Securities (Tables)
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6 Months Ended |
Jun. 30, 2013
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Investments, Debt and Equity Securities [Abstract] |
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Available-for-sale Securities [Table Text Block] |
The 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: | | | | Gross | | Gross | | Estimated | | (Dollars in thousands) | | Cost | | Unrealized | | Unrealized | | Fair | | | | Basis | | Gains | | Losses | | Value | | June 30, 2013 | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 20,498 | | $ | 5 | | $ | (588) | | $ | 19,915 | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 96,403 | | | 1,568 | | | (1,015) | | | 96,956 | | Municipal securities | | | 65,656 | | | 2,019 | | | (1,471) | | | 66,204 | | Collateralized debt obligations | | | 5,208 | | | - | | | (3,492) | | | 1,716 | | Total securities available-for-sale | | $ | 187,765 | | $ | 3,592 | | $ | (6,566) | | $ | 184,791 | | | | | | | | | | | | | | | | December 31, 2012 | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 23,009 | | $ | 94 | | $ | (7) | | $ | 23,096 | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 96,782 | | | 3,147 | | | (15) | | | 99,914 | | Municipal securities | | | 58,946 | | | 4,155 | | | (28) | | | 63,073 | | Collateralized debt obligations | | | 5,208 | | | - | | | (3,816) | | | 1,392 | | Total securities available-for-sale | | $ | 183,945 | | $ | 7,396 | | $ | (3,866) | | $ | 187,475 | |
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Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block] |
The fair value of available-for-sale debt securities and carrying amount, if different, at June 30, 2013 by contractual maturity, were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. | | Available-for-sale | | (Dollars in thousands) | | Estimated | | | | | | Fair | | Tax-Equivalent | | June 30, 2013 | | Value | | Yield (%) | | Due in one year or less | | $ | 315 | | | 6.89 | | Due from one to five years | | | 13,378 | | | 2.98 | | Due from five to ten years | | | 36,447 | | | 4.32 | | Due over ten years | | | 37,695 | | | 4.48 | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 96,956 | | | 2.74 | | Total | | $ | 184,791 | | | 3.43 | |
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Schedule of Realized Gain (Loss) [Table Text Block] |
Sales of available-for-sale securities were as follows for the six months ended: | | June 30, | | June 30, | | (Dollars in thousands) | | 2013 | | 2012 | | | | | | | | | | Proceeds | | $ | 12,475 | | $ | 13,283 | | Gross gains | | | 444 | | | 617 | | Gross losses | | | - | | | - | |
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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) | | Beginning balance, December 31, 2012 | | $ | 2,284 | | Current period change | | | (4,276) | | Ending balance, June 30, 2013 | | $ | (1,992) | |
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Unrealized Gain (Loss) on Investments [Table Text Block] |
Securities with unrealized losses at June 30, 2013 and December 31, 2012 not recognized in income are as follows: | | Less than 12 months | | 12 months or longer | | Total | | | | Estimated | | | | Estimated | | | | Estimated | | | | (Dollars in thousands) | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | June 30, 2013 | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 18,410 | | $ | (588) | | $ | - | | $ | - | | $ | 18,410 | | $ | (588) | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 43,566 | | | (1,015) | | | - | | | - | | | 43,566 | | | (1,015) | | Municipal securities | | | 24,159 | | | (1,471) | | | - | | | - | | | 24,159 | | | (1,471) | | Collateralized debt obligations | | | - | | | - | | | 1,716 | | | (3,492) | | | 1,716 | | | (3,492) | | Total temporarily impaired | | $ | 86,135 | | $ | (3,074) | | $ | 1,716 | | $ | (3,492) | | $ | 87,851 | | $ | (6,566) | | Number of securities | | | | | | 103 | | | | | | 4 | | | | | | 107 | | | | Less than 12 months | | 12 months or longer | | Total | | | | Estimated | | | | Estimated | | | | Estimated | | | | (Dollars in thousands) | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | | Value | | Losses | | Value | | Losses | | Value | | Losses | | December 31, 2012 | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 3,492 | | $ | (7) | | $ | - | | $ | - | | $ | 3,492 | | $ | (7) | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 2,294 | | | (15) | | | - | | | - | | | 2,294 | | | (15) | | Municipal securities | | | 3,330 | | | (28) | | | - | | | - | | | 3,330 | | | (28) | | Collateralized debt obligations | | | - | | | - | | | 1,392 | | | (3,816) | | | 1,392 | | | (3,816) | | Total temporarily impaired | | $ | 9,116 | | $ | (50) | | $ | 1,392 | | $ | (3,816) | | $ | 10,508 | | $ | (3,866) | | Number of securities | | | | | | 14 | | | | | | 4 | | | | | | 18 | |
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