Investment Securities

6 Months Ended

Jun. 30, 2013

Investment Securities [Abstract]

Investment Securities

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)

Note E – Investment Securities

Investments in Federal Home Loan Bank and Federal Reserve Bank stock are combined and classified separately from investment securities in the condensed consolidated balance sheet, are restricted and may only be resold to, or redeemed by, the issuer.

Investment securities available for sale consisted of the following (in $1,000s):

	June 30, 2013				December 31, 2012
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
United States treasury	$	3,498	$	3,499	$	3,499	$	3,500
United States government agency		4,500		4,373		4,000		3,987
Mortgage-backed		7,146		7,282		8,078		8,199
	$	15,144	$	15,154	$	15,577	$	15,686

Gross unrealized gains and losses on investment securities available for sale were as follows (in $1,000s):

	June 30, 2013				December 31, 2012
	Gains		Losses		Gains		Losses
United States treasury	$	1			$	1
United States government agency			$	127			$	13
Mortgage-backed		142		6		121
	$	143	$	133	$	122	$	13

The age of gross unrealized losses and carrying value (at estimated fair value) of securities available for sale are summarized below (in $1,000s):

	June 30, 2013				December 31, 2012
	Unrealized Loss		Carrying Value		Unrealized Loss		Carrying Value
One year or less:
United States government agencies	$	127	$	4,373	$	13	$	3,987
Mortgage-backed		6		1,948		-		-
	$	133		6,321		13		3,987

Scheduled maturities of investment securities held as of June 30, 2013 were as follows (in $1,000s):

	Amortized Cost		Estimated Fair Value
Due in one year or less	$	3,498	$	3,499
After one year, through five years		500		498
After five years, through ten years		4,476		4,455
After ten years		6,670		6,702
	$	15,144	$	15,154

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CAPITOL BANCORP LIMITED (DEBTOR-IN-POSSESSION)