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Securities (Tables)
6 Months Ended
Jun. 30, 2012
Securities [Abstract]  
Amortized cost, gross unrealized gains and losses and fair values of securities available for sale
                                 
    At June 30, 2012  
    Amortized
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
 
    (Dollars in thousands)  

Securities available for sale:

                               

U.S. Government agencies and corporations

  $ 52,908     $ 215     $ (1   $ 53,122  

Mortgage backed securities

    114,294       3,355       (278     117,371  

Collateralized mortgage obligations

    25,959       582       —         26,541  

State and political subdivisions

    29,591       2,164       (1     31,754  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Securities

  $ 222,752     $ 6,316     $ (280   $ 228,788  
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    At December 31, 2011  
    Amortized
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
 
    (Dollars in thousands)  

Securities available for sale:

                               

U.S. Government agencies and corporations

  $ 56,762     $ 120     $ (1   $ 56,881  

Mortgage backed securities

    103,624       3,705       (292     107,037  

Collateralized mortgage obligations

    29,537       700       —         30,237  

State and political subdivisions

    30,000       1,901       (44     31,857  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Securities

  $ 219,923     $ 6,426     $ (337   $ 226,012  
   

 

 

   

 

 

   

 

 

   

 

 

 
Amortized cost and fair value of the debt securities portfolio are shown by expected maturity
                 
    At June 30, 2012  
    (Dollars in thousands)  
    Amortized
Cost
    Fair
Value
 

Securities available for sale:

               

Due in one year or less

  $ 34,404     $ 34,523  

Due from one year to five years

    30,229       30,959  

Due from five years to ten years

    10,087       11,084  

Due after ten years

    7,779       8,310  

Mortgage backed securities and collateralized mortgage obligations

    140,253       143,912  
   

 

 

   

 

 

 
    $ 222,752     $ 228,788  
   

 

 

   

 

 

 
Realized gains and losses related to securities available-for-sale
                 
    2012     2011  
    (Dollars in thousands)  

Gross realized gains

  $ —       $ 500  

Gross realized losses

    —         —    
   

 

 

   

 

 

 

Net Securities Gains

  $ —       $ 500  
   

 

 

   

 

 

 

Proceeds from the sale of available for sale securities

  $ —       $ 24,664  
   

 

 

   

 

 

 
Summary of securities that had unrealized losses
                                                 
    At June 30, 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

  $ 9,999     $ (1   $ —       $ —       $ 9,999     $ (1

Mortgage backed securities

    25,827       (278     —         —         25,827       (278

State and political subdivisions

    403       (1     —         —         403       (1
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 36,229     $ (280   $ —       $ —       $ 36,229     $ (280
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                                 
    At December 31, 2011  
    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

  $ 9,999     $ (1   $ —       $ —       $ 9,999     $ (1

Mortgage backed securities

    25,606       (292     —         —         25,606       (292

State and political subdivisions

    3,669       (44     —         —         3,669       (44
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 39,274     $ (337   $ —       $ —       $ 39,274     $ (337