Securities (Tables)

12 Months Ended

Dec. 31, 2014

Securities

Schedule of amortized cost and estimated fair value of securities

2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Estimated Fair Value
	(Dollars in thousands)
Securities available-for-sale:
Agency mortgage-backed securities	$	150,570	$	3,867	$	(265	)	$	154,172
Corporate bonds		35,927		959		(23	)		36,863
Trust preferred securities		15,000		300		—			15,300
Total	$	201,497	$	5,126	$	(288	)	$	206,335
Securities held-to-maturity:
Agency mortgage-backed securities	$	15,480	$	44	$	(118	)	$	15,406
Municipals — tax exempt		79,882		1,011		(1,346	)		79,547
Total	$	95,362	$	1,055	$	(1,464	)	$	94,953

2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Estimated Fair Value
	(Dollars in thousands)
Securities available-for-sale:
Agency mortgage-backed securities	$	208,644	$	2,465	$	(3,465	)	$	207,644
Corporate bonds		53,002		527		(1,483	)		52,046
Trust preferred securities		20,849		—		(439	)		20,410
Total	$	282,495	$	2,992	$	(5,387	)	$	280,100
Securities held-to-maturity:
Agency mortgage-backed securities	$	15,932	$	—	$	(470	)	$	15,462
Municipals — tax exempt		79,989		54		(9,473	)		70,570
Total	$	95,921	$	54	$	(9,943	)	$	86,032

Schedule of securities with unrealized losses

	Less Than 12 Months					12 Months or More					Total
2014	Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)
	(Dollars in thousands)
Securities available-for-sale:
Agency mortgage-backed securities	$	12,491	$	(27	)	$	35,614	$	(238	)	$	48,105	$	(265	)
Corporate bonds		—		—			5,148		(23	)		5,148		(23	)
Total	$	12,491	$	(27	)	$	40,762	$	(261	)	$	53,253	$	(288	)
Securities held-to-maturity:
Agency mortgage-backed securities	$	4,869	$	(29	)	$	4,974	$	(89	)	$	9,843	$	(118	)
Municipals — Tax Exempt		1,884		(16	)		42,867		(1,330	)		44,751		(1,346	)
Total	$	6,753	$	(45	)	$	47,841	$	(1,419	)	$	54,594	$	(1,464	)

	Less Than 12 Months					12 Months or More					Total
2013	Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)
	(Dollars in thousands)
Securities available-for-sale:
Agency mortgage-backed securities	$	87,798	$	(2,869	)	$	8,920	$	(596	)	$	96,718	$	(3,465	)
Corporate bonds		38,092		(1,322	)		1,860		(161	)		39,952		(1,483	)
Trust preferred securities		20,410		(439	)		—		—			20,410		(439	)
Total	$	146,300	$	(4,630	)	$	10,780	$	(757	)	$	157,080	$	(5,387	)
Securities held-to-maturity:
Agency mortgage-backed securities	$	5,978	$	(101	)	$	9,134	$	(369	)	$	15,112	$	(470	)
Municipals — Tax Exempt		38,177		(4,421	)		25,520		(5,052	)		63,697		(9,473	)
Total	$	44,155	$	(4,522	)	$	34,654	$	(5,421	)	$	78,809	$	(9,943	)

Schedule of proceeds from sales of securities and the resulting gains and losses

	2014			2013			2012
	(Dollars in thousands)
Proceeds	$	108,603		$	26,944		$	40,587
Gross gains		1,008			310			1,560
Gross losses		(911	)		(272	)		—

Schedule of amortized cost and estimated fair values of securities, by contractual maturity

	Available-for-sale
	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Due after one through five years	$	6,335	$	6,713
Due after five through ten years		29,592		30,150
Due after ten years		15,000		15,300
Agency mortgage-backed securities		150,570		154,172
Total	$	201,497	$	206,335

	Held-to-maturity
	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Due after five through ten years		5,883		6,050
Due after ten years		73,999		73,497
Agency mortgage-backed securities		15,480		15,406
Total	$	95,362	$	94,953