Securities (Tables)

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Held to maturity securities

Amortized costs and fair values of securities being held to maturity as of December 31, 2014 are summarized as follows. There were no securities held to maturity as of December 31, 2013.

	December 31, 2014
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Held to Maturity
Obligations of states and political subdivisions	$	1,500	$	—	$	(103	)	$	1,397
Total	$	1,500	$	—	$	(103	)	$	1,397

The amortized cost and fair value of securities being held to maturity as of December 31, 2014, by contractual maturity are shown below. 

	December 31, 2014
(Dollars in thousands)	Amortized Cost		Fair Value
Held to Maturity
Due after ten years	$	1,500	$	1,397
Total	$	1,500	$	1,397

Amortized costs and fair values of securities available for sale

Amortized costs and fair values of securities available for sale as of December 31, 2014 and 2013, are summarized as follows:

	December 31, 2014
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for Sale
U.S. government agencies	$	41,317	$	283	$	(203	)	$	41,397
Obligations of states and political subdivisions	55,541		2,408		(209		)	57,740
Mortgage-backed securities:
Agency	169,257		4,698		(742		)	173,213
Non-agency	28,235		115		(227		)	28,123
Other asset backed securities	31,338		433		(58		)	31,713
Corporate securities	16,545		131		(599		)	16,077
Total	$	342,233	$	8,068	$	(2,038	)	$	348,263

	December 31, 2013
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for Sale
U.S. government agencies	$	21,367	$	304	$	(332	)	$	21,339
Obligations of states and political subdivisions	68,904		1,083		(2,749		)	67,238
Mortgage-backed securities:
Agency	166,095		3,539		(1,624		)	168,010
Non-agency	22,029		116		(211		)	21,934
Other asset backed securities	33,883		710		(175		)	34,418
Corporate preferred stock	69		5		—			74
Corporate securities	15,680		58		(328		)	15,410
Total	$	328,027	$	5,815	$	(5,419	)	$	328,423

Amortized cost and fair value of securities available for sale by contractual maturity

Therefore, these securities are not included in the maturity categories in the following maturity summary.

	December 31, 2014
(Dollars in thousands)	Amortized Cost		Fair Value
Available for Sale
Due in one year or less	$	3,801	$	3,838
Due after one year through five years	48,256		50,105
Due after five years through ten years	42,227		42,035
Due after ten years	19,119		19,236
Mortgage-backed securities	197,492		201,336
Other asset backed securities	31,338		31,713
Total	$	342,233	$	348,263

Investments in continuous unrealized loss position

At December 31, 2014 and 2013, investments in an unrealized loss position that are temporarily impaired are as follows:

(Dollars in thousands)	Less than Twelve Months					Twelve Months or Greater					Total
2014	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Held to Maturity
Obligations of states and political subdivisions	$	1,397	$	(103	)	$	—	$	—		$	1,397	$	(103	)
Total	$	1,397	$	(103	)	$	—	$	—		$	1,397	$	(103	)
Available for Sale
U.S. government agencies	$	15,331	$	(65	)	$	5,833	$	(138	)	$	21,164	$	(203	)
Obligations of states and political subdivisions	2,780		(14		)	3,456		(195		)	6,236		(209		)
Mortgage-backed securities:
Agency	28,065		(327		)	11,027		(415		)	39,092		(742		)
Non-agency	15,488		(167		)	4,730		(60		)	20,218		(227		)
Other asset backed securities	6,594		(45		)	1,077		(13		)	7,671		(58		)
Corporate securities	9,192		(391		)	792		(208		)	9,984		(599		)
Total	$	77,450	$	(1,009	)	$	26,915	$	(1,029	)	$	104,365	$	(2,038	)

(Dollars in thousands)	Less than Twelve Months					Twelve Months or Greater					Total
2013	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available for Sale
U.S. government agencies	$	10,218	$	(273	)	$	1,416	$	(59	)	$	11,634	$	(332	)
Obligations of states and political subdivisions	24,568		(2,539		)	1,798		(210		)	26,366		(2,749		)
Mortgage-backed securities:
Agency	50,048		(1,264		)	8,228		(360		)	58,276		(1,624		)
Non-agency	14,505		(152		)	1,351		(59		)	15,856		(211		)
Other asset backed securities	1,585		(39		)	2,187		(136		)	3,772		(175		)
Corporate preferred stock	—		—			—		—			—		—
Corporate securities	6,247		(274		)	4,446		(54		)	10,693		(328		)
Total	$	107,171	$	(4,541	)	$	19,426	$	(878	)	$	126,597	$	(5,419	)