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Securities (Tables)
6 Months Ended
Jun. 30, 2014
Securities [Abstract]  
Amortized Cost and Fair Values of Securities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

26,941 

 

$

23 

 

$

(438)

 

$

26,526 

States and political subdivisions

 

 

58,785 

 

 

1,485 

 

 

(378)

 

 

59,892 

Corporate obligations

 

 

6,457 

 

 

137 

 

 

(11)

 

 

6,583 

Mortgage-backed securities-

 

 

 

 

 

 

 

 

 

 

 

 

government sponsored entities

 

 

62,437 

 

 

208 

 

 

(1,074)

 

 

61,571 

Equity securities-financial services

 

 

292 

 

 

63 

 

 

(2)

 

 

353 

 

 

$

154,912 

 

$

1,916 

 

$

(1,903)

 

$

154,925 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$

34,471 

 

$

 -

 

$

(1,058)

 

$

33,413 

States and political subdivisions

 

 

60,174 

 

 

650 

 

 

(1,794)

 

 

59,030 

Corporate obligations

 

 

3,667 

 

 

84 

 

 

(40)

 

 

3,711 

Mortgage-backed securities-government

 

 

 

 

 

 

 

 

 

 

 

 

sponsored entities

 

 

63,467 

 

 

81 

 

 

(1,898)

 

 

61,650 

Equity securities-financial services

 

 

293 

 

 

50 

 

 

(15)

 

 

328 

 

 

$

162,072 

 

$

865 

 

$

(4,805)

 

$

158,132 

Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

174 

 

$

 

$

 -

 

$

177 

 

Investments' Gross Unrealized Losses and Fair Value [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

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

$

998 

 

$

(2)

 

$

19,002 

 

$

(436)

 

$

20,000 

 

$

(438)

States and political subdivisions

 

3,903 

 

 

(20)

 

 

12,201 

 

 

(358)

 

 

16,104 

 

 

(378)

Corporate Obligations

 

 -

 

 

 -

 

 

1,159 

 

 

(11)

 

 

1,159 

 

 

(11)

Mortgage-backed securities-government sponsored agencies

 

8,929 

 

 

(74)

 

 

25,672 

 

 

(1,000)

 

 

34,601 

 

 

(1,074)

Equity securities - financial services

 

183 

 

 

(2)

 

 

 -

 

 

 -

 

 

183 

 

 

(2)

 

$

14,013 

 

$

(98)

 

$

58,034 

 

$

(1,805)

 

$

72,047 

 

$

(1,903)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

$

32,481 

 

$

(990)

 

$

932 

 

$

(68)

 

$

33,413 

 

$

(1,058)

States and political subdivisions

 

26,281 

 

 

(1,415)

 

 

4,228 

 

 

(379)

 

 

30,509 

 

 

(1,794)

Corporate obligations

 

1,145 

 

 

(40)

 

 

 -

 

 

 -

 

 

1,145 

 

 

(40)

Mortgage-backed securities-government sponsored agencies

 

47,014 

 

 

(1,524)

 

 

7,478 

 

 

(374)

 

 

54,492 

 

 

(1,898)

Equity securities - financial services

 

170 

 

 

(15)

 

 

 -

 

 

 -

 

 

170 

 

 

(15)

 

$

107,091 

 

$

(3,984)

 

$

12,638 

 

$

(821)

 

$

119,729 

 

$

(4,805)

 

Securities by Contractual Maturity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for Sale

 

 

(In Thousands)

 

Amortized Cost

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

 

$

250 

 

$

254 

 

 

 

 

 

 

Due after one year through five years

 

 

17,721 

 

 

17,693 

 

 

 

 

 

 

Due after five years through ten years

 

 

26,137 

 

 

25,964 

 

 

 

 

 

 

Due after ten years

 

 

48,075 

 

 

49,090 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities-government sponsored agencies

 

 

62,437 

 

 

61,571 

 

 

 

 

 

 

 

 

$

154,620 

 

$

154,572 

 

 

 

 

 

 

 

Gross Realized Gains and Losses on Sales of Securities Available-for-Sale [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

Six Months

 

 

Ended June 30,

 

Ended June 30,

 

 

2014

 

2013

 

2014

 

2013

Gross realized gains

 

$

523 

 

$

254 

 

$

617 

 

$

410 

Gross realized losses

 

 

(14)

 

 

 -

 

 

(14)

 

 

(18)

Net realized gain

 

$

509 

 

$

254 

 

$

603 

 

$

392 

Proceeds from sales of securities

 

$

19,785 

 

$

7,896 

 

$

31,865 

 

$

15,299