Annual report pursuant to Section 13 and 15(d)

INVESTMENT SECURITIES (Tables)

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INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2012
Investment Securities Tables  
Schedule of amortized cost and related market value of investment securities available-for-sale

 

    2012
(Dollars in Thousands)   Amortized
Cost		   Unrealized
Gains		   Unrealized
Losses		   Market
Value
U.S. Government Treasury   $ 96,745     $ 504     $ —       $ 97,249  
U.S. Government Agency     51,468       221       25       51,664  
States and Political Subdivisions     79,818       124       63       79,879  
Mortgage-Backed Securities     56,217       805       40       56,982  
Other Securities(1)     11,811       —         600       11,211  
Total Investment Securities   $ 296,059     $ 1,654     $ 728     $ 296,985  

 

    2011
(Dollars in Thousands)   Amortized
Cost		   Unrealized
Gains		   Unrealized
Losses		   Market
Value
U.S. Government Treasury   $ 168,001     $ 1,463     $ —       $ 169,464  
U.S. Government Agency     14,758       27       48       14,737  
States and Political Subdivisions     58,946       186       38       59,094  
Mortgage-Backed Securities     51,775       809       87       52,497  
Other Securities(1)     11,957       —         600       11,357  
Total Investment Securities   $ 305,437     $ 2,485     $ 773     $ 307,149  

 

  (1) Includes Federal Home Loan Bank and Federal Reserve Bank stock recorded at cost of $6.4 million and $4.8 million, respectively, at December 31, 2012 and $6.5 million and $4.8 million, respectively, at December 31, 2011.

Schedule of proceeds from sale and gross realized gains and losses from the securities

 

  (Dollars in Thousands)   Year   Total
Proceeds		   Gross
Realized Gains		   Gross
Realized Losses
      2012     $ 1,145     $ —       $ —    
      2011       321       —         —    
      2010     $ 3,640     $ 8     $ —    

 
Schedule of investment securities with maturity distribution based on contractual maturities

 

(Dollars in Thousands)   Amortized Cost   Market Value
Due in one year or less   $ 91,558     $ 91,892  
Due after one through five years     99,980       100,220  
No Maturity     11,811       11,211  
Mortgage-Backed Securities     56,217       56,982  
U.S. Government Agency     36,493       36,680  
Total Investment Securities   $ 296,059     $ 296,985  

 
Schedule of investment securities with continuous unrealized loss position

 

    2012
    Less Than
12 Months		   Greater Than
12 Months		   Total
(Dollars in Thousands)   Market
Value		   Unrealized
Losses		   Market
Value		   Unrealized
Losses		   Market
Value		   Unrealized
Losses
U.S. Government Treasury   $ —       $ —       $ —       $ —       $ —       $ —    
U.S. Government Agency     8,464       23       790       2       9,254       25  
States and Political Subdivisions     30,302       55       5,028       8       35,330       63  
Mortgage-Backed Securities     3,921       15       1,624       25       5,545       40  
Other Securities     —         —         600       600       600       600  
Total Investment Securities   $ 42,687     $ 93     $ 8,042     $ 635     $ 50,729     $ 728  

  

    2011
    Less Than
12 Months		   Greater Than
12 Months		   Total
(Dollars in Thousands)   Market
Value		   Unrealized
Losses		   Market
Value		   Unrealized
Losses		   Market
Value		   Unrealized
Losses
U.S. Government Treasury   $ 9,698     $ 48     $ —       $ —       $ 9,698     $ 48  
U.S. Government Agency     —         —         —         —         —         —    
States and Political Subdivisions     14,597       38       —         —         14,597       38  
Mortgage-Backed Securities     11,612       87       37       —         11,649       87  
Other Securities     —         —         600       600       600       600  
Total Investment Securities   $ 35,907     $ 173     $ 637     $ 600     $ 36,544     $ 773