Investment Securities (Tables)

9 Months Ended

Sep. 30, 2012

Investment securities as of September 30, 2012 are summarized as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	235,730	$	1,573	$	(493	)	$	236,810
State, County & Municipal		3,995		43		(1	)		4,037
Corporate Obligations		1,000		118		--			1,118
Asset-Backed Securities		367		--		(235	)		132
	$	241,092	$	1,734	$	(729	)	$	242,097
Securities Held to Maturity:
State, County and Municipal	$	45	$	1	$	--		$	46

Investment securities as of December 31, 2011 are summarized as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	291,097	$	3,152	$	(188	)	$	294,061
State, County & Municipal		7,475		132		(23	)		7,584
Corporate Obligations		2,000		124		(10	)		2,114
Asset-Backed Securities		426		--		(294	)		132
	$	300,998	$	3,408	$	(515	)	$	303,891
Securities Held to Maturity:
State, County and Municipal	$	46	$	--	$	--		$	46

Amortized cost and fair value of investment securities by contractual maturity

The amortized cost and fair value of investment securities as of September 30, 2012, by contractual maturity, are shown hereafter. Expected maturities will differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties.

	Securities
	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value

Due Less Than One Year	$	125	$	127	$	--	$	--
Due After One Year Through Five Years		2,697		2,847		45		46
Due After Five Years Through Ten Years		1,965		1,973		--		--
Due After Ten Years		575		340		--		--
		5,362		5,287		45		46

Mortgage-Backed Securities		235,730		236,810		--		--
	$	241,092	$	242,097	$	45	$	46

Invested securities in a continuous unrealized loss position

Information pertaining to securities with gross unrealized losses at September 30, 2012 and December 31, 2011 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	Less Than 12 Months					12 Months or Greater					Total

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

September 30, 2012
U.S. Government Agencies
Mortgage-Backed	$	68,388	$	(464	)	$	2,235	$	(29	)	$	70,623	$	(493	)
State, County and Municipal		208		(1	)		--		--			208		(1	)
Asset-Backed Securities		--		--			132		(235	)		132		(235	)
	$	68,596	$	(465	)	$	2,367	$	(264	)	$	70,963	$	(729	)

December 31, 2011
U.S. Government Agencies
Mortgage-Backed	$	26,440	$	(188	)	$	--	$	--		$	26,440	$	(188	)
State, County and Municipal		1,224		(21	)		73		(2	)		1,297		(23	)
Corporate Obligations		--		--			990		(10	)		990		(10	)
Asset-Backed Securities		--		--			132		(294	)		132		(294	)
	$	27,664	$	(209	)	$	1,195	$	(306	)	$	28,859	$	(515	)