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Investment Securities Held-to-Maturity (Tables)
12 Months Ended
Dec. 31, 2012
Securities Available-for-Sale and Investment Securities Held-to-Maturity [Abstract]  
Unrealized gain (losses) on securities
                                                                 
    December 31, 2012     December 31, 2011  
          Gross     Gross     Estimated           Gross     Gross     Estimated  
    Amortized     Unrealized     Unrealized     Fair     Amortized     Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value     Cost     Gains     Losses     Value  
    (dollars in thousands)  

U.S. Government Sponsored Enterprise

  $ 17,747     $ 19     $ 8     $ 17,758     $ 26,979     $ 36     $ 2     $ 27,013  

U.S. Government Sponsored Enterprise Mortgage-Backed Securities

    257,760       6,480       74       264,166       152,389       5,435       15       157,809  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 275,507     $ 6,499     $ 82     $ 281,924     $ 179,368     $ 5,471     $ 17     $ 184,822  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Company's securities held-to-maturity

The following table shows the maturity distribution of the Company’s securities held-to-maturity at December 31, 2012.

 

                 
    Amortized     Fair  
    Cost     Value  
    (dollars in thousands)  

Within one year

  $ 6,780     $ 6,865  

After one but within five years

    205,981       210,897  

After five but within ten years

    62,472       63,880  

More than ten years

    274       282  
   

 

 

   

 

 

 

Total

  $ 275,507     $ 281,924  
   

 

 

   

 

 

 
Unrealized market loss of securities

In evaluating the underlying credit quality of a security, management considers several factors such as the credit quality of the obligor and the issuer, if applicable. Internal reviews of issuer financial statements are performed as deemed necessary.

 

                                                 
    December 31, 2012  
    Less Than 12 Months     12 Months or Longer     Total  
          Unrealized           Unrealized           Unrealized  

Temporarily Impaired Investments

  Fair Value     Losses     Fair Value     Losses     Fair Value     Losses  
    (dollars in thousands)  

U.S. Government Sponsored Enterprises

  $ 9,994     $ 8     $     $  —     $ 9,994     $ 8  

U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities

    8,936       50       5,371       24       14,307       74  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 18,930     $ 58     $ 5,371     $ 24     $ 24,301     $ 82  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The following table shows the temporarily impaired securities of the Company’s held-to-maturity portfolio at December 31, 2011.

                                                 
    December 31, 2011  
    Less Than 12 Months     12 Months or Longer     Total  
          Unrealized           Unrealized           Unrealized  

Temporarily Impaired Investments

  Fair Value     Losses     Fair Value     Losses     Fair Value     Losses  
    (dollars in thousands)  

U.S. Government Sponsored Enterprises

  $ 4,994     $ 2     $  —     $  —     $ 4,994     $ 2  

U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities

    5,367       15                   5,367       15  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 10,361     $ 17     $     $     $ 10,361     $ 17