325
 
$
(3,529)
 
$
-
 
$
-
 
$
86,325
 
$
(3,529)
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collateralized mortgage obligations: residential
 
$
10,698
 
$
(80)
 
$
-
 
$
-
 
$
10,698
 
$
(80)
 
State and political subdivisions
 
 
521
 
 
(1)
 
 
-
 
 
-
 
 
521
 
 
(1)
 
Corporate debt securities
 
 
500
 
 
(1)
 
 
-
 
 
-
 
 
500
 
 
(1)
 
Equity securities
 
 
493
 
 
(8)
 
 
-
 
 
-
 
 
493
 
 
(8)
 
 
 
$
12,212
 
$
(90)
 
$
-
 
$
-
 
$
12,212
 
$
(90)
 
Available-for-sale Securities [Table Text Block]
Gains on sales of available for sale securities for the three and nine months ended September 30 were as follows:
 
(Dollar amounts in thousands)
 
For the three months
 
For the nine months
 
 
 
ended September 30,
 
ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Proceeds
 
$
17,701
 
$
6,043
 
$
21,015
 
$
11,639
 
Gains
 
 
107
 
 
390
 
 
291
 
 
1,352
 
Tax provision related to gains
 
 
36
 
 
133
 
 
99
 
 
460