Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

Investment Securities [Abstract]

The amortized cost and fair value of available-for-sale investment securities

The amortized cost and estimated fair value of available-for-sale investment securities at June 30, 2012 and December 31, 2011 are summarized as follows (in thousands):

	June 30, 2012
		Amortized Cost	Unrealized Gains	Unrealized Losses	Fair Value
U.S. Treasury notes	$	20,848	321	-	21,169
U.S. Agency notes		99,700	1,577	35	101,242
U.S. Agency mortgage-backed securities		56,814	1,498	15	58,297
Corporate securities		6,280	53	1	6,332
Municipal securities:
Non-taxable		69,854	3,427	48	73,233
Taxable		19,983	1,195	-	21,178
Mutual funds		2,118	35	-	2,153
Trust preferred securities		498	26	9	515
Equity securities		977	78	33	1,022
	$	277,072	8,210	141	285,141

	December 31, 2011
		Amortized Cost	Unrealized Gains	Unrealized Losses	Fair Value
U.S. Treasury notes	$	17,385	165	-	17,550
U.S. Agency notes		81,415	1,517	5	82,927
U.S. Agency mortgage-backed securities		50,923	1,475	111	52,287
Corporate securities		6,334	47	16	6,365
Municipal securities:
Non-taxable		65,896	3,827	20	69,703
Taxable		21,027	894	14	21,907
Mutual fund		2,103	22	-	2,125
Trust preferred securities		549	37	22	564
Equity securities		526	57	5	578
	$	246,158	8,041	193	254,006

Securities in a Continuous Loss Position

Information concerning securities with gross unrealized losses at June 30, 2012, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (in thousands):

		Less than Twelve Months		Twelve Months or Greater
		Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
U.S. Treasury notes	$	-	-	-	-
U.S. Agency notes		16,819	35	-	-
U.S. Agency mortgage-    backed securities		4,355	15	-	-
Corporate securities		2,192	1	-	-
Municipal securities:
Non-taxable		5,272	30	2,148	18
Taxable		-	-	-	-
Mutual fund		-	-	-	-
Trust preferred securities		99	1	141	8
Equity securities		415	28	59	5
	$	29,152	110	2,348	31