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2. Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 2014
Investment Securities Tables |
Investment securities available for sale | Investment securities available for sale at September 30, 2014 and December 31, 2013 are as follows:
(Dollars in thousands) |  |  |  |  |  |  |
| September 30, 2014
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Mortgage-backed securities | $ | 94,571 |  | 1,591 |  | 141 |  | 96,021
U.S. Government |  |  |  |  |  |  |  |
sponsored enterprises |  | 27,939 |  | 185 |  | 147 |  | 27,977
State and political subdivisions |  | 146,108 |  | 5,612 |  | 711 |  | 151,009
Corporate bonds |  | 2,482 |  | 14 |  | 22 |  | 2,474
Trust preferred securities |  | 750 |  | - |  | - |  | 750
Equity securities |  | 748 |  | 808 |  | - |  | 1,556
Total | $ | 272,598 |  | 8,210 |  | 1,021 |  | 279,787
(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
Current fair value and associated unrealized losses on investments in securities with unrealized losses | The current fair value and associated unrealized losses on investments in securities with unrealized losses at September 30, 2014 and December 31, 2013 are summarized in the tables below, with the length of time the individual securities have been in a continuous loss position.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
| September 30, 2014
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities | $ | 11,266 |  | 14 |  | 8,126 |  | 127 |  | 19,392 |  | 141
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | 8,113 |  | 74 |  | 3,926 |  | 73 |  | 12,039 |  | 147
State and political subdivisions |  | - |  | - |  | 31,377 |  | 711 |  | 31,377 |  | 711
Corporate bonds |  | - |  | - |  | 527 |  | 22 |  | 527 |  | 22
Total | $ | 19,379 |  | 88 |  | 43,956 |  | 933 |  | 63,335 |  | 1,021
(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
Amortized cost and estimated fair value of investment securities available for sale by contractual maturity | The amortized cost and estimated fair value of investment securities available for sale at September 30, 2014, by contractual maturity, are shown below:
September 30, 2014 |  |  |
(Dollars in thousands) |  |  |
| Amortized Cost |  | Estimated Fair Value
Due within one year | $ | 5,362 |  | 5,393
Due from one to five years |  | 41,153 |  | 43,023
Due from five to ten years |  | 113,866 |  | 116,443
Due after ten years |  | 16,898 |  | 17,351
Mortgage-backed securities |  | 94,571 |  | 96,021
Equity securities |  | 748 |  | 1,556
Total | $ | 272,598 |  | 279,787

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale 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 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563 Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 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 + Details
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