Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investment securities as of June 30, 2013 and December 31, 2012 are summarized as follows:

June 30, 2013			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies
Mortgage-Backed	$	269,707	$	156	$	(8,070	)	$	261,793
State, County & Municipal		4,158		21		(58	)		4,121
Corporate Obligations		1,000		85		--			1,085
Asset-Backed Securities		367		--		(235	)		132
	$	275,232	$	262	$	(8,363	)	$	267,131
Securities Held to Maturity:
State, County and Municipal	$	38	$	--	$	--		$	38

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 June 30, 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	$	2,751	$	2,855	$	38	$	38
Due After Five Years Through Ten Years		1,754		1,740		--		--
Due After Ten Years		1,020		743		--		--
		5,525		5,338		38		38

Mortgage-Backed Securities		269,707		261,793		--		--
	$	275,232	$	267,131	$	38	$	38

Invested securities in a continuous unrealized loss position

Information pertaining to securities with gross unrealized losses at June 30, 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

June 30, 2013
U.S. Government Agencies
Mortgage-Backed	$	246,778	$	(8,070	)	$	--	$	--		$	246,778	$	(8,070	)
State, County and Municipal		1,694		(58	)		--		--			1,694		(58	)
Asset-Backed Securities		--		--			132		(235	)		132		(235	)
	$	248,472	$	(8,128	)	$	132	$	(235	)	$	248,604	$	(8,363	)

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	)