Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT SECURITIES (Tables)

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INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Schedule amortized cost and related market value of investment securities available-for-sale
September 30, 2012  
(Dollars in Thousands)   Amortized
Cost		   Unrealized
Gains		   Unrealized
Losses		   Market
Value		  
U.S. Treasury   $ 108,028   $ 690   $ —   $ 108,718  
U.S. Government Agency     41,664     153     15     41,802  
States and Political Subdivisions     70,438     165     42     70,561  
Mortgage-Backed Securities     55,644     677     69     56,252  
Other Securities(1)     11,433     —     600     10,833  
Total Investment Securities   $ 287,207   $ 1,685   $ 726   $ 288,166  
                           
    December 31, 2011  
(Dollars in Thousands)   Amortized
Cost		   Unrealized
Gains		   Unrealized
Losses		   Market
Value		  
U.S. 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 $6.0 million and $4.8 million, respectively, at September 30, 2012 and $6.5 million and $4.8 million, respectively, at December 31, 2011.
Schedule of investment securities with maturity distribution based on contractual maturities
               
(Dollars in Thousands)   Amortized Cost   Market Value  
Due in one year or less   $ 99,462   $ 99,800  
Due after one through five years     175,495     176,636  
Due after five through ten years     817     897  
Due over ten years     —     —  
No Maturity     11,433     10,833  
Total Investment Securities   $ 287,207   $ 288,166  
Schedule of investment securities with continuous unrealized loss position
September 30, 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. Treasury   $ —   $ —   $ —   $ —   $ —   $ —  
U.S. Government Agency     7,273     14     1,228     1     8,501     15  
States and Political Subdivisions     17,022     36     4,051     6     21,073     42  
Mortgage-Backed Securities     4,111     22     6,347     47     10,458     69  
Other Securities     —     —     600     600     600     600  
Total Investment Securities   $ 28,406   $ 72   $ 12,226   $ 654   $ 40,632   $ 726  
                                       
    December 31, 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.U.S. 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