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Securities (Tables)
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9 Months Ended |
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Sep. 30, 2012
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| Securities [Abstract] |
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| Schedule Of Fair Value Of Available-For-Sale Securities And The Related, Gross Unrealized Gains And Losses Recognized In Accumulated Other Comprehensive Income (Loss) |
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September 30, 2012
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Gross
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Gross
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Fair
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Unrealized
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Unrealized
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Amortized
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Value
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Gains
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Losses
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Cost
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U.S. government agencies
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$
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7,069
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$
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73
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$
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-
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$
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6,996
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States and political subdivisions
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16,243
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764
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-
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15,479
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U.S. government agency residential
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mortgage-backed securities
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119,130
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3,145
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-
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115,985
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Collateralized residential mortgage obligations:
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Agency
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23,336
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234
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-
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23,102
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Private label
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1,083
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69
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-
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1,014
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Equity securities
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2,683
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242
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-
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2,441
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Collateralized debt obligations:
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Single issue
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2,064
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-
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-
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2,064
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Pooled
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7,888
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1,172
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(1,165)
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7,881
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Corporate
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2,000
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-
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-
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2,000
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$
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181,496
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$
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5,699
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$
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(1,165)
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$
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176,962
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Note 3. Securities (Continued)
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December 31, 2011
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Gross
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Gross
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Fair
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Unrealized
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Unrealized
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Amortized
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Value
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Gains
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Losses
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Cost
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U.S. government agencies
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$
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3,019
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$
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88
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$
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-
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$
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2,931
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States and political subdivisions
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18,125
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649
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(1)
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17,477
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U.S. government agency residential
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177,539
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2,790
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(101)
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174,850
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mortgage-backed securities
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Collateralized residential mortgage obligations:
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15,527
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229
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-
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15,298
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Agency
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1,550
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72
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(7)
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1,485
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Private label
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2,530
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134
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-
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2,396
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Equity securities
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Collateralized debt obligations:
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Single issue
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2,064
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-
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-
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2,064
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Pooled
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6,600
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53
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(1,574)
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8,121
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Corporate
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1,882
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-
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(118)
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2,000
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$
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228,836
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$
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4,015
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$
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(1,801)
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$
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226,622
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| Schedule Of Activity For Available-For-Sale Securities Related To Sales, Maturities And Calls |
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2012
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2011
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2012
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2011
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Proceeds from calls and maturities
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$
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8,000
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$
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6,080
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$
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10,310
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$
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18,000
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Proceeds from sales
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30,312
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-
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48,381
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18,419
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Realized gains
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686
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-
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1,400
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379
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Realized losses
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(2)
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-
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(2)
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-
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Net impairment loss recognized in earnings
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-
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-
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-
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(499)
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Tax benefit (provision) related
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to net realized gains and losses
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(265)
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-
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(542)
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46
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| Schedule Of Securities With Unrealized Losses Not Recognized In Income Presented By The Length Of Time Individual Securities Have Been In A Continuous Unrealized Loss Position |
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September 30, 2012
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Less than 12 Months
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12 Months or More
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Total
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Fair
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Unrealized
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Fair
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Unrealized
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Fair
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Unrealized
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Value
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Loss
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Value
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Loss
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Value
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Loss
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Collateralized debt obligations: pooled
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$
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-
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$
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-
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$
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2,206
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$
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(1,165)
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$
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2,206
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$
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(1,165)
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Total temporarily impaired
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$
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-
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$
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-
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$
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2,206
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$
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(1,165)
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$
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2,206
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$
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(1,165)
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Note 3. Securities (Continued)
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December 31, 2011
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Less than 12 Months
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12 Months or More
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Total
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Fair
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Unrealized
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Fair
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Unrealized
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Fair
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Unrealized
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Value
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Loss
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Value
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Loss
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Value
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Loss
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State and political subdivisions
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$
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524
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$
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(1)
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$
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-
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$
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-
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$
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524
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$
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(1)
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U.S. government agency residential
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mortgage-backed securities
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30,895
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(101)
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-
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-
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30,895
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(101)
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Collateralized residential mortgage
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obligations: private label
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731
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(7)
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-
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-
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731
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(7)
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Collateralized debt obligations: pooled
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-
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-
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6,497
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(1,574)
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6,497
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(1,574)
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Corporate
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1,882
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(118)
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-
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-
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1,882
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(118)
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Total temporarily impaired
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$
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34,032
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$
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(227)
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$
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6,497
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$
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(1,574)
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$
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40,529
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$
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(1,801)
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| Fair Values Of Securities Classified As Available-for-sale By Contractual Maturity |
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Amortized
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Fair
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Cost
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Value
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Due in one year or less
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$
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2,156
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$
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2,167
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Due after one year through five years
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16,204
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16,653
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Due after five years through ten years
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5,488
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5,847
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Due after ten years
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10,572
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10,597
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U.S. government agency residential mortgage-backed securities
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115,985
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119,130
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Collateralized residential mortgage obligations
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24,116
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24,419
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Equity
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2,441
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2,683
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$
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176,962
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$
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181,496
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| Rollforward Of The Credit Losses Recognized In Earnings |
The following table presents a rollforward of the credit losses recognized in earnings for the three month period ended September 30, 2012 and 2011:
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2012
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2011
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Beginning balance, July 1,
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$
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20,597
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$
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20,861
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Amounts related to credit loss for which
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an other-than-temporary impairment was not previously recognized
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-
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-
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Additions/Subtractions
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Amounts realized for securities sold during the period
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-
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-
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Amounts related to securities for which the company
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intends to sell or that it will be more likely than not that the company
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will be required to sell prior to recovery of amortized cost basis
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-
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-
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Reductions for increase in cash flows expected to be
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collected that are recognized over the remaining life of the security
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-
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-
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Increases to the amount related to the credit
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loss for which other-than-temporary was previously recognized
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-
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-
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Ending balance, September 30,
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$
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20,597
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$
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20,861
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Note 3. Securities (Continued)
The following table presents a rollforward of the credit losses recognized in earnings for the nine month period ended September 30, 2012 and 2011:
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2012
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2011
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Beginning balance, January 1,
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$
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20,597
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$
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20,362
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Amounts related to credit loss for which
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an other-than-temporary impairment was not previously recognized
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-
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-
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Additions/Subtractions
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Amounts realized for securities sold during the period
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-
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-
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Amounts related to securities for which the company
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intends to sell or that it will be more likely than not that the company
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will be required to sell prior to recovery of amortized cost basis
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-
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-
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Reductions for increase in cash flows expected to be
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collected that are recognized over the remaining life of the security
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-
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-
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Increases to the amount related to the credit
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loss for which other-than-temporary was previously recognized
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-
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499
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Ending balance, September 30,
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$
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20,597
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$
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20,861
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