Securities (Tables)

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Schedule of amortized cost and estimated fair value of investments in debt and equity securities

The amortized cost and estimated fair value of investments in debt and equity securities at June 30, 2012 and December 31, 2011 were as follows:

	June 30, 2012
(in thousands)	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale:
Federal agencies and GSEs	$	36,823	$	357	$	3	$	37,177
Mortgage-backed and CMOs		95,222		1,866		206		96,882
State and municipal		180,058		11,979		15		192,022
Corporate		8,385		63		6		8,442
Total securities available for sale	$	320,488	$	14,265	$	230	$	334,523

	December 31, 2011
(in thousands)	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale:
Federal agencies and GSEs	$	32,071	$	608	$	-	$	32,679
Mortgage-backed and CMOs		102,444		1,874		414		103,904
State and municipal		182,952		11,454		1		194,405
Corporate		2,312		66		-		2,378
Total securities available for sale	$	319,779	$	14,002	$	415	$	333,366

Schedule of available for sale securities, continuous unrealized loss position

Available for sale securities that have been in a continuous unrealized loss position are as follows:

	Total				Less than 12 Months				12 Months or More
(in thousands)	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Federal agencies and GSEs	$	2,038	$	3	$	2,038	$	3	$	-	$	-
Mortgage-backed		17,215		120		17,215		120		-		-
CMOs		2,586		86		2,586		86		-		-
State and municipal		2,423		15		2,022		15		401		1
Corporate		2,419		6		2,419		6		-		-
Total	$	26,681	$	230	$	26,280	$	229	$	401	$	1

The table below shows gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position, at December 31, 2011.

	Total				Less than 12 Months				12 Months or More
(in thousands)	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Mortgage-backed	$	28,431	$	266	$	28,431	$	266	$	-	$	-
Private label CMOs		3,375		148		3,306		115		69		33
State and municipal		401		1		401		1		-		-
Total	$	32,207	$	415	$	32,138	$	382	$	69	$	33