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Investments (Tables)

3 Months Ended

Mar. 31, 2014

Investments [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

The following table shows a comparison of amortized cost and fair values of investment securities at March 31, 2014 and December 31, 2013:

(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		OTTI in AOCI
March 31, 2014
Available for Sale:
U.S. Treasuries	$	23,500	$	0	$	0*	$	23,500	$	0
U.S. government agencies		89,761		84		3,880		85,965		0
Residential mortgage-backed agencies		113,815		347		3,710		110,452		0
Commercial mortgage-backed agencies		39,296		63		1,021		38,338		0
Collateralized mortgage obligations		29,498		75		573		29,000		0
Obligations of states and political subdivisions		50,629		1,177		689		51,117		0
Collateralized debt obligations		37,249		975		15,131		23,093		8,314
Total available for sale	$	383,748	$	2,721	$	25,004	$	361,465	$	8,314
* DeMinimus
Held to Maturity:
Obligations of states and political subdivisions	$	2,860	$	0	$	416	$	2,444	$	0
December 31, 2013
Available for Sale:
U.S. government agencies	$	97,242	$	14	$	5,221	$	92,035	$	0
Residential mortgage-backed agencies		116,933		334		4,823		112,444		0
Commercial mortgage-backed agencies		31,025		14		1,134		29,905		0
Collateralized mortgage obligations		30,468		84		1,162		29,390		0
Obligations of states and political subdivisions		55,505		895		1,123		55,277		0
Collateralized debt obligations		37,146		778		20,386		17,538		12,703
Total available for sale	$	368,319	$	2,119	$	33,849	$	336,589	$	12,703
Held to Maturity:
Obligations of states and political subdivisions	$	3,900	$	249	$	559	$	3,590	$	0

Proceeds Fom Sales And Realized Gain And Losses [Table Text Block]

Proceeds from sales of securities and the realized gains and losses are as follows:

	Three Months Ended
	March 31,
(in thousands)	2014		2013
Proceeds	$	8,585	$	35,136
Realized gains		95		412
Realized losses		163		162

Gross Unrealized Losses And Fair Values Of Securities [Table Text Block]

	Less than 12 months				12 months or more
(in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
March 31, 2014
Available for Sale:
U.S. Treasuries	$	12,000	$	0*	$	0	$	0
U.S. government agencies		34,814		1,223		21,417		2,657
Residential mortgage-backed agencies		22,928		937		52,347		2,773
Commercial mortgage-backed agencies		25,570		634		4,732		387
Collateralized mortgage obligations		20,448		573		0		0
Obligations of states and political subdivisions		10,877		447		1,761		242
Collateralized debt obligations		0		0		18,029		15,131
Total available for sale	$	126,637	$	3,814	$	98,286	$	21,190
* DeMinimus
Held to Maturity:
Obligations of states and political subdivisions	$	0	$	0	$	2,444	$	416

December 31, 2013
Available for Sale:
U.S. government agencies	$	62,962	$	3,154	$	13,996	$	2,067
Residential mortgage-backed agencies		60,781		1,801		46,570		3,022
Commercial mortgage-backed agencies		21,889		1,134		0		0
Collateralized mortgage obligations		21,201		1,149		3,051		13
Obligations of states and political subdivisions		15,422		1,123		0		0
Collateralized debt obligations		0		0		16,434		20,386
Total available for sale	$	182,255	$	8,361	$	80,051	$	25,488
Held to Maturity:
Obligations of states and political subdivisions	$	0	$	0	$	2,301	$	559

Non-Cash OTTI Credit Losses Recognized In Earnings [Table Text Block]

The following table presents a cumulative roll-forward of the amount of non-cash OTTI charges related to credit losses which have been recognized in earnings for the trust preferred securities in the CDO portfolio held and not intended to be sold for the three months ended March 31, 2014 and 2013:

	Three Months Ended March 31,
(in thousands)	2014		2013
Balance of credit-related OTTI at January 1	$	13,422	$	13,959
Reduction for increases in cash flows expected to be collected		(160)		(125)
Balance of credit-related OTTI at March 31	$	13,262	$	13,834

Amortized Cost And Fair Values Classified By Contractual Maturity Date [Table Text Block]

	March 31, 2014
(in thousands)	Amortized Cost		Fair Value
Contractual Maturity
Available for sale:
Due in one year or less	$	23,500	$	23,500
Due after one year through five years		30,407		30,188
Due after five years through ten years		67,845		67,107
Due after ten years		79,387		62,880
		201,139		183,675
Residential mortgage-backed agencies		113,815		110,452
Commercial mortgage-backed agencies		39,296		38,338
Collateralized mortgage obligations		29,498		29,000
	$	383,748	$	361,465
Held to Maturity:
Due after ten years	$	2,860	$	2,444

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

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