Securities (Tables)

6 Months Ended

Jun. 30, 2014

Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities Portfolio

The aggregate amortized costs and fair values of the available-for-sale securities portfolio are as follows:

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Available-for-sale securities
June 30, 2014
U.S. Government agencies	$	10,057	$	11	$	(61	)	$	10,007
State and municipal obligations		25,143		171		(489	)		24,825
Certificates of deposits		1,984		10		—			1,994
	$	37,184	$	192	$	(550	)	$	36,826

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Available-for-sale securities
December 31, 2013
U.S. Government agencies	$	9,383	$	11	$	(86	)	$	9,308
State and municipal obligations		27,690		109		(1,242	)		26,557
Certificates of deposits		1,736		9		—			1,745
Auction rate security		912		—		—			912
	$	39,721	$	129	$	(1,328	)	$	38,522

Gross Realized Gains and Gross Realized Losses on Sales of Securities

Gross realized gains and gross realized losses on sales and calls of securities were as follows:

	For the three months ended June 30,					For the six months ended June 30,
(Dollars in thousands)	2014			2013		2014			2013
Gross realized gains	$	5		$	268	$	5		$	272
Gross realized losses		(21	)		—		(22	)		(1	)
Net realized gains (losses)	$	(16	)	$	268	$	(17	)	$	271
Aggregate proceeds	$	2,039		$	7,165	$	3,331		$	8,260

Unrealized Loss Positions

Bonds with unrealized loss positions at June 30, 2014 included 15 federal agencies and 41 municipals. Bonds with unrealized loss positions at December 31, 2013 included 50 municipals, 15 federal agencies. The tables are shown below.

	Less than 12 months				12 months or more				Total
(Dollars in thousands) June 30, 2014	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Government agencies	$	1,903	$	8	$	4,235	$	53	$	6,138	$	61
States and municipal obligations		1,592		15		11,112		474		12,704		489
Total temporarily impaired securities	$	3,495	$	23	$	15,347	$	527	$	18,842	$	550

	Less than 12 months				12 months or more				Total
December 31, 2013	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Government agencies	$	4,808	$	66	$	1,462	$	20	$	6,270	$	86
States and municipal obligations		14,255		1,120		2,306		122		16,561		1,242
Total temporarily impaired securities	$	19,063	$	1,186	$	3,768	$	142	$	22,831	$	1,328