Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments Debt And Equity Securities [Abstract]

Summary of Securities Available-for-Sale and Restricted Stock

Securities consist of the following at June 30, 2013 and December 31, 2012:

(Dollars in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
June 30, 2013
Available-for-sale:
U.S. Treasury securities	$	1,106	$	—	$	13	$	1,093
Obligations of U.S. government corporations and agencies		33,995		12		1,148		32,859
Mortgage-backed securities in government sponsored entities		69,444		825		1,218		69,051
Asset-backed securities in government sponsored entities		2,796		24		—		2,820
Obligations of states and political subdivisions		16,922		370		183		17,109
Corporate bonds		4,404		80		15		4,469
Total debt securities		128,667		1,311		2,577		127,401
Equity securities in financial institutions		106		9		1		114
Total available-for-sale		128,773		1,320		2,578		127,515
Restricted stock		5,463		—		—		5,463
Total securities	$	134,236	$	1,320	$	2,578	$	132,978
December 31, 2012
Available-for-sale:
U.S. Treasury securities	$	100	$	—	$	—	$	100
Obligations of U.S. government corporations and agencies		35,996		27		43		35,980
Mortgage-backed securities in government sponsored entities		66,933		2,107		1		69,039
Asset-backed securities in government sponsored entities		2,862		—		39		2,823
Obligations of states and political subdivisions		16,194		701		12		16,883
Corporate bonds		4,313		112		28		4,397
Total debt securities		126,398		2,947		123		129,222
Equity securities in financial institutions		69		9		9		69
Total available-for-sale		126,467		2,956		132		129,291
Restricted stock		5,463		—		—		5,463
Total securities	$	131,930	$	2,956	$	132	$	134,754

Summary of Amortized Cost and Fair Value of Debt Securities

The amortized cost and fair value of debt securities at June 30, 2013, by contractual maturity, are shown below.  

(Dollars in thousands)	Amortized cost		Fair value
Available-for-sale:
Due in one year or less	$	821	$	821
Due after one through five years		14,207		14,484
Due after five through ten years		25,113		24,655
Due after ten years		88,526		87,441
Total debt securities available-for-sale	$	128,667	$	127,401

Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities

The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales.

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2013		2012		2013		2012
Proceeds	$	500	$	—	$	500	$	—
Realized gains	$	10	$	—	$	10	$	—
Realized losses		—		—		—		—
Impairment losses		—		—		—		—
Net securities gains	$	10	$	—	$	10	$	—

Summary of Gross Unrealized Losses and Fair Value of Securities

The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2013 and December 31, 2012:

	Securities in a continuous unrealized loss position
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Gross unrealized losses		Fair value		Gross unrealized losses		Fair value		Gross unrealized losses		Fair value
June 30, 2013
U.S. Treasury securities	$	13	$	993	$	—	$	—	$	13	$	993
Obligations of U.S. Government corporations and agencies		1,148		26,849		—		—		1,148		26,849
Mortgage-backed securities in government sponsored entities		1,218		32,565		—		—		1,218		32,565
Obligations of state and political subdivisions		183		5,239		—		—		183		5,239
Corporate bonds		7		568		8		1,357		15		1,925
Total debt securities		2,569		66,214		8		1,357		2,577		67,571
Equity securities in financial institutions		—		—		1		53		1		53
Total temporarily impaired securities	$	2,569	$	66,214	$	9	$	1,410	$	2,578	$	67,624
December 31, 2012
Obligations of U.S. Government corporations and agencies	$	43	$	15,957	$	—	$	—	$	43	$	15,957
Mortgage-backed securities in government sponsored entities		1		344		—		—		1		344
Asset-backed securities in government sponsored entities		39		1,833		—		—		39		1,833
Obligations of states and political subdivisions		12		1,737		—		—		12		1,737
Corporate bonds		4		366		24		975		28		1,341
Total debt securities		99		20,237		24		975		123		21,212
Equity securities in financial institutions		—		—		9		45		9		45
Total temporarily impaired securities	$	99	$	20,237	$	33	$	1,020	$	132	$	21,257