Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

Available-for-sale Investment Securities

The portfolio of investment securities consisted of the following (in thousands):

	March 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale:
U.S. Government sponsored enterprises	$	13,195	$	8	$	17	$	13,186
Obligations of state and political subdivisions		73,186		3,997		4		77,179
GSE mortgage-backed securities		162,299		5,137		116		167,320
Asset-backed securities		12,174		454		-		12,628
Collateralized mortgage obligations: residential		86,784		629		160		87,253
Collateralized mortgage obligations: commercial		28,452		1,241		-		29,693
Collateralized debt obligation		464		63		-		527
	$	376,554	$	11,529	$	297	$	387,786

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale:
U.S. Government sponsored enterprises	$	13,422	$	2	$	-	$	13,424
Obligations of state and political subdivisions		83,093		4,328		-		87,421
GSE mortgage-backed securities		172,932		5,887		-		178,819
Collateralized mortgage obligations: residential		101,381		652		47		101,986
Collateralized mortgage obligations: commercial		28,528		1,233		-		29,761
Other asset-backed securities		12,245		497		-		12,742
Collateralized debt obligation		464		-		-		464
	$	412,065	$	12,599	$	47	$	424,617

Held-to-maturity Securities

	March 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held-to-maturity:
Obligations of state and political subdivisions	$	44,443	$	201	$	481	$	44,163
GSE mortgage-backed securities		91,968		2,315		29		94,254
Collateralized mortgage obligations: residential		15,026		-		90		14,936
Collateralized mortgage obligations: commercial		16,180		644		-		16,824
	$	167,617	$	3,160	$	600	$	170,177

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held-to-maturity:
Obligations of state and political subdivisions	$	42,900	$	7	$	7	$	42,900
GSE mortgage-backed securities		89,383		2,819		-		92,202
Collateralized mortgage obligations: residential		5,009		-		-		5,009
Collateralized mortgage obligations: commercial		16,232		581		-		16,813
	$	153,524	$	3,407	$	7	$	156,924

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at March 31, 2013 by contractual maturity are shown in the following table (in thousands) with the exception of other asset-backed securities, MBS, CMOs, and the collateralized debt obligation.   Expected maturities may differ from contractual maturities for mortgage-backed securities and CMOs because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
Available-for-sale:
Due in one year or less	$	13,977	$	14,152
Due after one year through five years		44,507		46,369
Due after five years through ten years		22,706		24,462
Due after ten years		5,191		5,382
Other asset-backed securities		12,174		12,628
Mortgage-backed securities and collateralized mortgage obligations:
Residential		249,083		254,573
Commercial		28,452		29,693
Collateralized debt obligation		464		527
	$	376,554	$	387,786

	Amortized Cost		Fair Value
Held-to-maturity:
Due in one year or less	$	306	$	307
Due after one year through five years		1,152		1,154
Due after five years through ten years		6,218		6,329
Due after ten years		36,767		36,373
Mortgage-backed securities and collateralized mortgage obligations:
Residential		106,994		109,190
Commercial		16,180		16,824
	$	167,617	$	170,177

Investment Securities with Unrealized Losses

Details concerning investment securities with unrealized losses are as follows (in thousands):

	March 31, 2013
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair  Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Available-for-sale:
U.S. Government sponsored enterprises	$	5,512	$	17	$	-	$	-	$	5,512	$	17
Obligations of state and political subdivisions		491		4		-		-		491		4
GSE mortgage-backed securities		34,310		116		-		-		34,310		116
Collateralized mortgage obligations: residential		19,920		159		82		1		20,002		160
	$	60,233	$	296	$	82	$	1	$	60,315	$	297

	December 31, 2012
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair  Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Available-for-sale: Collateralized mortgage obligations: residential	$	10,085	$	45	$	96	$	2	$	10,181	$	47

	March 31, 2013
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair  Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Held-to-maturity:
Obligations of state and political subdivisions	$	29,289	$	481	$	-	$	-	$	29,289	$	481
GSE mortgage-backed securities		9,996		29		-		-		9,996		29
Collateralized mortgage obligations: residential		14,936		90						14,936		90
	$	54,221	$	600	$	-	$	-	$	54,221	$	600

	December 31, 2012
	Securities with losses under 12 months				Securities with losses over 12 months				Total
	Fair  Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Held-to-maturity: Obligations of state and political subdivisions	$	1,128	$	7	$	-	$	-	$	1,128	$	7