Investment Securities (Tables)

9 Months Ended

Sep. 30, 2013

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

September 30, 2013			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Securities Available for Sale:
U.S. Government Agencies Mortgage-Backed	$	262,423	$	199	$	(10,556	)	$	252,066
State, County & Municipal		4,129		17		(72	)		4,074
Corporate Obligations		1,000		82		--			1,082
Asset-Backed Securities		367		--		(235	)		132
	$	267,919	$	298	$	(10,863	)	$	257,354
Securities Held to Maturity:
State, County and Municipal	$	39	$	--	$	--		$	39

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 September 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 In One Year or Less	$	273	$	276	$	--	$	--
Due After One Year Through Five Years		2,599		2,694		39		39
Due After Five Years Through Ten Years		1,604		1,582		--		--
Due After Ten Years		1,020		736		--		--
		5,496		5,288		39		39

Mortgage-Backed Securities		262,423		252,066		--		--
	$	267,919	$	257,354	$	39	$	39

Invested securities in a continuous unrealized loss position

Information pertaining to securities with gross unrealized losses at September 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

September 30, 2013
U.S. Government Agencies Mortgage-Backed	$	221,584	$	(10,456	)	$	5,453	$	(100	)	$	227,037	$	(10,556	)
State, County and Municipal		1,669		(72	)		--		--			1,669		(72	)
Asset-Backed Securities		--		--			132		(235	)		132		(235	)
	$	223,253	$	(10,528	)	$	5,585	$	(335	)	$	228,838	$	(10,863	)

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	)