Securities (Tables)

3 Months Ended

Mar. 31, 2014

Available-for-sale Securities [Abstract]

Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at March 31, 2014 and December 31, 2013 were as follows:



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
	March 31, 2014
	(in thousands)
Obligations of U.S. government corporations and agencies	$	37,912	$	485	$	(1,076	)	$	37,321
Mortgage-backed securities	14,262		458		(81		)	14,639
Obligations of states and political subdivisions	41,360		1,203		(190		)	42,373
Corporate securities	7,506		945		—			8,451
Equity securities	1,044		122		—			1,166
	$	102,084	$	3,213	$	(1,347	)	$	103,950
	December 31, 2013
	(in thousands)
Obligations of U.S. government corporations and agencies	$	35,890	$	439	$	(1,585	)	$	34,744
Mortgage-backed securities	14,896		422		(121		)	15,197
Obligations of states and political subdivisions	42,442		969		(295		)	43,116
Corporate securities	7,495		928		—			8,423
Equity securities	1,044		74		—			1,118
	$	101,767	$	2,832	$	(2,001	)	$	102,598

Fair Value And Gross Unrealized Losses For Securities Available For Sale

The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2014 and December 31, 2013 were as follows:



	Less than 12 months				12 months or more				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	March 31, 2014
	(in thousands)
Obligations of U.S. government corporations and agencies	$	20,940	$	937	$	3,862	$	139	$	24,802	$	1,076
Mortgage-backed securities	1,641		81		—		—		1,641		81
Obligations of states and political subdivisions	5,585		159		478		31		6,063		190
Corporate securities	—		—		—		—		—		—
Equity securities	—		—		—		—		—		—
	$	28,166	$	1,177	$	4,340	$	170	$	32,506	$	1,347
	December 31, 2013
	(in thousands)
Obligations of U.S. government corporations and agencies	$	23,235	$	1,551	$	1,967	$	34	$	25,202	$	1,585
Mortgage-backed securities	2,828		121		—		—		2,828		121
Obligations of states and political subdivisions	8,439		252		466		43		8,905		295
Corporate securities	—		—		—		—		—		—
Equity securities	—		—		—		—		—		—
	$	34,502	$	1,924	$	2,433	$	77	$	36,935	$	2,001

Restricted Investments

The composition of restricted investments at March 31, 2014 and December 31, 2013 was as follows:



	March 31, 2014		December 31, 2013
	(in thousands)
Federal Reserve Bank Stock	$	344	$	344
Federal Home Loan Bank Stock	1,874		1,708
Community Bankers’ Bank Stock	140		140
	$	2,358	$	2,192