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Securities (Tables) | 9 Months Ended
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Sep. 30, 2013
Securities Tables |
Book values and approximate fair values of investment securities | The book values and approximate fair values of investment securities at September 30, 2013 and December 31, 2012 are summarized as follows:
|  | September 30, 2013 |  |  | December 31, 2012 |
|  | Amortized |  |  | Fair |  |  | Unrealized |  |  | Amortized |  |  | Fair |  |  | Unrealized |
($ in thousands) |  | Cost |  |  | Value |  |  | Gains |  |  | (Losses) |  |  | Cost |  |  | Value |  |  | Gains |  |  | (Losses) |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprise securities |  | $ | 17,500 |  |  |  | 17,361 |  |  |  | 27 |  |  |  | (166 | ) |  |  | 11,500 |  |  |  | 11,596 |  |  |  | 96 |  |  |  | — |
Mortgage-backed securities |  |  | 149,070 |  |  |  | 147,523 |  |  |  | 1,702 |  |  |  | (3,249 | ) |  |  | 143,539 |  |  |  | 146,926 |  |  |  | 3,717 |  |  |  | (330 | )
Corporate bonds |  |  | 3,998 |  |  |  | 3,651 |  |  |  | 53 |  |  |  | (400 | ) |  |  | 3,998 |  |  |  | 3,813 |  |  |  | 75 |  |  |  | (260 | )
Equity securities |  |  | 3,985 |  |  |  | 4,000 |  |  |  | 30 |  |  |  | (15 | ) |  |  | 5,026 |  |  |  | 5,017 |  |  |  | 16 |  |  |  | (25 | )
Total available for sale |  | $ | 174,553 |  |  |  | 172,535 |  |  |  | 1,812 |  |  |  | (3,830 | ) |  |  | 164,063 |  |  |  | 167,352 |  |  |  | 3,904 |  |  |  | (615 | )
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and local governments |  | $ | 54,054 |  |  |  | 56,824 |  |  |  | 2,779 |  |  |  | (9 | ) |  |  | 56,064 |  |  |  | 61,496 |  |  |  | 5,432 |  |  |  | — |
Schedule of information regarding securities with unrealized losses | The following table presents information regarding securities with unrealized losses at September 30, 2013:
($ 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 |  | $ | 8,334 |  |  |  | 166 |  |  |  | — |  |  |  | — |  |  |  | 8,334 |  |  |  | 166 |
Mortgage-backed securities |  |  | 74,011 |  |  |  | 2,986 |  |  |  | 3,042 |  |  |  | 263 |  |  |  | 77,053 |  |  |  | 3,249 |
Corporate bonds |  |  | — |  |  |  | — |  |  |  | 600 |  |  |  | 400 |  |  |  | 600 |  |  |  | 400 |
Equity securities |  |  | — |  |  |  | — |  |  |  | 26 |  |  |  | 15 |  |  |  | 26 |  |  |  | 15 |
State and local governments |  |  | 1,485 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 1,485 |  |  |  | 9 |
Total temporarily impaired securities |  | $ | 83,830 |  |  |  | 3,161 |  |  |  | 3,668 |  |  |  | 678 |  |  |  | 87,498 |  |  |  | 3,839 |
The following table presents information regarding securities with unrealized losses at December 31, 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 |  |  | 26,330 |  |  |  | 330 |  |  |  | — |  |  |  | — |  |  |  | 26,330 |  |  |  | 330 |
Corporate bonds |  |  | — |  |  |  | — |  |  |  | 740 |  |  |  | 260 |  |  |  | 740 |  |  |  | 260 |
Equity securities |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | 25 |  |  |  | 30 |  |  |  | 25 |
State and local governments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total temporarily impaired securities |  | $ | 26,330 |  |  |  | 330 |  |  |  | 770 |  |  |  | 285 |  |  |  | 27,100 |  |  |  | 615 |
Schedule of book values and approximate fair values of investment securities by contractual maturity | 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 |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Due after one year but within five years |  |  | 20,498 |  |  |  | 20,412 |  |  |  | 5,426 |  |  |  | 5,798 |
Due after five years but within ten years |  |  | — |  |  |  | — |  |  |  | 35,388 |  |  |  | 37,261 |
Due after ten years |  |  | 1,000 |  |  |  | 600 |  |  |  | 13,240 |  |  |  | 13,765 |
Mortgage-backed securities |  |  | 149,070 |  |  |  | 147,523 |  |  |  | — |  |  |  | — |
Total debt securities |  |  | 170,568 |  |  |  | 168,535 |  |  |  | 54,054 |  |  |  | 56,824 |
Equity securities |  |  | 3,985 |  |  |  | 4,000 |  |  |  | — |  |  |  | — |
Total securities |  | $ | 174,553 |  |  |  | 172,535 |  |  |  | 54,054 |  |  |  | 56,824

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