Investments (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Available-for-sale Securities Reconciliation

The amortized cost and estimated fair value of investment securities available-for-sale are as follows

(dollars in thousands, unaudited):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

U.S. Government agencies	$	4,363	$	4	$	(74)	$	4,293
Obligations of state and political subdivisions		87,237		2,138		(1,970)		87,405
U.S. Government agencies collateralized by mortgage obligations		300,565		2,096		(3,017)		299,644
Equity Securities		1,336		898		-		2,234
	$	393,501	$	5,136	$	(5,061)	$	393,576

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. Government agencies	$	2,987	$	3	$	(17)	$	2,973
Obligations of state and political subdivisions		70,736		3,430		(180)		73,986
U.S. Government agencies collateralized by mortgage obligations		298,806		3,547		(964)		301,389
Equity Securities		1,336		508		(4)		1,840
	$	373,865	$	7,488	$	(1,165)	$	380,188

Information Pertaining to Investment Securities Aggregated by Investment Category and Length of Time that Individual Securities in a Continuous Loss Position

At June 30, 2013 and December 31, 2012, the Company had 209 securities and 89 securities, respectively, with unrealized losses. Management has evaluated those securities as of the respective dates, and does not believe that any of the associated unrealized losses are other than temporary. Information pertaining to our investment securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is disclosed in the table below.

Investment Portfolio - Unrealized Losses

(dollars in thousands, unaudited)

	June 30, 2013
	Less than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value
U.S. Government Agencies	$	(74)	$	2,615	$	-	$	-
Obligations of State and Political Subdivisions		(1,948)		36,167		(22)		309
U.S. Government agencies collateralized by mortgage obligations		(2,786)		179,242		(231)		12,838
Other Securities		-		-		-		-
Total	$	(4,808)	$	218,024	$	(253)	$	13,147

	December 31, 2012
	Less than Twelve Months				Over Twelve Months
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value

U.S. Government Agencies	$	(17)	$	1,996	$	-	$	-
Obligations of State and Political Subdivisions		(180)		9,324		-		-
U.S. Government agencies collateralized by mortgage obligations		(903)		106,799		(61)		6,965
Other Securities		(4)		242		-		-
Total	$	(1,104)	$	118,361	$	(61)	$	6,965