Schedule of amortized cost, unrealized gains and losses, and fair value of securities available for sale |
September 30, 2012 |
|
Amortized |
|
Unrealized |
|
|
|
Securities available for sale |
|
cost |
|
Gains |
|
Losses |
|
Fair value |
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury and other U.S. government obligations |
|
$ |
60,000 |
|
$ |
— |
|
$ |
— |
|
$ |
60,000 |
|
Government sponsored enterprise obligations |
|
103,819 |
|
2,853 |
|
— |
|
106,672 |
|
Mortgage-backed securities |
|
127,272 |
|
4,280 |
|
— |
|
131,552 |
|
Obligations of states and political subdivisions |
|
58,495 |
|
3,189 |
|
— |
|
61,684 |
|
Trust preferred securities of financial institutions |
|
1,000 |
|
38 |
|
— |
|
1,038 |
|
|
|
|
|
|
|
|
|
|
|
Total securities available for sale |
|
$ |
350,586 |
|
$ |
10,360 |
|
$ |
— |
|
$ |
360,946 |
|
December 31, 2011 |
|
Amortized |
|
Unrealized |
|
|
|
Securities available for sale |
|
cost |
|
Gains |
|
Losses |
|
Fair value |
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury and other U.S. government obligations |
|
$ |
115,001 |
|
$ |
— |
|
$ |
— |
|
$ |
115,001 |
|
Government sponsored enterprise obligations |
|
43,349 |
|
2,837 |
|
— |
|
46,186 |
|
Mortgage-backed securities |
|
116,954 |
|
3,564 |
|
23 |
|
120,495 |
|
Obligations of states and political subdivisions |
|
66,755 |
|
2,779 |
|
33 |
|
69,501 |
|
Trust preferred securities of financial institutions |
|
1,000 |
|
2 |
|
— |
|
1,002 |
|
|
|
|
|
|
|
|
|
|
|
Total securities available for sale |
|
$ |
343,059 |
|
$ |
9,182 |
|
$ |
56 |
|
$ |
352,185 |
|
| | |
|
Summary of securities based on contractual maturity |
Securities available for sale |
|
Amortized cost |
|
Fair value |
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
Due within 1 year |
|
$ |
127,449 |
|
$ |
127,602 |
|
Due after 1 but within 5 years |
|
62,614 |
|
65,142 |
|
Due after 5 but within 10 years |
|
32,251 |
|
35,612 |
|
Due after 10 years |
|
1,000 |
|
1,038 |
|
Mortgage-backed securities |
|
127,272 |
|
131,552 |
|
Total securities available for sale |
|
$ |
350,586 |
|
$ |
360,946 |
|
| | |
|
Schedule of securities with unrealized losses not recognized in income |
|
|
Less than 12 months |
|
12 months or more |
|
Total |
|
|
|
Fair |
|
Unrealized |
|
Fair |
|
Unrealized |
|
Fair |
|
Unrealized |
|
(in thousands) |
|
value |
|
losses |
|
value |
|
losses |
|
value |
|
losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities |
|
$ |
5,122 |
|
$ |
23 |
|
$ |
— |
|
$ |
— |
|
5,122 |
|
23 |
|
Obligations of states and political subdivisions |
|
2,644 |
|
17 |
|
1,021 |
|
16 |
|
3,665 |
|
33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total temporarily impaired securities |
|
$ |
7,766 |
|
$ |
40 |
|
$ |
1,021 |
|
$ |
16 |
|
$ |
8,787 |
|
$ |
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|