Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule Of Investment Securities [Table Text Block]

Investment securities at March 31, 2013 and December 31, 2012 consisted of the following (dollars in thousands):

			Gross		Gross
	Amortized		unrealized		unrealized		Estimated
	cost		gains		losses		fair value
March 31, 2013
Available-for-sale
U.S. Agency mortgage-backed securities (MBS) *	$	200,226	$	4,973	$	628	$	204,571
Non-agency MBS		17,747		318		17		18,048
U.S. Agency asset-backed securities		9,151		498		118		9,531
Mutual fund		492		30		-		522
	$	227,616	$	5,819	$	763	$	232,672
Held-to-maturity
Tax credit investments	$	784	$	-	$	-	$	784
Obligations of state and political subdivisions		1,022		41		-		1,063
	$	1,806	$	41	$	-	$	1,847
December 31, 2012
Available-for-sale
U.S. Agency MBS *	$	216,141	$	5,426	$	252	$	221,315
Non-agency MBS		20,601		253		-		20,854
U.S. Agency asset-backed securities		9,374		599		118		9,855
Commercial paper		5,000		-		-		5,000
Mutual fund		486		34		-		520
	$	251,602	$	6,312	$	370	$	257,544
Held-to-maturity
Tax credit investments	$	790	$	-	$	-	$	790
Obligations of state and political subdivisions		1,023		50		-		1,073
	$	1,813	$	50	$	-	$	1,863

* U.S. Agency MBS include private label MBS of approximately $13.6 million and $14.4 million at March 31, 2013 and December 31, 2012, respectively, which are supported by FHA/VA collateral.

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents the contractual maturities of investment securities at March 31, 2013 (dollars in thousands):

	Available-for-sale				Held-to-maturity
	Amortized		Estimated		Amortized		Estimated
	cost		fair value		cost		fair value
Due in one year or less	$	-	$	-	$	315	$	317
Due after one year through three years		56		55		707		746
Due after three years through five years		10		10		-		-
Due after five years through ten years		48,408		48,263		-		-
Due after ten years		178,650		183,822		-		-
Mutual fund		492		522		-		-
Tax credit investments		-		-		784		784
	$	227,616	$	232,672	$	1,806	$	1,847

Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Table Text Block]

The following table presents the fair value and gross unrealized losses of the Bank’s investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2013 and December 31, 2012 (dollars in thousands):

	Less than 12 months				12 months or more				Total
	Estimated  fair value		Unrealized losses		Estimated  fair value		Unrealized losses		Estimated  fair value		Unrealized losses
March 31, 2013
U.S. Agency MBS	$	46,579	$	481	$	3,175	$	147	$	49,754	$	628
Non-Agency MBS		3,559		17		254		-		3,813		17
U.S. Agency asset-backed securities		-		-		2,658		118		2,658		118
	$	50,138	$	498	$	6,087	$	265	$	56,225	$	763
December 31, 2012
U.S. Agency MBS	$	34,114	$	43	$	12,718	$	209	$	46,832	$	252
U.S. Agency asset-backed securities		-		-		2,750		118		2,750		118
	$	34,114	$	43	$	15,468	$	327	$	49,582	$	370