Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment securities as of March 31, 2013 and December 31, 2012 are summarized as follows:

March 31, 2013			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	284,283	$	471	$	(1,944	)	$	282,810
State, County & Municipal		4,173		44		(8	)		4,209
Corporate Obligations		1,000		98		--			1,098
Asset-Backed Securities		367		--		(235	)		132
	$	289,823	$	613	$	(2,187	)	$	288,249
Securities Held to Maturity:
State, County and Municipal	$	43	$	--	$	--		$	43

December 31, 2012			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	263,187	$	835	$	(962	)	$	263,060
State, County & Municipal		3,974		34		(4	)		4,004
Corporate Obligations		1,000		105		--			1,105
Asset-Backed Securities		366		--		(234	)		132
	$	268,527	$	974	$	(1,200	)	$	268,301
Securities Held to Maturity:
State, County and Municipal	$	41	$	1	$	--		$	42

Amortized cost and fair value of investment securities by contractual maturity

The amortized cost and fair value of investment securities as of March 31, 2013, 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. This is often the case with mortgage-backed securities, which are disclosed separately in the table below.

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

Due After One Year Through Five Years	$	2,754	$	2,882	$	43	$	43
Due After Five Years Through Ten Years		1,765		1,779		--		--
Due After Ten Years		1,021		778		--		--
		5,540		5,439		43		43

Mortgage-Backed Securities		284,283		282,810		--		--
	$	289,823	$	288,249	$	43	$	43

Invested securities in a continuous unrealized loss position

Information pertaining to securities with gross unrealized losses at March 31, 2013 and December 31, 2012 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

March 31, 2013
U.S. Government Agencies
Mortgage-Backed	$	200,421	$	(1,944	)	$	--	$	--		$	200,421	$	(1,944	)
State, County and Municipal		646		(8	)		--		--			646		(8	)
Asset-Backed Securities		--		--			132		(235	)		132		(235	)
	$	201,067	$	(1,952	)	$	132	$	(235	)	$	201,199	$	(2,187	)

December 31, 2012
U.S. Government Agencies
Mortgage-Backed	$	142,104	$	(962	)	$	--	$	--		$	142,104	$	(962	)
State, County and Municipal		1,431		(4	)		--		--			1,431		(4	)
Asset-Backed Securities		--		--			132		(234	)		132		(234	)
	$	143,535	$	(966	)	$	132	$	(234	)	$	143,667	$	(1,200	)