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Investment Securities | 3 Months Ended
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Mar. 31, 2014
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, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 5,309 |  | $ | - |  | $ | 4 |  | $ | 5,305 |
U.S. Government agencies |  |  | 54,705 |  |  | 50 |  |  | 373 |  |  | 54,382 |
Mortgage-backed |  |  | 92,263 |  |  | 461 |  |  | 774 |  |  | 91,950 |
Equity |  |  | 614 |  |  | - |  |  | 4 |  |  | 610 |
Total |  | $ | 152,891 |  | $ | 511 |  | $ | 1,155 |  | $ | 152,247 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 5,342 |  | $ | 1 |  | $ | - |  | $ | 5,343 |
U.S. Government agencies |  |  | 60,754 |  |  | 62 |  |  | 372 |  |  | 60,444 |
Mortgage-backed |  |  | 81,130 |  |  | 520 |  |  | 937 |  |  | 80,713 |
Equity |  |  | 609 |  |  | - |  |  | 8 |  |  | 601 |
Total |  | $ | 147,835 |  | $ | 583 |  | $ | 1,317 |  | $ | 147,101 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 2,891 |  | $ | - |  | $ | 211 |  | $ | 2,680 |
States and political subdivisions |  |  | 2,183 |  |  | 141 |  |  | - |  |  | 2,324 |
Total |  | $ | 5,074 |  | $ | 141 |  | $ | 211 |  | $ | 5,004 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 2,975 |  | $ | - |  | $ | 222 |  | $ | 2,753 |
States and political subdivisions |  |  | 2,210 |  |  | 99 |  |  | - |  |  | 2,309 |
Total |  | $ | 5,185 |  | $ | 99 |  | $ | 222 |  | $ | 5,062 |
The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2014 and December 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 |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 5,305 |  | $ | 4 |  | $ | - |  | $ | - |  | $ | 5,305 |  | $ | 4 |
U.S. Government agencies |  |  | 38,491 |  |  | 373 |  |  | - |  |  | - |  |  | 38,491 |  |  | 373 |
Mortgage-backed |  |  | 34,281 |  |  | 352 |  |  | 18,438 |  |  | 422 |  |  | 52,719 |  |  | 774 |
Equity |  |  | 610 |  |  | 4 |  |  | - |  |  | - |  |  | 610 |  |  | 4 |
Total |  | $ | 78,687 |  | $ | 733 |  | $ | 18,438 |  | $ | 422 |  | $ | 97,125 |  | $ | 1,155 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 2,680 |  | $ | 211 |  | $ | - |  | $ | - |  | $ | 2,680 |  | $ | 211 |
|  | Less than 12 Months |  | More than 12 Months |  | Total |
(Dollars in thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 33,004 |  | $ | 372 |  | $ | - |  | $ | - |  | $ | 33,004 |  | $ | 372 |
Mortgage-backed |  |  | 28,694 |  |  | 416 |  |  | 19,121 |  |  | 521 |  |  | 47,815 |  |  | 937 |
Equity |  |  | 601 |  |  | 8 |  |  | - |  |  | - |  |  | 601 |  |  | 8 |
Total |  | $ | 62,299 |  | $ | 796 |  | $ | 19,121 |  | $ | 521 |  | $ | 81,420 |  | $ | 1,317 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 2,753 |  | $ | 222 |  | $ | - |  | $ | - |  | $ | 2,753 |  | $ | 222 |
All of the securities with unrealized losses in the 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 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 for debt securities, the Company considers the unrealized losses to be temporary. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at March 31, 2014.
|  | 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 |  | $ | 2,023 |  | $ | 2,028 |  | $ | 241 |  | $ | 243 |
Due after one year through five years |  |  | 57,639 |  |  | 57,473 |  |  | 432 |  |  | 450 |
Due after five years through ten years |  |  | 6,735 |  |  | 6,775 |  |  | 1,006 |  |  | 1,108 |
Due after ten years |  |  | 85,880 |  |  | 85,361 |  |  | 3,395 |  |  | 3,203 |
|  |  | 152,277 |  |  | 151,637 |  |  | 5,074 |  |  | 5,004 |
Equity securities |  |  | 614 |  |  | 610 |  |  | - |  |  | - |
Total |  | $ | 152,891 |  | $ | 152,247 |  | $ | 5,074 |  | $ | 5,004 |
The maturity dates for debt securities are determined using contractual maturity dates.

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