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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

The amortized cost and fair value of debt securities


		Amortized				Gross unrealized				Gross unrealized
(in thousands)		cost				gains				losses				Fair value
March 31, 2013
U.S. Treasury		$	2,000			$	23			$	0			$	2,023
Government sponsored enterprises			68,869				728				21				69,576
Asset-backed securities			122,624				2,594				300				124,918
Obligations of states and political subdivisions			34,396				1,119				41				35,474

Total available for sale securities		$	227,889			$	4,464			$	362			$	231,991

December 31, 2012
U.S. Treasury		$	2,000			$	30			$	0			$	2,030
Government sponsored enterprises			54,327				853				0				55,180
Asset-backed securities			104,607				3,276				11				107,872
Obligations of states and political subdivisions			33,959				1,222				17				35,164

Total available for sale securities		$	194,893			$	5,381			$	28			$	200,246

Contractual maturity of amortized cost and fair value of debt securities


		Amortized				Fair
(in thousands)		cost				value
Due in one year or less		$	4,925			$	4,992
Due after one year through five years			62,579				63,740
Due after five years through ten years			36,614				37,214
Due after ten years			1,147				1,127

Total			105,265				107,073
Asset-backed securities			122,624				124,918

Total available for sale securities		$	227,889			$	231,991

Gross unrealized losses on debt securities and the fair value of the related securities


		Less than 12 months								12 months or more								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
(in thousands)		Value				Losses				Value				Losses				Value				Losses
At March 31, 2013
Government sponsored enterprises		$	20,569			$	(21	)		$	0			$	0			$	20,569			$	(21	)
Asset-backed securities			42,235				(290	)			892				(10	)			43,127				(300	)
Obligations of states and political subdivisions			3,802				(41	)			0				0				3,802				(41	)

Total		$	66,606			$	(352	)		$	892			$	(10	)		$	67,498			$	(362	)

(in thousands)
At December 31, 2012
Government sponsored enterprises		$	1,044			$	0			$	0			$	0			$	1,044			$	0
Asset-backed securities			4,729				(11	)			0				0				4,729				(11	)
Obligations of states and political subdivisions			2,114				(17	)			150				0				2,264				(17	)

Total		$	7,887			$	(28	)		$	150			$	0			$	8,037			$	(28	)

Available for sale securities proceeds and gross realized gain loss net


		Three Months Ended March 31,
(in thousands)		2013				2012
Gross gains realized on sales		$	294			$	0
Gross losses realized on sales			0				0
Other-than-temporary impairment recognized			0				0

Net realized gains		$	294			$	0