Securities (Tables)

12 Months Ended

Dec. 31, 2013

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


	2013
	(in thousands)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
U.S. agency and mortgage-backed securities	$	86,365	$	670	$	(2,138	)	$	84,897
Obligations of states and political subdivisions		18,647		350		(598	)		18,399
Corporate equity securities		1		4		—			5

	$	105,013	$	1,024	$	(2,736	)	$	103,301


	2012
	(in thousands)
	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

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


	2013
						(in thousands)
	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	$	49,810	$	(1,755	)	$	10,180	$	(383	)	$	59,990	$	(2,138	)
Obligations of states and political subdivisions		7,165		(422	)		2,663		(176	)		9,828		(598	)

	$	56,975	$	(2,177	)	$	12,843	$	(559	)	$	69,818	$	(2,736	)


	2012
						(in thousands)
	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	)

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


	(in thousands)
	December 31, 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

Available-for-sale Securities [Member]


	(in thousands)
	Amortized		Fair
	Cost		Value
Due within one year	$	899	$	923
Due after one year through five years		5,301		5,329
Due after five years through ten years		20,353		19,901
Due after ten years		78,459		77,143
Corporate equity securities		1		5

	$	105,013	$	103,301