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INVESTMENT SECURITIES | 12 Months Ended
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Dec. 31, 2011
Investments, Debt and Equity Securities [Abstract] |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3. INVESTMENT SECURITIES The following table provides information on the amortized cost and estimated fair values of investment securities.
|  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies and corporations |  | $ | 41,360 |  |  | $ | 803 |  |  | $ | 15 |  |  | $ | 42,148 |
Mortgage-backed securities |  |  | 85,545 |  |  |  | 1,587 |  |  |  | 99 |  |  |  | 87,033 |
Equity securities |  |  | 577 |  |  |  | 22 |  |  |  | - |  |  |  | 599 |
Total |  | $ | 127,482 |  |  | $ | 2,412 |  |  | $ | 114 |  |  | $ | 129,780 |
December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies and corporations |  | $ | 58,052 |  |  | $ | 921 |  |  | $ | 69 |  |  | $ | 58,904 |
Mortgage-backed securities |  |  | 38,817 |  |  |  | 933 |  |  |  | 173 |  |  |  | 39,577 |
Equity securities |  |  | 566 |  |  |  | 8 |  |  |  | - |  |  |  | 574 |
Total |  | $ | 97,435 |  |  | $ | 1,862 |  |  | $ | 242 |  |  | $ | 99,055 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 6,480 |  |  | $ | 252 |  |  | $ | - |  |  | $ | 6,732 |
December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 6,727 |  |  | $ | 143 |  |  | $ | 19 |  |  | $ | 6,851 |
The following table provides information about gross unrealized losses and fair value by length of time that the individual available-for-sale securities have been in a continuous unrealized loss position at December 31, 2011.
|  | Less than 12 Months |  |  | More than 12 Months |  |  | Total |
(Dollars in thousands) |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Gov’t agencies and corporations |  | $ | 13,114 |  |  | $ | 15 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,114 |  |  | $ | 15 |
Mortgage-backed securities |  |  | 16,085 |  |  |  | 67 |  |  |  | 3,856 |  |  |  | 32 |  |  |  | 19,941 |  |  |  | 99 |
Total |  | $ | 29,199 |  |  | $ | 82 |  |  | $ | 3,856 |  |  | $ | 32 |  |  | $ | 33,055 |  |  | $ | 114 |
The available-for-sale securities have a fair value of approximately $129.8 million, of which approximately $33.1 million have unrealized losses when compared to their amortized cost. The securities with the unrealized losses in the available-for-sale portfolio all have modest duration risk, low credit risk, and minimal losses (approximately 0.09%) when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since the original purchase. Because the Company does not intend to sell these debt securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be at maturity, the Company considers the unrealized losses in the available-for-sale portfolio to be temporary. There were no unrealized losses in the held-to-maturity securities portfolio at December 31, 2011. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at December 31, 2011.
|  | Available for sale |  |  | Held to maturity |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
(Dollars in thousands) |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Due in one year or less |  | $ | 7,004 |  |  | $ | 7,123 |  |  | $ | 2,583 |  |  | $ | 2,626 |
Due after one year through five years |  |  | 21,722 |  |  |  | 21,773 |  |  |  | 1,590 |  |  |  | 1,648 |
Due after five years through ten years |  |  | 5,297 |  |  |  | 5,401 |  |  |  | 1,297 |  |  |  | 1,373 |
Due after ten years |  |  | 92,882 |  |  |  | 94,884 |  |  |  | 1,010 |  |  |  | 1,085 |
|  |  | 126,905 |  |  |  | 129,181 |  |  |  | 6,480 |  |  |  | 6,732 |
Equity securities |  |  | 577 |  |  |  | 599 |  |  |  | - |  |  |  | - |
Total |  | $ | 127,482 |  |  | $ | 129,780 |  |  | $ | 6,480 |  |  | $ | 6,732 |
The maturity dates for debt securities are determined using contractual maturity dates. The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase. All pledged securities are in the available-for-sale investment portfolio.
|  | December 31, 2011 |  |  | December 31, 2010 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
(Dollars in thousands) |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Pledged available-for-sale securities |  | $ | 77,762 |  |  | $ | 79,358 |  |  | $ | 63,097 |  |  | $ | 64,651 |
There were no obligations of states or political subdivisions with carrying values, as to any issuer, exceeding 10% of stockholders’ equity at December 31, 2011 or 2010. Proceeds from sales of investment securities were $20.8 million, $0, and $2.0 million for the years ended December 31, 2011, 2010, and 2009, respectively. Gross gains from sales of investment securities were $595 thousand, $0 and $49 thousand for the years ended December 31, 2011, 2010, and 2009, respectively. Gross losses were $32 thousand for 2011. There were no gross losses for 2010 or 2009.

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- Definition Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 -Topic 320 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 -Topic 320 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 10: 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=6872113&loc=d3e27290-111563 + Details
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