Securities (Tables)

12 Months Ended

Dec. 31, 2013

Securities Tables

Schedule of 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, 2013
Securities available for sale
U.S. Treasury securities and obligations of
U.S. government corporations and agencies	$	1,001	$	0	$	2	$	999
U.S. agency issued residential mortgage-backed securities		21,388		522		424		21,486
U.S. agency issued residential collateralized mortgage obligations		37,998		482		576		37,904
Privately issued residential collateralized mortgage obligations		102		3		0		105
Obligations of states and political subdivisions		159		0		0		159
Nonrated SBA loan fund		950		0		0		950
Other equity securities		47		0		0		47
Totals	$	61,645	$	1,007	$	1,002	$	61,650
Securities held to maturity
Obligations of states and political subdivisions	$	69,704	$	1,059	$	887	$	69,876
Nonrated trust preferred securities		1,524		30		165		1,389
Nonrated senior subordinated notes		401		6		0		407
Totals	$	71,629	$	1,095	$	1,052	$	71,672
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

Schedule of 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
2013
Securities available for sale
U.S. Treasury securities and obligations of
U.S. government corporations and agencies	$	999	$	2	$	0	$	0	$	999	$	2
U.S. agency issued residential
mortgage-backed securities		13,206		424		0		0		13,206		424
U.S. agency issued residential
collateralized mortgage obligations		14,179		334		5,830		242		20,009		576
Obligations of states and political subdivisions		159		0		0		0		159		0
Totals	$	28,543	$	760	$	5,830	$	242	$	34,373	$	1,002
Securities held to maturity
Obligations of states and political subdivisions	$	23,017	$	806	$	1,073	$	81	$	24,090	$	887
Nonrated trust preferred securities		368		102		322		63		690		165
Totals	$	23,385	$	908	$	1,395	$	144	$	24,780	$	1,052
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

Schedule of amortized cost and estimated fair value of debt securities and nonrated trust preferred securities by contractual maturity

The amortized cost and estimated fair value of debt securities and nonrated trust preferred securities and senior subordinated notes at December 31, 2013, by contractual maturity, are shown below.

	Available for Sale				Held to Maturity
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	0	$	0	$	3,312	$	3,322
Due after one year through five years		1,001		999		22,177		22,564
Due after five years through ten years		0		0		39,678		39,728
Due after ten years		159		159		6,462		6,058
Subtotals		1,160		1,158		71,629		71,672
Mortgage-backed securities and collateralized mortgage obligations		59,488		59,495		0		0
Totals	$	60,648	$	60,653	$	71,629	$	71,672

Schedule of amortization of unrealized gain on securities

Scheduled amortization at December 31, 2013, of the remaining unrealized gain is as follows:

2014	$	335
2015		274
2016		194
2017		115
2018		68
Thereafter		44
Total	$	1,030