|
DEBT SECURITIES (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
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| Text Block [Abstract] |
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| Amortized Cost and Fair Value of Available for Sale And Held to Maturity Securities |
The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2012 and 2011 are summarized as follows:
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|
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|
Gross |
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|
Gross |
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|
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Amortized |
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Unrealized |
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|
Unrealized |
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|
Market |
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| |
|
Cost |
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Gain |
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Loss |
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Value |
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|
(In Thousands) |
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Securities Available for Sale |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| U.S. Treasury and government sponsored agencies |
|
$ |
27,360 |
|
|
$ |
1,026 |
|
|
$ |
- |
|
|
$ |
28,386 |
|
| Mortgage-backed securities |
|
|
69,298 |
|
|
|
4,168 |
|
|
|
- |
|
|
|
73,466 |
|
| State and municipal securities |
|
|
112,319 |
|
|
|
5,941 |
|
|
|
(83 |
) |
|
|
118,177 |
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| Corporate debt |
|
|
13,677 |
|
|
|
210 |
|
|
|
(39 |
) |
|
|
13,848 |
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| Total |
|
|
222,654 |
|
|
|
11,345 |
|
|
|
(122 |
) |
|
|
233,877 |
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| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Mortgage-backed securities |
|
|
20,429 |
|
|
|
768 |
|
|
|
(40 |
) |
|
|
21,157 |
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| State and municipal securities |
|
|
5,538 |
|
|
|
655 |
|
|
|
- |
|
|
|
6,193 |
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| Total |
|
$ |
25,967 |
|
|
$ |
1,423 |
|
|
$ |
(40 |
) |
|
$ |
27,350 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| December 31, 2011 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| U.S. Treasury and government sponsored agencies |
|
$ |
98,169 |
|
|
$ |
1,512 |
|
|
$ |
(59 |
) |
|
$ |
99,622 |
|
| Mortgage-backed securities |
|
|
88,118 |
|
|
|
4,462 |
|
|
|
- |
|
|
|
92,580 |
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| State and municipal securities |
|
|
95,331 |
|
|
|
5,230 |
|
|
|
(35 |
) |
|
|
100,526 |
|
| Corporate debt |
|
|
1,030 |
|
|
|
51 |
|
|
|
- |
|
|
|
1,081 |
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| Total |
|
|
282,648 |
|
|
|
11,255 |
|
|
|
(94 |
) |
|
|
293,809 |
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| Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-backed securities |
|
|
9,676 |
|
|
|
410 |
|
|
|
- |
|
|
|
10,086 |
|
| State and municipal securities |
|
|
5,533 |
|
|
|
380 |
|
|
|
- |
|
|
|
5,913 |
|
| Total |
|
$ |
15,209 |
|
|
$ |
790 |
|
|
$ |
- |
|
|
$ |
15,999 |
|
|
| Amortized Cost and Fair Value of Securities |
The amortized cost and fair value of securities as of December 31, 2012 and 2011 by contractual maturity are shown below. Actual maturities may differ from contractual maturities because the issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
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|
December 31, 2012 |
|
|
December 31, 2011 |
|
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|
Amortized Cost |
|
|
Market Value |
|
|
Amortized Cost |
|
|
Market Value |
|
| |
|
(In Thousands) |
|
| Securities available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Due within one year |
|
$ |
11,971 |
|
|
$ |
12,052 |
|
|
$ |
10,664 |
|
|
$ |
10,762 |
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| Due from one to five years |
|
|
79,192 |
|
|
|
81,940 |
|
|
|
112,488 |
|
|
|
114,227 |
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| Due from five to ten years |
|
|
59,825 |
|
|
|
63,801 |
|
|
|
65,509 |
|
|
|
69,864 |
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| Due after ten years |
|
|
2,368 |
|
|
|
2,618 |
|
|
|
5,868 |
|
|
|
6,376 |
|
| Mortgage-backed securities |
|
|
69,298 |
|
|
|
73,466 |
|
|
|
88,118 |
|
|
|
92,580 |
|
| |
|
$ |
222,654 |
|
|
$ |
233,877 |
|
|
$ |
282,647 |
|
|
$ |
293,809 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Securities held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Due after ten years |
|
$ |
5,538 |
|
|
$ |
6,193 |
|
|
$ |
5,533 |
|
|
$ |
5,913 |
|
| Mortgage-backed securities |
|
|
20,429 |
|
|
|
21,157 |
|
|
|
9,676 |
|
|
|
10,086 |
|
| |
|
$ |
25,967 |
|
|
$ |
27,350 |
|
|
$ |
15,209 |
|
|
$ |
15,999 |
|
|
| Investment Securities Continuous Unrealized Loss Position |
| |
|
Less Than Twelve Months |
|
|
Twelve Months or More |
|
|
Total |
|
| |
|
Gross |
|
|
|
|
|
Gross |
|
|
|
|
|
Gross |
|
|
|
|
| |
|
Unrealized |
|
|
|
|
|
Unrealized |
|
|
|
|
|
Unrealized |
|
|
|
|
| |
|
Losses |
|
|
Fair Value |
|
|
Losses |
|
|
Fair Value |
|
|
Losses |
|
|
Fair Value |
|
| |
|
(In Thousands) |
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government sponsored agencies |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Mortgage-backed securities |
|
|
(40 |
) |
|
|
4,439 |
|
|
|
- |
|
|
|
- |
|
|
|
(40 |
) |
|
|
4,439 |
|
| State and municipal securities |
|
|
(83 |
) |
|
|
8,801 |
|
|
|
- |
|
|
|
166 |
|
|
|
(83 |
) |
|
|
8,967 |
|
| Corporate debt |
|
|
(39 |
) |
|
|
4,882 |
|
|
|
- |
|
|
|
- |
|
|
|
(39 |
) |
|
|
4,882 |
|
| Total |
|
$ |
(162 |
) |
|
$ |
18,122 |
|
|
$ |
- |
|
|
$ |
166 |
|
|
$ |
(162 |
) |
|
$ |
18,288 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury and government sponsored agencies |
|
$ |
(59 |
) |
|
$ |
15,074 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(59 |
) |
|
$ |
15,074 |
|
| Mortgage-backed securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| State and municipal securities |
|
|
(35 |
) |
|
|
4,559 |
|
|
|
- |
|
|
|
- |
|
|
|
(35 |
) |
|
|
4,559 |
|
| Corporate debt |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total |
|
$ |
(94 |
) |
|
$ |
19,633 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(94 |
) |
|
$ |
19,633 |
|
|