XML 59 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
SECURITIES AVAILABLE FOR SALE (Tables)
12 Months Ended
Dec. 31, 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 December 31, were:
 
(Dollars in thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
December 31, 2014
 
 
 
 
 
 
 
U.S. Government Agencies
$
23,910

 
$
71

 
$
23

 
$
23,958

States and political subdivisions
52,578

 
819

 
996

 
52,401

U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities
174,220

 
1,573

 
197

 
175,596

GSE residential collateralized mortgage obligations (CMOs)
57,976

 
857

 
128

 
58,705

GSE commercial CMOs
65,041

 
1,017

 
586

 
65,472

Total debt securities
373,725

 
4,337

 
1,930

 
376,132

Equity securities
50

 
17

 
0

 
67

Totals
$
373,775

 
$
4,354

 
$
1,930

 
$
376,199

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 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 individual securities have been in a continuous unrealized loss position at December 31:
 
Less Than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
$
0

 
$
0

 
$
9,012

 
$
23

 
$
9,012

 
$
23

States and political subdivisions
0

 
0

 
35,833

 
996

 
35,833

 
996

U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities
65,474

 
197

 
0

 
0

 
65,474

 
197

GSE residential collateralized mortgage obligations (CMOs)
11,930

 
128

 
0

 
0

 
11,930

 
128

GSE commercial CMOs
0

 
0

 
29,969

 
586

 
29,969

 
586

Total temporarily impaired securities
$
77,404

 
$
325

 
$
74,814

 
$
1,605

 
$
152,218

 
$
1,930

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 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 December 31, 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.
INVESTMENT PORTFOLIO
 
 
Available for Sale
(Dollars in thousands)
Amortized Cost
 
Fair Value
 
 
 
 
Due in one year or less
$
0

 
$
0

Due after one year through five years
380

 
381

Due after five years through ten years
22,429

 
22,392

Due after ten years
53,679

 
53,586

Mortgage-backed securities and collateralized mortgage obligations
297,237

 
299,773

Total debt securities
373,725

 
376,132

Equity securities
50

 
67

 
$
373,775

 
$
376,199