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Securities (Tables)
6 Months Ended
Jun. 30, 2013
Securities [Abstract]  
Fair value of securities
                                 
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
June 30, 2013   Cost     Gains     Losses     Value  

Available for sale

                               

U.S. Treasury and federal agencies

  $ 39,071     $ 150     $ (614   $ 38,607  

State and municipal

    176,838       5,949       (2,420     180,367  

Federal agency collateralized mortgage obligations

    108,607       1,366       (1,170     108,803  

Federal agency mortgage-backed pools

    151,146       3,583       (1,652     153,077  

Private labeled mortgage-backed pools

    1,502       52       —         1,554  

Corporate notes

    32       13       —         45  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available for sale investment securities

  $ 477,196     $ 11,113     $ (5,856   $ 482,453  
   

 

 

   

 

 

   

 

 

   

 

 

 

Held to maturity, State and Municipal

  $ 9,910     $ —       $ —       $ 9,910  
   

 

 

   

 

 

   

 

 

   

 

 

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

Available for sale

                               

U.S. Treasury and federal agencies

  $ 51,458     $ 351     $ (30   $ 51,779  

State and municipal

    162,147       10,842       (84     172,905  

Federal agency collateralized mortgage obligations

    95,337       1,533       (39     96,831  

Federal agency mortgage-backed pools

    152,372       6,847       (15     159,204  

Private labeled mortgage-backed pools

    1,960       71       —         2,031  

Corporate notes

    32       19       —         51  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available for sale investment securities

  $ 463,306     $ 19,663     $ (168   $ 482,801  
   

 

 

   

 

 

   

 

 

   

 

 

 
Amortized cost and fair value of securities available for sale and held to maturity
                                 
    June 30, 2013     December 31, 2012  
    Amortized
Cost
    Fair
Value
    Amortized
Cost
    Fair
Value
 

Available for sale

                               

Within one year

  $ 4,163     $ 4,184     $ 4,358     $ 4,368  

One to five years

    43,560       44,113       49,415       50,673  

Five to ten years

    98,188       100,398       98,551       104,258  

After ten years

    70,030       70,324       61,313       65,436  
   

 

 

   

 

 

   

 

 

   

 

 

 
      215,941       219,019       213,637       224,735  

Federal agency collateralized mortgage obligations

    108,607       108,803       95,337       96,831  

Federal agency mortgage-backed pools

    151,146       153,077       152,372       159,204  

Private labeled mortgage-backed pools

    1,502       1,554       1,960       2,031  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available for sale investment securities

  $ 477,196     $ 482,453     $ 463,306     $ 482,801  
   

 

 

   

 

 

   

 

 

   

 

 

 

Held to maturity

                               

Within one year

  $ 9,910     $ 9,910     $ —       $ —    

One to five years

    —         —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total held to maturity investment securities

  $ 9,910     $ 9,910     $ —       $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Gross unrealized losses and the fair value of the Company's investments
                                                 
    Less than 12 Months     12 Months or More     Total  

June 30, 2013

  Fair
Value
    Unrealized
Losses
    Fair
Value
    Unrealized
Losses
    Fair
Value
    Unrealized
Losses
 

U.S. Treasury and federal agencies

  $ 27,871     $ (614   $ —       $ —       $ 27,871     $ (614

State and municipal

    55,862       (2,403     1,141       (17     57,003       (2,420

Federal agency collateralized mortgage obligations

    51,644       (1,170     —         —         51,644       (1,170

Federal agency mortgage-backed pools

    48,313       (1,652     —         —         48,313       (1,652
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 183,690     $ (5,839   $ 1,141     $ (17   $ 184,831     $ (5,856
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
       
    Less than 12 Months     12 Months or More     Total  

December 31, 2012

  Fair
Value
    Unrealized
Losses
    Fair
Value
    Unrealized
Losses
    Fair
Value
    Unrealized
Losses
 

U.S. Treasury and federal agencies

  $ 13,064     $ (30   $ —       $ —       $ 13,064     $ (30

State and municipal

    11,928       (84     —         —         11,928       (84

Federal agency collateralized mortgage obligations

    12,719       (39     —         —         12,719       (39

Federal agency mortgage-backed pools

    4,126       (15     —         —         4,126       (15
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 41,837     $ (168   $ —       $ —       $ 41,837     $ (168
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Sales of securities available for sale
                                 
    Three months ended June 30     Six months ended June 30  
    2013     2012     2013     2012  

Sales of securities available for sale (Unaudited)

                               

Proceeds

  $ —       $ —       $ 23,485     $ —    

Gross gains

    —         —         376       —    

Gross losses

    —         —         (8     —