| 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 June 30, 2013 and December 31, 2012 are summarized as follows: | | | | | | Gross | | Gross | | | | | | | | Amortized | | Unrealized | | Unrealized | | Market | | | | | Cost | | Gain | | Loss | | Value | | | | | (In Thousands) | | | June 30, 2013 | | | | | Securities Available for Sale | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | 17,447 | | $ | 721 | | $ | - | | $ | 18,168 | | | Mortgage-backed securities | | | 65,168 | | | 2,612 | | | (110) | | | 67,670 | | | State and municipal securities | | | 123,099 | | | 3,838 | | | (833) | | | 126,104 | | | Corporate debt | | | 15,697 | | | 172 | | | (41) | | | 15,828 | | | Total | | | 221,411 | | | 7,343 | | | (984) | | | 227,770 | | | Securities Held to Maturity | | | | | | | | | | | | | | | Mortgage-backed securities | | | 28,267 | | | 314 | | | (1,124) | | | 27,457 | | | State and municipal securities | | | 5,541 | | | 294 | | | - | | | 5,835 | | | Total | | $ | 33,808 | | $ | 608 | | $ | (1,124) | | $ | 33,292 | | | | | | | | | | | | | | | | | | December 31, 2012 | | | | | | | | | | | | | | | Securities Available for Sale | | | | | | | | | | | | | | | 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 | | | Corporate debt | | | 13,677 | | | 210 | | | (39) | | | 13,848 | | | Total | | | 222,654 | | | 11,345 | | | (122) | | | 233,877 | | | Securities Held to Maturity | | | | | | | | | | | | | | | Mortgage-backed securities | | | 20,429 | | | 768 | | | (40) | | | 21,157 | | | State and municipal securities | | | 5,538 | | | 655 | | | - | | | 6,193 | | | Total | | $ | 25,967 | | $ | 1,423 | | $ | (40) | | $ | 27,350 | |
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| Investment Securities Continuous Unrealized Loss Position |
Further, the Company believes any deterioration in value of its current investment securities is attributable to changes in market interest rates and not credit quality of the issuer. | | | 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) | | | June 30, 2013 | | | | | | | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | - | | $ | 1,045 | | $ | - | | $ | - | | $ | - | | $ | 1,045 | | | Mortgage-backed securities | | | (110) | | | 27,107 | | | - | | | - | | | (110) | | | 27,107 | | | State and municipal securities | | | (1,954) | | | 34,232 | | | (3) | | | 174 | | | (1,957) | | | 34,406 | | | Corporate debt | | | (41) | | | 5,957 | | | - | | | - | | | (41) | | | 5,957 | | | Total | | $ | (2,105) | | $ | 68,341 | | $ | (3) | | $ | 174 | | $ | (2,108) | | $ | 68,515 | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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