Investment Securities (Tables)

6 Months Ended

Jun. 30, 2014

Investments Debt And Equity Securities [Abstract]

Investment Securities Available-for-Sale and Held-to-Maturity

Details of investment securities available-for-sale and held-to-maturity as of June 30, 2014 and December 31, 2013 are as follows:


	Available-for-Sale
	June 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in Thousands)
Mortgage-backed securities:
Residential	$	110,284	$	1,901	$	(289	)	$	111,896
Commercial		36,084		259		(110	)		36,233
Obligations of states and political subdivisions		15,533		1,108		—			16,641
U.S. treasury securities		4,157		—		(228	)		3,929
Obligations of U.S. government sponsored agencies		413		—		(2	)		411

Total	$	166,471	$	3,268	$	(629	)	$	169,110


	Held-to-Maturity
	June 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in Thousands)

U.S. Agencies	$	37,366	$	—	$	(639	)	$	36,727
Mortgage-backed securities:
Commercial		2,880		24		—			2,904
Obligations of states and political subdivisions		589		—		—			589

Total	$	40,835	$	24	$	(639	)	$	40,220


	Available-for-Sale
	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in Thousands)
Mortgage-backed securities:
Residential	$	82,840	$	1,479	$	(885	)	$	83,434
Commercial		30,677		143		(355	)		30,465
Obligations of states and political subdivisions		16,230		799		(2	)		17,027
U.S. treasury securities		4,161		—		(334	)		3,827
Obligations of U.S. government sponsored agencies		1,000		1		—			1,001

Total	$	134,908	$	2,422	$	(1,576	)	$	135,754


	Held-to-Maturity
	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in Thousands)
Obligations of U.S. government sponsored agencies	$	35,050	$	—	$	(1,685	)	$	33,365

Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity

The scheduled maturities of investment securities available-for-sale and held-to-maturity as of June 30, 2014 are presented in the following table:


	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(Dollars in Thousands)
Maturing within one year	$	413	$	411	$	—	$	—
Maturing after one to five years		8,223		8,665		—		—
Maturing after five to ten years		84,001		84,906		18,159		18,061
Maturing after ten years		73,834		75,128		22,676		22,159

Total	$	166,471	$	169,110	$	40,835	$	40,220

Investments' Gross Unrealized Losses and Fair Value

The following table reflects the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2014 and December 31, 2013.


	Available-for-Sale
	June 30, 2014
	Less than 12 Months					12 Months or More
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)

Mortgage-backed securities:
Residential	$	5,156	$	(43	)	$	18,839	$	(246	)
Commercial		10,053		(56	)		3,424		(54	)
Obligations of U.S. government sponsored agencies		411		(2	)		—		—
U.S. treasury securities		—		—			3,849		(228	)

Total	$	15,620	$	(101	)	$	26,112	$	(528	)


	Held-to-Maturity
	June 30, 2014
	Less than 12 Months					12 Months or More
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
Obligations of U.S. government sponsored agencies	$	5,356	$	(16	)	$	31,370	$	(623	)


	Available-for-Sale
	December 31, 2013
	Less than 12 Months					12 Months or More
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)

Mortgage-backed securities:
Residential	$	43,091	$	(885	)	$	—	$	—
Commercial		21,231		(337	)		271		(18	)
Obligations of states and political subdivisions		1,050		(2	)		—		—
U.S. treasury securities		3,748		(334	)		—		—

Total	$	69,120	$	(1,558	)	$	271	$	(18	)


	Held-to-Maturity
	December 31, 2013
	Less than 12 Months					12 Months or More
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
Obligations of U.S. government sponsored agencies	$	33,365	$	(1,685	)	$	—	$	—

- 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