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Securities (Tables)
 3 Months Ended
Mar. 31, 2014
Securities [Abstract]  
Reconciliation From Amortized Cost To Estimated Fair Value Of Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

December 31, 2013

(In thousands)

 

Amortized cost

 

Gross unrealized gains

 

Gross unrealized losses

 

Estimated fair value

 

Amortized cost

 

Gross unrealized gains

 

Gross unrealized losses

 

Estimated fair value

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

$
8,457 

 

$
47 

 

$
(253)

 

$
8,251 

 

$
6,723 

 

$
27 

 

$
(332)

 

$
6,418 

State and political subdivisions    

 

 
16,210 

 

 
235 

 

 
(320)

 

 
16,125 

 

 
16,960 

 

 
192 

 

 
(554)

 

 
16,598 

Residential mortgage-backed securities    

 

 
47,015 

 

 
723 

 

 
(378)

 

 
47,360 

 

 
44,168 

 

 
696 

 

 
(475)

 

 
44,389 

Commercial mortgage-backed securities    

 

 
495 

 

 
4 

 

 

 -

 

 
499 

 

 
887 

 

 
2 

 

 
(1)

 

 
888 

Corporate and other securities

 

 
14,247 

 

 
37 

 

 
(365)

 

 
13,919 

 

 
13,173 

 

 
67 

 

 
(400)

 

 
12,840 

Total securities available for sale

 

$
86,424 

 

$
1,046 

 

$
(1,316)

 

$
86,154 

 

$
81,911 

 

$
984 

 

$
(1,762)

 

$
81,133 

Held to maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

$
5,814 

 

$

 -

 

$
(351)

 

$
5,463 

 

$
5,814 

 

$

 -

 

$
(460)

 

$
5,354 

State and political subdivisions    

 

 
2,439 

 

 
161 

 

 
(7)

 

 
2,593 

 

 
2,441 

 

 
121 

 

 
(17)

 

 
2,545 

Residential mortgage-backed securities    

 

 
9,991 

 

 
154 

 

 
(151)

 

 
9,994 

 

 
10,395 

 

 
145 

 

 
(198)

 

 
10,342 

Commercial mortgage-backed securities    

 

 
4,080 

 

 

 -

 

 
(324)

 

 
3,756 

 

 
6,750 

 

 
87 

 

 
(437)

 

 
6,400 

Corporate and other securities

 

 
981 

 

 

 -

 

 
(51)

 

 
930 

 

 
981 

 

 

 -

 

 
(73)

 

 
908 

Total securities held to maturity

 

$
23,305 

 

$
315 

 

$
(884)

 

$
22,736 

 

$
26,381 

 

$
353 

 

$
(1,185)

 

$
25,549 

 

Schedule Of Marketable Securities By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Within one year

 

After one through five years

 

After five through ten years

 

After ten years

 

Total carrying value

 

(In thousands, except percentages)

 

Amount

 

Yield

 

Amount

 

Yield

 

Amount

 

Yield

 

Amount

 

Yield

 

Amount

 

Yield

 

Available for sale at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

$

 -

 

 -

%

$
1,012 

 
1.00 

%

$
2,848 

 
2.66 

%

$
4,391 

 
2.29 

%

$
8,251 

 
2.26 

%

State and political subdivisions    

 

 

 -

 

 -

 

 
861 

 
2.55 

 

 
10,887 

 
2.69 

 

 
4,377 

 
2.76 

 

 
16,125 

 
2.70 

 

Residential mortgage-backed securities    

 

 

 -

 

 -

 

 
2,357 

 
1.68 

 

 
2,773 

 
1.96 

 

 
42,230 

 
2.80 

 

 
47,360 

 
2.70 

 

Commercial mortgage-backed securities    

 

 

 -

 

 -

 

 

 -

 

 -

 

 

 -

 

 -

 

 
499 

 
2.96 

 

 
499 

 
2.96 

 

Corporate and other securities

 

 

 -

 

 -

 

 
2,412 

 
1.00 

 

 
5,608 

 
1.79 

 

 
5,899 

 
1.41 

 

 
13,919 

 
1.49 

 

Total securities available for sale

 

$

 -

 

 -

%

$
6,642 

 
1.44 

%

$
22,116 

 
2.37 

%

$
57,396 

 
2.62 

%

$
86,154 

 
2.46 

%

Held to maturity at cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

$

 -

 

 -

%

$

 -

 

 -

%

$

 -

 

 -

%

$
5,814 

 
2.14 

%

$
5,814 

 
2.14 

%

State and political subdivisions    

 

 
326 

 
0.75 

 

 

 -

 

 -

 

 

 -

 

 -

 

 
2,113 

 
4.71 

 

 
2,439 

 
4.18 

 

Residential mortgage-backed securities    

 

 

 -

 

 -

 

 
701 

 
4.88 

 

 
221 

 
5.13 

 

 
9,069 

 
3.29 

 

 
9,991 

 
3.44 

 

Commercial mortgage-backed securities    

 

 

 -

 

 -

 

 

 -

 

 -

 

 

 -

 

 -

 

 
4,080 

 
2.75 

 

 
4,080 

 
2.75 

 

Corporate and other securities

 

 

 -

 

 -

 

 

 -

 

 -

 

 
981 

 
2.95 

 

 

 -

 

 -

 

 
981 

 
2.95 

 

Total securities held to maturity

 

$
326 

 
0.75 

%

$
701 

 
4.88 

%

$
1,202 

 
3.35 

%

$
21,076 

 
3.01 

%

$
23,305 

 
3.05 

%

 

Schedule Of Marketable Securities In Unrealized Loss Position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

Less than 12 months

 

12 months and greater

 

Total

(In thousands, except number in a loss position)

 

Total number in a loss position

 

Estimated fair value

 

Unrealized loss

 

Estimated fair value

 

Unrealized loss

 

Estimated fair value

 

Unrealized loss

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

 
6 

 

$
5,625 

 

$
(253)

 

$

 -

 

$

 -

 

$
5,625 

 

$
(253)

State and political subdivisions    

 

 
14 

 

 
4,866 

 

 
(88)

 

 
2,949 

 

 
(232)

 

 
7,815 

 

 
(320)

Residential mortgage-backed securities    

 

 
15 

 

 
19,964 

 

 
(312)

 

 
1,434 

 

 
(66)

 

 
21,398 

 

 
(378)

Commercial mortgage-backed securities    

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Corporate and other securities

 

 
7 

 

 
5,900 

 

 
(126)

 

 
2,742 

 

 
(239)

 

 
8,642 

 

 
(365)

Total temporarily impaired securities

 

 
42 

 

$
36,355 

 

$
(779)

 

$
7,125 

 

$
(537)

 

$
43,480 

 

$
(1,316)

Held to maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

 
3 

 

$
5,463 

 

$
(351)

 

$

 -

 

$

 -

 

$
5,463 

 

$
(351)

State and political subdivisions    

 

 
1 

 

 
669 

 

 
(7)

 

 

 -

 

 

 -

 

 
669 

 

 
(7)

Residential mortgage-backed securities    

 

 
6 

 

 
5,422 

 

 
(150)

 

 
106 

 

 
(1)

 

 
5,528 

 

 
(151)

Commercial mortgage-backed securities    

 

 
2 

 

 
1,992 

 

 
(163)

 

 
1,764 

 

 
(161)

 

 
3,756 

 

 
(324)

Corporate and other securities

 

 
1 

 

 
930 

 

 
(51)

 

 

 -

 

 

 -

 

 
930 

 

 
(51)

Total temporarily impaired securities

 

 
13 

 

$
14,476 

 

$
(722)

 

$
1,870 

 

$
(162)

 

$
16,346 

 

$
(884)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

Less than 12 months

 

12 months and greater

 

Total

(In thousands, except number in a loss position)

 

Total number in a loss position

 

Estimated fair value

 

Unrealized loss

 

Estimated fair value

 

Unrealized loss

 

Estimated fair value

 

Unrealized loss

Available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

 
5 

 

$
5,591 

 

$
(332)

 

$

 -

 

$

 -

 

$
5,591 

 

$
(332)

State and political subdivisions    

 

 
19 

 

 
8,575 

 

 
(453)

 

 
934 

 

 
(101)

 

 
9,509 

 

 
(554)

Residential mortgage-backed securities    

 

 
13 

 

 
13,226 

 

 
(398)

 

 
1,474 

 

 
(77)

 

 
14,700 

 

 
(475)

Commercial mortgage-backed securities    

 

 
3 

 

 
368 

 

 
(1)

 

 

 -

 

 

 -

 

 
368 

 

 
(1)

Corporate and other securities

 

 
9 

 

 
3,994 

 

 
(105)

 

 
3,088 

 

 
(295)

 

 
7,082 

 

 
(400)

Total temporarily impaired securities

 

 
49 

 

$
31,754 

 

$
(1,289)

 

$
5,496 

 

$
(473)

 

$
37,250 

 

$
(1,762)

Held to maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities  

 

 
3 

 

$
5,355 

 

$
(460)

 

$

 -

 

$

 -

 

$
5,355 

 

$
(460)

State and political subdivisions    

 

 
2 

 

 
986 

 

 
(17)

 

 

 -

 

 

 -

 

 
986 

 

 
(17)

Residential mortgage-backed securities    

 

 
7 

 

 
6,333 

 

 
(193)

 

 
114 

 

 
(5)

 

 
6,447 

 

 
(198)

Commercial mortgage-backed securities    

 

 
2 

 

 
3,668 

 

 
(437)

 

 

 -

 

 

 -

 

 
3,668 

 

 
(437)

Corporate and other securities

 

 
1 

 

 
907 

 

 
(73)

 

 

 -

 

 

 -

 

 
907 

 

 
(73)

Total temporarily impaired securities

 

 
15 

 

$
17,249 

 

$
(1,180)

 

$
114 

 

$
(5)

 

$
17,363 

 

$
(1,185)

 

Schedule Of Realized Gains (Losses) For Marketable Securities

 

 

 

 

 

 

 

 

 

For the three months ended March 31,

(In thousands)

 

2014

 

2013

Available for sale:

 

 

 

 

 

 

Realized gains

 

$
114 

 

$
230 

Realized losses

 

 
(4)

 

 
(4)

Total securities available for sale

 

 
110 

 

 
226 

Held to maturity:

 

 

 

 

 

 

Realized gains

 

 

 -

 

 

 -

Realized losses

 

 

 -

 

 

 -

Total securities held to maturity

 

 

 -

 

 

 -

Net gains on sales of securities

 

$
110 

 

$
226