SECURITIES (Tables)

3 Months Ended

Mar. 31, 2016

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	March 31, 2016
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities' securities	$	208,369	$	4,529	$	—		$	212,898
States of the U.S. and political subdivisions		35,294		463		(17	)		35,740
Mortgage-backed GSE securities: residential		115,650		1,081		—			116,731
Total	$	359,313	$	6,073	$	(17	)	$	365,369

	December 31, 2015
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities' securities	$	221,500	$	159	$	(3,009	)	$	218,650
States of the U.S. and political subdivisions		10,848		192		—			11,040
Mortgage-backed GSE securities: residential		129,155		55		(1,230	)		127,980
Total	$	361,503	$	406	$	(4,239	)	$	357,670

Components of Held to Maturity Securities Portfolio

Components of held to maturity securities portfolio are as follows:

	March 31, 2016
			Gross		Gross
	Amortized		unrecognized		unrecognized		Fair
	cost		gains		losses		value
	(Dollars in thousands)
Held to maturity
Mortgage-backed GSE securities: residential	$	97,467	$	606	$	—	$	98,073
States of the U.S. and political subdivisions		10,371		258		—		10,629
Total	$	107,838	$	864	$	—	$	108,702

	December 31, 2015
			Gross		Gross
	Amortized		unrecognized		unrecognized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Held to maturity
Mortgage-backed GSE securities: residential	$	100,322	$	—	$	(1,203	)	$	99,119
States of the U.S. and political subdivisions		10,377		148		—			10,525
Total	$	110,699	$	148	$	(1,203	)	$	109,644

Available For Sale Securities [Member]

Debt Securities by Contractual Maturity

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

	March 31, 2016
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	—	$	—
Due after one year through five years		—		—
Due after five years through ten years		189,869		193,962
Due after ten years		53,794		54,676
Mortgage-backed GSE securities: residential		115,650		116,731
Total	$	359,313	$	365,369

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized 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:

	March 31, 2016
	Less than 12 months					12 months or more				Total
	Fair		Unrealized loss			Fair		Unrealized		Fair		Unrealized
	value		Loss			value		Loss		value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and government sponsored entities	$	—	$	—		$	—	$	—	$	—	$	—
States of the U.S. and political subdivisions		8,272		(17	)		—		—		8,272		(17	)
Mortgage-backed GSE securities: residential		—		—			—		—		—		—
Total temporarily impaired securities	$	8,272	$	(17	)	$	—	$	—	$	8,272	$	(17	)

	December 31, 2015
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
U.S. Treasury and government sponsored entities	$	139,876	$	(1,654	)	$	55,055	$	(1,355	)	$	194,931	$	(3,009	)
Mortgage-backed GSE securities: residential		100,585		(842	)		14,278		(388	)		114,863		(1,230	)
Total temporarily impaired securities	$	240,461	$	(2,496	)	$	69,333	$	(1,743	)	$	309,794	$	(4,239	)

Held To Maturity Securities [Member]

Debt Securities by Contractual Maturity

Debt securities held to maturity by contractual maturity, repricing or expected call date are shown below:

	March 31, 2016
	Amortized cost		Fair value
	(Dollars in thousands)
Due in one year or less	$	1,100	$	1,107
Due after one year through five years		—		—
Due after five years through ten years		3,270		3,370
Due after ten years		6,001		6,152
Mortgage-backed GSE securities: residential		97,467		98,073
Total	$	107,838	$	108,702

Securities Available for Sale and Held to Maturity in Unrealized and Unrecognized Loss Position

Securities held to maturity that have been in an unrecognized loss position for less than twelve months or twelve months or more are as follows:

	March 31, 2016
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed GSE securities: residential	$	—	$	—		$	75,672	$	(860	)	$	75,672	$	(860	)
States of the U.S. and political subdivisions		—		—			—		—			—		—
Total temporarily impaired securities	$	—	$	—		$	75,672	$	(860	)	$	75,672	$	(860	)
	December 31, 2015
	Less than 12 months					12 months or more					Total
	Fair		Unrealized loss			Fair		Unrealized			Fair		Unrealized
	value		Loss			value		Loss			value		Loss
	(Dollars in thousands)
Description of securities:
Mortgage-backed GSE securities: residential	$	22,723	$	(289	)	$	76,396	$	(2,390	)	$	99,119	$	(2,679	)
States of the U.S. and political subdivisions		—		—			—		—			—		—
Total temporarily impaired securities	$	22,723	$	(289	)	$	76,396	$	(2,390	)	$	99,119	$	(2,679	)