Securities (Tables)

6 Months Ended

Jun. 30, 2014

Marketable Securities [Abstract]

Schedule Of Amortized Costs, Gross Unrealized Gains And Losses, And Approximate Fair Values Of Securities Available-For-Sale

The amortized costs, gross unrealized gains and losses, and approximate fair values of securities available-for-sale (“AFS”) as of June 30, 2014 and December 31, 2013 were as follows:

	Amortized		Unrealized		Unrealized
June 30, 2014	Cost		Gains		Losses			Fair Values
U.S. Government and federal agency	$	14,621	$	127	$	(308	)	$	14,440
Government-sponsored enterprises *	33,575		4		(1,223		)	32,356
Mortgage-backed securities	99,497		451		(796		)	99,152
Collateralized mortgage obligations	11,939		52		(72		)	11,919
States and political subdivisions	39,204		544		(532		)	39,216
	$	198,836	$	1,178	$	(2,931	)	$	197,083

December 31, 2013
U.S. Government and federal agency	$	10,844	$	13	$	(550	)	$	10,307
Government-sponsored enterprises *	33,580		0		(2,269		)	31,311
Mortgage-backed securities	74,375		132		(2,118		)	72,389
Collateralized mortgage obligations	9,261		40		(107		)	9,194
States and political subdivisions	38,896		0		(2,236		)	36,660
	$	166,956	$	185	$	(7,280	)	$	159,861

* Such as FNMA, FHLMC and FHLB.

Schedule Of Amortized Costs, Gross Unrealized Gains And Losses, And Approximate Fair Values Of Securities Held-To-Maturity

There were no securities classified as held-to-maturity (“HTM”) as of June 30, 2014. The amortized costs, gross unrealized gains and losses, and approximate fair values of securities HTM as of December 31, 2013 were as follows:

December 31, 2013
U.S. Government and federal agency	$	7,470	$	161	$	(76	)	$	7,555
Mortgage-backed securities	147		9		0			156
Collateralized mortgage obligations	93		5		0			98
States and political subdivisions	14,282		407		(27		)	14,662
	$	21,992	$	582	$	(103	)	$	22,471

Schedule Of Maturity Ranges Of Securities Available-For-Sale And Held-To-Maturity, Weighted Average Yields Of Securities

The following tables present the maturity ranges of AFS securities as of June 30, 2014 and the weighted average yields of such securities. Maturities may differ from scheduled maturities on mortgage-backed securities and collateralized mortgage obligations because the mortgages underlying the securities may be repaid prior to the scheduled maturity date. Maturities on all other securities are based on the contractual maturity. The weighted average yields are calculated on the basis of the cost and effective yields weighted for the scheduled maturity of each security. Weighted average yields on tax-exempt obligations have been computed on a taxable equivalent basis using a tax rate of 34%.

Investment Portfolio Maturity Distribution
	Available-for-Sale
	Amortized		Fair
In thousands	Costs		Value		Yield
U.S. Government and federal agency:
After five but within ten years	$	8,843	$	8,738	2.60	%
After ten years	5,778		5,702		2.72	%
Government-sponsored enterprises:
After one but within five years	7,555		7,417		1.27	%
After five but within ten years	16,047		15,682		1.79	%
After ten years	9,973		9,257		2.83	%
Obligations of states and subdivisions:
After one but within five years	1,282		1,308		2.44	%
After five but within ten years	16,569		16,589		2.62	%
After ten years	21,353		21,319		3.50	%
Mortgage-backed securities	99,497		99,152		2.25	%
Collateralized mortgage obligations	11,939		11,919		2.39	%
Total	$	198,836	$	197,083
Total Securities by Maturity Period
After one but within five years	$	8,837	$	8,725
After five but within ten years	41,459		41,009
After ten years	37,104		36,278
Mortgage-backed securities*	99,497		99,152
Collateralized mortgage obligations*	11,939		11,919
Total by Maturity Period	$	198,836	$	197,083

*  Maturities on mortgage-backed securities and collateralized mortgage obligations are not presented in this table because maturities may differ substantially from contractual terms due to early repayments of principal.

Schedule Of Unrealized Losses And Related Fair Values In The Bank's Available-For-Sale And Held-To-Maturity Investment Securities Portfolios

The following tables detail unrealized losses and related fair values in the Company’s AFS and HTM investment securities portfolios.  This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2014 and December 31, 2013, respectively.

	Temporarily Impaired Securities in AFS Portfolio
In thousands	Less than 12 months					Greater than 12 months					Total
			Unrealized					Unrealized					Unrealized
June 30, 2014	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
U.S. Government and federal agency	$	0	$	0		$	7,552	$	(308	)	$	7,552	$	(308	)
Government-sponsored enterprises	0		0			26,402		(1,223		)	26,402		(1,223		)
Mortgage-backed securities	12,290		(49		)	34,884		(747		)	47,174		(796		)
Collateralized mortgage obligations	2,595		(11		)	1,937		(61		)	4,532		(72		)
States and political subdivisions	2,219		(12		)	15,697		(520		)	17,916		(532		)
	$	17,104	$	(72	)	$	86,472	$	(2,859	)	$	103,576	$	(2,931	)

December 31, 2013
U.S. Government and federal agency	$	9,287	$	(550	)	$	0	$	0		$	9,287	$	(550	)
Government-sponsored enterprises	16,797		(1,236		)	11,064		(1,033		)	27,861		(2,269		)
Mortgage-backed securities	62,336		(2,019		)	1,777		(99		)	64,113		(2,118		)
Collateralized mortgage obligations	5,050		(107		)	5		0			5,055		(107		)
States and political subdivisions	30,950		(1,744		)	4,838		(492		)	35,788		(2,236		)
	$	124,420	$	(5,656	)	$	17,684	$	(1,624	)	$	142,104	$	(7,280	)

Temporarily Impaired Securities in HTM Portfolio
In thousands	Less than 12 months					Greater than 12 months				Total
			Unrealized					Unrealized				Unrealized
December 31, 2013	Fair Value		Losses			Fair Value		Losses		Fair Value		Losses
U.S. Government and federal agency	$	2,387	$	(76	)	$	0	$	0	$	2,387	$	(76	)
States and political subdivisions	1,842		(27		)	0		0		1,842		(27		)
	$	4,229	$	(103	)	$	0	$	0	$	4,229	$	(103	)