SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2012	Cost		Gains		Losses		Value
Securities available for sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	16,505	$	39	$	4	$	16,540
U.S. agency issued residential mortgage-backed securities		15,240		1,045		—		16,285
U.S. agency issued residential collateralized mortgage obligations		43,959		733		26		44,666
Privately issued residential collateralized mortgage obligations		187		7		—		194
Other equity securities		47		—		—		47
Totals	$	75,938	$	1,824	$	30	$	77,732
Securities held to maturity
Obligations of states and political subdivisions	$	66,827	$	2,707	$	30	$	69,504
Nonrated trust preferred securities		1,501		32		84		1,449
Nonrated senior subordinated notes		402		6		—		408
Totals	$	68,730	$	2,745	$	114	$	71,361

			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