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Securities (Tables)

9 Months Ended

Sep. 30, 2012

Securities Tables

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at September 30, 2012 and December 31, 2011 are summarized as follows:

		September 30, 2012																December 31, 2011
		Amortized				Fair				Unrealized								Amortized				Fair				Unrealized
($ in thousands)		Cost				Value				Gains				(Losses)				Cost				Value				Gains				(Losses)

Securities available for sale:
Government-sponsored enterprise securities		$	20,500				20,614				114				—				34,511				34,665				170				(16	)
Mortgage-backed securities			124,164				128,533				4,369				—				120,032				124,105				4,164				(91	)
Corporate bonds			3,997				3,857				100				(240	)			13,189				12,488				279				(980	)
Equity securities			7,952				8,403				473				(22	)			10,998				11,368				409				(39	)
Total available for sale		$	156,613				161,407				5,056				(262	)			178,730				182,626				5,022				(1,126	)

Securities held to maturity:
State and local governments		$	56,123				61,877				5,754				—				57,988				62,754				4,766				—
Total held to maturity		$	56,123				61,877				5,754				—				57,988				62,754				4,766				—

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at September 30, 2012:

($ in thousands)		Securities in an Unrealized Loss Position for Less than 12 Months								Securities in an Unrealized Loss Position for More than 12 Months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Government-sponsored enterprise securities		$	—				—				—				—				—				—
Mortgage-backed securities			—				—				—				—				—				—
Corporate bonds			—				—				760				240				760				240
Equity securities			—				—				30				22				30				22
State and local governments			—				—				—				—				—				—
Total temporarily impaired securities		$	—				—				790				262				790				262

The following table presents information regarding securities with unrealized losses at December 31, 2011:

($ in thousands)		Securities in an Unrealized Loss Position for Less than 12 Months								Securities in an Unrealized Loss Position for More than 12 Months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Government-sponsored enterprise securities		$	8,984				16				—				—				8,984				16
Mortgage-backed securities			14,902				61				9,302				30				24,204				91
Corporate bonds			4,588				458				2,773				522				7,361				980
Equity securities			4				2				22				37				26				39
State and local governments			—				—				—				—				—				—
Total temporarily impaired securities		$	28,478				537				12,097				589				40,575				1,126

Schedule of book values and approximate fair values of investment securities by contractual maturity

The book values and approximate fair values of investment securities at September 30, 2012, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

		Securities Available for Sale								Securities Held to Maturity
		Amortized				Fair				Amortized				Fair
($ in thousands)		Cost				Value				Cost				Value

Debt securities
Due within one year		$	3,000				3,007				350				355
Due after one year but within five years			20,497				20,704				3,208				3,484
Due after five years but within ten years			—				—				29,677				32,653
Due after ten years			1,000				760				22,888				25,385
Mortgage-backed securities			124,164				128,533				—				—
Total debt securities			148,661				153,004				56,123				61,877

Equity securities			7,952				8,403				—				—
Total securities		$	156,613				161,407				56,123				61,877