Securities (Tables)

6 Months Ended

Jun. 30, 2014

Summary the Amortized Cost and Fair Value of Available-for-Sale Investment Securities Corresponding Amounts of Unrealized Gains and Losses

The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolio at June 30, 2014 and December 31, 2013 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income (loss):

			Gross		Gross
(In Thousands of Dollars)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
June 30, 2014
U.S. Treasury and U.S. government sponsored entities	$	27,678	$	582	$	(167	)	$	28,093
State and political subdivisions		88,247		1,931		(1,289	)		88,889
Corporate bonds		1,842		5		(7	)		1,840
Mortgage-backed securities - residential		240,359		2,008		(2,294	)		240,073
Collateralized mortgage obligations		28,205		162		(1,293	)		27,074
Small business administration		24,436		1		(1,325	)		23,112
Equity securities		118		86		0			204
Totals	$	410,885	$	4,775	$	(6,375	)	$	409,285

			Gross		Gross
(In Thousands of Dollars)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
December 31, 2013
U.S. Treasury and U.S. government sponsored entities	$	50,942	$	755	$	(387	)	$	51,310
State and political subdivisions		96,239		1,302		(2,807	)		94,734
Corporate bonds		1,540		0		(15	)		1,525
Mortgage-backed securities - residential		226,865		1,199		(5,084	)		222,980
Collateralized mortgage obligations		30,227		162		(1,713	)		28,676
Small business administration		25,592		1		(2,020	)		23,573
Equity securities		117		70		0			187
Totals	$	431,522	$	3,489	$	(12,026	)	$	422,985

Amortized Cost and Fair Value of the Debt Securities Maturity

The amortized cost and fair value of the debt securities portfolio are shown by expected maturity. Expected maturities may differ from contractual maturities if issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	June 30, 2014
(In Thousands of Dollars)	Amortized Cost		Fair Value
Maturity
Within one year	$	9,241	$	9,379
One to five years		56,737		57,497
Five to ten years		41,471		41,795
Beyond ten years		10,318		10,151
Mortgage-backed, collateralized mortgage obligations and small businessadministration securities
		293,000		290,259
Total	$	410,767	$	409,081

Investment Securities with Unrealized Losses

The following table summarizes the investment securities with unrealized losses at June 30, 2014 and December 31, 2013, aggregated by major security type and length of time in a continuous unrealized loss position.  Unrealized losses for equity securities rounded to less than $1 thousand in 2014 and 2013.

	Less than 12 Months					12 Months or Longer					Total
(In Thousands of Dollars)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
June 30, 2014
Available-for-sale
U.S. Treasury and U.S. government sponsored entities	$	0	$	0		$	10,812	$	(167	)	$	10,812	$	(167	)
State and political subdivisions		1,338		(9	)		25,348		(1,280	)		26,686		(1,289	)
Corporate bonds		199		(1	)		479		(6	)		678		(7	)
Mortgage-backed securities - residential		54,702		(255	)		72,225		(2,039	)		126,927		(2,294	)
Collateralized mortgage obligations		0		0			20,394		(1,293	)		20,394		(1,293	)
Small business administration		0		0			23,003		(1,325	)		23,003		(1,325	)
Equity securities		10		0			0		0			10		0
Total	$	56,249	$	(265	)	$	152,261	$	(6,110	)	$	208,510	$	(6,375	)

	Less than 12 Months					12 Months or Longer					Total
(In Thousands of Dollars)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2013
Available-for-sale
U.S. Treasury and U.S. government sponsored entities	$	20,776	$	(387	)	$	0	$	0		$	20,776	$	(387	)
State and political subdivisions		34,851		(1,855	)		7,492		(952	)		42,343		(2,807	)
Corporate bonds		1,052		(2	)		473		(13	)		1,525		(15	)
Mortgage-backed securities - residential		141,024		(3,735	)		27,026		(1,349	)		168,050		(5,084	)
Collateralized mortgage obligations		5,283		(450	)		15,726		(1,263	)		21,009		(1,713	)
Small business administration		6,927		(491	)		16,520		(1,529	)		23,447		(2,020	)
Equity securities		7		0			0		0			7		0
Total	$	209,920	$	(6,920	)	$	67,237	$	(5,106	)	$	277,157	$	(12,026	)