Securities (Tables)

6 Months Ended

Jun. 30, 2013

Securities [Abstract]

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

 

The amortized cost and estimated fair value of investments in debt and equity securities at June 30, 2013 and December 31, 2012 were as follows:

	June 30,2013
(in thousands)	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale:
Federal agencies and GSEs	$	54,965	$	172	$	496	$	54,641
Mortgage-backed and CMOs		74,299		1,074		446		74,927
State and municipal		193,223		7,092		486		199,829
Corporate		10,952		2		216		10,738
Total securities available for sale	$	333,439	$	8,340	$	1,644	$	340,135

	December 31,2012
(in thousands)	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale:
Federal agencies and GSE	$	42,458	$	306	$	5	$	42,759
Mortgage-backed and CMOs		81,585		1,829		106		83,308
State and municipal		189,810		12,935		14		202,731
Corporate		6,317		131		-		6,448
Total securities available for sale	$	320,170	$	15,201	$	125	$	335,246

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	$	39,222	$	496	$	39,222	$	496		$	-	$	-
Mortgage-backed and CMOs		28,184		446		23,012		374			5,172		72
State and municipal		29,771		486		29,771		486			-		-
Corporate		8,582		216		8,582		216			-		-
Total	$	105,759	$	1,644	$	100,587	$	1,572		$	5,172	$	72