SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

The amortized cost basis and fair values of securities are as follows:

			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Securities available-for-sale:
March 31, 2014:
Government-sponsored     collateralized mortgage obligations	$	102,756	$	230	$	(2,649)	$	100,337
Government-sponsored     mortgage-backed residential		77,417		13		(2,902)		74,528
Corporate bonds		30,251		310		(173)		30,388
Asset backed-collateralized loan     obligations		20,739		3		(453)		20,289
State and municipal		10,868		336		(3)		11,201
Commercial mortgage backed		4,092		-		(9)		4,083
Total	$	246,123	$	892	$	(6,189)	$	240,826
Securities available-for-sale:
December 31, 2013:
Government-sponsored     collateralized mortgage obligations	$	104,390	$	86	$	(3,660)	$	100,816
Government-sponsored     mortgage-backed residential		78,204		4		(3,884)		74,324
Corporate bonds		43,818		208		(328)		43,698
Asset backed-collateralized loan     obligations		35,113		-		(635)		34,478
State and municipal		11,670		264		(11)		11,923
Commercial mortgage backed		4,097		-		(54)		4,043
Total	$	277,292	$	562	$	(8,572)	$	269,282

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of securities at March 31, 2014, by contractual maturity, are shown below. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.

	Available for Sale
	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	3,055	$	3,055
Due after one year through five years		26,910		27,118
Due after five years through ten years		4,733		4,700
Due after ten years		6,421		6,716
Investment securities with no single maturity date:
Government-sponsored collateralized mortgage     obligations		102,756		100,337
Government-sponsored mortgage-backed     residential		77,417		74,528
Asset backed-collateralized loan obligations		20,739		20,289
Commercial mortgage backed		4,092		4,083
	$	246,123	$	240,826

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The following schedule shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on those sales:

	Three Months Ended
	March 31,
	2014		2013
	(Dollars in thousands)
Proceeds from sales	$	36,126	$	75,536
Gross realized gains		148		509
Gross realized losses		211		282

Schedule of Roll-forward of Credit Losses Recognized in Earnings [Table Text Block]

Securities with unrealized losses at March 31, 2014 and December 31, 2013 aggregated by major security type and length of time in a continuous unrealized loss position are as follows:

 

	Less than 12 Months				12 Months or More					Total
March 31, 2014		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities		Value		Loss		Value		Loss		Value		Loss
Government-sponsored collateralized     mortgage obligations	$	51,722	$	(1,007)	$	23,848	$	(1,642)	$	75,570	$	(2,649)
Government-sponsored mortgage-backed     residential		47,853		(1,599)		25,559		(1,303)		73,412		(2,902)
Corporate bonds		6,824		(93)		2,924		(80)		9,748		(173)
Asset backed-collateralized loan obligations		19,439		(453)		-		-		19,439		(453)
State and municipal		826		(3)		-		-		826		(3)
Commercial mortgage backed		4,083		(9)		-		-		4,083		(9)
Total temporarily impaired	$	130,747	$	(3,164)	$	52,331	$	(3,025)	$	183,078	$	(6,189)

	Less than 12 Months				12 Months or More				Total
December 31, 2013	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
Government-sponsored collateralized     mortgage obligations	$	59,168	$	(2,119)	$	20,560	$	(1,541)	$	79,728	$	(3,660)
Government-sponsored mortgage-backed     residential		59,971		(2,864)		13,215		(1,020)		73,186		(3,884)
Corporate bonds		17,578		(328)		-		-		17,578		(328)
Asset backed-collateralized loan obligations		34,478		(635)		-		-		34,478		(635)
State and municipal		1,865		(11)		-		-		1,865		(11)
Commercial mortgage backed		4,043		(54)		-		-		4,043		(54)
Total temporarily impaired	$	177,103	$	(6,011)	$	33,775	$	(2,561)	$	210,878	$	(8,572)