Securities (Tables)

12 Months Ended

Dec. 31, 2012

Securities [Abstract]

Amortized costs and fair values of securities available for sale

Amortized costs and fair values of securities available for sale as of December 31, 2012 and 2011, are summarized as follows:

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
Available for Sale
U.S. government agencies	$	15,391	$	459	$	(28	)	$	15,822
Obligations of states and political subdivisions	74,485		3,920		(105		)	78,300
Mortgage-backed securities:
Agency	161,564		5,659		(280		)	166,943
Non-agency	15,310		287		(18		)	15,579
Other Asset Backed Securities	33,648		1,079		(85		)	34,642
Corporate preferred stock	68		—		(6		)	62
Corporate securities	8,730		12		(633		)	8,109
Total	$	309,196	$	11,416	$	(1,155	)	$	319,457

	December 31, 2011
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
Available for Sale
U.S. government agencies	$	9,068	$	293	$	(18	)	$	9,343
Obligations of states and political subdivisions	65,090		2,503		(51		)	67,542
Mortgage-backed securities:
Agency	181,797		5,482		(209		)	187,070
Non-agency	18,737		67		(598		)	18,206
Other Asset Backed Securities	16,110		90		(404		)	15,796
Corporate preferred stock	68		—		(28		)	40
Corporate securities	10,612		5		(641		)	9,976
Trust-preferred securities	497		—		(228		)	269
Total	$	301,979	$	8,440	$	(2,177	)	$	308,242

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

The amortized cost and fair value of securities available for sale as of December 31, 2012, by contractual maturity are shown below. Maturities may differ from contractual maturities in corporate and mortgage-backed securities because the securities and mortgages underlying the securities may be called or repaid without any penalties. Therefore, these securities are not included in the maturity categories in the following maturity summary.

	December 31, 2012
	Amortized Cost		Fair Value
	(In Thousands)
Due in one year or less	$	4,049	$	4,101
Due after one year through five years	26,597		26,890
Due after five years through ten years	33,651		35,603
Due after ten years	34,309		35,637
Mortgage-backed securities	176,874		182,522
Other Asset Backed Securities	33,648		34,642
Corporate preferred stock	68		62
Total	$	309,196	$	319,457

Investments in continuous unrealized loss position

At December 31, 2012 and 2011, investments in an unrealized loss position that are temporarily impaired are as follows (in thousands):

	2012
	Less than Twelve Months					Twelve Months or Greater					Total
2012	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government agencies	$	3,850	$	(28	)	$	16	$	—		$	3,866	$	(28	)
Obligations of states and political subdivisions	6,966		(105		)	—		—			6,966		(105		)
Mortgage backed securities:
Agency	24,344		(234		)	1,241		(46		)	25,585		(280		)
Non-agency	3,295		(18		)	—		—			3,295		(18		)
Other Asset Backed Securities	2,791		(57		)	1,418		(28		)	4,209		(85		)
Corporate preferred stock	—		—			33		(6		)	33		(6		)
Corporate securities	—		—			6,867		(633		)	6,867		(633		)
Total	$	41,246	$	(442	)	$	9,575	$	(713	)	$	50,821	$	(1,155	)

	2011
	Less than Twelve Months					Twelve Months or Greater					Total
2011	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government agencies	$	2,045	$	(18	)	$	26	$	—		$	2,071	$	(18	)
Obligations of states and political subdivisions	43		—			2,243		(51		)	2,286		(51		)
Mortgage backed securities:
Agency	22,768		(209		)	—		—			22,768		(209		)
Non-agency	4,773		(103		)	4,522		(495		)	9,295		(598		)
Other Asset Backed Securities	10,572		(362		)	1,467		(42		)	12,039		(404		)
Corporate preferred stock	—		—			11		(28		)	11		(28		)
Corporate securities	7,775		(227		)	2,057		(414		)	9,832		(641		)
Trust-preferred securities	—		—			269		(228		)	269		(228		)
Total	$	47,976	$	(919	)	$	10,595	$	(1,258	)	$	58,571	$	(2,177	)