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SECURITIES (Tables)
 9 Months Ended
Sep. 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:                
September 30, 2012:                
U.S. Treasury and Government agencies $12,874  $239  $-  $13,113 
Mortgage-backed securities  64,221   1,242   (10)  65,453 
State and political subdivisions  16,892   1,579   (1)  18,470 
Money Market Mutual Fund  4,188   -   -   4,188 
Equity securities  23   -   -   23 
                 
  $98,198  $3,060  $(11) $101,247 

 

     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 September 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 $420  $420 
Due after one year through five years  5,586   1,678 
Due after five years through ten years  4,262   5,713 
Due after ten years  19,498   23,772 
   29,766   31,583 
         
Mortgage-backed securities, money market mutual funds & equity securities  68,432   69,664 
         
Totals $98,198  $101,247
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 September 30, 2012 and December 31, 2011 are as follows ($’s in thousands):

 

September 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 $2,379  $(5) $654  $(5) $3,033  $(10)
State and political subdivisions  -   -   252   (1)  252   (1)
                         
  $2,379  $(5) $906  $(6) $3,285  $(11)

 

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)