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Securities (Tables)
12 Months Ended
Dec. 31, 2012
Securities and Securities Sold under agreements to Repurchase and overnight Borrowings [Abstract]  
Summary of Investments

Year end investment securities were as follows (in thousands):

 

                                 
Available for Sale, December 31, 2012   Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair
Value
 

Federal agencies

  $ 15,985     $ 45     $ —       $ 16,030  

U.S. government sponsored entities and agencies

    7,848       54       —         7,902  

States and political subdivisions

    33,889       1,112       (23     34,978  

Mortgage-backed securities

    5,589       26       —         5,615  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 63,311     $ 1,237     $ (23   $ 64,525  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
Available for Sale, December 31, 2011   Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair
Value
 

Federal agencies

  $ 28,303     $ 132     $ —       $ 28,435  

U.S. government sponsored entities and agencies

    22,855       101       —         22,956  

States and political subdivisions

    32,324       1,124       (3     33,445  

Asset-backed securities

    2,487       —         (11     2,476  

Mortgage-backed securities

    3,007       25       —         3,032  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 88,976     $ 1,382     $ (14   $ 90,344  
   

 

 

   

 

 

   

 

 

   

 

 

 
Reconciliation of Description Securities in a Continuous Unrealized Loss Position

Securities with unrealized losses at December 31, 2012 and 2011 that have not been recognized in income are as follows (in thousands):

 

                                                 
2012   Continued Unrealized
Loss for
Less than 12 Months
    Continued Unrealized
Loss for
12 Months or More
    Total  
Description of Securities   Fair
Value
    Unrealized
Loss
    Fair
    Value    
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 

States and political subdivisions

  $ 3,492     $ (23   $ —       $ —       $ 3,492     $ (23
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired

  $ 3,492     $ (23   $ —       $ —       $ 3,492     $ (23
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                                 
2011   Continued Unrealized
Loss for

Less than 12 Months
    Continued Unrealized
Loss for

12 Months or More
    Total  
Description of Securities   Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 

States and political subdivisions

  $ 1,005     $ (3   $ —       $ —       $ 1,005     $ (3

Mortgage-backed securities

    —         —         2,487       (11     2,487       (11
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired

  $ 1,005     $ (3   $ 2,487     $ (11   $ 3,492     $ (14
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Sale of Available for sale securities

The proceeds from sales of securities and the associated gains are listed below (in thousands):

 

                         
    2012     2011     2010  

Proceeds

  $ —       $ —       $ 7,445  

Gross gains

    —         —         206  
Amortized cost and fair value of investment portfolio by contractual maturities of debt securities

Contractual maturities of debt securities at year-end 2012 were as follows (in thousands):

 

                 
    Amortized
Cost
    Fair
Value
 

Due in one year or less

  $ 25,735     $ 25,871  

Due from one to five years

    16,162       16,604  

Due from five to ten years

    11,316       11,721  

Due after ten years

    4,509       4,714  

Mortgage-backed securities

    5,589       5,615  
   

 

 

   

 

 

 

Total

  $ 63,311     $ 64,525