Investment Securities (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of amortized cost and fair values of the Company's investment securities, all of which are reported as available for sale

(dollar amounts in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized
As of December 31, 2012	Cost		Gains		Losses			Fair Value
Obligations of U.S. government agencies	$	7,307	$	262	$	(2	)	$	7,567
Mortgage backed securities
U.S. government sponsored entities and agencies	145,430		1,136		(798		)	145,768
Non-agency	43,402		1,578		(185		)	44,795
State and municipal securities	64,824		4,240		(96		)	68,968
Asset backed securities	20,049		568		(33		)	20,584

Total	$	281,012	$	7,784	$	(1,114	)	$	287,682

As of December 31, 2011
Obligations of U.S. government agencies	$	4,209	$	118	$	(1	)	$	4,326
Mortgage backed securities
U.S. government sponsored entities and agencies	116,732		890		(297		)	117,325
Non-agency	34,667		465		(600		)	34,532
State and municipal securities	49,661		2,262		-			51,923
Corporate debt securities	28,909		-		(2,053		)	26,856
Asset backed securities	2,059		-		(39		)	2,020

Total	$	236,237	$	3,735	$	(2,990	)	$	236,982

Schedule of roll forward of the OTTI balances against the investment securities for both credit loss and all other factor components

	December 31, 2012
			OTTI Related
	OTTI Related		to All Other			Total
(dollars in thousands)	to Credit Loss		Factors			OTTI
Balance, beginning of the period	$	109	$	361		$	470
Less: losses related to OTTI securities sold	-		-			-
Change in value attributable to other factors	-		(191		)	(191		)

Balance, end of the period	$	109	$	170		$	279

	December 31, 2011
				OTTI Related
	OTTI Related			to All Other			Total
(dollars in thousands)	to Credit Loss			Factors			OTTI
Balance, beginning of the period	$	534		$	943		$	1,477
Less: losses related to OTTI securities sold	(425		)	$	(518	)	(943		)
Change in value attributable to other factors	-			(64		)	(64		)

Balance, end of the period	$	109		$	361		$	470

Summary of investment securities in an unrealized loss position

	Securities In A Loss Position For
(dollar amounts in thousands)	Less Than Twelve Months					Twelve Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
As of December 31, 2012	Value		Loss			Value		Loss			Value		Loss
Obligations of U.S. government agencies	$	-	$	-		$	44	$	(2	)	$	44	$	(2	)
Mortgage backed securities
U.S. government sponsored entities and agencies	83,092		(798		)	-		-			83,092		(798		)
Non-agency	7,204		(15		)	719		(170		)	7,923		(185		)
State and municipal securities	9,813		(96		)	-		-			9,813		(96		)
Asset backed securities	9,828		(33		)	-		-			9,828		(33		)

Total	$	109,937	$	(942	)	$	763	$	(172	)	$	110,700	$	(1,114	)

As of December 31, 2011
Obligations of U.S. government agencies	$	-	$	-		$	89	$	(1	)	$	89	$	(1	)
Mortgage backed securities
U.S. government sponsored entities and agencies	39,895		(297		)	-		-			39,895		(297		)
Non-agency	17,396		(238		)	586		(361		)	17,982		(599		)
Corporate debt securities	26,857		(2,053		)	-		-			26,857		(2,053		)
Asset backed securities	2,020		(39		)	-		-			2,020		(39		)

Total	$	86,168	$	(2,627	)	$	675	$	(362	)	$	86,843	$	(2,989	)

Schedule of proceeds from the sales and calls of securities and the associated gains and losses


(dollar amounts in thousands)	2012			2011			2010
Proceeds	$	141,166		$	147,646		$	34,063
Gross gains	3,152			3,173			1,286
Gross losses	(533		)	(1,190		)	(503		)

Schedule of amortized cost and fair values maturities of available for sale investment securities

	2012				2011
	Amortized				Amortized
(dollar amounts in thousands)	Cost		Fair Value		Cost		Fair Value
Due one year or less	$	35,586	$	35,714	$	17,484	$	17,471
Due after one year through five years	97,899		99,522		144,941		144,107
Due after five years through ten years	99,138		103,595		63,070		64,383
Due after ten years	48,389		48,851		10,742		11,021

Total	$	281,012	$	287,682	$	236,237	$	236,982

Summary of earnings on both taxable and tax-exempt investment securities

	For the years ended
	December 31,
(dollar amounts in thousands)	2012		2011		2010
Taxable earnings on investment securities
Obligations of U.S. government agencies	$	105	$	190	$	32
Mortgage backed securities	3,776		4,288		5,200
State and municipal securities	191		497		161
Corporate debt securities	631		309		-
Asset backed securities	241		20		-
Non-taxable earnings on investment securities
State and municipal securities	1,952		1,490		1,146

Total	$	6,896	$	6,794	$	6,539

- Definition

Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized.

+ References+ Details

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

+ References+ Details