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2. Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2012
Investment Securities Tables  
Investment securities available for sale

 

(Dollars in thousands)                        
    December 31, 2012  
    Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Estimated Fair Value  
Mortgage-backed securities   $ 146,755       1,875       606       148,024  
U.S. Government                                
sponsored enterprises     18,714       203       80       18,837  
State and political subdivisions     118,591       7,171       104       125,658  
Corporate bonds     2,571       19       4       2,586  
Trust preferred securities     1,250       -       -       1,250  
Equity securities     748       720       -       1,468  
Total   $ 288,629       9,988       794       297,823  

 

 

(Dollars in thousands)                        
    December 31, 2011  
    Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Estimated Fair Value  
Mortgage-backed securities   $ 213,378       1,371       1,056       213,693  
U.S. Government                                
sponsored enterprises     7,429       265       -       7,694  
State and political subdivisions     92,996       4,157       56       97,097  
Corporate bonds     546       -       3       543  
Trust preferred securities     1,250       -       -       1,250  
Equity securities     748       363       -       1,111  
Total   $ 316,347       6,156       1,115       321,388  
Current fair value and associated unrealized losses on investments in securities with unrealized losses

(Dollars in thousands)      
     December 31, 2012  
    Less than 12 Months     12 Months or More      Total   
    Fair Value     Unrealized Losses     Fair  Value     Unrealized Losses     Fair  Value     Unrealized Losses  
Mortgage-backed securities     48,126       468       12,913       138       61,039       606  
U.S. Government                                                
sponsored enterprises     3,402       80       -       -       3,402       80  
State and political subdivisions     9,490       104       -       -       9,490       104  
Corporate bonds     1,035       4       -       -       1,035       4  
Total     62,053       656       12,913       138       74,966       794  

 

(Dollars in thousands)                                    
    December 31, 2011  
    Less than 12 Months     12 Months or More     Total  
    Fair Value     Unrealized Losses     Fair Value     Unrealized Losses     Fair Value     Unrealized Losses  
Mortgage-backed securities   $ 95,122       991       4,125       65       99,247       1,056  
State and political subdivisions     4,444       56       -       -       4,444       56  
Corporate bonds     542       3       -       -       542       3  
Total   $ 100,108       1,050       4,125       65       104,233       1,115  
Amortized cost and fair value of investment securities by contractual maturity
(Dollars in thousands)            
    Amortized Cost     Estimated Fair Value  
Due within one year   $ 4,139       4,163  
Due from one to five years     14,285       14,768  
Due from five to ten years     100,595       106,246  
Due after ten years     22,107       23,154  
Mortgage-backed securities     146,755       148,024  
Equity securities     748       1,468  
Total   $ 288,629       297,823  
Available for sale securities measured at fair value on a recurring basis
(Dollars in thousands)                        
    December 31, 2012  
    Fair Value Measurements    

Level 1

Valuation

    

Level 2

Valuation

    

Level 3

Valuation

  
Mortgage-backed securities   $ 148,024       -       148,024       -  
U.S. Government                                
sponsored enterprises   $ 18,837       -       18,837       -  
State and political subdivisions   $ 125,658       -       125,658       -  
Corporate bonds   $ 2,586       -       2,586       -  
Trust preferred securities   $ 1,250       -       -       1,250  
Equity securities   $ 1,468       1,468       -       -  

 

(Dollars in thousands)                        
    December 31, 2011  
    Fair Value Measurements    

Level 1

Valuation

    

Level 2

Valuation

    

Level 3

Valuation

  
Mortgage-backed securities   $ 213,693       -       208,349       5,344  
U.S. Government                                
sponsored enterprises   $ 7,694       -       7,694       -  
State and political subdivisions   $ 97,097       -       97,097       -  
Corporate bonds   $ 543       -       543       -  
Trust preferred securities   $ 1,250       -       -       1,250  
Equity securities   $ 1,111       1,111       -       -  

 

(Dollars in thousands)      
    Investment Securities Available for Sale  
    Level 3 Valuation  
Balance, beginning of period   $ 6,594  
Change in book value     -  
Change in gain/(loss) realized and unrealized     -  
Purchases/(sales)     -  
Transfers in and/or (out) of Level 3     (5,344 )
Balance, end of period   $ 1,250  
         
Change in unrealized gain/(loss) for assets still held in Level 3   $ -