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Investments (Tables)
 3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities [Table Text Block]
A summary of investment securities available-for-sale is as follows:
 
 
 
As of March 31, 2014
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
unrealized
 
unrealized
 
Estimated
 
(Dollars in thousands)
 
cost
 
gains
 
losses
 
fair value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U. S. treasury securities
 
$
500
 
$
-
 
$
-
 
$
500
 
U. S. federal agency obligations
 
 
19,209
 
 
10
 
 
(451)
 
 
18,768
 
Municipal obligations, tax exempt
 
 
90,726
 
 
1,813
 
 
(330)
 
 
92,209
 
Municipal obligations, taxable
 
 
53,746
 
 
384
 
 
(535)
 
 
53,595
 
Mortgage-backed securities
 
 
128,239
 
 
723
 
 
(1,664)
 
 
127,298
 
Common stocks
 
 
602
 
 
497
 
 
-
 
 
1,099
 
Certificates of deposit
 
 
8,423
 
 
-
 
 
-
 
 
8,423
 
Total
 
$
301,445
 
$
3,427
 
$
(2,980)
 
$
301,892
 
 
 
 
As of December 31, 2013
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
unrealized
 
unrealized
 
Estimated
 
(Dollars in thousands)
 
 
cost
 
gains
 
losses
 
fair value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U. S. treasury securities
 
$
500
 
$
-
 
$
-
 
$
500
 
U. S. federal agency obligations
 
 
20,167
 
 
10
 
 
(534)
 
 
19,643
 
Municipal obligations, tax exempt
 
 
90,700
 
 
1,712
 
 
(619)
 
 
91,793
 
Municipal obligations, taxable
 
 
53,244
 
 
270
 
 
(1,042)
 
 
52,472
 
Mortgage-backed securities
 
 
127,384
 
 
700
 
 
(2,491)
 
 
125,593
 
Common stocks
 
 
602
 
 
501
 
 
-
 
 
1,103
 
Certificates of deposit
 
 
9,142
 
 
-
 
 
-
 
 
9,142
 
Total
 
$
301,739
 
$
3,193
 
$
(4,686)
 
$
300,246
 
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Table Text Block]
Securities which are temporarily impaired are shown below, along with the length of the impairment period.
 
 
 
 
 
 
As of March 31, 2014
 
(Dollars in thousands)
 
 
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
 
No. of
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
 
 
securities
 
value
 
losses
 
value
 
losses
 
value
 
losses
 
U. S. federal agency obligations
 
 
18
 
$
13,899
 
$
(302)
 
$
4,098
 
$
(149)
 
$
17,997
 
$
(451)
 
Municipal obligations, tax exempt
 
 
73
 
 
18,931
 
 
(244)
 
 
3,475
 
 
(86)
 
 
22,406
 
 
(330)
 
Municipal obligations, taxable
 
 
67
 
 
26,089
 
 
(434)
 
 
3,359
 
 
(101)
 
 
29,448
 
 
(535)
 
Mortgage-backed securities
 
 
53
 
 
74,662
 
 
(1,628)
 
 
2,380
 
 
(36)
 
 
77,042
 
 
(1,664)
 
Total
 
 
211
 
$
133,581
 
$
(2,608)
 
$
13,312
 
$
(372)
 
$
146,893
 
$
(2,980)
 
 
 
 
 
 
 
As of December 31, 2013
 
(Dollars in thousands)
 
 
 
 
Less than 12 months
 
12 months or longer
 
Total
 
 
 
No. of
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
Fair
 
Unrealized
 
 
 
securities
 
value
 
losses
 
value
 
losses
 
value
 
losses
 
U. S. federal agency obligations
 
 
18
 
$
16,028
 
$
(436)
 
$
2,149
 
$
(98)
 
$
18,177
 
$
(534)
 
Municipal obligations, tax exempt
 
 
91
 
 
24,496
 
 
(518)
 
 
3,151
 
 
(101)
 
 
27,647
 
 
(619)
 
Municipal obligations, taxable
 
 
88
 
 
35,299
 
 
(1,030)
 
 
1,080
 
 
(12)
 
 
36,379
 
 
(1,042)
 
Mortgage-backed securities
 
 
70
 
 
89,140
 
 
(2,491)
 
 
-
 
 
-
 
 
89,140
 
 
(2,491)
 
Total
 
 
267
 
$
164,963
 
$
(4,475)
 
$
6,380
 
$
(211)
 
$
171,343
 
$
(4,686)
 
Available For Sale Securities Debt Maturities [Table Text Block]
Maturities of investment securities at March 31, 2014 were as follows:
 
(Dollars in thousands)
 
Amortized
 
Estimated
 
 
 
cost
 
fair value
 
Due in less than one year
 
$
14,757
 
$
14,863
 
Due after one year but within five years
 
 
174,204
 
 
174,544
 
Due after five years but within ten years
 
 
80,231
 
 
80,206
 
Due after ten years
 
 
31,651
 
 
31,180
 
Common stocks
 
 
602
 
 
1,099
 
Total
 
$
301,445
 
$
301,892