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SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities [Table Text Block]

The amortized cost and approximate fair value of securities were as follows:

 

          Gross     Gross        
$'s in thousands   Amortized     Unrealized     Unrealized     Approximate  
    Cost     Gains     Losses     Fair Value  
Available-for-Sale Securities:                                
June 30, 2012:                                
U.S. Treasury and Government agencies   $ 14,404     $ 207       -     $ 14,611  
Mortgage-backed securities     66,759       1,024       (56 )     67,727  
State and political subdivisions     15,458       1,369       (10 )     16,817  
Money Market Mutual Fund     3,359       -       -       3,359  
Equity securities     23       -       -       23  
                                 
    $ 100,003     $ 2,600     $ (66 )   $ 102,537  

 

          Gross     Gross        
$'s in thousands   Amortized     Unrealized     Unrealized     Approximate  
    Cost     Gains     Losses     Fair Value  
December 31, 2011:                                
U.S. Treasury and                                
Government agencies   $ 25,238     $ 186     $ -     $ 25,424  
Mortgage-backed securities     67,056       761       (119 )     67,698  
State and political subdivisions     15,586       1,210       (3 )     16,793  
Money Market Mutual Fund     2,040       -       -       2,040  
Equity securities     23       -       -       23  
                                 
    $ 109,943     $ 2,157     $ (122 )   $ 111,978  

 
Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of securities available for sale at June 30, 2012, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

  Available for Sale 
  Amortized  Fair 
$''s in thousands Cost  Value 
       
Within one year $384   383 
Due after one year through five years  1,695   1,768 
Due after five years through ten years  10,318   10,554 
Due after ten years  26,283   27,331 
   38,680   40,036 
         
Mortgage-backed securities, money market mutual funds & equity securities  69,725   70,567 
         
Totals $108,405  $110,603 
Schedule of Unrealized Loss on Investments [Table Text Block]

Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2012 and December 31, 2011 are as follows ($’s in thousands):

 

June 30, 2012   Less than 12 Months     12 Months or Longer     Total  
    Fair Value     Unrealized
Losses		     Fair Value     Unrealized
Losses		     Fair Value     Unrealized
Losses		  
Available-for-Sale Securities:                                                
Mortgage-backed securities     5,248       (19 )     670       (37 )     5,918       (56 )
State and political subdivisions     347       (8 )     501       (2 )     848       (10 )
                                                 
    $ 5,595     $ (27 )   $ 1,171     $ (39 )   $ 6,766     $ (66 )

 

 

December 31, 2011   Less than 12 Months     12 Months or Longer     Total  
    Fair Value     Unrealized
Losses		     Fair Value     Unrealized
Losses		     Fair Value     Unrealized
Losses		  
Available-for-Sale Securities:                                                
Mortgage-backed securities   $ 11,321       (56 )   $ 844     $ (63 )   $ 12,165     $ (119 )
State and political subdivisions     501       (3 )     -       -       501       (3 )
                                                 
    $ 11,822     $ (59 )   $ 844     $ (63 )   $ 12,666     $ (122 )