Investment in Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investment in Securities [Abstract]

Schedule of Investment Securities

The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows:

	June 30, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized
(In thousands)	Cost		Gains		Losses		Fair Value
State and political subdivisions	$	262,797	$	10,650	$	2,828	$	270,619
Certificates of deposit		5,809		-		-		5,809
Total	$	268,606	$	10,650	$	2,828	$	276,428

	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized
(In thousands)	Cost		Gains		Losses		Fair Value
State and political subdivisions	$	315,345	$	19,960	$	112	$	335,193
Certificates of deposit		6,742		-		-		6,742
Total	$	322,087	$	19,960	$	112	$	341,935

Schedule of the Fair Value of Securities with Unrealized Losses

The fair values of securities with unrealized losses are as follows:

	June 30, 2013
	Less than 12 months				12 months or more				Total
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
(In thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
State and political
subdivisions	$	74,377	$	2,828	$	-	$	-	$	74,377	$	2,828
Certificates of deposit		-		-		-		-		-		-
Total	$	74,377	$	2,828	$	-	$	-	$	74,377	$	2,828

	December 31, 2012
	Less than 12 months				12 months or more				Total
	Estimated		Unrealized		Estimated		Unrealized		Estimated		Unrealized
(In thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
State and political
subdivisions	$	19,758	$	112	$	-	$	-	$	19,758	$	112
Certificates of deposit		-		-		-		-		-		-
Total	$	19,758	$	112	$	-	$	-	$	19,758	$	112

Schedule of Amortized Cost and Fair Value of Investment

	June 30, 2013
(In thousands)	Amortized Cost		Fair Value
Due in 1 year or less	$	15,436	$	15,627
Due after 1 year through 5 years		72,338		76,717
Due after 5 years through 10 years		128,561		131,142
Due after 10 years		52,271		52,942
Total	$	268,606	$	276,428