XML 60 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Securities | 6 Months Ended
--- | ---
Jun. 30, 2013
Securities [Abstract] |
Securities | 6. Securities The amortized cost and fair value of securities were as follows:
|  | June 30, 2013
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
|  | (In Thousands)
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 23,663 |  | $ | - |  | $ | (811) |  | $ | 22,852
States and political subdivisions |  |  | 60,860 |  |  | 1,065 |  |  | (1,428) |  |  | 60,497
Corporate obligations |  |  | 8,186 |  |  | 211 |  |  | (98) |  |  | 8,299
Mortgage-backed securities- |  |  |  |  |  |  |  |  |  |  |  |
government sponsored entities |  |  | 59,544 |  |  | 396 |  |  | (1,165) |  |  | 58,775
Equity securities-financial services |  |  | 292 |  |  | 38 |  |  | (3) |  |  | 327
|  | $ | 152,545 |  | $ | 1,710 |  | $ | (3,505) |  | $ | 150,750
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  | $ | 173 |  | $ | 4 |  | $ | - |  | $ | 177
|  | December 31, 2012
|  |  |  |  | Gross |  | Gross |  |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
|  | (In Thousands)
Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 13,076 |  | $ | 36 |  | $ | (20) |  | $ | 13,092
States and political subdivisions |  |  | 55,864 |  |  | 2,995 |  |  | (73) |  |  | 58,786
Corporate obligations |  |  | 8,521 |  |  | 347 |  |  | - |  |  | 8,868
Mortgage-backed securities-government |  |  |  |  |  |  |  |  |  |  |  |
sponsored entities |  |  | 63,397 |  |  | 1,041 |  |  | (113) |  |  | 64,325
Equity securities-financial services |  |  | 292 |  |  | 27 |  |  | - |  |  | 319
|  | $ | 141,150 |  | $ | 4,446 |  | $ | (206) |  | $ | 145,390
Held to Maturity: |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  | $ | 173 |  | $ | 4 |  | $ | - |  | $ | 177
The following tables show the Company’s investments’ gross unrealized losses and fair value aggregated by length of time that individual securities have been in a continuous unrealized loss position (in thousands):
| June 30, 2013
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. government agencies | $ | 22,853 |  | $ | (811) |  | $ | - |  | $ | - |  | $ | 22,853 |  | $ | (811)
States and political subdivisions |  | 22,084 |  |  | (1,428) |  |  | - |  |  | - |  |  | 22,084 |  |  | (1,428)
Corporate Obligations |  | 2,496 |  |  | (98) |  |  | - |  |  | - |  |  | 2,496 |  |  | (98)
Mortgage-backed securities-government sponsored agencies |  | 38,059 |  |  | (1,150) |  |  | 924 |  |  | (15) |  |  | 38,983 |  |  | (1,165)
Equity securities–financial services |  | 182 |  |  | (3) |  |  | - |  |  | - |  |  | 182 |  |  | (3)
| $ | 85,674 |  | $ | (3,490) |  | $ | 924 |  | $ | (15) |  | $ | 86,598 |  | $ | (3,505)
| December 31, 2012
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. government agencies | $ | 7,056 |  | $ | (20) |  | $ | - |  | $ | - |  | $ | 7,056 |  | $ | (20)
States and political subdivisions |  | 5,821 |  |  | (73) |  |  | - |  |  | - |  |  | 5,821 |  |  | (73)
Mortgage-backed securities-government sponsored agencies |  | 17,199 |  |  | (113) |  |  | - |  |  | - |  |  | 17,199 |  |  | (113)
| $ | 30,076 |  | $ | (206) |  | $ | - |  | $ | - |  | $ | 30,076 |  | $ | (206)
At June 30, 2013, the Company has 101 debt securities in an unrealized loss position in the less than twelve months category and one debt securit y in the twelve months or more category. In Management’s opinion the unrealized losses reflect changes in interest rates subsequent to the acquisition of specific securities. No other-than-temporary-impairment charges were recorded in 2013. Management believes that all unrealized loss es represent temporary impairment of the securit ies as the Company does not have the intent to sell the securit ies and it is more likely than not that it will not have to sell the securit ies before recovery of its cost basis. The amortized cost and fair value of debt securities as of June 30, 2013 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties.
|  | Available for Sale |  | Held to Maturity
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
|  | (In Thousands)
Due in one year or less |  | $ | 3,416 |  | $ | 3,462 |  | $ | 173 |  | $ | 177
Due after one year through five years |  |  | 13,433 |  |  | 13,579 |  |  | - |  |  | -
Due after five years through ten years |  |  | 36,489 |  |  | 35,831 |  |  | - |  |  | -
Due after ten years |  |  | 39,371 |  |  | 38,776 |  |  | - |  |  | -
Mortgage-backed securities-government sponsored agencies |  |  | 59,544 |  |  | 58,775 |  |  | - |  |  | -
|  | $ | 152,253 |  | $ | 150,423 |  | $ | 173 |  | $ | 177
Gross realized gains and gross realized losses on sales of securities available for sale were as follows (in thousands):
|  | Three Months |  | Six Months
|  | Ended June 30, |  | Ended June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
Gross realized gains |  | $ | 254 |  | $ | 285 |  | $ | 410 |  | $ | 687
Gross realized losses |  |  | - |  |  | - |  |  | (18) |  |  | -
Net realized gain |  | $ | 254 |  | $ | 285 |  | $ | 392 |  | $ | 687
Proceeds from sales of securities |  | $ | 7,896 |  | $ | 7,716 |  | $ | 15,299 |  | $ | 18,349

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 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: 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=27724398&loc=d3e27357-111563 Reference 3: 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 4: 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 5: 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=27724398&loc=d3e27232-111563 Reference 6: 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 7: 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=27724398&loc=d3e27161-111563 Reference 8: 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=27724398&loc=d3e27405-111563 Reference 9: 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 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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