Investment Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investment Securities [Abstract]

Unrealized Gain (Loss) on Investments

At September 30, 2014 and December 31, 2013, amortized cost, fair value, and unrealized gains and losses on investment securities are as follows:

(Dollars in thousands)	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
September 30, 2014
available-for-sale securities:
U.S. Treasury and U.S. government agencies	$	26,350	$	586	$	71	$	26,865
Mortgage-backed U.S. government agencies		40,617		314		252		40,679
State and political subdivision obligations		77,425		1,999		434		78,990
Equity securities		1,583		42		25		1,600
	$	145,975	$	2,941	$	782	$	148,134

(Dollars in thousands)	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
December 31, 2013
available-for-sale securities:
U.S. Treasury and U.S. government agencies	$	12,134	$	700	$	-	$	12,834
Mortgage-backed U.S. government agencies		39,481		349		438		39,392
State and political subdivision obligations		70,770		744		2,476		69,038
Equity securities		1,550		20		31		1,539
	$	123,935	$	1,813	$	2,945	$	122,803

Schedule of Fair Value and Unrealized Loss on Investments in a Continuous Unrealized Loss Position

The following table presents gross unrealized losses and fair value of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2014 and December 31, 2013.

(Dollars in thousands)		Less Than 12 Months				12 Months or More				Total
	Number of	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
September 30, 2014	Securities	Value		Losses		Value		Losses		Value		Losses
available-for-sale securities:
U.S. Treasury and U.S. government agencies	8	$	10,488	$	71	$	-	$	-	$	10,488	$	71
Mortgage-backed U.S. government agencies	22		11,367		71		5,395		181		16,762		252
State and political subdivision obligations	39		1,820		19		17,808		415		19,628		434
Equity securities	2		-		-		583		25		583		25
Total temporarily impaired
available-for-sale securities	71	$	23,675	$	161	$	23,786	$	621	$	47,461	$	782

(Dollars in thousands)		Less Than 12 Months				12 Months or More				Total
	Number of	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
December 31, 2013	Securities	Value		Losses		Value		Losses		Value		Losses
available-for-sale securities:
Mortgage-backed U.S. government agencies	29	$	9,799	$	182	$	9,866	$	256	$	19,665	$	438
State and political subdivision obligations	90		39,611		2,150		4,288		326		43,899		2,476
Equity securities	1		-		-		550		31		550		31
Total temporarily impaired
available-for-sale securities	120	$	49,410	$	2,332	$	14,704	$	613	$	64,114	$	2,945

Investments Classified by Contractual Maturity Date

(Dollars in thousands)	September 30, 2014
	Amortized		Fair
	Cost		Value
Due in 1 year or less	$	1,784	$	1,813
Due after 1 year but within 5 years		15,265		15,846
Due after 5 years but within 10 years		45,384		46,136
Due after 10 years		41,342		42,060
		103,775		105,855
Mortgage-backed securities		40,617		40,679
Equity securities		1,583		1,600
	$	145,975	$	148,134