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Securities (Tables)

6 Months Ended

Jun. 30, 2014

Summary of amortized cost and approximate fair values of securities

			Gross		Gross
	Amortized		Unrealized		Unrealized			Approximate
($'s in thousands)	Cost		Gains		Losses			Fair Value
Available-for-Sale Securities:
June 30, 2014:
U.S. Treasury and Government agencies	$	18,621	$	159	$	(53	)	$	18,727
Mortgage-backed securities		47,393		630		(285	)		47,738
State and political subdivisions		18,172		963		(37	)		19,098
Equity securities		23		-		-			23
	$	84,209	$	1,752	$	(375	)	$	85,586

			Gross		Gross
	Amortized		Unrealized		Unrealized
($ in thousands)	Cost		Gains		Losses			Fair Value
Available-for-Sale Securities:
December 31, 2013:
U.S. Treasury and Government agencies	$	11,305	$	120	$	(125	)	$	11,300
Mortgage-backed securities		57,322		417		(516	)		57,223
State and political subdivisions		17,937		546		(328	)		18,155
Money Market Mutual Fund		3,092		-		-			3,092
Equity securities		23		-		-			23
	$	89,679	$	1,083	$	(969	)	$	89,793

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, 2014:
Within one year	$	486	$	498
Due after one year through five years		1,587		1,647
Due after five years through ten years		7,771		7,976
Due after ten years		26,949		27,704
		36,793		37,825

Mortgage-backed securities & equity securities		47,416		47,761
	$	84,209	$	85,586

Summary of securities with unrealized losses

($ in thousands)	Less than 12 Months					12 Months or Longer					Total
June 30, 2014	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available-for-Sale Securities:
U.S. Treasury and Government agencies	$	3,315	$	(19	)	$	2,966	$	(34	)	$	6,281	$	(53	)
Mortgage-backed securities		5,886		(21	)		7,735		(264	)		13,621		(285	)
State and political subdivisions		-		-			1,672		(37	)		1,672		(37	)
	$	9,201	$	(40	)	$	12,373	$	(335	)	$	21,574	$	(375	)

($ in thousands)	Less than 12 Months					12 Months or Longer					Total
December 31, 2013	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available-for-Sale Securities:

U.S. Treasury and Government agencies	$	3,834	$	(125	)	$	-	$	-		$	3,834	$	(125	)
Mortgage-backed securities	$	24,773	$	(410	)	$	2,333	$	(106	)	$	27,106	$	(516	)
State and politicalsubdivisions		4,868		(328	)		-		-			4,868		(328	)
	$	33,475	$	(863	)	$	2,333	$	(106	)	$	35,808	$	(969	)

- 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