Investment in Securities (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized
(In thousands)	Cost		Gains		Losses		Fair Value
State and political subdivisions	$	311,021	$	13,238	$	540	$	323,719
Certificates of deposit		3,750		-		-		3,750
Total	$	314,771	$	13,238	$	540	$	327,469

	December 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized
(In thousands)	Cost		Gains		Losses		Fair Value
State and political subdivisions	$	308,403	$	8,537	$	2,923	$	314,017
Certificates of deposit		3,750		-		-		3,750
Total	$	312,153	$	8,537	$	2,923	$	317,767

Schedule of the Fair Value of Securities with Unrealized Losses

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

	June 30, 2014
	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	$	3,834	$	2	$	36,578	$	538	$	40,412	$	540
Certificates of deposit		-		-		-		-		-		-
Total	$	3,834	$	2	$	3,578	$	538	$	40,412	$	540

	December 31, 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	$	101,792	$	2,661	$	3,554	$	262	$	105,346	$	2,923
Certificates of deposit		-		-		-		-		-		-
Total	$	101,792	$	2,661	$	3,554	$	262	$	105,346	$	2,923

Schedule of Amortized Cost and Fair Value of Investment

June 30, 2014
(In thousands)	Amortized Cost		Fair Value
Due in 1 year or less	$	21,417	$	21,789
Due after 1 year through 5 years		72,344		76,417
Due after 5 years through 10 years		144,456		149,664
Due after 10 years		76,554		79,599
Total	$	314,771	$	327,469