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Investment Securities | 9 Months Ended
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Sep. 30, 2012
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies and corporations |  | $ | 34,812 |  |  | $ | 925 |  |  | $ | 2 |  |  | $ | 35,735 |
Mortgage-backed securities |  |  | 87,427 |  |  |  | 2,588 |  |  |  | 2 |  |  |  | 90,013 |
Equity securities |  |  | 589 |  |  |  | 35 |  |  |  | - |  |  |  | 624 |
Total |  | $ | 122,828 |  |  | $ | 3,548 |  |  | $ | 4 |  |  | $ | 126,372 |
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 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 4,075 |  |  | $ | 251 |  |  | $ | - |  |  | $ | 4,326 |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 6,480 |  |  | $ | 252 |  |  | $ | - |  |  | $ | 6,732 |
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 September 30, 2012.
|  | 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 |  | $ | 2,998 |  |  | $ | 2 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,998 |  |  | $ | 2 |
Mortgage-backed securities |  |  | 1,571 |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 1,571 |  |  |  | 2 |
Total |  | $ | 4,569 |  |  | $ | 4 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,569 |  |  | $ | 4 |
Total available-for-sale securities have a fair value of approximately $126.4 million. Of these securities, approximately $4.6 million have unrealized losses when compared to their amortized cost. All of the securities with the unrealized losses in the available-for-sale portfolio have modest duration risk, low credit risk, and minimal losses when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since 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 September 30, 2012. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2012.
|  | 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 |  | $ | 5,015 |  |  | $ | 5,031 |  |  | $ | 1,415 |  |  | $ | 1,422 |
Due after one year through five years |  |  | 18,240 |  |  |  | 18,305 |  |  |  | 1,148 |  |  |  | 1,206 |
Due after five years through ten years |  |  | 4,409 |  |  |  | 4,579 |  |  |  | 1,008 |  |  |  | 1,141 |
Due after ten years |  |  | 94,575 |  |  |  | 97,833 |  |  |  | 504 |  |  |  | 557 |
|  |  | 122,239 |  |  |  | 125,748 |  |  |  | 4,075 |  |  |  | 4,326 |
Equity securities |  |  | 589 |  |  |  | 624 |  |  |  | - |  |  |  | - |
Total |  | $ | 122,828 |  |  | $ | 126,372 |  |  | $ | 4,075 |  |  | $ | 4,326 |
The maturity dates for debt securities are determined using contractual maturity dates.

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