Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investment Securities [Abstract]

Available-for-sale Investment Securities

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

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale:
U.S. Government sponsored enterprises	$	12,985	$	3	$	256	$	12,732
Obligations of state and political subdivisions		66,301		2,668		217		68,752
GSE mortgage-backed securities		159,092		2,559		2,206		159,445
Collateralized mortgage obligations: residential		85,995		369		1,867		84,497
Collateralized mortgage obligations: commercial		28,096		843		116		28,823
Other asset-backed securities		12,126		457		-		12,583
Collateralized debt obligation		464		3		-		467
	$	365,059	$	6,902	$	4,662	$	367,299

	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

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Held-to-maturity:
Obligations of state and political subdivisions	$	46,763	$	57	$	2,852	$	43,968
GSE mortgage-backed securities		86,024		430		1,032		85,422
Collateralized mortgage obligations: residential		14,776		-		507		14,269
Collateralized mortgage obligations: commercial		16,047		431		-		16,478
	$	163,610	$	918	$	4,391	$	160,137

	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 June 30, 2013 by contractual maturity are shown in the following table (in thousands) with the exception of other asset-backed securities, mortgage-backed securities, 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	$	9,454	$	9,581
Due after one year through five years		42,442		43,621
Due after five years through ten years		20,958		22,035
Due after ten years		6,432		6,247
Other asset-backed securities		12,126		12,583
Mortgage-backed securities and collateralized mortgage obligations:
Residential		245,087		243,942
Commercial		28,096		28,823
Collateralized debt obligation		464		467
	$	365,059	$	367,299

	Amortized Cost		Fair Value
Held-to-maturity:
Due in one year or less	$	306	$	306
Due after one year through five years		2,063		2,048
Due after five years through ten years		6,528		6,327
Due after ten years		37,866		35,287
Mortgage-backed securities and collateralized mortgage obligations:
Residential		100,800		99,691
Commercial		16,047		16,478
	$	163,610	$	160,137

Investment Securities with Unrealized Losses

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

	June 30, 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	$	10,555	$	256	$	-	$	-	$	10,555	$	256
Obligations of state and - political subdivisions		4,300		217		-		-		4,300		217
GSE mortgage-backed  securities		76,613		2,206		-		-		76,613		2,206
Collateralized mortgage  obligations: residential		61,082		1,866		70		1		61,152		1,867
Collateralized mortgage  obligations: commercial		4,488		116		-		-		4,488		116
	$	157,038	$	4,661	$	70	$	1	$	157,108	$	4,662

	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

	June 30, 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	$	41,664	$	2,852	$	-	$	-	$	41,664	$	2,852
GSE mortgage-backed securities		33,461		1,032		-		-		33,461		1,032
Collateralized mortgage obligations: residential		14,269		507		-		-		14,269		507
	$	89,394	$	4,391	$	-	$	-	$	89,394	$	4,391

	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