Investments (Tables)

9 Months Ended

Sep. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

A summary of investment securities available-for-sale is as follows:

	As of September 30, 2012
			Gross		Gross
	Amortized		unrealized		unrealized			Estimated
(Dollars in thousands)	cost		gains		losses			fair value
U. S. federal agency obligations	$	7,135	$	54	$	-		$	7,189
Municipal obligations, tax exempt		73,117		3,989		(32	)		77,074
Municipal obligations, taxable		37,444		912		(8	)		38,348
Mortgage-backed securities		107,319		1,918		(60	)		109,177
Common stocks		621		250		-			871
Pooled trust preferred securities		1,023		-		(458	)		565
Certificates of deposit		5,794		-		-			5,794
Total	$	232,453	$	7,123	$	(558	)	$	239,018

	As of December 31, 2011
			Gross		Gross
	Amortized		unrealized		unrealized			Estimated
(Dollars in thousands)	cost		gains		losses			fair value
U. S. federal agency obligations	$	9,120	$	44	$	-		$	9,164
Municipal obligations, tax exempt		65,404		4,226		(1	)		69,629
Municipal obligations, taxable		18,961		243		(69	)		19,135
Mortgage-backed securities		92,742		1,823		(93	)		94,472
Common stocks		621		198		-			819
Pooled trust preferred securities		1,104		-		(699	)		405
Certificates of deposit		4,590		-		-			4,590
Total	$	192,542	$	6,534	$	(862	)	$	198,214

Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Table Text Block]

Securities which are temporarily impaired are shown below, along with the length of the impairment period.

			As of September 30, 2012
(Dollars in thousands)			Less than 12 months					12 months or longer					Total
	No. of		Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	securities		value		losses			value		losses			value		losses
Municipal obligations, tax exempt		15	$	4,512	$	(32	)	$	-	$	-		$	4,512	$	(32	)
Municipal obligations, taxable		7		2,599		(6	)		211		(2	)		2,810		(8	)
Mortgage-backed securities		5		7,079		(60	)		-		-			7,079		(60	)
Pooled trust preferred securities		2		-		-			565		(458	)		565		(458	)
Total		29	$	14,190	$	(98	)	$	776	$	(460	)	$	14,966	$	(558	)

			As of December 31, 2011
(Dollars in thousands)			Less than 12 months					12 months or longer					Total
	No. of		Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	securities		value		losses			value		losses			value		losses
Municipal obligations, tax exempt		1	$	247	$	(1	)	$	-	$	-		$	247	$	(1	)
Municipal obligations, taxable		15		6,579		(69	)		-		-			6,579		(69	)
Mortgage-backed securities		10		14,260		(93	)		-		-			14,260		(93	)
Pooled trust preferred securities		2		-		-			405		(699	)		405		(699	)
Total		28	$	21,086	$	(163	)	$	405	$	(699	)	$	21,491	$	(862	)

Available For Sale Securities In Pooled Trust Preferred Securities [Table Text Block]

The following table provides additional information related to the Company’s investments in pooled trust preferred securities as of September 30, 2012:

(Dollars in thousands)										Cumulative
			Moody's		Original		Principal			credit			Cost		Unrealized			Fair
Investment	Class		rating		par		payments			losses			basis		loss			value
PreTSL VIII		B		C	$	1,000	$	-		$	(682	)	$	318	$	(98	)	$	220
PreTSL IX		B		Ca		1,000		(60	)		(235	)		705		(360	)		345
Total					$	2,000	$	(60	)	$	(917	)	$	1,023	$	(458	)	$	565

Available For Sale Securities Debt Maturities [Table Text Block]

Maturities of investment securities at September 30, 2012 are as follows:

(Dollars in thousands)	Amortized		Estimated
	cost		fair value
Due in less than one year	$	15,379	$	15,509
Due after one year but within five years		148,248		151,264
Due after five years but within ten years		52,817		55,634
Due after ten years		15,388		15,740
Common stocks		621		871
Total	$	232,453	$	239,018

Schedule of Realized Gain (Loss) [Table Text Block]

Gross realized gains and losses on sales of available-for-sale investment securities are as follows:

	Three months ended				Nine months ended
(Dollars in thousands)	September 30,				September 30,
	2012		2011		2012		2011
Realized gains	$	-	$	186	$	359	$	186
Realized losses		-		-		-		-
Total	$	-	$	186	$	359	$	186