XML 79 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Securities Available for Sale (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014 were:
 
(Dollars in thousands)
Amortized Cost

Gross Unrealized
Gains

Gross Unrealized
Losses

Fair Value
March 31, 2015







U.S. Government Agencies
$
28,282

 
$
97

 
$
29

 
$
28,350

States and political subdivisions
57,826

 
1,046

 
393

 
58,479

U.S. Government Sponsored Enterprises (GSE) residential mortgage-backed securities
158,610

 
2,599

 
0

 
161,209

GSE residential collateralized mortgage obligations (CMOs)
30,071

 
492

 
85

 
30,478

GSE commercial CMOs
69,570

 
1,742

 
69

 
71,243

Total debt securities
344,359

 
5,976

 
576

 
349,759

Equity securities
50

 
18

 
0

 
68

Totals
$
344,409

 
$
5,994

 
$
576

 
$
349,827

December 31, 2014
 
 
 
 
 
 
 
U.S. Government Agencies
$
23,910

 
$
71

 
$
23

 
$
23,958

States and political subdivisions
52,578

 
819

 
996

 
52,401

GSE residential mortgage-backed securities
174,220

 
1,573

 
197

 
175,596

GSE residential 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

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 March 31, 2015 and December 31, 2014:
 
 
Less Than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
$
10,726

 
$
26

 
$
3,546

 
$
3

 
$
14,272

 
$
29

States and political subdivisions
8,834

 
22

 
14,426

 
371

 
23,260

 
393

GSE residential collateralized mortgage obligations (CMOs)
3,321

 
29

 
5,449

 
56

 
8,770

 
85

GSE commercial CMOs
24,638

 
69

 
0

 
0

 
24,638

 
69

Total temporarily impaired securities
$
47,519

 
$
146

 
$
23,421

 
$
430

 
$
70,940

 
$
576

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

GSE residential mortgage-backed securities
65,474

 
197

 
0

 
0

 
65,474

 
197

GSE residential 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

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 March 31, 2015 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
$
0

 
$
0

Due after one year through five years
875

 
918

Due after five years through ten years
37,787

 
38,272

Due after ten years
47,446

 
47,639

Mortgage-backed securities and collateralized mortgage obligations
258,251

 
262,930

Total debt securities
344,359

 
349,759

Equity securities
50

 
68

 
$
344,409

 
$
349,827