Securities Available for Sale (Tables)

6 Months Ended

Jun. 30, 2014

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Fair Values of Investment Securities Available for Sale

The amortized cost and fair values of investment securities available for sale at June 30, 2014 and December 31, 2013 were:


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2014
U.S. Government Agencies	$	24,646	$	0	$	238	$	24,408
U.S. Government Sponsored Enterprises (GSE)		1,464		0		0		1,464
States and political subdivisions		53,538		690		1,395		52,833
GSE residential mortgage-backed securities		154,773		2,629		57		157,345
GSE residential collateralized mortgage obligations (CMOs)		88,240		885		498		88,627
GSE commercial CMOs		65,273		708		766		65,215

Total debt securities		387,934		4,912		2,954		389,892
Equity securities		50		19		0		69

Totals	$	387,984	$	4,931	$	2,954	$	389,961


December 31, 2013
U.S. Government Agencies	$	25,610	$	34	$	193	$	25,451
U.S. Government Sponsored Enterprises (GSE)		14,431		5		722		13,714
States and political subdivisions		75,494		417		4,367		71,544
GSE residential mortgage-backed securities		198,449		895		725		198,619
GSE residential collateralized mortgage obligations (CMOs)		40,502		251		221		40,532
GSE commercial CMOs		59,812		0		2,798		57,014

Total debt securities		414,298		1,602		9,026		406,874
Equity securities		50		19		0		69

Totals	$	414,348	$	1,621	$	9,026	$	406,943

Gross Unrealized Losses and Fair Value of Company's Available for Sale Securities

The following table shows gross unrealized losses and fair value of the Company’s available for sale securities that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at June 30, 2014 and December 31, 2013:


	Less Than 12 Months				12 Months or More				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2014
U.S. Government Agencies	$	12,987	$	87	$	11,421	$	151	$	24,408	$	238
States and political subdivisions		0		0		35,574		1,395		35,574		1,395
GSE residential mortgage-backed securities		11,623		25		10,122		32		21,745		57
GSE residential collateralized mortgage obligations (CMOs)		41,474		498		0		0		41,474		498
GSE commercial CMOs		0		0		34,952		766		34,952		766

Total temporarily impaired securities	$	66,084	$	610	$	92,069	$	2,344	$	158,153	$	2,954


December 31, 2013
U.S. Government Agencies	$	17,454	$	193	$	0	$	0	$	17,454	$	193
U.S. Government Sponsored Enterprises (GSE)		12,049		722		0		0		12,049		722
States and political subdivisions		53,606		4,367		0		0		53,606		4,367
GSE residential mortgage-backed securities		125,468		716		7,447		9		132,915		725
GSE residential collateralized mortgage obligations (CMOs)		14,033		220		44		1		14,077		221
GSE commercial CMOs		38,298		1,248		18,716		1,550		57,014		2,798

Total temporarily impaired securities	$	260,908	$	7,466	$	26,207	$	1,560	$	287,115	$	9,026

Schedule of Amortized Cost and Fair Values of Securities Available for Sale by Contractual Maturity

The amortized cost and fair values of securities available for sale at June 30, 2014 by contractual maturity are shown below. Contractual maturities will differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


	Available for Sale
(Dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	1,464	$	1,464
Due after one year through five years		380		381
Due after five years through ten years		16,578		16,439
Due after ten years		61,226		60,421
Mortgage-backed securities and collateralized mortgage obligations		308,286		311,187

Total debt securities		387,934		389,892
Equity securities		50		69

	$	387,984	$	389,961

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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