XML 59 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Securities | 6 Months Ended
--- | ---
Jun. 30, 2014
Investments Debt And Equity Securities [Abstract] |
Securities |
Note 2. | Securities
The Company invests in U.S. agency and mortgage-backed securities, obligations of state and political subdivisions and corporate equity securities. Amortized costs and fair values of securities available for sale at June 30, 2014 and December 31, 2013 were as follows (in thousands):
|  | June 30, 2014 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Fair Value |
U.S. agency and mortgage-backed securities |  | $ | 87,515 |  |  | $ | 961 |  |  | $ | (1,410 | ) |  | $ | 87,066 |
Obligations of states and political subdivisions |  |  | 21,716 |  |  |  | 374 |  |  |  | (278 | ) |  |  | 21,812 |
Corporate equity securities |  |  | 1 |  |  |  | 5 |  |  |  | — |  |  |  | 6 |
|  | $ | 109,232 |  |  | $ | 1,340 |  |  | $ | (1,688 | ) |  | $ | 108,884 |
|  | December 31, 2013 |
|  | 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 |
At June 30, 2014 and December 31, 2013, investments in an unrealized loss position that were temporarily impaired were as follows (in thousands):
|  | June 30, 2014 |
|  | 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 |  | $ | 16,702 |  |  | $ | (255 | ) |  | $ | 36,372 |  |  | $ | (1,155 | ) |  | $ | 53,074 |  |  | $ | (1,410 | )
Obligations of states and political subdivisions |  |  | 2,795 |  |  |  | (21 | ) |  |  | 6,999 |  |  |  | (257 | ) |  |  | 9,794 |  |  |  | (278 | )
|  | $ | 19,497 |  |  | $ | (276 | ) |  | $ | 43,371 |  |  | $ | (1,412 | ) |  | $ | 62,868 |  |  | $ | (1,688 | )
|  | December 31, 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 |  | $ | 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 | )
The tables above provide information about securities that have been in an unrealized loss position for less than twelve consecutive months and securities that have been in an unrealized loss position for twelve consecutive months or more. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Impairment is considered to be other-than-temporary if the Company (1) intends to sell the security, (2) more likely than not will be required to sell the security before recovering its cost, or (3) does not expect to recover the security’s entire amortized cost basis. Presently, the Company does not intend to sell any of these securities, does not expect to be required to sell these securities, and expects to recover the entire amortized cost of all the securities. At June 30, 2014, there were thirty-three U.S. agency and mortgage-backed securities and eighteen obligations of state and political subdivisions in an unrealized loss position. One hundred percent of the Company’s investment portfolio is considered investment grade. The weighted-average re-pricing term of the portfolio was 4.2 years at June 30, 2014. At December 31, 2013, there were forty U.S. agency and mortgage-backed securities and twenty-one obligations of states and political subdivisions in an unrealized loss position. One hundred percent of the Company’s investment portfolio was considered investment grade at December 31, 2013. The weighted-average re-pricing term of the portfolio was 4.5 years at December 31, 2013. The unrealized losses at June 30, 2014 in the U.S. agency and mortgage-backed securities portfolio and the obligation of states and political subdivisions portfolio were related to changes in market interest rates and not credit concerns of the issuers. Federal Home Loan Bank, Federal Reserve Bank and Community Bankers’ Bank stock are generally viewed as long-term investments and as restricted securities, which are carried at cost, because there is a minimal market for the stock. Therefore, when evaluating restricted securities for impairment, their value is based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Company does not consider these investments to be other-than-temporarily impaired at June 30, 2014, and no impairment has been recognized. Restricted securities are not part of the available for sale securities portfolio. The composition of restricted securities at June 30, 2014 and December 31, 2013 was as follows (in thousands):
|  | June 30, 2014 |  |  | December 31, 2013 |
Federal Home Loan Bank stock |  | $ | 740 |  |  | $ | 908 |
Federal Reserve Bank stock |  |  | 846 |  |  |  | 846 |
Community Bankers’ Bank stock |  |  | 50 |  |  |  | 50 |
|  | $ | 1,636 |  |  | $ | 1,804 |

X
- Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration