Securities (Tables)

12 Months Ended

Dec. 31, 2013

Investments Debt And Equity Securities [Abstract]

Amortized Cost of Securities and their Estimated Fair Values

Securities, which consist of debt and equity investments, have been classified in the consolidated balance sheets according to management’s intent. The carrying amount of securities and their estimated fair values follow:

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted:
FHLB stock	$	4,428		—		—			4,428
Available for sale:
U.S. government and agency securities:	$	120,608		1,856		(2,441	)		120,023
Taxable municipal bonds		18,337		458		(738	)		18,057
Tax free municipal bonds		64,291		2,066		(898	)		65,459
Trust preferred securities		1,600		—		(111	)		1,489
Commercial bonds		2,000		—		(16	)		1,984
Mortgage-backed securities:
GNMA		17,327		590		(142	)		17,775
FNMA		70,104		526		(1,938	)		68,692
FHLMC		1,301		35		—			1,336
SLMA CMOs		8,459		—		(374	)		8,085
AGENCY CMOs		16,296		134		(420	)		16,010
	$	320,323		5,665		(7,078	)		318,910

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted:
FHLB stock	$	4,428		—		—			4,428
Available for sale:
U.S. government and agency securities	$	147,659		5,202		(83	)		152,778
Tax free municipal bonds		68,331		5,756		(40	)		74,047
Taxable municipal bonds		12,535		1,209		(8	)		13,736
Trust preferred securities		2,000		—		(511	)		1,489
Mortgage-backed securities:
GNMA		19,172		1,244		(19	)		20,397
FNMA		64,805		2,558		(58	)		67,305
FHLMC		4,519		153		—			4,672
NON-AGENCY CMOs		5,412		80		—			5,492
AGENCY CMOs		16,055		426		(52	)		16,429
	$	340,488		16,628		(771	)		356,345

Maturities of Debt Securities Available for Sale

The scheduled maturities of debt securities available for sale at December 31, 2013, and December 31, 2012, were as follows:

	Amortized Cost		Estimated Fair Value
2013
Due within one year	$	501		505
Due in one to five years		12,630		12,954
Due in five to ten years		38,192		37,364
Due after ten years		49,284		49,314
		100,607		100,137
Amortizing agency bonds		106,229		106,875
Mortgage-backed securities		113,487		111,898
Total unrestricted securities available for sale	$	320,323		318,910

	Amortized Cost		Estimated Fair Value
2012
Due within one year	$	345		346
Due in one to five years		11,499		11,682
Due in five to ten years		30,007		32,316
Due after ten years		53,222		57,290
		95,073		101,634
Amortizing agency bonds		135,452		140,416
Mortgage-backed securities		109,963		114,295
Total unrestricted securities available for sale	$	340,488		356,345

Estimated Fair Value and Unrealized Loss Amounts of Impaired Investments

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of December 31, 2013 and December 31, 2012, are as follows:

	Less than 12 months					12 months or longer					Total
December 31, 2013	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
Available for sale
U.S. government and agency securities:
Agency debt securities	$	44,968		(2,107	)		6,793		(334	)		51,761		(2,441	)
Taxable municipals		7,903		(660	)		797		(78	)		8,700		(738	)
Tax free municipals		9,848		(692	)		3,720		(206	)		13,568		(898	)
Trust preferred securities		—		—			1,489		(111	)		1,489		(111	)
Commercial bonds		1,984		(16	)		—		—			1,984		(16	)
Mortgage-backed securities:
GNMA		5,320		(128	)		1,551		(14	)		6,871		(142	)
FNMA		42,464		(1,626	)		6,746		(312	)		49,210		(1,938	)
NON-AGENCY CMOs		5,224		(374	)		—		—			5,224		(374	)
AGENCY CMOs		7,031		(223	)		1,844		(197	)		8,875		(420	)
Total Available for Sale	$	124,742		(5,826	)		22,940		(1,252	)		147,682		(7,078	)

	Less than 12 months					12 months or longer					Total
December 31, 2012	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
Available for sale
U.S. government and agency securities:
Agency debt securities	$	12,317		(83	)		—		—			12,317		(83	)
Taxable municipals		885		(8	)		—		—			885		(8	)
Tax free municipals		5,315		(40	)		—		—			5,315		(40	)
Trust preferred securities		—		—			1,489		(511	)		1,489		(511	)
Mortgage-backed securities:
GNMA		—		—			1,415		(19	)		1,415		(19	)
FNMA		7,077		(58	)		—		—			7,077		(58	)
AGENCY CMOs		3,691		(52	)		—		—			3,691		(52	)
Total Available for Sale	$	29,285		(241	)		2,904		(530	)		32,189		(771	)