Securities (Tables)

12 Months Ended

Dec. 31, 2012

Securities Tables

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
	Cost		Gains		Losses		Value
December 31, 2012
Securities available for sale
U.S. Treasury securities and obligations of
U.S. government corporations and agencies	$	9,998	$	29	$	0	$	10,027
U.S. agency issued residential mortgage-backed securities		13,550		847		0		14,397
U.S. agency issued residential collateralized mortgage obligations		44,544		749		50		45,243
Privately issued residential collateralized mortgage obligations		168		5		0		173
Nonrated commercial paper		5,500		0		0		5,500
Other equity securities		47		0		0		47
Totals	$	73,807	$	1,630	$	50	$	75,387
Securities held to maturity
Obligations of states and political subdivisions	$	67,915	$	2,581	$	41	$	70,455
Nonrated trust preferred securities		1,505		60		66		1,499
Nonrated senior subordinated notes		402		8		0		410
Totals	$	69,822	$	2,649	$	107	$	72,364
December 31, 2011
Securities available for sale
U.S. Treasury securities and obligations of
U.S. government corporations and agencies	$	501	$	17	$	0	$	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		0		429
Other equity securities		47		0		0		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		0		409
Totals	$	49,294	$	1,682	$	225	$	50,751

Securities in an Unrealized Loss position

The following table indicates the number of months securities that are considered to be temporarily impaired have been in an unrealized loss position at December 31:

	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
2012
Securities available for sale
U.S. agency issued residential
collateralized mortgage obligations	$	8,130	$	50	$	0	$	0	$	8,130	$	50
Securities held to maturity
Obligations of states and political subdivisions	$	5,639	$	41	$	0	$	0	$	5,639	$	41
Nonrated trust preferred securities		316		66		0		0		316		66
Totals	$	5,955	$	107	$	0	$	0	$	5,955	$	107
2011
Securities available for sale
U.S. agency issued residential
mortgage backed securities	$	2,441	$	6	$	0	$	0	$	2,441	$	6
U.S. agency issued residential
collateralized mortgage obligations		1,300		7		0		0		1,300		7
Totals	$	3,741	$	13	$	0	$	0	$	3,741	$	13
Securities held to maturity
Obligations of states and political subdivisions	$	156	$	1	$	1,138	$	29	$	1,294	$	30
Nonrated trust preferred securities		0		0		450		195		450		195
Totals	$	156	$	1	$	1,588	$	224	$	1,744	$	225

Schedule of maturity of debt securities and nonrated trust preferred securities

The amortized cost and estimated fair value of debt securities and nonrated trust preferred securities and senior subordinated notes at December 31, 2012, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available for Sale				Held to Maturity
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	5,500	$	5,500	$	3,897	$	3,908
Due after one year through five years		9,998		10,027		21,851		22,287
Due after five years through ten years		0		0		40,084		42,129
Due after ten years		0		0		3,990		4,040
Subtotals		15,498		15,527		69,822		72,364
Mortgage-backed securities and collateralized mortgage obligations		58,262		59,813		0		0
Totals	$	73,760	$	75,340	$	69,822	$	72,364

Schedule of amortization of unrealized gain on securities

Scheduled amortization at December 31, 2012, of the remaining unrealized gain is as follows:

2013	$	396
2014		335
2015		274
2016		194
2017		115
Thereafter		112
Total	$	1,426