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Securities | 12 Months Ended
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Dec. 31, 2012
Securities [Abstract] |
Securities | Note 4 - Securities A summary of the amortized cost and fair value of securities, with gross unrealized gains and losses, follows:
|  | December 31, 2012
|  | Amortized |  | Gross Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
Held-to-maturity |  |  |  |  |  |  |  |
U.S. agency obligations |  | $ 3,075 |  | $ 342 |  | $ - |  | $ 3,417
Available-for-sale |  |  |  |  |  |  |  |
U.S. agency obligations |  | $ 22,980 |  | $ 184 |  | $ (95) |  | $ 23,069
Mortgage-backed securities |  | 1,805 |  | 7 |  | - |  | 1,812
Municipals |  | 22,099 |  | 780 |  | (75) |  | 22,804
Corporates |  | 2,548 |  | 61 |  | - |  | 2,609
|  | $ 49,432 |  | $ 1,032 |  | $ (170) |  | $ 50,294
|  | December 31, 2011
|  | Amortized |  | Gross Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
Held-to-maturity |  |  |  |  |  |  |  |
U.S. agency obligations |  | $ 8,133 |  | $ 400 |  | $ - |  | $ 8,533
Available-for-sale |  |  |  |  |  |  |  |
U.S. agency obligations |  | $ 25,416 |  | $ 117 |  | $ (48) |  | $ 25,485
Mortgage-backed securities |  | 3,938 |  | 5 |  | (4) |  | 3,939
Municipals |  | 19,062 |  | 241 |  | (389) |  | 18,914
|  | $ 48,416 |  | $ 363 |  | $ (441) |  | $ 48,338
Temporarily Impaired Securities The following tables show the gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, a t December 31, 2012 and 201 1:
December 31, 2012 | Less than 12 months |  | More than 12 months |  | Total
| Fair | Unrealized |  | Fair | Unrealized |  | Fair | Unrealized
| Value | Losses |  | Value | Losses |  | Value | Losses
U.S. agency obligations | $ 9,116 | $ 95 |  | $ - | $ - |  | $ 9,116 | $ 95
Municipals | 1,879 | 75 |  | - | - |  | 1,879 | 75
Total temporarily impaired securities | $ 10,995 | $ 170 |  | $ - | $ - |  | $ 10,995 | $ 170
December 31, 2011 | Less than 12 months |  | More than 12 months |  | Total
| Fair | Unrealized |  | Fair | Unrealized |  | Fair | Unrealized
| Value | Losses |  | Value | Losses |  | Value | Losses
U.S. agency obligations | $ 13,593 | $ 48 |  | $ - | $ - |  | $ 13,593 | $ 48
Mortgage-backed securities | 985 | 4 |  | - | - |  | 985 | 4
Municipals | 12,852 | 389 |  | - | - |  | 12,852 | 389
Total temporarily impaired securities | $ 27,430 | $ 441 |  | $ - | $ - |  | $ 27,430 | $ 441
U.S. agency obligations. The unrealized losses on the 5 investments in U.S. agency obligations at December 31, 2012 were caused by interest rate increases. The contractual terms of those investments do no permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at December 31, 2012. Each of these 5 investments carries an investment grade rating of AA. Municipals. The unrealized losses on the 4 investments in municipal obligatio ns at December 31, 2012 were caused by interest rate increases. The contractual terms of those investments do no permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Bank does not intend to sell the investments and it is not more likely than not that the Bank will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impa ired at December 31, 2012. Each of these 4 investments carries an investment grade rating of AA or above. The amortized costs and fair values of securities at December 31, 2012, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may h ave the right to call or prepay obligations with or without call or prepayment penalties.
|  |  | Held-to-Maturity |  | Available-for-Sale
|  |  | Amortized |  | Fair |  | Amortized |  | Fair
|  |  | Cost |  | Values |  | Cost |  | Values
| Due in one year or less | $ - |  | $ - |  | $ - |  | $ -
| Due after one year through five years | - |  | - |  | 979 |  | 980
| Due after five years through ten years | 2,062 |  | 2,369 |  | 12,063 |  | 12,264
| Due after ten years | 1,013 |  | 1,048 |  | 36,390 |  | 37,050
|  |  | $ 3,075 |  | $ 3,417 |  | $ 49,432 |  | $ 50,294
The Bank sold $24,665 of securities available-for-sale in 201 2. Gross realized gains amounted to $725 and gross realized losses amounted to $51. The Bank sold $4 4,671 of securities available-for-sale in 201 1. Gross realized gains amounted to $1,228 and gross realized losses amounted to $46. The amortized costs of securities pledged as collateral for public deposits and other short term borrowings were approximately $7,680 and $1 9,334 (fair value of $8,126 and $19,806) at December 31, 2012 and 201 1, respectively.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 10: 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
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