SECURITIES (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Amortized cost and estimated fair value of investment securities

 The amortized cost and estimated fair value of investment securities are as follows:

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
June 30, 2012	Cost		Gains		Losses		Value
Securities available for sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	32,519	$	33	$	2	$	32,550
U.S. agency issued residential mortgage-backed securities		17,194		982		—		18,176
U.S. agency issued residential collateralized mortgage obligations		41,755		784		40		42,499
Privately issued residential collateralized mortgage obligations		284		9		—		293
Other equity securities		47		—		—		47
Totals	$	91,799	$	1,808	$	42	$	93,565
Securities held to maturity
Obligations of states and political subdivisions	$	66,125	$	2,206	$	18	$	68,313
Nonrated trust preferred securities		1,496		35		105		1,426
Nonrated senior subordinated notes		403		2		—		405
Bankers’ acceptances		2,419		—		—		2,419
Totals	$	70,443	$	2,243	$	123	$	72,563

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
December 31, 2011	Cost		Gains		Losses		Value
Securities available for sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	501	$	17	$	—	$	518
U.S. agency issued residential mortgage-backed securities		18,754		1,068		6		19,816
U.S. agency issued residential collateralized mortgage obligations		37,774		806		7		38,573
Privately issued residential collateralized mortgage obligations		418		11		—		429
Other equity securities		47		—		—		47
Totals	$	57,494	$	1,902	$	13	$	59,383
Securities held to maturity
Obligations of states and political subdivisions	$	47,404	$	1,636	$	30	$	49,010
Nonrated trust preferred securities		1,487		40		195		1,332
Nonrated senior subordinated notes		403		6		—		409
Totals	$	49,294	$	1,682	$	225	$	50,751