CENTRUE FINANCIAL CORP - 10-Q filing on 2012-08-13

Securities (Tables)

6 Months Ended

Jun. 30, 2012


	June 30, 2012
				Gross		Gross
		Fair		Unrealized		Unrealized		Amortized
		Value		Gains		Losses		Cost
U.S. government agencies	$	15,336	$	78	$	-	$	15,258
States and political subdivisions		16,249		757		-		15,492
U.S. government agency residential
mortgage-backed securities		153,865		3,224		(6)		150,647
Collateralized residential mortgage obligations:
Agency		25,342		190		(11)		25,163
Private label		1,280		112		-		1,168
Equity securities		2,652		224		-		2,428
Collateralized debt obligations:
Single issue		2,064		-		-		2,064
Pooled		6,977		660		(1,639)		7,956
Corporate		1,902		-		(98)		2,000
	$	225,667	$	5,245	$	(1,754)	$	222,176

Note 3. Securities (Continued)



	December 31, 2011
				Gross		Gross
		Fair		Unrealized		Unrealized		Amortized
		Value		Gains		Losses		Cost
U.S. government agencies	$	3,019	$	88	$	-	$	2,931
States and political subdivisions		18,125		649		(1)		17,477
U.S. government agency residential		177,539		2,790		(101)		174,850
mortgage-backed securities
Collateralized residential mortgage obligations:		15,527		229		-		15,298
Agency		1,550		72		(7)		1,485
Private label		2,530		134		-		2,396
Equity securities
Collateralized debt obligations:
Single issue		2,064		-		-		2,064
Pooled		6,600		53		(1,574)		8,121
Corporate		1,882		-		(118)		2,000
	$	228,836	$	4,015	$	(1,801)	$	226,622



	Three Months Ended				Six Months Ended
	June 30,				June 30,
		2012		2011		2012		2011
Proceeds from calls and maturities	$	1,040	$	7,260	$	2,310	$	11,920
Proceeds from sales		17,127		18,419		18,069		18,419
Realized gains		698		379		714		379
Realized losses		-		-		-		-
Net impairment loss recognized in earnings		-		(107)		-		(499)
Tax benefit (provision) related
to net realized gains and losses		(271)		(105)		(277)		46



	June 30, 2012
		Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Loss		Value		Loss		Value		Loss

U.S. government agency residential
mortgage-backed securities	$	12,001	$	(6)	$	-	$	-	$	12,001	$	(6)
Collateralized residential mortgage
obligations: agency		12,524		(11)		-		-		12,524		(11)
Collateralized debt obligations: pooled		-		-		2,366		(1,639)		2,366		(1,639)
Corporate		1,902		(98)		-		-		1,902		(98)
Total temporarily impaired	$	26,427	$	(115)	$	2,366	$	(1,639)	$	28,793	$	(1,754)

Note 3. Securities (Continued)



	December 31, 2011
		Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Loss		Value		Loss		Value		Loss

State and political subdivisions	$	524	$	(1)	$	-	$	-	$	524	$	(1)
U.S. government agency residential
mortgage-backed securities		30,895		(101)		-		-		30,895		(101)
Collateralized residential mortgage
obligations: private label		731		(7)		-		-		731		(7)
Collateralized debt obligations: pooled		-		-		6,497		(1,574)		6,497		(1,574)
Corporate		1,882		(118)		-		-		1,882		(118)
Total temporarily impaired	$	34,032	$	(227)	$	6,497	$	(1,574)	$	40,529	$	(1,801)



		Amortized		Fair
		Cost		Value
Due in one year or less	$	2,006	$	2,017
Due after one year through five years		24,475		24,812
Due after five years through ten years		5,641		6,010
Due after ten years		10,648		9,689
U.S. government agency residential mortgage-backed securities		150,647		153,865
Collateralized residential mortgage obligations		26,331		26,622
Equity		2,428		2,652
	$	222,176	$	225,667



		2012		2011
Beginning balance, April 1,	$	20,597	$	20,754
Amounts related to credit loss for which
an other-than-temporary impairment was not previously recognized		-		-
Additions/Subtractions
Amounts realized for securities sold during the period		-		-
Amounts related to securities for which the company
intends to sell or that it will be more likely than not that the company
will be required to sell prior to recovery of amortized cost basis		-		-
Reductions for increase in cash flows expected to be
collected that are recognized over the remaining life of the security		-		-
Increases to the amount related to the credit
loss for which other-than-temporary was previously recognized		-		107

Ending balance, June 30,	$	20,597	$	20,861

Note 3. Securities (Continued)

The following table presents a rollforward of the credit losses recognized in earnings for the six month period ended June 30, 2012 and 2011:



		2012		2011
Beginning balance, January 1,	$	20,597	$	20,362
Amounts related to credit loss for which
an other-than-temporary impairment was not previously recognized		-		-
Additions/Subtractions
Amounts realized for securities sold during the period		-		-
Amounts related to securities for which the company
intends to sell or that it will be more likely than not that the company
will be required to sell prior to recovery of amortized cost basis		-		-
Reductions for increase in cash flows expected to be
collected that are recognized over the remaining life of the security		-		-
Increases to the amount related to the credit
loss for which other-than-temporary was previously recognized		-		499

Ending balance, June 30,	$	20,597	$	20,861