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Securities (Tables)
3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
Amortized cost and fair value of securities at March 31, 2014, and December 31, 2013, were as follows:
 
In thousands
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
 
 
 
 
SECURITIES AVAILABLE FOR SALE
 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
MARCH 31, 2014
 
 

 
 

 
 

 
 

U.S. Government and agencies
 
$
19,063

 
$
501

 
$

 
$
19,564

Mortgage-backed securities, residential
 
48,176

 
2,232

 
54

 
50,354

State and municipal
 
40,762

 
1,232

 
152

 
41,842

Corporate bonds
 
11,003

 
158

 

 
11,161

CRA mutual fund
 
1,044

 

 
4

 
1,040

Stock in other banks
 
627

 
170

 

 
797

 
 
$
120,675

 
$
4,293

 
$
210

 
$
124,758

 
 
 
 
 
 
 
 
 
DECEMBER 31, 2013
 
 

 
 

 
 

 
 

U.S. Government and agencies
 
$
21,094

 
$
557

 
$

 
$
21,651

Mortgage-backed securities, residential
 
51,541

 
2,322

 
123

 
53,740

State and municipal
 
40,780

 
1,117

 
375

 
41,522

Corporate bonds
 
11,004

 
192

 
31

 
11,165

CRA mutual fund
 
1,044

 

 
11

 
1,033

Stock in other banks
 
627

 
245

 

 
872

 
 
$
126,090

 
$
4,433

 
$
540

 
$
129,983

 
 
 
 
 
 
 
 
 
SECURITIES HELD TO MATURITY
 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
MARCH 31, 2014
 
 

 
 

 
 

 
 

U.S. Government and agencies
 
$
36,518

 
$
68

 
$
662

 
$
35,924

Mortgage-backed securities, residential
 
54,985

 
76

 
1,038

 
54,023

 
 
$
91,503

 
$
144

 
$
1,700

 
$
89,947

DECEMBER 31, 2013
 
 

 
 

 
 

 
 

U.S. Government and agencies
 
$
37,528

 
$
142

 
$
923

 
$
36,747

Mortgage-backed securities, residential
 
56,845

 
40

 
1,550

 
55,335

 
 
$
94,373

 
$
182

 
$
2,473

 
$
92,082

Schedule of Unrealized Loss on Investments [Table Text Block]
The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014, and December 31, 2013:
 
 
 
Less than 12 Months
 
12 Months or More
 
Total
In thousands
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
 
 
 
 
 
 
 
 
 
 
 
 
SECURITIES AVAILABLE FOR SALE
 
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
MARCH 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 

Mortgage-backed securities, residential
 
$
5,024

 
$
54

 
$

 
$

 
$
5,024

 
$
54

State and municipal
 
6,813

 
109

 
1,567

 
43

 
8,380

 
152

CRA mutual fund
 
1,040

 
4

 

 

 
1,040

 
4

 
 
$
12,877

 
$
167

 
$
1,567

 
$
43

 
$
14,444

 
$
210

 
 
 
 
 
 
 
 
 
 
 
 
 
DECEMBER 31, 2013
 
 

 
 

 
 

 
 

 
 

 
 

Mortgage-backed securities, residential
 
$
6,944

 
$
123

 
$

 
$

 
$
6,944

 
$
123

State and municipal
 
11,107

 
340

 
1,070

 
35

 
12,177

 
375

Corporate bond
 
4,969

 
31

 

 

 
4,969

 
31

CRA mutual fund
 
1,033

 
11

 

 

 
1,033

 
11

 
 
$
24,053

 
$
505

 
$
1,070

 
$
35

 
$
25,123

 
$
540

 
 
 
 
 
 
 
 
 
 
 
 
 
SECURITIES HELD TO MATURITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MARCH 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government and agencies
 
$
13,981

 
$
449

 
$
9,870

 
$
213

 
$
23,851

 
$
662

Mortgage-backed securities, residential
 
29,100

 
610

 
9,724

 
428

 
38,824

 
1,038

 
 
$
43,081

 
$
1,059

 
$
19,594

 
$
641

 
$
62,675

 
$
1,700

 
 
 
 
 
 
 
 
 
 
 
 
 
DECEMBER 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government and agencies
 
$
22,710

 
$
812

 
$
2,889

 
$
111

 
$
25,599

 
$
923

Mortgage-backed security, residential
 
45,891

 
1,446

 
1,755

 
104

 
47,646

 
1,550

 
 
$
68,601

 
$
2,258

 
$
4,644

 
$
215

 
$
73,245

 
$
2,473

Investments Classified by Contractual Maturity Date [Table Text Block]
Amortized cost and fair value at March 31, 2014, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.
 
 
 
Available for Sale
 
Held to Maturity
In thousands
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
 
 
 
 
 
 
 
 
1 year or less
 
$
5,862

 
$
5,957

 
$
10,003

 
$
10,070

Over 1 year through 5 years
 
33,607

 
34,812

 
18,058

 
17,711

Over 5 years through 10 years
 
28,384

 
28,734

 
8,457

 
8,143

Over 10 years
 
2,975

 
3,064

 

 

Mortgage-backed securities, residential
 
48,176

 
50,354

 
54,985

 
54,023

CRA mutual fund
 
1,044

 
1,040

 

 

Stock in other banks
 
627

 
797

 

 

 
 
$
120,675

 
$
124,758

 
$
91,503

 
$
89,947