SECURITIES (Tables)

9 Months Ended

Sep. 30, 2014

Investments Debt And Equity Securities [Abstract]

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	September 30, 2014
	Amortized cost		Gross Unrealized Gains		Gross unrealized losses			Fair value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities’ securities	$	242,043	$	—	$	(10,404	)	$	231,639
Mortgage-backed GSE securities: residential		281,852		45		(6,411	)		275,486
Total	$	523,895	$	45	$	(16,815	)	$	507,125

	December 31, 2013
	Amortized cost		Gross Unrealized Gains		Gross unrealized losses			Fair value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities’ securities	$	247,863	$	—	$	(25,570	)	$	222,293
Equity securities		101		344		—			445
Mortgage-backed GSE securities: residential		303,435		31		(15,198	)		288,268
Total	$	551,399	$	375	$	(40,768	)	$	511,006

Debt Securities Available for Sale by Contractual Maturity

Debt securities available for sale by contractual maturity, repricing or expected call date are shown below:

	September 30, 2014
	(Dollars in thousands)
	Amortized Cost		Fair Value
Due in one year or less	$	500	$	500
Due after one year through five years		—		—
Due after five years through ten years		209,134		200,791
Due after ten years through fifteen years		32,409		30,348
Mortgage-backed GSE securities: residential		281,852		275,486
Total	$	523,895	$	507,125

Securities Available for Sale in Unrealized Loss Position

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more are as follows:

	September 30, 2014
	(Dollars in thousands)
	Less Than 12 Months					12 Months or More							Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and government sponsored entities’ securities	$	4,444	$	(46	)	$	226,695	$	(10,358	)	$	231,139	$	(10,404	)
Mortgage-backed GSE securities:
residential		33,726		(87	)		241,010		(6,324	)		274,736		(6,411	)
Total	$	38,170	$	(133	)	$	467,705	$	(16,682	)	$	505,875	$	(16,815	)

	December 31, 2013
	(Dollars in thousands)
	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury and government sponsored entities’ securities	$	193,746	$	(21,360	)	$	28,046	$	(4,210	)	$	221,792	$	(25,570	)
Mortgage-backed GSE securities:
residential		240,201		(10,680	)		47,319		(4,518	)		287,520		(15,198	)
Total	$	433,947	$	(32,040	)	$	75,365	$	(8,728	)	$	509,312	$	(40,768	)