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Securities | 12 Months Ended
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Dec. 31, 2011
Securities [Abstract] |
Securities | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note B - Securities Securities are summarized as follows:
Securities Available for Sale |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 5,510 |  |  | $ | 3 |  |  | $ | ---- |  |  | $ | 5,513 |
U.S. Government sponsored entity securities |  |  | 2,501 |  |  |  | 58 |  |  |  | ---- |  |  |  | 2,559 |
Agency mortgage-backed securities, residential |  |  | 76,203 |  |  |  | 1,407 |  |  |  | (12 | ) |  |  | 77,598 |
Total securities |  | $ | 84,214 |  |  | $ | 1,468 |  |  | $ | (12 | ) |  | $ | 85,670 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 17,081 |  |  | $ | 6 |  |  | $ | (8 | ) |  | $ | 17,079 |
U.S. Government sponsored entity securities |  |  | 7,513 |  |  |  | 230 |  |  |  | (12 | ) |  |  | 7,731 |
Agency mortgage-backed securities, residential |  |  | 60,916 |  |  |  | 383 |  |  |  | (270 | ) |  |  | 61,029 |
Total securities |  | $ | 85,510 |  |  | $ | 619 |  |  | $ | (290 | ) |  | $ | 85,839 |
Securities Held to Maturity |  | Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Estimated Fair Value |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 22,825 |  |  | $ | 558 |  |  | $ | (559 | ) |  | $ | 22,824 |
Agency mortgage-backed securities, residential |  |  | 23 |  |  |  | ---- |  |  |  | ---- |  |  |  | 23 |
Total securities |  | $ | 22,848 |  |  | $ | 558 |  |  | $ | (559 | ) |  | $ | 22,847 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 22,149 |  |  | $ | 130 |  |  | $ | (1,109 | ) |  | $ | 21,170 |
Agency mortgage-backed securities, residential |  |  | 29 |  |  |  | ---- |  |  |  | (1 | ) |  |  | 28 |
Total securities |  | $ | 22,178 |  |  | $ | 130 |  |  | $ | (1,110 | ) |  | $ | 21,198 |
At year-end 2011 and 2010, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders' equity. Securities with a carrying value of approximately $46,683 at December 31, 2011 and $90,216 at December 31, 2010 were pledged to secure public deposits and repurchase agreements and for other purposes as required or permitted by law. The amortized cost and estimated fair value of debt securities at December 31, 2011, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.
|  | Available for Sale |  |  | Held to Maturity |
Debt Securities: |  | Amortized Cost |  |  | Estimated Fair Value |  |  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 8,011 |  |  | $ | 8,072 |  |  | $ | 648 |  |  | $ | 661 |
Due in one to five years |  |  | ---- |  |  |  | ---- |  |  |  | 3,901 |  |  |  | 3,801 |
Due in five to ten years |  |  | ---- |  |  |  | ---- |  |  |  | 10,289 |  |  |  | 10,496 |
Due after ten years |  |  | ---- |  |  |  | ---- |  |  |  | 7,987 |  |  |  | 7,866 |
Agency mortgage-backed securities, residential |  |  | 76,203 |  |  |  | 77,598 |  |  |  | 23 |  |  |  | 23 |
Total debt securities |  | $ | 84,214 |  |  | $ | 85,670 |  |  | $ | 22,848 |  |  | $ | 22,847 |
There were no sales of debt securities during 2011, 2010 and 2009. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note B - Securities (continued) Securities with unrealized losses not recognized in income are as follows:
| Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
December 31, 2011 |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
securities, residential |  | $ | 7,621 |  |  | $ | (12 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 7,621 |  |  | $ | (12 | )
Total available for sale |  | $ | 7,621 |  |  | $ | (12 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 7,621 |  |  | $ | (12 | )
| Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
political subdivisions |  | $ | 664 |  |  | $ | (21 | ) |  | $ | 3,557 |  |  | $ | (538 | ) |  | $ | 4,221 |  |  | $ | (559 | )
Total held to maturity |  | $ | 664 |  |  | $ | (21 | ) |  | $ | 3,557 |  |  | $ | (538 | ) |  | $ | 4,221 |  |  | $ | (559 | )
| Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
December 31, 2010 |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 9,041 |  |  | $ | (8 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 9,041 |  |  | $ | (8 | )
U.S. Government sponsored |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
entity securities |  |  | 1,990 |  |  |  | (12 | ) |  |  | ---- |  |  |  | ---- |  |  |  | 1,990 |  |  |  | (12 | )
Agency mortgage-backed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
securities, residential |  |  | 27,953 |  |  |  | (270 | ) |  |  | ---- |  |  |  | ---- |  |  |  | 27,953 |  |  |  | (270 | )
Total available for sale |  | $ | 38,984 |  |  | $ | (290 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 38,984 |  |  | $ | (290 | )
| Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
political subdivisions |  | $ | 7,510 |  |  | $ | (690 | ) |  | $ | 970 |  |  | $ | (419 | ) |  | $ | 8,480 |  |  | $ | (1,109 | )
Agency mortgage-backed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
securities, residential |  |  | ---- |  |  |  | ---- |  |  |  | 21 |  |  |  | (1 | ) |  |  | 21 |  |  |  | (1 | )
Total held to maturity |  | $ | 7,510 |  |  | $ | (690 | ) |  | $ | 991 |  |  | $ | (420 | ) |  | $ | 8,501 |  |  | $ | (1,110 | )
Unrealized losses on the Company's debt securities have not been recognized into income because the issuers' securities are of high credit quality and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Management does not believe any individual unrealized loss at December 31, 2011 and 2010 represents an other-than-temporary impairment.

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- Definition Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). + References Reference 1: 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=6872113&loc=d3e27405-111563 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 -Topic 320 Reference 4: 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=6872113&loc=d3e27161-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 -Topic 320 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: 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=6872113&loc=d3e27232-111563 Reference 8: 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=6872113&loc=d3e27357-111563 Reference 9: 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 10: 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=6872113&loc=d3e27290-111563 + Details
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