Securities (Tables)
|
6 Months Ended |
Jun. 30, 2015 |
|---|
| Investments, Debt and Equity Securities [Abstract] |
|
| Available-for-sale Securities [Table Text Block] |
The estimated fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:
| | | (Dollars in thousands) | | | | | | | | Gross | | Gross | | Estimated | | | | | Cost | | Unrealized | | Unrealized | | Fair | | | | | Basis | | Gains | | Losses | | Value | | | June 30, 2015 | | | | | | | | | | | | | | | Money market fund | | $ | 2,097 | | $ | - | | $ | - | | $ | 2,097 | | | U.S. government sponsored entities | | | 15,249 | | | 5 | | | (49) | | | 15,205 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 114,755 | | | 1,081 | | | (521) | | | 115,315 | | | Municipal securities | | | 90,175 | | | 2,515 | | | (579) | | | 92,111 | | | Collateralized debt obligations | | | 5,096 | | | - | | | (2,474) | | | 2,622 | | | Total securities available-for-sale | | $ | 227,372 | | $ | 3,601 | | $ | (3,623) | | $ | 227,350 | | | | | (Dollars in thousands) | | | | | | | Gross | | Gross | | Estimated | | | | | Cost | | Unrealized | | Unrealized | | Fair | | | | | Basis | | Gains | | Losses | | Value | | | December 31, 2014 | | | | | | | | | | | | | | | Money market fund | | $ | 6,453 | | $ | - | | $ | - | | $ | 6,453 | | | U.S. government sponsored entities | | | 13,000 | | | 2 | | | (133) | | | 12,869 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 116,088 | | | 1,870 | | | (384) | | | 117,574 | | | Municipal securities | | | 76,989 | | | 3,749 | | | (13) | | | 80,725 | | | Collateralized debt obligations | | | 5,141 | | | - | | | (2,709) | | | 2,432 | | | Total securities available-for-sale | | $ | 217,671 | | $ | 5,621 | | $ | (3,239) | | $ | 220,053 | |
|
| Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block] |
The estimated fair value of available-for-sale debt securities at June 30, 2015, by contractual maturity, were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.
| | | (Dollars in thousands) | | | | | Available-for-sale | | | | | Estimated | | | | | | | | | Fair | | | Tax-Equivalent | | | June 30, 2015 | | Value | | | Yield (%) | | | Due in one year or less | | $ | 3,168 | | | | 6.65 | | | Due from one to five years | | | 19,348 | | | | 2.34 | | | Due from five to ten years | | | 21,581 | | | | 6.00 | | | Due over ten years | | | 67,938 | | | | 4.52 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 115,315 | | | | 2.59 | | | Total | | $ | 227,350 | | | | 3.53 | |
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
Sales of available-for-sale securities were as follows for the six months ended:
| | | (Dollars in thousands) | | | | | June 30, | | June 30, | | | | | 2015 | | 2014 | | | | | | | | | | | | Proceeds | | $ | 19,183 | | $ | 28,737 | | | Gross gains | | | 532 | | | 728 | | | Gross losses | | | (2) | | | (271) | |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
Accumulated other comprehensive income/(loss) balances, net of tax, related to available-for-sale securities, were as follows:
| | | (Dollars in thousands) | | | | | Unrealized
gain/(loss) | | | Ending balance, December 31, 2014 | | $ | 1,556 | | | Current period change | | | (1,582) | | | Ending balance, June 30, 2015 | | $ | (26) | |
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
Securities with gross unrealized losses at June 30, 2015 and December 31, 2014 not recognized in income are as follows:
| | | (Dollars in thousands) | | | | | Less than 12 months | | 12 months or longer | | Total | | | | | Estimated | | Gross | | Estimated | | Gross | | Estimated | | Gross | | | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | June 30, 2015 | | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 4,976 | | $ | (24) | | $ | 3,975 | | $ | (25) | | $ | 8,951 | | $ | (49) | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 43,061 | | | (284) | | | 8,816 | | | (237) | | | 51,877 | | | (521) | | | Municipal securities | | | 24,902 | | | (579) | | | - | | | - | | | 24,902 | | | (579) | | | Collateralized debt obligations | | | - | | | - | | | 2,622 | | | (2,474) | | | 2,622 | | | (2,474) | | | Total temporarily impaired | | $ | 72,939 | | $ | (887) | | $ | 15,413 | | $ | (2,736) | | $ | 88,352 | | $ | (3,623) | | | Number of securities | | | | | | 79 | | | | | | 15 | | | | | | 94 | | | | | (Dollars in thousands) | | | | | Less than 12 months | | 12 months or longer | | Total | | | | | Estimated | | Gross | | Estimated | | Gross | | Estimated | | Gross | | | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | | December 31, 2014 | | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 1,496 | | $ | (4) | | $ | 10,371 | | $ | (129) | | $ | 11,867 | | $ | (133) | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 8,169 | | | (40) | | | 14,486 | | | (344) | | | 22,655 | | | (384) | | | Municipal securities | | | 687 | | | (3) | | | 1,459 | | | (10) | | | 2,146 | | | (13) | | | Collateralized debt obligations | | | - | | | - | | | 2,432 | | | (2,709) | | | 2,432 | | | (2,709) | | | Total temporarily impaired | | $ | 10,352 | | $ | (47) | | $ | 28,748 | | $ | (3,192) | | $ | 39,100 | | $ | (3,239) | | | Number of securities | | | | | | 9 | | | | | | 29 | | | | | | 38 | |
|