XML 55 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Investment Securities | 3 Months Ended
--- | ---
Mar. 31, 2013
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies and corporations |  | $ | 37,629 |  |  | $ | 828 |  |  | $ | 4 |  |  | $ | 38,453 |
Mortgage-backed securities |  |  | 101,074 |  |  |  | 2,261 |  |  |  | 174 |  |  |  | 103,161 |
Equity securities |  |  | 600 |  |  |  | 24 |  |  |  | - |  |  |  | 624 |
Total |  | $ | 139,303 |  |  | $ | 3,113 |  |  | $ | 178 |  |  | $ | 142,238 |
December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies and corporations |  | $ | 35,213 |  |  | $ | 903 |  |  | $ | 9 |  |  | $ | 36,107 |
Mortgage-backed securities |  |  | 106,524 |  |  |  | 2,464 |  |  |  | 208 |  |  |  | 108,780 |
Equity securities |  |  | 596 |  |  |  | 25 |  |  |  | - |  |  |  | 621 |
Total |  | $ | 142,333 |  |  | $ | 3,392 |  |  | $ | 217 |  |  | $ | 145,508 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 2,594 |  |  | $ | 226 |  |  | $ | - |  |  | $ | 2,820 |
December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 2,657 |  |  | $ | 227 |  |  | $ | - |  |  | $ | 2,884 |
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 March 31, 2013.
|  | 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 |  | $ | 2,995 |  |  | $ | 4 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,995 |  |  | $ | 4 |
Mortgage-backed securities |  |  | 25,086 |  |  |  | 174 |  |  |  | - |  |  |  | - |  |  |  | 25,086 |  |  |  | 174 |
Total |  | $ | 28,081 |  |  | $ | 178 |  |  | $ | - |  |  | $ | - |  |  | $ | 28,081 |  |  | $ | 178 |
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 March 31, 2013. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at March 31, 2013.
|  | 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 |  | $ | 33 |  |  | $ | 34 |  |  | $ | 145 |  |  | $ | 145 |
Due after one year through five years |  |  | 24,131 |  |  |  | 24,184 |  |  |  | 938 |  |  |  | 982 |
Due after five years through ten years |  |  | 3,960 |  |  |  | 4,112 |  |  |  | 1,007 |  |  |  | 1,135 |
Due after ten years |  |  | 110,579 |  |  |  | 113,284 |  |  |  | 504 |  |  |  | 558 |
|  |  | 138,703 |  |  |  | 141,614 |  |  |  | 2,594 |  |  |  | 2,820 |
Equity securities |  |  | 600 |  |  |  | 624 |  |  |  | - |  |  |  | - |
Total |  | $ | 139,303 |  |  | $ | 142,238 |  |  | $ | 2,594 |  |  | $ | 2,820 |
The maturity dates for debt securities are determined using contractual maturity dates.

X
- Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + 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 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 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 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 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 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
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration