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Securities Available for Sale (Tables)

9 Months Ended

Sep. 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 September 30, 2014 and December 31, 2013 were:

(Dollars in thousands)	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
September 30, 2014
U.S. Government Agencies	$	24,216			$	15			$	55			$	24,176
States and political subdivisions	52,658				726				1,370				52,014
U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities	178,817				1,456				487				179,786
GSE residential collateralized mortgage obligations (CMOs)	81,584				788				388				81,984
GSE commercial CMOs	65,156				466				1,082				64,540
Total debt securities	402,431				3,451				3,382				402,500
Equity securities	50				13				0				63
Totals	$	402,481			$	3,464			$	3,382			$	402,563
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 September 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
September 30, 2014
U.S. Government Agencies	$	3,743			$	5			$	15,195			$	50			$	18,938			$	55
States and political subdivisions	0				0				35,529				1,370				35,529				1,370
GSE residential mortgage-backed securities	80,161				487				0				0				80,161				487
GSE residential collateralized mortgage obligations (CMOs)	28,728				388				0				0				28,728				388
GSE commercial CMOs	9,862				82				29,651				1,000				39,513				1,082
Total temporarily impaired securities	$	122,494			$	962			$	80,375			$	2,420			$	202,869			$	3,382
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 September 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	$	365			$	366
Due after one year through five years	15				15
Due after five years through ten years	16,953				16,854
Due after ten years	59,541				58,955
Mortgage-backed securities and collateralized mortgage obligations	325,557				326,310
Total debt securities	402,431				402,500
Equity securities	50				63
	$	402,481			$	402,563

X

- 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.

+ 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



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 320

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803



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-Name Accounting Standards Codification

-Topic 320

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563

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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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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

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