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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2013

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
September 30, 2013	Cost		Gains		Losses			Fair Value
Obligations of U.S. government agencies	$	7,738	$	37	$	(47	)	$	7,728
Mortgage backed securities
U.S. government sponsored entities and agencies	178,856		446		(3,870		)	175,432
Non-agency	13,266		168		(44		)	13,390
State and municipal securities	45,333		385		(1,658		)	44,060
Asset backed securities	26,936		-		(367		)	26,569

Total	$	272,129	$	1,036	$	(5,986	)	$	267,179

December 31, 2012
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

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

	For the Three Months Ended September 30, 2013						For the Three Months Ended September 30, 2012
			OTTI Related						OTTI Related
	OTTI Related		to All Other		Total		OTTI Related		to All Other			Total
(dollars in thousands)	to Credit Loss		Factors		OTTI		to Credit Loss		Factors			OTTI
Balance, beginning of the period	$	-	$	-	$	-	$	109	$	283		$	392
Change in value attributable to other factors	-		-		-		-		(140		)	(140		)

Balance, end of the period	$	-	$	-	$	-	$	109	$	143		$	252

	For the Nine Months Ended September 30, 2013									For the Nine Months Ended September 30, 2012
				OTTI Related								OTTI Related
	OTTI Related			to All Other			Total			OTTI Related		to All Other			Total
(dollars in thousands)	to Credit Loss			Factors			OTTI			to Credit Loss		Factors			OTTI
Balance, beginning of the period	$	109		$	170		$	279		$	109	$	361		$	470
Less: losses related to OTTI securities sold	(109		)	(170		)	(279		)	-		-			-
Change in value attributable to other factors	-			-			-			-		(218		)	(218		)

Balance, end of the period	$	-		$	-		$	-		$	109	$	143		$	252

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
September 30, 2013	Value		Loss			Value		Loss			Value		Loss
Obligations of U.S. government agencies	$	3,100	$	(46	)	$	41	$	(1	)	$	3,141	$	(47	)
Mortgage backed securities
U.S. government sponsored entities and agencies	111,209		(3,566		)	5,749		(304		)	116,958		(3,870		)
Non-agency	1,218		(44		)	-		-			1,218		(44		)
State and municipal securities	25,638		(1,658		)	-		-			25,638		(1,658		)
Asset backed securities	17,700		(367		)	-		-			17,700		(367		)

Total	$	158,865	$	(5,681	)	$	5,790	$	(305	)	$	164,655	$	(5,986	)

December 31, 2012
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	)

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

	For the Three Months						For the Nine Months
	Ended September 30,						Ended September 30,
(dollar amounts in thousands)	2013			2012			2013			2012
Proceeds	$	38,930		$	41,899		$	144,571		$	95,789
Gross gains	970			448			5,349			2,160
Gross losses	(626		)	(119		)	(1,414		)	(464		)

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

(dollar amounts in thousands)
September 30, 2013	One Year Or Less		Over 1 Through 5 Years		Over 5 Years Through 10 Years		Over 10 Years		Total
Obligations of U.S. government agencies	$	100	$	3,481	$	1,729	$	2,418	$	7,728
Mortgage backed securities
U.S. government sponsored entities and agencies	24,910		75,551		29,616		45,355		175,432
Non-agency	5,426		6,443		1,521		-		13,390
State and municipal securities	40		6,516		34,300		3,204		44,060
Asset backed securities	-		-		14,569		12,000		26,569
Total available for sale securities	$	30,476	$	91,991	$	81,735	$	62,977	$	267,179

Amortized cost	$	30,658	$	93,028	$	83,805	$	64,638	$	272,129

Weighted average yield	2.35%		2.26%		2.54%		2.67%		2.45%

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

	For The Three Months				For The Nine Months
	Ended September 30,				Ended September 30,
(dollar amounts in thousands)	2013		2012		2013		2012
Taxable earnings on investment securities
Obligations of U.S. government agencies	$	33	$	25	$	86	$	79
Mortgage backed securities	847		973		2,470		2,971
State and municipal securities	-		5		5		183
Corporate debt securities	-		181		-		504
Asset backed securities	113		72		350		146
Non-taxable earnings on investment securities
State and municipal securities	354		527		1,082		1,428

Total	$	1,347	$	1,783	$	3,993	$	5,311

- 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.

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- 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.

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