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Securities (Tables)

3 Months Ended

Mar. 31, 2014

Securities Tables

Book values and approximate fair values of investment securities

The book values and approximate fair values of investment securities at March 31, 2014 and December 31, 2013 are summarized as follows:

		March 31, 2014																December 31, 2013
		Amortized				Fair				Unrealized								Amortized				Fair				Unrealized
($ in thousands)		Cost				Value				Gains				(Losses)				Cost				Value				Gains				(Losses)
Securities available for sale:
Government-sponsored enterprise securities		$	22,435				22,296				34				(173	)			18,432				18,245				32				(219	)
Mortgage-backed securities			149,366				148,081				1,277				(2,562	)			148,646				147,187				1,415				(2,874	)
Corporate bonds			3,999				3,675				36				(360	)			3,999				3,598				44				(445	)
Equity securities			6,107				6,138				43				(12	)			3,984				4,011				40				(13	)
Total available for sale		$	181,907				180,190				1,390				(3,107	)			175,061				173,041				1,531				(3,551	)
Securities held to maturity:
State and local governments		$	53,937				57,192				3,255				—				53,995				56,700				2,709				(4	)

Schedule of information regarding securities with unrealized losses

The following table presents information regarding securities with unrealized losses at March 31, 2014:

($ 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		$	12,262				173				—				—				12,262				173
Mortgage-backed securities			62,049				1,175				24,496				1,387				86,545				2,562
Corporate bonds			—				—				640				360				640				360
Equity securities			—				—				22				12				22				12
State and local governments			—				—				—				—				—				—
Total temporarily impaired securities		$	74,311				1,348				25,158				1,759				99,469				3,107

The following table presents information regarding securities with unrealized losses at December 31, 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		$	12,212				219				—				—				12,212				219
Mortgage-backed securities			64,937				1,675				17,979				1,199				82,916				2,874
Corporate bonds			—				—				555				445				555				445
Equity securities			—				—				22				13				22				13
State and local governments			992				4				—				—				992				4
Total temporarily impaired securities		$	78,141				1,898				18,556				1,657				96,697				3,555

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 March 31, 2014, 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		$	—				—				—				—
Due after one year but within five years			21,499				21,413				7,481				8,074
Due after five years but within ten years			3,935				3,918				37,579				39,791
Due after ten years			1,000				640				8,877				9,327
Mortgage-backed securities			149,366				148,081				—				—
Total debt securities			175,800				174,052				53,937				57,192
Equity securities			6,107				6,138				—				—
Total securities		$	181,907				180,190				53,937				57,192

X

- Definition

Schedule of investment securities which includes, but is not limited to, amortized cost basis, fair value, and gross unrealized gain (loss) values by type of security.

+ References

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

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