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Securities (Tables)
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9 Months Ended |
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Sep. 30, 2014
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| Investments, Debt and Equity Securities [Abstract] |
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| 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: | | | | | Gross | | Gross | | Estimated | | | (Dollars in thousands) | | Cost | | Unrealized | | Unrealized | | Fair | | | | | Basis | | Gains | | Losses | | Value | | | September 30, 2014 | | | | | | | | | | | | | | | Money market fund | | $ | 187 | | $ | - | | $ | - | | $ | 187 | | | U.S. government sponsored entities | | | 12,500 | | | - | | | (196) | | | 12,304 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 117,794 | | | 1,192 | | | (824) | | | 118,162 | | | Municipal securities | | | 80,000 | | | 3,559 | | | (167) | | | 83,392 | | | Collateralized debt obligations | | | 5,208 | | | - | | | (2,777) | | | 2,431 | | | Total securities available-for-sale | | $ | 215,689 | | $ | 4,751 | | $ | (3,964) | | $ | 216,476 | | | | | | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 18,997 | | $ | - | | $ | (637) | | $ | 18,360 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 101,056 | | | 1,181 | | | (1,922) | | | 100,315 | | | Municipal securities | | | 73,864 | | | 1,499 | | | (1,710) | | | 73,653 | | | Collateralized debt obligations | | | 5,208 | | | - | | | (3,240) | | | 1,968 | | | Total securities available-for-sale | | $ | 199,125 | | $ | 2,680 | | $ | (7,509) | | $ | 194,296 | |
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| Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block] |
The estimated fair value of available-for-sale debt securities at September 30, 2014, 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 | | | September 30, 2014 | | Value | | Yield (%) | | | Due in one year or less | | $ | 1,934 | | | 6.64 | | | Due from one to five years | | | 17,324 | | | 2.83 | | | Due from five to ten years | | | 24,021 | | | 5.62 | | | Due over ten years | | | 55,035 | | | 4.68 | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 118,162 | | | 2.65 | | | Total | | $ | 216,476 | | | 3.55 | |
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| Schedule of Realized Gain (Loss) [Table Text Block] |
Sales of available-for-sale securities were as follows for the nine months ended: | | | September 30, | | September 30, | | | (Dollars in thousands) | | 2014 | | 2013 | | | | | | | | | | | | Proceeds | | $ | 29,451 | | $ | 24,484 | | | Gross gains | | | 791 | | | 600 | | | Gross losses | | | (271) | | | (60) | |
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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, 2013 | | $ | (3,209) | | | Current period change | | | 3,710 | | | Ending balance, September 30, 2014 | | $ | 501 | |
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| Unrealized Gain (Loss) on Investments [Table Text Block] |
Securities with unrealized losses at September 30, 2014 and December 31, 2013 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 | | | September 30, 2014 | | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 990 | | $ | (10) | | $ | 11,314 | | $ | (186) | | $ | 12,304 | | $ | (196) | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 15,829 | | | (113) | | | 29,049 | | | (711) | | | 44,878 | | | (824) | | | Municipal securities | | | 1,222 | | | (4) | | | 8,048 | | | (163) | | | 9,270 | | | (167) | | | Collateralized debt obligations | | | - | | | - | | | 2,431 | | | (2,777) | | | 2,431 | | | (2,777) | | | Total temporarily impaired | | $ | 18,041 | | $ | (127) | | $ | 50,842 | | $ | (3,837) | | $ | 68,883 | | $ | (3,964) | | | Number of securities | | | | | | 15 | | | | | | 51 | | | | | | 66 | | | | | 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, 2013 | | | | | | | | | | | | | | | | | | | | | U.S. government sponsored entities | | $ | 18,360 | | $ | (637) | | $ | - | | $ | - | | $ | 18,360 | | $ | (637) | | | Collateralized mortgage obligations and residential mortgage-backed securities | | | 62,748 | | | (1,922) | | | - | | | - | | | 62,748 | | | (1,922) | | | Municipal securities | | | 27,890 | | | (1,571) | | | 1,478 | | | (139) | | | 29,368 | | | (1,710) | | | Collateralized debt obligations | | | - | | | - | | | 1,968 | | | (3,240) | | | 1,968 | | | (3,240) | | | Total temporarily impaired | | $ | 108,998 | | $ | (4,130) | | $ | 3,446 | | $ | (3,379) | | $ | 112,444 | | $ | (7,509) | | | Number of securities | | | | | | 117 | | | | | | 8 | | | | | | 125 | |
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