|
Securities (Tables)
|
6 Months Ended |
|
Jun. 30, 2012
|
| Securities [Abstract] |
|
| Amortized cost, gross unrealized gains and losses and fair values of securities available for sale |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
At June 30, 2012 |
|
| |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
| |
|
(Dollars in thousands) |
|
|
Securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government agencies and corporations
|
|
$ |
52,908 |
|
|
$ |
215 |
|
|
$ |
(1 |
) |
|
$ |
53,122 |
|
|
Mortgage backed securities
|
|
|
114,294 |
|
|
|
3,355 |
|
|
|
(278 |
) |
|
|
117,371 |
|
|
Collateralized mortgage obligations
|
|
|
25,959 |
|
|
|
582 |
|
|
|
— |
|
|
|
26,541 |
|
|
State and political subdivisions
|
|
|
29,591 |
|
|
|
2,164 |
|
|
|
(1 |
) |
|
|
31,754 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Securities
|
|
$ |
222,752 |
|
|
$ |
6,316 |
|
|
$ |
(280 |
) |
|
$ |
228,788 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| |
|
At December 31, 2011 |
|
| |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
| |
|
(Dollars in thousands) |
|
|
Securities available for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government agencies and corporations
|
|
$ |
56,762 |
|
|
$ |
120 |
|
|
$ |
(1 |
) |
|
$ |
56,881 |
|
|
Mortgage backed securities
|
|
|
103,624 |
|
|
|
3,705 |
|
|
|
(292 |
) |
|
|
107,037 |
|
|
Collateralized mortgage obligations
|
|
|
29,537 |
|
|
|
700 |
|
|
|
— |
|
|
|
30,237 |
|
|
State and political subdivisions
|
|
|
30,000 |
|
|
|
1,901 |
|
|
|
(44 |
) |
|
|
31,857 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Securities
|
|
$ |
219,923 |
|
|
$ |
6,426 |
|
|
$ |
(337 |
) |
|
$ |
226,012 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized cost and fair value of the debt securities portfolio are shown by expected maturity |
| |
|
|
|
|
|
|
|
|
| |
|
At June 30, 2012 |
|
| |
|
(Dollars in thousands) |
|
| |
|
Amortized
Cost |
|
|
Fair
Value |
|
|
Securities available for sale:
|
|
|
|
|
|
|
|
|
|
Due in one year or less
|
|
$ |
34,404 |
|
|
$ |
34,523 |
|
|
Due from one year to five years
|
|
|
30,229 |
|
|
|
30,959 |
|
|
Due from five years to ten years
|
|
|
10,087 |
|
|
|
11,084 |
|
|
Due after ten years
|
|
|
7,779 |
|
|
|
8,310 |
|
|
Mortgage backed securities and collateralized mortgage obligations
|
|
|
140,253 |
|
|
|
143,912 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
222,752 |
|
|
$ |
228,788 |
|
| |
|
|
|
|
|
|
|
|
|
| Realized gains and losses related to securities available-for-sale |
| |
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
| |
|
(Dollars in thousands) |
|
|
Gross realized gains
|
|
$ |
— |
|
|
$ |
500 |
|
|
Gross realized losses
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
Net Securities Gains
|
|
$ |
— |
|
|
$ |
500 |
|
| |
|
|
|
|
|
|
|
|
|
Proceeds from the sale of available for sale securities
|
|
$ |
— |
|
|
$ |
24,664 |
|
| |
|
|
|
|
|
|
|
|
|
| Summary of securities that had unrealized losses |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
At June 30, 2012 |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
| |
|
(Dollars in thousands) |
|
|
U.S. Government agencies and corporations
|
|
$ |
9,999 |
|
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
9,999 |
|
|
$ |
(1 |
) |
|
Mortgage backed securities
|
|
|
25,827 |
|
|
|
(278 |
) |
|
|
— |
|
|
|
— |
|
|
|
25,827 |
|
|
|
(278 |
) |
|
State and political subdivisions
|
|
|
403 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
403 |
|
|
|
(1 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
36,229 |
|
|
$ |
(280 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
36,229 |
|
|
$ |
(280 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
At December 31, 2011 |
|
| |
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
| |
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
| |
|
(Dollars in thousands) |
|
|
U.S. Government agencies and corporations
|
|
$ |
9,999 |
|
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
9,999 |
|
|
$ |
(1 |
) |
|
Mortgage backed securities
|
|
|
25,606 |
|
|
|
(292 |
) |
|
|
— |
|
|
|
— |
|
|
|
25,606 |
|
|
|
(292 |
) |
|
State and political subdivisions
|
|
|
3,669 |
|
|
|
(44 |
) |
|
|
— |
|
|
|
— |
|
|
|
3,669 |
|
|
|
(44 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
39,274 |
|
|
$ |
(337 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
39,274 |
|
|
$ |
(337 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|