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Securities (Tables)
3 Months Ended
Mar. 31, 2015
Securities  
Summary of available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Estimated

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

20,710 

 

$

 

$

(175)

 

$

20,540 

 

Mortgage-backed securities

 

 

67,173 

 

 

1,362 

 

 

(52)

 

 

68,483 

 

Obligations of states and political subdivisions

 

 

124,968 

 

 

6,979 

 

 

(136)

 

 

131,811 

 

 

 

$

212,851 

 

$

8,346 

 

$

(363)

 

$

220,834 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Estimated

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. government agencies and corporations

 

$

23,409 

 

$

 

$

(476)

 

$

22,934 

 

Mortgage-backed securities

 

 

66,716 

 

 

935 

 

 

(32)

 

 

67,619 

 

Obligations of states and political subdivisions

 

 

124,312 

 

 

7,158 

 

 

(126)

 

 

131,344 

 

 

 

$

214,437 

 

$

8,094 

 

$

(634)

 

$

221,897 

 

 

Schedule of amortized cost and estimated fair value of securities, by contractual maturity date

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

    

Amortized

    

Estimated

 

(Dollars in thousands)

 

Cost

 

Fair Value

 

Due in one year or less

 

$

30,585 

 

$

30,716 

 

Due after one year through five years

 

 

124,147 

 

 

128,952 

 

Due after five years through ten years

 

 

38,058 

 

 

39,601 

 

Due after ten years

 

 

20,061 

 

 

21,565 

 

 

 

$

212,851 

 

$

220,834 

 

 

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at March 31, 2015, by duration of the period of the unrealized loss, are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

 

   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

(Dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

   Value   

 

Loss

 

U.S. government agencies and corporations

 

$

1,581 

 

$

19 

 

$

12,003 

 

$

156 

 

$

13,584 

 

$

175 

 

Mortgage-backed securities

 

 

2,894 

 

 

37 

 

 

2,429 

 

 

15 

 

 

5,323 

 

 

52 

 

Obligations of states and political subdivisions

 

 

8,578 

 

 

88 

 

 

3,727 

 

 

48 

 

 

12,305 

 

 

136 

 

Total temporarily impaired securities

 

$

13,053 

 

$

144 

 

$

18,159 

 

$

219 

 

$

31,212 

 

$

363 

 

 

Securities in an unrealized loss position at December 31, 2014, by duration of the period of the unrealized loss, are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

12 Months or More

 

Total

 

 

   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

(Dollars in thousands)

 

Value

 

Loss

 

Value

 

Loss

 

Value

 

Loss

 

U.S. government agencies and corporations

 

$

1,966 

 

$

 

$

21,234 

 

$

474 

 

$

23,200 

 

$

476 

 

Mortgage-backed securities

 

 

 —

 

 

 —

 

 

4,518 

 

 

32 

 

 

4,518 

 

 

32 

 

Obligations of states and political subdivisions

 

 

6,279 

 

 

51 

 

 

6,049 

 

 

75 

 

 

12,328 

 

 

126 

 

Total temporarily impaired securities

 

$

8,245 

 

$

53 

 

$

31,801 

 

$

581 

 

$

40,046 

 

$

634