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Securities (Tables)
9 Months Ended
Sep. 30, 2013
Investments Debt And Equity Securities [Abstract]  
Summary of Amortized Costs and Fair Values of Securities Available for Sale

Amortized costs and fair values of securities available for sale at September 30, 2013 and December 31, 2012 were as follows:

 

        (in thousands)    
    September 30, 2013    
 
        Amortized    
    Cost    
        Gross    
    Unrealized    
    Gains     
        Gross    
    Unrealized    
    (Losses)     
        Fair    
    Value    
 

U.S. agency and mortgage-backed securities

  $ 88,054      $ 726      $ (1,949   $ 86,831   

Obligations of states and political subdivisions

    18,690        395        (600     18,485   

Corporate equity securities

    1        4        —          5   
 

 

 

   

 

 

   

 

 

   

 

 

 
  $ 106,745      $ 1,125      $ (2,549   $ 105,321   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

        (in thousands)    
    December 31, 2012    
 
        Amortized    
    Cost    
        Gross    
    Unrealized    
    Gains     
        Gross    
    Unrealized    
    (Losses)     
        Fair    
    Value    
 

U.S. agency and mortgage-backed securities

  $ 72,129      $ 1,325      $ (236   $ 73,218   

Obligations of states and political subdivisions

    15,556        762        (83     16,235   

Corporate equity securities

    1        2        —          3   
 

 

 

   

 

 

   

 

 

   

 

 

 
  $ 87,686      $ 2,089      $ (319   $ 89,456   
 

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Investments in an Unrealized Loss Position that were Temporarily Impaired

At September 30, 2013 and December 31, 2012, investments in an unrealized loss position that were temporarily impaired were as follows:

 

   

(in thousands)

September 30, 2013

 
        Less than 12 months             12 months or more             Total      
    Fair Value     Unrealized
(Loss)
    Fair Value     Unrealized
(Loss)
    Fair Value     Unrealized
(Loss)
 

U.S. agency and mortgage-backed securities

  $ 50,796      $ (1,753   $ 5,877      $ (196   $ 56,673      $ (1,949

Obligations of states and political subdivisions

    7,447        (445     2,418        (155     9,865        (600
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $ 58,243        (2,198   $ 8,295      $ (351   $ 66,538      $ (2,549
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

   

(in thousands)

December 31, 2012

 
        Less than 12 months             12 months or more             Total      
    Fair Value     Unrealized
(Loss)
    Fair Value     Unrealized
(Loss)
    Fair Value     Unrealized
(Loss)
 

U.S. agency and mortgage-backed securities

  $ 19,612      $ (236   $ —        $ —        $ 19,612      $ (236

Obligations of states and political subdivisions

    4,287        (83     —          —          4,287        (83
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $ 23,899      $ (319   $ —        $ —        $ 23,899      $ (319
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Composition of Restricted Securities

The composition of restricted securities at September 30, 2013 and December 31, 2012 was as follows:

 

     (in thousands)  
     September 30,
2013
     December 31,
2012
 

Federal Home Loan Bank stock

   $ 908       $ 1,078   

Federal Reserve Bank stock

     846         846   

Community Bankers’ Bank stock

     50         50   
  

 

 

    

 

 

 
   $ 1,804       $ 1,974