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Securities (Tables)
 12 Months Ended
Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities Available for Sale
The amortized cost, gross unrealized gains and losses and fair values of securities at December 31, 2013 and 2012 follows:
 
At December 31, 2013
 
Amortized 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair
Value
 
(Dollars in thousands)
Securities available for sale:
 
 
 
 
 
 
 
U.S. Government agencies and corporations
$
71,851

 
$
—

 
$
(6,463
)
 
$
65,388

Mortgage backed securities
94,313

 
1,362

 
(1,245
)
 
94,430

Collateralized mortgage obligations
18,650

 
255

 
(250
)
 
18,655

State and political subdivisions
32,521

 
1,137

 
(693
)
 
32,965

Preferred securities
4,684

 
—

 
—

 
4,684

Total Securities
$
222,019

 
$
2,754

 
$
(8,651
)
 
$
216,122

 
 
 
 
 
 
 
 
 
At December 31, 2012
 
Amortized 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair
Value
 
(Dollars in thousands)
Securities available for sale:
 
 
 
 
 
 
 
U.S. Government agencies and corporations
$
36,868

 
$
102

 
$
—

 
$
36,970

Mortgage backed securities
109,440

 
2,589

 
(328
)
 
111,701

Collateralized mortgage obligations
22,483

 
398

 
—

 
22,881

State and political subdivisions
29,980

 
2,241

 
(10
)
 
32,211

Total Securities
$
198,771

 
$
5,330

 
$
(338
)
 
$
203,763
Amortized Cost and Fair Value of the Debt Securities Portfolio are Shown by Expected Maturity
Mortgage backed securities are not due at a single maturity date and are therefore shown separately.
 
At December 31, 2013
  
Amortized Cost
 
Fair
Value
 
(Dollars in thousands)
Securities available for sale:
 
 
 
Due in one year or less
$
21,419

 
$
20,587

Due from one year to five years
57,306

 
53,363

Due from five years to ten years
24,738

 
23,583

Due after ten years
5,593

 
5,504

Mortgage backed securities and collateralized mortgage obligations
112,963

 
113,085

 
$
222,019

 
$
216,122
Realized Gains and Losses Related to Securities Available-for-Sale
Gains or losses on the sales of available-for-sale securities are recognized upon sale and are determined using the specific identification method.
 
December 31,
 
2013
 
2012
 
2011
 
(Dollars in thousands)
Gross realized gains
$
178

 
$
189

 
$
832

Gross realized losses
—

 
—

 
—

Net Securities Gains
$
178

 
$
189

 
$
832

Proceeds from the sale of available for sale securities
$
2,272

 
$
25,462

 
$
36,427
Summary of Securities that had Unrealized Losses
The Corporation has the intent and the ability to hold these securities until their value recovers, which may be until maturity.
 
 
At December 31, 2013
 
Less than 12 months
 
12 months or longer
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
(Dollars in thousands)
U.S. Government agencies and corporations
$
65,388

 
$
(6,463
)
 
$
—

 
$
—

 
$
65,388

 
$
(6,463
)
Mortgage backed securities
28,603

 
(566
)
 
31,051

 
(679
)
 
59,654

 
(1,245
)
Collateralized mortgage obligations
5,079

 
(59
)
 
4,411

 
(191
)
 
9,490

 
(250
)
State and political subdivisions
9,188

 
(602
)
 
447

 
(91
)
 
9,635

 
(693
)
Total
$
108,258

 
$
(7,690
)
 
$
35,909

 
$
(961
)
 
$
144,167

 
$
(8,651
)
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2012
 
Less than 12 months
 
12 months or longer
 
Total
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
 
(Dollars in thousands)
U.S. Government agencies and corporations
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Mortgage backed securities
44,491

 
(328
)
 
—

 
—

 
44,491

 
(328
)
State and political subdivisions
1,062

 
(10
)
 
—

 
—

 
1,062

 
(10
)
Total
$
45,553

 
$
(338
)
 
$
—

 
$
—

 
$
45,553

 
$
(338
)