v2.4.0.6
Securities (Tables)
9 Months Ended
Sep. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Fair Value of Available for Sale Securities and Related Gains and Losses Recognized in Accumulated Other Comprehensive Income or loss

The fair value of available-for-sale securities and the related gains and losses recognized in accumulated other comprehensive income (loss) was as follows (in thousands):

 

     Gross  Gross    
  Amortized  Unrealized  Unrealized  Fair 
Available-for-Sale Cost  Gains  Losses  Value 
September 30, 2012                
U.S. government, federal agencies and government sponsored enterprises $112,473  $1,313  $(23) $113,763 
U.S. government residential mortgage-backed  181,429   6,292   -   187,721 
Corporate  1,060   -   -   1,060 
  $294,962  $7,605  $(23) $302,544 

 

     Gross  Gross    
  Amortized  Unrealized  Unrealized  Fair 
  Cost  Gains  Losses  Value 
December 31, 2011                
U.S. government, federal agencies and government sponsored enterprises $168,104  $1,368  $(12) $169,460 
U.S. government residential mortgage-backed  148,329   3,727   (64)  151,992 
Corporate  1,060   -   -   1,060 
  $317,493  $5,095  $(76) $322,512 

 

Amortized Cost, Unrecognized Gains and Losses, and Fair Value of Securities Held to Maturity

The carrying amount, unrecognized gains and losses, and fair value of securities held-to-maturity were as follows (in thousands):

 

     Gross  Gross    
  Amortized  Unrecognized  Unrecognized  Fair 
Held-to-Maturity Cost  Gains  Losses  Value 
2012                
Municipal and other obligations $58,314  $2,169  $(108) $60,375 
                 
2011                
Municipal and other obligations $48,975  $1,693  $(25) $50,643 
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities and carrying amount, if different, at September 30, 2012 by contractual maturity were as follows (in thousands), with securities not due at a single maturity date, primarily mortgage-backed securities, shown separately.

 

  Available-for-Sale  Held-to-Maturity 
  Amortized  Fair  Amortized  Fair 
  Cost  Value  Cost  Value 
Due in one year or less $610  $616  $3,353  $3,368 
Due after one year through five years  51,409   52,076   29,592   30,780 
Due after five years through ten years  60,454   61,071   19,444   20,302 
Due after ten years  1,060   1,060   5,925   5,925 
U.S. Governmentagency mortgage-backed  181,429   187,721   -   - 
                 
  $294,962  $302,544  $58,314  $60,375 
Securities with Unrealized Losses Aggregated by Investment Category and Length of Time Individual Securities Have Been in Continuous Unrealized Loss Position

Securities with unrealized losses at September 30, 2012 and December 31, 2011, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows (in thousands):

 

  Less than 12 Months  12 Months or More  Total 
  Fair  Unrealized  Fair  Unrealized  Fair  Unrealized 
Description of Securities Value  Loss  Value  Loss  Value  Loss 
September 30, 2012                        
U.S. government, federal agencies and government sponsored enterprises $4,992  $(23) $-  $-  $4,992  $(23)
Municipal & other obligations  5,518   (108)  -   -   5,518   (18)
Total temporarily impaired $10,510  $(131) $-  $-  $10,510  $(131)
                         
December 31, 2011                        
U.S. government, federal agencies and government sponsored enterprises $18,734  $(12) $-  $-  $18,734  $(12)
U.S government residential mortgage-backed  36,707   (64)  -   -   36,707   (64)
Municipal & other obligations  3,225   (24)  388   (1)  3,613   (25)
Total temporarily impaired $58,666  $(100) $388  $(1) $59,054  $(101)