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Securities (Tables)
 3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Classification of Available for Sale Securities Investment
Securities at March 31, 2014 and December 31, 2013 are as follows: 
 
 
March 31, 2014
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
 
$
56,821

 
$
462

 
$
(1,409
)
 
$
55,874

Mortgage-backed and asset-backed securities – government-sponsored enterprises
 
144,860

 
942

 
(1,754
)
 
144,048

Mortgage-backed and asset-backed securities – private labeled
 
1,227

 
6

 
(66
)
 
1,167

Other securities
 
5,014

 
—

 
(1,234
)
 
3,780

Total available-for-sale
 
$
207,922

 
$
1,410

 
$
(4,463
)
 
$
204,869

 
 
 
December 31, 2013
 
 
Amortized
 
Gross Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Securities available-for-sale
 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
 
$
57,569

 
$
470

 
$
(1,762
)
 
$
56,277

Municipals
 
46,126

 
1,080

 
(883
)
 
46,323

Mortgage-backed and asset-backed securities – government-sponsored enterprises
 
75,058

 
696

 
(1,813
)
 
73,941

Mortgage-backed and asset-backed securities – private labeled
 
1,313

 
9

 
(90
)
 
1,232

Other securities
 
5,025

 
—

 
(1,389
)
 
3,636

Total available-for-sale
 
$
185,091

 
$
2,255

 
$
(5,937
)
 
$
181,409
Available-for-sale Securities
The carrying value of securities at March 31, 2014 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 
 
Available-for-Sale
 
 
Amortized
Cost
 
Fair
Value
Within one year
 
$
2,000

 
$
1,969

One to five years
 
21,498

 
21,107

Five to ten years
 
9,373

 
9,275

After ten years
 
28,964

 
27,303

 
 
61,835

 
59,654

Mortgage-backed and asset-backed securities – government-sponsored enterprises
 
144,860

 
144,048

Mortgage-backed and asset-backed securities – private labeled
 
1,227

 
1,167

Totals
 
$
207,922

 
$
204,869
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2014 and December 31, 2013: 
 
 
March 31, 2014
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available for sale:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
 
$
36,935

 
$
(1,374
)
 
$
6,207

 
$
(35
)
 
$
43,142

 
$
(1,409
)
Municipals
 
—

 
—

 
—

 
—

 
—

 
—

Mortgage-backed and asset-backed securities - government-sponsored enterprises
 
104,772

 
(1,754
)
 
—

 
—

 
104,772

 
(1,754
)
Mortgage-backed and asset-backed securities – private labeled
 
—

 
—

 
804

 
(66
)
 
804

 
(66
)
Other securities
 
1,969

 
(31
)
 
1,811

 
(1,203
)
 
3,780

 
(1,234
)
 
 
$
143,676

 
$
(3,159
)
 
$
8,822

 
$
(1,304
)
 
$
152,498

 
$
(4,463
)
  
 
 
December 31, 2013
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Securities available for sale:
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
 
$
43,085

 
$
(1,761
)
 
$
14

 
$
(1
)
 
$
43,099

 
$
(1,762
)
Municipals
 
14,105

 
(882
)
 
351

 
(1
)
 
14,456

 
(883
)
Mortgage-backed and asset-backed securities - government-sponsored enterprises
 
47,875

 
(1,813
)
 
—

 
—

 
47,875

 
(1,813
)
Mortgage-backed and asset-backed securities – private labeled
 
43

 
(1
)
 
838

 
(89
)
 
881

 
(90
)
Other securities
 
1,962

 
(38
)
 
1,673

 
(1,351
)
 
3,635

 
(1,389
)
 
 
$
107,070

 
$
(4,495
)
 
$
2,876

 
$
(1,442
)
 
$
109,946

 
$
(5,937
)
Credit Losses Recognized in Earnings
The credit losses recognized in earnings during the three months ended March 31, 2014 and 2013 were as follows: 
 
 
Three Months Ended
March 31,
 
 
2014
 
2013
Mortgage-backed and asset-backed securities – private labeled
 
—

 
34

    Total credit losses recognized in earnings
 
$
—

 
$
34

 
 
 
 
 
Other than Temporary Impairment, Credit Losses Recognized in Earnings
The following tables provide information about debt securities for which only a credit loss was recognized in income and other losses are recorded in accumulated other comprehensive loss. 
 
Accumulated
Credit Losses
Credit losses on debt securities held
 

January 1, 2014
$
1,183

Realized losses related to OTTI
(33
)
Additions related to OTTI losses not previously recognized
—

Additions related to increases in previously recognized OTTI losses
—

March 31, 2014
$
1,150

 
 
Accumulated
Credit Losses
Credit losses on debt securities held
 

January 1, 2013
$
1,737

Realized losses related to OTTI
(266
)
Additions related to OTTI losses not previously recognized
31

Additions related to increases in previously recognized OTTI losses
3

March 31, 2013
$
1,505

 
 
 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
Amounts reclassified from accumulated other comprehensive loss and the affected line items in the condensed consolidated statements of income during the three months ended March 31, 2014 and 2013, were as follows:
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
for the Three Months Ended
March 31,
 
Affected Line Item in the
Statements of Income
 
 
2014
 
2013
 
Securities available for sale
 
 

 
 

 
 
Gain (loss) realized in earnings
 
$
359

 
$
(185
)
 
Gain (loss) on sale of securities
OTTI losses recognized in earnings
 
—

 
(34
)
 
Other-than-temporary impairment loss recognized in net income
Total reclassified amount before tax
 
359

 
(219
)
 
Income Before Income Taxes
Tax expense (benefit)
 
126

 
(77
)
 
Income Tax Provision
Total reclassifications out of accumulated other comprehensive loss
 
$
233

 
$
(142
)
 
Net Income