Securities (Tables)

6 Months Ended

Jun. 30, 2013

Summary of amortized cost and approximate fair values of securities

			Gross		Gross
($'s in thousands)	Amortized		Unrealized		Unrealized			Approximate
	Cost		Gains		Losses			Fair Value
Available-for-Sale Securities:
June 30, 2013:
U.S. Treasury and Government agencies	$	16,038	$	199	$	(160	)	$	16,077
Mortgage-backed securities		56,443		583		(304	)		56,722
State and political subdivisions		19,089		722		(289	)		19,522
Money Market Mutual Fund		3,035		-		-			3,035
Equity securities		23		-		-			23

	$	94,628	$	1,504	$	(753	)	$	95,379

			Gross		Gross
($'s in thousands)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available-for-Sale Securities:
December 31, 2012:
U.S. Treasury and Government agencies	$	14,301	$	210	$	-		$	14,511
Mortgage-backed securities		62,661		1,136		(33	)		63,764
State and political subdivisions		16,789		1,462		(2	)		18,249
Money Market Mutual Fund		2,155		-		-			2,155
Equity securities		23		-		-			23

	$	95,929	$	2,808	$	(35	)	$	98,702

Summary of amortized cost and fair value of securities available for sale by contractual maturity

	Available for Sale
	Amortized		Fair
($'s in thousands)	Cost		Value
June 30, 2013:
Within one year	$	1,027	$	1,037
Due after one year through five years		4,476		4,502
Due after five years through ten years		11,250		11,424
Due after ten years		18,374		18,636
		35,127		35,599

Mortgage-backed securities, money market mutual funds & equity securities		59,501		59,780

Totals	$	94,628	$	95,379

Summary of securities with unrealized losses

($ in thousands)	Less than 12 Months					12 Months or Longer				Total
June 30, 2013	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available-for-Sale Securities:

US Treasury and Government Agencies	$	5,887	$	(160	)	$	-	$	-	$	5,887	$	(160	)
Mortgage-backed securities		19,658		(304	)		-		-		19,658		(304	)
State and political subdivisions		4,994		(289	)		-		-		4,994		(289	)

	$	30,539	$	(753	)	$	-	$	-	$	30,539	$	(753	)

($ in thousands)	Less than 12 Months					12 Months or Longer					Total
December 31, 2012	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available-for-Sale Securities:
Mortgage-backed securities	$	5,202	$	(33	)	$	342	$	-		$	5,544	$	(33	)
State and political subdivisions		229		(1	)		251		(1	)		480		(2	)

	$	5,431	$	(34	)	$	593	$	(1	)	$	6,024	$	(35	)

- 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+ Details