The fair value of debt securities and carrying amount, if different, at year end 2010 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown  separately. The tax benefits related to these net realized gains and losses were $359,000 for 2010 and $289,000 for 2009. Securities with carrying values of $24,484,000 and $27,394,000 were pledged as of December 31, 2010 and 2009, respectively, as collateral for repurchase agreements, public funds, and for other purposes as permitted or required by law. Securities with unrealized losses December 31, 2010 and 2009 not recognized in income are as follows: Unrealized losses on securities have not been  recognized into income because the securities are of  high credit quality or have undisrupted cash flows. Management has the intent and ability to hold the  securities for the foreseeable future, and the decline in fair value is largely due to changes in interest rates and market volatility. The fair values are expected to recover as the securities approach maturity. Year end loans are summarized below: NOTE 3 - Loans Receivable Sales of available-for-sale securities were as follows: 28 (Dollars in thousands) Available-for-sale Held-to-maturity _____________________ ______________________________ Estimated Estimated Fair Tax-Equivalent Carrying Fair Tax-Equivalent Value Yield % Amount Value Yield % Due in one year or less................ $ 191 7.07 $ –  $ –  – Due from one to five years .......... 5,268 2.67 1,876 1,988 6.34 Due from five years to ten years.. 9,159 5.82 15,697 11,825 6.03 Due over ten years ...................... 30,295 5.96 – 4,373 6.00 CMO and residential mortgage-backed securities ...... 97,142 4.04 824 852 4.59  _ _ _ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ ___ _ _ _ _ _ ___ _ _ _ _ Total ........................................ $142,055 4.52 $ 18,397 $ 19,038 5.99  _ _ _ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ ___ _ _ _ _ _ ___ _ _ _ _ (Dollars in thousands) 2010 2009 __________ __________ Proceeds ............................................................... $ 18,951 $ 29,933 Gross gains ........................................................... 913 736 Gross losses........................................................... – . – . (Dollars in thousands) 2010 2009 __________ __________ Loans secured by real estate: Construction and land development ................ $ 46,371 $ 53,288 Residential, including home equity .................. 153,150 184,730 Commercial real estate and other dwelling ....... 146,111 141,443 __________ __________ Total loans secured by real estate.............. 345,632 379,461 Consumer loans ................................................. 765 1,505 Commercial business.......................................... 61,837 63,145 Government and other....................................... 10,380 14,474 __________ __________ Subtotal ................................................... 418,614 458,585 Less: Net deferred loan origination fees..................... (273) (285) Undisbursed loan funds ................................... (108) (55) __________ __________ Loans receivable ............................................... $ 418,233 $ 458,245 __________ __________ (Dollars in thousands) Less than 12 months  12 months or longer Total _______________ _______________ _______________ Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2010 Description of Securities: U.S. government  sponsored entities.................. $ 2,513 . $ (3) . $ – . $ – . $ 2,513 $ (3) CMO and residential mortgage-backed securities.... 13,767 (161) – . – . 13,767 (161) Municipal securities ................ 7,496 (194) 398 (17) 7,894 (211) Collateralized debt obligations ............................ – . – . 1,379. (3,836) 1,379 (3,836) _______ _______ _______ _______ _______ _______ Total temporarily impaired .. $23,776 $ (358) $ 1,777 $(3,853) $25,553 $ (4,211) _______ _______ _______ _______ _______ _______ Number of securities............ 27 5 32 (Dollars in thousands) Less than 12 months  12 months or longer Total _______________ _______________ _______________ Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2009 Description of Securities: U.S. government  sponsored entities.................. $ – . $ – . $ – . $  – . $ – . $ – . CMO and residential mortgage-backed securities.... 15,604 (297) 13 – . 15,617 (297) Municipal securities ................ 2,443 (15) 1,476 (79) 3,919 (94) Collateralized debt obligations – . – . 1,350 (3,993) 1,350 (3,993) _______ _______ _______ _______ _______ _______ Total temporarily impaired .. $ 18,047 $ (312) $ 2,839 $(4,072) $ 20,886 $(4,384) _______ _______ _______ _______ _______ _______ Number of securities............ 16 7 23