XML 46 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment securities

Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at March 31, 2013 and December 31, 2012 are summarized as follows:

(In thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
March 31, 2013
Securities available for sale:
Agency mortgage-backed securities		$	21,258			$	393			$	22			$	21,629
Agency CMO			22,275				238				4				22,509
Other debt securities:
Agency notes and bonds			34,118				252				4				34,366
Municipal obligations			32,425				1,537				221				33,741
Subtotal - debt securities			110,076				2,420				251				112,245
Mutual funds			4,325				28				12				4,341
Total securities available for sale		$	114,401			$	2,448			$	263			$	116,586
Securities held to maturity:
Agency mortgage-backed securities		$	11			$	0			$	0			$	11
Total securities held to maturity		$	11			$	0			$	0			$	11
December 31, 2012
Securities available for sale:
Agency mortgage-backed securities		$	22,762			$	456			$	12			$	23,206
Agency CMO			22,458				225				23				22,660
Other debt securities:
Agency notes and bonds			38,273				290				10				38,553
Municipal obligations			32,605				1,800				88				34,317
Subtotal - debt securities			116,098				2,771				133				118,736
Mutual funds			4,213				40				16				4,237
Total securities available for sale		$	120,311			$	2,811			$	149			$	122,973
Securities held to maturity:
Agency mortgage-backed securities		$	12			$	0			$	0			$	12
Total securities held to maturity		$	12			$	0			$	0			$	12

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities as of March 31, 2013, by contractual maturity, are shown below. Expected maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty.

		Securities Available for Sale								Securities Held to Maturity
(In thousands)		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Due in one year or less		$	55			$	55			$	0			$	0
Due after one year through five years			8,144				8,249				0				0
Due after five years through ten years			19,152				19,634
Due after ten years			39,192				40,169				0				0
			66,543				68,107				0				0
Mortgage-backed securities and CMO			43,533				44,138				11				11
		$	110,076			$	112,245			$	11			$	11

Investment Securities Available for Sale with Gross Unrealized Losses Aggregated by Investment Category and Length of Time Individual Investment Securities

Information pertaining to investment securities available for sale with gross unrealized losses at March 31, 2013, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows:

(Dollars in thousands)		Number of Investment Positions				Fair Value				Gross Unrealized Losses
Continuous loss position less than twelve months:
Agency notes and bonds			2			$	1,967			$	4
Agency CMO			4				4,217				4
Agency mortgage-backed securities			4				4,813				22
Muncipal obligations			21				9,250				221
Total less than twelve months			31				20,247				251
Continuous loss position more than twelve months:
Mutual fund			1				389				12
Total more than twelve months			1				389				12
Total securities available for sale			32			$	20,636			$	263

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 5

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.2,12)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-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

-Topic 320

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.4)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name:	us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ 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=6872113&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration