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2. Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2013
Investment Securities Tables |
Investment securities available for sale |
(Dollars in thousands) |  |  |  |  |  |  |
| December 31, 2013
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Mortgage-backed securities | $ | 123,706 |  | 1,040 |  | 769 |  | 123,977
U.S. Government |  |  |  |  |  |  |  |
sponsored enterprises |  | 22,115 |  | 97 |  | 69 |  | 22,143
State and political subdivisions |  | 148,468 |  | 1,987 |  | 5,087 |  | 145,368
Corporate bonds |  | 3,522 |  | 11 |  | 70 |  | 3,463
Trust preferred securities |  | 1,250 |  | - |  | - |  | 1,250
Equity securities |  | 748 |  | 941 |  | - |  | 1,689
Total | $ | 299,809 |  | 4,076 |  | 5,995 |  | 297,890
(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
Current fair value and associated unrealized losses on investments in debt securities with unrealized losses |
(Dollars in thousands) |  |  |  |  |  |
| December 31, 2013
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities | $ | 40,857 |  | 691 |  | 10,128 |  | 78 |  | 50,985 |  | 769
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | 9,714 |  | 69 |  | - |  | - |  | 9,714 |  | 69
State and political subdivisions |  | 77,187 |  | 4,863 |  | 1,824 |  | 224 |  | 79,011 |  | 5,087
Corporate bonds |  | 1,984 |  | 16 |  | 511 |  | 54 |  | 2,495 |  | 70
Total | $ | 129,742 |  | 5,639 |  | 12,463 |  | 356 |  | 142,205 |  | 5,995
(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
Amortized cost and estimated fair value of investment securities available for sale by contractual maturity |
December 31, 2013 |  |  |
(Dollars in thousands) |  |  |
|  | Amortized Cost |  | Estimated Fair Value
Due within one year | $ | 4,019 |  | 4,048
Due from one to five years |  | 31,725 |  | 32,103
Due from five to ten years |  | 119,313 |  | 115,878
Due after ten years |  | 20,298 |  | 20,195
Mortgage-backed securities |  | 123,706 |  | 123,977
Equity securities |  | 748 |  | 1,689
Total | $ | 299,809 |  | 297,890
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |
| December 31, 2013
| Fair Value Measurements |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage-backed securities | $ | 123,977 |  | - |  | 123,977 |  | -
U.S. Government |  |  |  |  |  |  |  |
sponsored enterprises | $ | 22,143 |  | - |  | 22,143 |  | -
State and political subdivisions | $ | 145,368 |  | - |  | 145,368 |  | -
Corporate bonds | $ | 3,463 |  | - |  | 3,463 |  | -
Trust preferred securities | $ | 1,250 |  | - |  | - |  | 1,250
Equity securities | $ | 1,689 |  | 1,689 |  | - |  | -
(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 |  | - |  | -
Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs |
(Dollars in thousands) |
| Investment Securities Available for Sale
| Level 3 Valuation
Balance, beginning of period | $ | 1,250
Change in book value |  | -
Change in gain/(loss) realized and unrealized |  | -
Purchases/(sales) |  | -
Transfers in and/or (out) of Level 3 |  | -
Balance, end of period | $ | 1,250
Change in unrealized gain/(loss) for assets still held in Level 3 | $ | -

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